Magnetic Resources NL announced the Lady Julie Central thick high-grade mineralised structure predominantly trends to the NW. A second parallel NW mineralised structure is interpreted only 100m to the south and is being further investigated with three deeper RC holes after intersecting 24m at 2.0g/t from 152m in MLJRC552. In addition, further infill drilling at Lady Julie Central has intersected some very high-grade and some high-grade thicker intersections some of which start from surface.

The Lady Julie Central and Lady Julie WMC mineralisation can be unusually thick with associated higher grades, 41m at 2.6g/t from 31m in MLJRC162, 36m at 2.3g/t from 68m in MLJRC352, 52m at 1.5g/t from 15m in MLJRC342 and 52m at 1.1g/t from 68m in MLJRC448, which augers well for the potential economics considering a lot of these intersections also start from surface, 25m at 4.4g/t from 0m in MLJRC348, 22m at 4.1g/t from 0m in MLJRC457, 40m at 1.7g/t from 0m in MLJRC482, 20m at 3.6g/t from 0m in MLJRC545 and 39m at 1.6g/t from 7m in MLJRC295. The highest-grade and thickest zones trend NNW within an overall NS trend. This 1km long target zone is being infill drilled to get it to an Indicated Category.

There are at least two separate stacked lodes present in this current drilling area. Assays are pending for 32 RC holes totaling 3127m and 3 diamond holes for 302m at Lady Julie Central and Lady Julie WMC and Lady Julie 4 and 89 AC holes for 3264m targeting the seismic thrust zones and the ten new structural targets.