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Megado Minerals Limited (ASX:MEG)
ALERT: Price-sensitive ASX Announcement for MEG
Current share price for MEG : $0.019 0.004 (26.67%)+
Announcement
Release
15 Jul 2026 8:30AM
Price at Release
$0.015
Full Release
Summary
Megado Minerals Limited has announced the start of a maiden drilling program at its Iberian Copper Project located in northern Spain's Navarra and Aragón provinces. The drilling will test depth and strike extensions of the historic Emilia copper oxide mine, focusing on 'red beds' type sedimentary-hosted copper deposits. The project aims to explore prospective stratigraphic units within the geologically complex Ebro Basin. Further geophysical surveys are planned to refine deeper sulphide targets. Additionally, new Investigation Permit applications have been submitted for areas near Mina Biel, capitalizing on historical mining operations and data.
Key Points
- Maiden drilling program commenced at Iberian Copper Project.
- Drilling targets depth and strike extensions of historic Emilia copper oxide mine.
- Project located in Navarra and Aragón, northern Spain.
- Exploration focusing on 'red beds' type sedimentary-hosted copper deposits.
- Geophysical surveys planned to refine deeper targets.
- Investigation Permit applications submitted for areas adjacent to Mina Biel.
- Project leveraging historical mining data and geophysical surveys.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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