NR Highlights 2022HIGHLIGHTS FROM NRs OF 2022
July 4, 2022
- Earlier this year, Magnum received a 2-year Multi-Year Area Based (MYAB) work permit for its LH Property, issued by the Ministry of Energy, Mines and Low Carbon Innovation.
August 16, 2022
- The Company considers the results of the 2022 program to be very significant.
- We are extremely encouraged by these results from the LH Property and the potential to identify an initial NI 43-101 compliant resource in the near future. We are actively working to continue our drill program on the property to realize that goal.
- The holes completed in 2022 continue to document multiple, pyrrhotite mineralized, variably gold-bearing zones, including high-grade, gold-bearing intervals, consistent with previous programs.
- The strong correlation between prominent magnetic anomalies and well mineralized, gold-bearing intervals has been extended to both depth and farther south.
- Underground sampling confirms that variable, moderate to high-grade gold (≤154.08 g/t) has been documented.
- Drilling by the Company continues to document high-grade, gold-bearing mineralization.
- Taken together, these data are interpreted to indicate strong potential to delineate a mineral resource spatially associated with the LH Underground Workings.