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Magma Metals Limited

09:57 AM EST - Magma Metals Limited : provided its activities and cash flow report for the quarter ended December 31, 2011. On its North Platinum-Palladium Project in Ontario, wide-spaced drilling has extended mineralization a further approximately 550 metres beyond the recently defined 450m-long extension of mineralization in the mineral resource. Results included: -- 10.5m @ 2.90 grams per ton platinum and palladium (Pt+Pd), 0.45% copper (Cu) and 0.23% nickel (Ni), and – 5 0m @ 3.76g/t Pt+Pd, 0.77% Cu & 0.32% Ni. Magma Metals Limited shares T.MMW are trading even at $0.09.