Magna Mining Inc V.NICU

Alternate Symbol(s): MGMNF

Metals & Mining Industrial Metals & Minerals

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

Magna Mining Inc > Magna Mining Reports New Assay Results from Crean Hill

<< Previous

Bullboard Posts

Next >>

Post by MightyPoPoon May 18, 2023 7:05am

276 Views

Post# 35454007

Magna Mining Reports New Assay Results from Crean Hill

continues to underwhelm.

Sudbury, Ontario--(Newsfile Corp. - May 18, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce additional assays results from the ongoing diamond drilling program at Crean Hill. Results include assays from five drillholes completed on the G1 Zone, a narrow embayment structure at the Sudbury Igneous Complex ("SIC") contact, approximately 1000 metres east of the Crean Hill Main Zone (See news release dated February 23, 2023), and one additional drillhole targeting the 109 Footwall ("109 FW") Zone.

Highlights from the new assay results include:

G1 Zone (MCR-23-014): 1.0% Ni, 0.8 % Cu, 0.2 g/t Pt + Pd + Au over 5.2 metres
109 FW Zone (MCR-23-019): 0.2% Ni, 0.3 % Cu, 8.0 g/t Pt + Pd + Au over 28.4 metres