The Hawks Nest Project has been the main discovery for Magnetic and the already enormous 3km long boomerang shaped gold soil anomaly continues to extend both north, northeast, south and at depth. At this stage the asset still cannot be defined and currently a seismic survey being conducted will shed a lot more light on what is there. At this stage it looks to be as large as 4km long and will be tested at depth.
The asset itself was pegged by the team back in 2016 and extensive ground work and magnetic surveys were what initially identified key target areas for drilling. Hawks Nest 9 is the main area but exploration has been conducted throughout, as you can see in the below table.
Recent deeper drilling is mainly testing zones areas that do not show up from soil sampling and are focused mainly on the thickened NE trending zone and the 1.5km extension to the NW.
Further ground magnetic surveys are planned after successfully delineating the thickened gold rich porphyry zone. This will help evaluate the NE linkup with the adjacent Lady Julie Project
