Magna Mining Inc. [NICU-TSXV] reported additional assay results from the continuing 2023 diamond drilling program at Crean Hill, Ontario. Drilling continues to intersect high-grade nickel mineralization in the 101 footwall zone and in a footwall zone between the 101 and 109 FW zones, referred to as the 105 FW zone, which intersected 6.0% nickel, 2.2% copper and 5.8 g/t platinum-palladium-gold over 2.2 metres.
Highlights from the new assay results include the 105 FW zone where drill hole MCR-23-024 returned 6.0% Ni, 2.2% Cu, 5.8 g/t platinum-palladium-gold over 2.2 metres.
At the 101 FW zone, MCR-23-020 returned 4.3% Ni, 0.4% Cu, 1.7 g/t platinum-palladium-gold over 0.4 metres and 11.2% Ni, 0.4% Cu, 0.1 g/t platinum-palladium-gold over 0.4 metres.
MCR-23-024 returned 5.1% Ni, 1.3% Cu, 0.03 g/t platinum-palladium-gold over 0.8 metres.
Dave King, senior vice-president of technical services, stated: “Diamond drilling is ongoing at Crean Hill, where two drill rigs remain active. The assays released today include results from our initial drilling within the 105 FW zone, which is a high tenor nickel zone similar to the 101 FW zone and hosted within a footwall breccia structure trending southwest from the Main Contact zone. Both the 101 FW and the 105 FW zones have the potential to produce high grade nickel ore using selective mining methods. Although some of the assay intervals released today are narrow, this style of massive sulphide veins can pinch and swell over relatively short distances, and it is encouraging to see these zones extending beyond the current Mineral Resource models. Diamond drilling is ongoing in these areas, and we look forward to providing additional assay results as they are received.”
Diamond drill hole assay results released today are from the 101 FW, 105 FW and 9400 FW zones, and were designed to extend known mineralized zones beyond the current mineral resource models. Drill hole MCR-23-023 targeted the 9400 FW zone, southwest of the known mineralization and intersected high-grade Pt+Pd+Au, low sulphide mineralization approximately 30 metres southwest of the current Mineral Resource.
Drill holes MCR-23-020, MCR-23-021 and MCR-23-024 were designed to test both the 105 FW zone and the 101 FW zone. The 105 FW zone is similar to the 101 FW zone, and consists of high nickel tenor, semi massive to massive sulphide veins hosted within a breccia structure extending into the footwall from the Sudbury Igneous Complex (SIC). The footwall breccias are commonly associated with the mafic volcanic and metasediment contacts and can provide a structural corridor for sulphide mineralization to extend into the footwall environment of the SIC.
Drilling to date has demonstrated good continuity of sulphide veins within the current mineral resource, and recent drilling has extended both of these zones beyond where they are currently modelled. The 105 FW zone, trends into the footwall from the Main zone, which was historically the main source of contact Ni-Cu mineralization at Crean Hill. The 105 FW zone has historically been defined to the 1,500-foot level, and remains a significant Mineral Resource with historical mining on only a few levels.
Magna Mining is an exploration and development company focused on nickel, copper and 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 major permits for the construction of a 4,500 tonne per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180 km2 prospective land package. Crean Hill is a past producing nickel, copper and PGM mine with a technical report dated August 2022.
