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Magna Mining Announces Intersection of New Zone of Near Surface Sulphide Mineralization 1000 Metres East of Crean Hill Deposit and Reports New Assay Results from Shakespeare
Sudbury, Ontario--(Newsfile Corp. - February 23, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" ...
About this update from Magna Mining Inc
[{"type":"text","content":"Magna Mining Announces Intersection of New Zone of Near Surface Sulphide Mineralization 1000 Metres East of Crean Hill Deposit and Reports New Assay Results from ShakespeareSudbury, Ontario--(Newsfile Corp. - February 23, 2023) - Magna Mining Inc. (TSXV: NICU) (\"Magna\" or the \"Company\") is pleased to announce that drilling has confirmed a new zone of near surface sulphide mineralization approximately 1000 metres east of the Crean Hill Main Zone (Figure 1). To date, four holes have been completed and have intersected disseminated to locally semi-massive sulphides within a narrow embayment structure at the Sudbury Igneous Complex (\"SIC\") contact (Figure 1). The recent drilling was targeted near historical drill hole LM01800, which intersected 0.58% Cu, 0.72% Ni over 33.2 metres and 0.39% Cu, 0.67% Ni over 20.2 metres starting at 10.3 metres downhole.Historical drill hole LM01800 was drilled beneath a mineralized outcrop at surface and was not previously followed up with subsequent drilling. Magna drill holes MCR-23-014 to MCR-22-17 intersected between 25 and 60 metres of disseminated sulphides, including narrow semi-massive intervals of less than 1 metre. The highest concentration of sulphide mineralization, over 5.2 metres in drillhole MCR-23-014, is shown in Figure 2. This zone remains poorly tested down-dip, with historical drilling on spacings between 75 and more than 150 metres.Dave King, SVP of Magna, stated, \"We are encouraged to intersect near surface mineralization along strike of the known Crean Hill mine ore zones. The widths of mineralization intersected are significant, and if the copper and nickel grades are consistent with the historical drill hole, LM01800, with further definition drilling this zone may potentially be amenable to open pit mining. We expect to have assay results for this initial drilling within four weeks and will report results soon after they are received.\"Figure 1: Denison Surface Geology Showing the Location of the East Embayment.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8002/155881_04d54d8d14fcdb6a_002full.jpgFigure 2: Drill Hole MCR-23-014 Mineralized Interval From 13.8 to 19.0 metres.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8002/155881_04d54d8d14fcdb6a_003full.jpgSHAKESPEARE AS...