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MacPhersons ups Boorara gold resource by 118%

MacPhersons Resources Ltd. posted a 118% increase in the contained resource at its Boorara gold project in Western Australia to 507,000 ounces.

The resource is contained in 16.45 million tonnes at 0.96 g/t gold, using a 0.5 g/t gold cutoff, according to the March 6 release.

Additionally, the company has identified three open pits within the 1,800-meter strike zone and about 700 meters of the mineralized zone will be targeted for future infill drilling of some 20,000 meters.