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Magna Mining Inc V.NICU

Alternate Symbol(s):  MGMNF

Magna Mining Inc. is an exploration and development company focused on nickel, copper and platinum group metals (PGM) projects in the Sudbury Region of Ontario, Canada. The Company's flagship assets are the past producing Shakespeare and Crean Hill Mines. The Shakespeare Mine is a feasibility stage project which has permits for the construction of a 4,500 tons per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180 square kilometers (km2) prospective land package. The Shakespeare Project is comprised of around 29 patented claims, three leased claims and 787 mining claims within Dunlop, Porter, Shakespeare, Hyman and Baldwin Townships, and covers an area of 18,074.94 hectares (ha). The Crean Hill Mine is a past producing nickel, copper and PGM mine. The Crean Hill property has an area of patented surface and mining rights consisting of over 255.9 ha. It has a 100% interest in a nickel-copper deposit located near Shining Tree, Ontario.


TSXV:NICU - Post by User

Post by MightyPoPoon Mar 02, 2023 8:45am
274 Views
Post# 35314613

Today's news

Today's newsNot sure these will be moving the needle much..perhaps have something a bit better to release next week for PDAC

Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce additional assay results from the remaining November 2022 diamond drilling program at the Company's 100% owned Crean Hill Mine in Sudbury, Ontario. Results have been received for five holes drilled into a near-surface area of the Intermediate Zone and two holes from the 101 Footwall Zone. High grade mineralization has now been intersected and reported in all holes that were drilled in the 2022 program (see table 1).

Highlights from the new assay results include:

101 FW Zone (MCR-22-004)

  • 2.5% Ni, 1.2 %Cu, 0.7 g/t Pt+Pd+Au over 8.1 metres
  • 1.1% Ni, 5.7% Cu, 2.2 g/t Pt+Pd+Au over 4.4 metres
  • 2.4% Ni, 2.7% Cu, 2.8 g/t Pt+Pd+Au over 4.7 metres

Intermediate Zone (MCR-22-008) 

  • 1.2% Ni, 0.8 %Cu, 1.4 g/t Pt+Pd+Au over 17.3 metres
  • 3.1% Ni, 0.6% Cu, 0.6 g/t Pt+Pd+Au over 3.7 metres

Intermediate Zone (MCR-22-009)

  • 1.1% Ni, 0.7 %Cu, 1.2 g/t Pt+Pd+Au over 27.0 metres
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