MMB - Magma Metals

moneymajix · 17 October 2007

17th October 2007 ASX Announcement ASX: MMB

THICK ZONE OF PGE MINERALISATION INTERSECTED
AT THUNDER BAY NORTH

KEY POINTS

• Thick zone of PGE mineralisation intersected in peridotite in the northern
part of the Current Lake magnetic anomaly: 28.55m @ 2.69g/t Pt+Pd+Au,
0.31% Cu & 0.25% Ni, including 14.60m @ 4.66g/t Pt+Pd+Au, 0.52% Cu &
0.35% Ni.
• A drill-hole at the Beaver Lake “bulls-eye” magnetic anomaly, 2km to the
south-east of Current Lake, intersected a 224m thick zone of peridotite with
disseminated sulphides.
• Magnetic anomalies potentially reflecting PGE prospective intrusions now
interpreted to extend over 5km.
• Regional rock-chip sampling returned up to 1.18g/t Pt+Pd+Au at Lone
Island Lake, 7.5km west of Current Lake, adjacent to a “bulls-eye” magnetic anomaly
_________________

SevenFX · 17 October 2007

Looks like the market likes the results.

A jump out of the gates at 50% (0.15) so far.

Resumes 2.25pm

SevenFX

tigerboi · 17 October 2007

looks like a good report which they say is massive,other people here know more on this than myself,thoughts earlier posters on this stock...

roland · 17 October 2007

That was a classic, of when not to buy "At Market" on good news. The high buyers at .50 can't be too happy..........

powerkoala · 17 October 2007

kicking myself for out too soon
out at 33.5c and the next day, it called for trading halt.
jeez... what a miss

roland · 17 October 2007

powerkoala said:
kicking myself for out too soon
out at 33.5c and the next day, it called for trading halt.
jeez... what a miss

Happens all the time. I sold out of TLM at .57, now look where it is. Sold out of RAMS, at .37, and will probably kick myself next week. Then again, if you sold and made a profit - it can't be all bad.

roland · 17 October 2007

I,m not on this ride, but it looks like it may chug up a bit, good roller coaster...................

powerkoala · 17 October 2007

roland said:
I,m not on this ride, but it looks like it may chug up a bit, good roller coaster...................

just beware.
i remember there were couple 5x200000 orders when i bought this one.
2 orders at 27c and 3 at 30c.
it could be the insider trading who knows that this hype might happen.
cheers.

roland · 17 October 2007

powerkoala said:
just beware.
i remember there were couple 5x200000 orders when i bought this one.
2 orders at 27c and 3 at 30c.
it could be the insider trading who knows that this hype might happen.
cheers.

naaaahh, I'm not getting suckered into this one right now - got burnt and left holding the baby on RFE - going into cautious mode after learning the sucker market price buy thingo on good news pre-open (if that makes sense)

moneymajix · 17 October 2007

Thinking may see some media (may do as ann. good).
If so, could propel the share price higher.

Current sp. 46c (up 53+%)

juw177 · 17 October 2007

MEE has an ann out because it has a significant stake in MMB. But MEE has not had its run just yet. Perhaps it will happen soon?

alankew · 17 October 2007

Well spotted,sooner or later the market will catch on so might be a good time to get in now before the masses

moneymajix · 17 October 2007

Juw

Good point. Seems strange that MEE is up 2% as it holds 10 million shares in Magma, which represents approximately 13% of the total issued capital of Magma.

Maybe a delayed reaction?

golddigger · 23 October 2007

powerkoala said:
kicking myself for out too soon
out at 33.5c and the next day, it called for trading halt.
jeez... what a miss

This happens all the time, but if you had been watching the stock you would have spotted a little insider trading.

On the 27/9/07 there were 2 buys one of over 1.8 million & another of 350K within seconds of each other compared to the normal volume over past 4 months these put a huge volume spike. When I spotted this I went to the company announcements & noticed their drilling results would be back in a few weeks so somebody must have had a little peakaboo at the cores, so this was enough for me to grab another 20k , so maybe i'm holding your stock now ---Thanks buddy.

moneymajix · 24 October 2007

FURTHER DRILLING RESULTS CONFIRM THICK PGE ZONE AT THUNDER BAY NORTH

KEY POINTS

•
Assay results have been received for two more holes drilled adjacent to hole TBND027 in the northern part of the Current Lake magnetic anomaly. Results included: 54.7m @ 1.56g/t Pt+Pd+Au, 0.19% Cu & 0.19% Ni, including 10.9m @ 2.72g/t Pt+Pd+Au, 0.29% Cu & 0.22% Ni in drill-hole TBND028 and 38.4m @ 1.11g/t Pt+Pd+Au, 0.13% Cu & 0.16% Ni, including 14.95m @ 1.96g/t Pt+Pd+Au, 0.23% Cu & 0.20% Ni in drill-hole TBND029.
•
Some high grade intercepts were associated with massive-sulphide veins including: 0.45m @ 15.85g/t Pt+Pd+Au, 2.86% Cu & 1.16% Ni in drill-hole TBND028.
•
Intercepts for TBND027 have been upgraded following receipt of additional assay results to 43.05m @ 2.02g/t Pt+Pd+Au, 0.22% Cu & 0.20% Ni, including 14.60m @ 5.03g/t Pt+Pd+Au, 0.52% Cu & 0.35% Ni and 4.90m @ 8.22g/t Pt+Pd+Au, 0.78% Cu & 0.54% Ni.

golddigger · 24 October 2007

With today's great drilling results & the stock moving up in the morning ( got to 60c at one stage) to reflect this..
So my question is--- what will happen to the price when the "BULLS EYE" results come in?? Remember just before Xmas 06 --maybe Santas coming again.

sharethelove · 24 October 2007

New to this Gold thing (sik of IO), when are the 'bulls eye' results due??? Anyone got some good ones to watch and learn.
true story- Beginning of last year I was in the lift one morning slipping my coffee and waking up and this guy starts telling me about BHP and how its a dead cert to hit 40+ by early 07.....this morning I stand next to the very same guy and he says "Gold dude- sure to hit 2000+ by mid 08???? cld this be possible?

moneymajix · 5 November 2007

5th November 2007 ASX Announcement ASX: MMB

BEAVER LAKE RESULTS CONFIRM POTENTIAL FOR A LARGE PGE
SYSTEM AT THUNDER BAY NORTH

KEY POINTS

• Encouraging preliminary PGE results have been received for a
reconnaissance drill-hole into the Beaver Lake magnetic anomaly, including
20.9m @ 0.53g/t Pt+Pd+Au and 15.0m @ 0.66g/t Pt+Pd+Au, which included
8.0m @ 1.00g/t Pt+Pd+Au.
• Encouraging PGE results have also been received for a drill-hole in the
southern part of the Current Lake magnetic anomaly, including 21m @
0.58g/t Pt+Pd+Au.
• Thick zones of PGE mineralisation have now been intersected by drilling in
three areas, each approximately one kilometre apart within a 5km-long
complex of magnetic anomalies, indicating potential for a large PGE
mineralised system.

Close on Friday - 72c

moneymajix · 10 January 2008

10th January 2008 ASX
Announcement ASX: MMB

NEW PGE ZONE DISCOVERED AT THUNDER BAY NORTH

KEY POINTS

• A new mineralised peridotite zone has been discovered at the Thunder Bay
North project in Canada – drill intersections include 4.6m @ 5.01g/t
Pt+Pd+Au, 0.54% Cu & 0.33% Ni and 2.85m @ 4.32g/t Pt+Pd+Au, 0.54% Cu &
0.21% Ni.
• Drilling results indicate a potentially 800m-long PGE-prospective trend
connecting the mineralised Current Lake and Beaver Lake peridotite
intrusions.
• Ni-Cu-PGE mineralisation has now been intersected in drilling over a strike
length of 2.7km indicating potential for a large-scale mineralised system.

46c, up 21%

moneymajix · 3 March 2008

Re: MMB - Magma Metals - More good results

Up 9% on announcement. 42c.

Something green today!

3rd March 2008
ICE DRILLING INTERSECTS STRONG SULPHIDE ZONES AT TBN

KEY POINTS

• A 6,000m diamond drilling program is in progress within a 2.7km-long zone
of peridotite intrusions hosting Platinum – Palladium mineralisation at
Thunder Bay North (TBN).
• The ice drilling on Current Lake has so far defined a zone with strong
visible sulphide mineralisation at least 500m long.
• The sulphides appear to be increasing to the south within this zone – the
southern-most drill-hole intersected 40.4m of peridotite with 7-30%
sulphides.
• Mineralisation is open to the south and drilling is continuing.

MMB - Magma Metals

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