Magmatic Resources (ASX:MAG) said on Monday (June 16) that it has entered into an agreement to acquire 100 percent of the Weebo gold project in Goldfields, Western Australia, for AU$1.7 million.

The company has completed two aircore and two RC drilling programs since acquiring Weebo in July last year. Its second phase of aircore drilling was designed to better define four prospects along the ...

An inaugural drill program of shallow aircore and slim-line RC drilling has demonstrated the potential for high grade gold close to surface, providing confidence to call in the heavy artillery in the ...

A bargain basement deal to acquire the Weebo gold project will position Magmatic Resources between some of the giants of the WA gold sector. With M&A activity raging of all kinds in the West ...

Special report: Drilling is back underway at Magmatic Resources’ Weebo gold project in WA’s eastern Goldfields, with Phase 2 of the program following a highly successful first campaign. The new round ...

Magmatic has strengthened the pipeline of gold targets at its Weebo project in WA with aircore drilling returning encouraging mineralisation. The company has completed two aircore and two RC drilling ...

Magmatic Resources adds second string to its bow with WA gold deal Weebo gold project underexplored and surrounded by multi-million ounce mines in WA’s Northern Goldfields Drilling to take place in ...