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Magna Mining Intersects 29.2% Cu, 0.9% Ni, 53.0 g/t Pt + Pd + Au Over 1.0 Metre, 140 Metres Downdip of Previous Intersection Below the No. 3 Zone at the Levack Mine in Sudbury, Ontario
Sudbury, Ontario--(Newsfile Corp. - August 28, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGM...
About this update from Magna Mining Inc
[{"type":"text","content":"Magna Mining Intersects 29.2% Cu, 0.9% Ni, 53.0 g/t Pt + Pd + Au Over 1.0 Metre, 140 Metres Downdip of Previous Intersection Below the No. 3 Zone at the Levack Mine in Sudbury, OntarioSudbury, Ontario--(Newsfile Corp. - August 28, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (\"Magna\" or the \"Company\") is pleased to provide an update on exploration activities and assay results from ongoing exploration at the past-producing Levack Mine, located in the North Range of the Sudbury Basin, northeastern Ontario, Canada (Figure 1). Drillhole FNX6083-W1 was drilled to test an area 140 metres below drill hole MLV-25-14A (see news release dated July 9, 2025) which intersected 2.6% copper, 8.1% nickel and 17.8 g/t platinum + palladium + gold over 0.6 metres. Drillhole FNX6083-W1 intersected multiple mineralized intervals ranging from veinlets of copper rich chalcopyrite and bornite, to more than 1 metre of massive chalcopyrite. Magna is referring to this target area in the footwall of the No. 3 Zone as the Rob's 2 (\"R2\") target. Highlights from the new assay results include:FNX6083-W1 12.8% Cu, 0.6% Ni, 31.8 g/t Pt+Pd+Au over 2.6 metres Including 29.2% Cu, 0.9% Ni, 53.0 g/t Pt+Pd+Au over 1.0 metresAnd 25.5% Cu, 1.8% Ni, 26.3 g/t Pt+Pd+Au over 0.5 metresDave King, SVP Exploration and Geoscience stated, \"Prior to acquiring the Levack Mine in Q1 of this year, we believed there remained the potential to discover another significant, high-grade copper, nickel and precious metal deposit in the footwall environment of the property. The drilling results announced in July from drillhole MLV-25-14A, combined with those released today which includes a subinterval of 29.2% copper and 29.9 g/t gold, along with 15.8 g/t palladium, 7.3 g/t platinum and 0.9% nickel over 1.0 metre, are encouraging and appear to confirm our belief that the prospective exploration environment at Levack remains under-explored. There are notable similarities in the geology and vein mineralogy intersected in our recent drilling with the upper levels of the Morrison Footwall Cu-PGE Deposit. We will continue to leverage our experience in the discovery and understanding of the geological controls within the Morrison Deposit to further advance the R2 exploration target. We are looking forward to providing additional assay results as we continue to define th...