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Magna Mining Announces New Assay Results from 2022 Diamond Drilling at Crean Hill
Further High-Grade Intercepts Reported from 101 Footwall and Intermediate Zones Sudbury, Ontario...
About this update from Magna Mining Inc
[{"type":"text","content":"Magna Mining Announces New Assay Results from 2022 Diamond Drilling at Crean HillFurther High-Grade Intercepts Reported from 101 Footwall and Intermediate ZonesSudbury, Ontario--(Newsfile Corp. - March 2, 2023) - 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 metres1.1% Ni, 5.7% Cu, 2.2 g/t Pt+Pd+Au over 4.4 metres2.4% Ni, 2.7% Cu, 2.8 g/t Pt+Pd+Au over 4.7 metresIntermediate Zone (MCR-22-008) 1.2% Ni, 0.8 %Cu, 1.4 g/t Pt+Pd+Au over 17.3 metres3.1% Ni, 0.6% Cu, 0.6 g/t Pt+Pd+Au over 3.7 metresIntermediate Zone (MCR-22-009)1.1% Ni, 0.7 %Cu, 1.2 g/t Pt+Pd+Au over 27.0 metresJason Jessup, CEO of Magna stated, \"The assay results reported today are impressive and ongoing drilling continues to allow our team to gain a better understanding of the style and continuity of near surface mineralization in both the Intermediate and 101 FW Zones. The 2022 drilling results have provided valuable information that will inform the Preliminary Economic Assessment that is currently underway. The close proximity of these zones to surface could make them amenable to both open pit mining and more selective, ramp accessible underground mining methods. It is exciting to have such a prospective, significant mining project in one of the premiere nickel mining districts in the world.\"Drilling results have continued to enhance Magna's understanding of the near surface Intermediate and 101 FW Zones of the Crean Hill deposit, both along strike and down-dip of historical mining areas. Of particular significance are the deeper mineralized intervals in drillhole MCR-22-004 with increased copper and precious metal values indicating these grades are increasing down-dip of the historical mining. Typical footwall zones in the Sudbury Basin commonly show an increase in these metal grades further into the ...