Magnum Mining accelerates Parker project exploration in Arizona. The company has completed positive geological reconnaissance and surface geochemical programs at its Parker project, identifying structurally controlled mineralisation at the Eagle Nest prospect and defining an IOCG-style breccia target at Red Breccia. The project is strategically located within the Walker Lane structural belt, a highly endowed mineral belt hosting approximately 50 million ounces of gold, 700 million ounces of silver and four million tonnes of copper. Magnum is now awaiting assay results from 457 soil samples and 131 rock chip samples while progressing permitting with the bureau of land management to commence first-pass drilling at Eagle Nest and Red Breccia. The company trades at 0.5 cents with a market capitalisation of 16.06 million dollars.
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