Magmatic Resources announced that drilling at its Corvette polymetallic deposit in the Lachlan Fold Belt in New South Wales continues to reveal strong mineralization.
　　The upper part of the recent diamond drill hole intersected mineralization at a depth of 147 meters beneath the cap rock, extending over a vertical interval of 698 meters. The copper grade is 0.24%, and the gold grade is 0.05 grams per ton.
　　At a depth of 147 meters, mineralization was encountered over a thickness of 355 meters, with a copper grade of 0.38% and a gold grade of 0.09 grams per ton. This mineralization includes a 25-meter-thick zone with a copper grade of 0.6% and a gold grade of 0.44 grams per ton.
　　Mineralization was encountered at a depth of 375 meters over a 95-meter interval, with a copper grade of 0.55%, gold content of 0.07 grams per ton, and molybdenum content of 0.001%.
　　This hole is located 105 meters north of the previously drilled borehole. The company stated that the Kerwitt porphyry copper deposit has a width of up to 600 meters and a vertical depth of 800 meters, indicating significant exploration potential.
　　The newly discovered Corvette porphyry copper deposit is located within the Myall project area, which lies 60 kilometers north of the large Northparks mine.
　　(Global Geological and Mineral Information System)