MAGNA INTERSECTS HIGH GRADE PGM FOOTWALL MINERALIZATION AT CREAN HILL
Mineralization Intersected over 98m Including 3.7% Ni, 2.8% Cu and 20.2 g/t Pt+Pd+Au over 7.1m
SUDBURY, ONTARIO, CANADA, JANUARY 9, 2023 – Magna Mining Inc. (TSX.V: NICU) (“Magna” or the “Company”) is pleased to announce the first assays received from drilling on the 109 Footwall (“FW”) Zone at the Crean Hill Mine (“Crean Hill”). Drillhole MCR-22-010 was targeted within the near surface 109 FW Zone Mineral Resource and intersected mineralization grading 0.4 % Ni, 0.5 % Cu, 7.2 g/t Pt+Pd+Au over 98.3 metres, including higher grade intervals grading 0.8 % Ni, 0.8 % Cu, 12.7 g/t Pt+Pd+Au over 44.0 metres, including 3.7 % Ni, 2.8 % Cu, 20.2 g/t Pt+Pd+Au over 7.1 metres. The 109 FW Zone at Crean Hill is another distinct footwall zone, located proximal to the Main Zone.
Highlights:
- Drillhole MCR-22-010, intersected 0.4 % Ni, 0.5 % Cu, 7.2 g/t Pt+Pd+Au over 98.3 metres, including higher grade intervals grading 0.8 % Ni, 0.8 % Cu, 12.7 g/t Pt+Pd+Au over 44.0 metres, including 3.7 % Ni, 2.8 % Cu, 20.2 g/t Pt+Pd+Au over 7.1 metres in the 109 FW Zone.
- The 109 FW Zone represents an area of high-grade mineralization extending into the footwall breccia that is associated with the Main Zone.
- The 109 FW Zone is the second, separate footwall zone tested by Magna at Crean Hill, confirming the presence of multiple FW breccia corridors that will be further tested with the 2023 drill program.
- While the current 109 FW Zone Mineral Resource has been defined to the 365m, historical drilling indicates this style of mineralization is open at depth and has additional strike length potential.
https://magnamining.com/magna-intersect ... rean-hill/
MAGNA MINING INTERSECTS 4.0 % NICKEL OVER 31.1 METRES AT THE CREAN HILL MINE, SUDBURY
SUDBURY, ONTARIO, CANADA, JANUARY 5, 2023 – Magna Mining Inc. (TSX.V: NICU) (“Magna” or the “Company”) is pleased to announce additional assays received from the November 2022 drill program at Crean Hill. Drillhole MCR-22-005 was designed to follow up on previously announced high grade nickel mineralization intersected in the 101 Footwall (“FW”) Zone in drillhole MCR-22-003 (see news release dated December 12th, 2022). Hole MCR-22-005 intersected mineralization grading 4.0 % Ni, 0.7 % Cu, 0.7 g/t Pt+Pd+Au over 31.1 metres, including two massive sulphide intervals grading 6.5 % Ni, 1.0 % Cu, 0.5 g/t Pt+Pd+Au over 5.0 metres, and 5.7 % Ni, 0.7 % Cu, 0.8 g/t Pt+Pd+Au over 16.1 metres. Diamond drilling for the 2023 drill program at Crean Hill is scheduled to resume January 9, 2023, with 15,000 metres of drilling currently budgeted for the full year.
Highlights:
- Drillhole MCR-22-005, intersected 4.0 % Ni, 0.7 % Cu, 0.7 g/t Pt+Pd+Au over 31.1 metres, Including 6.5 % Ni, 1.0 % Cu, 0.5 g/t Pt+Pd+Au over 5.0 metres, and 5.7 % Ni, 0.7 % Cu, 0.8 g/t Pt+Pd+Au over 16.1 metres in the 101 FW Zone
- The 101 FW Zone represents an area of high grade, massive sulphide mineralization over significant widths that was un-mined by prior operators
- 101 FW Zone mineralization is hosted within an approximately 70 metre wide footwall breccia package which remains open for exploration down-dip and along strike
https://magnamining.com/magna-mining-in ... e-sudbury/
MAGNA MINING INTERSECTS 3.8 % NICKEL, 1.8 % COPPER, & 0.5 G/T PT+PD+AU OVER 10.8 METRES, INCLUDING 6.0 % NICKEL, 0.3 % COPPER, & 0.7 G/T PT+PD+AU OVER 5.8 METRES
SUDBURY, ONTARIO, CANADA, DECEMBER 12, 2022 – Magna Mining Inc. (TSX.V: NICU) (“Magna” or the “Company”) is pleased to announce that first assays have been received from the recent drilling at Crean Hill. Drillhole MCR-22-003 intersected massive sulphide mineralization (see news release dated November 17th, titled “Magna Mining Provides Update on Activities at Crean Hill), grading 6.0 % Ni, 0.3 % Cu, 0.7 g/t Pt+Pd+Au over 5.8 metres. The Company has completed 10 drillholes to date and expects to resume diamond drilling in early January, 2023.
Highlights:
- Drillhole MCR-22-003, intersected 3.8% Nickel, 1.8% Copper, & 0.5 g/t Pt+Pd+Au over 10.8 metres, including 3.2% Ni, 8.3% Cu, & 0.5 g/t Pt+Pd+Au over 1.7 metres, and 6.0% Ni, 0.3% Cu, 0.7 g/t Pt+Pd+Au over 5.8 metres in the 101 FW Zone
- 101 FW Zone mineralization hosted within an approximately 70 metre wide footwall breccia package which remains open for exploration
- 2,022 metres completed to date in 10 drillholes on the Crean Hill property. All drillholes have intersected significant mineralization as expected
https://magnamining.com/magna-mining-in ... -8-metres/
Corporate Presentation (fully diluted 194,272,752 shares - $3.5 million cash so expect a financing with these results)
https://magnamining.com/wp-content/uplo ... 022-v2.pdf
Magma Mining Inc. (NICU-v and MGMNF)
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