Australia's Magmatic Resources leaps on gold find in NSW

Magmatic Resources

08/07/2022 06:58

** Shares of mineral explorer Magmatic Resources  MAG.AX 
soar as much as 25% to A$0.075, their best intraday gain since
March 1
    ** Says final assay results from the Bodangora Goldfield in
New South Wales (NSW) show strong and shallow gold
mineralisation  urn:newsml:reuters.com:*:nASX6cLCRZ 
    ** MAG to continue working on the project area to check for
further gold mineralisation around the region 
    ** Stock hits highest level since June 1 
    ** Stock down 39.4% YTD, as of last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))