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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--(Newsfile Corp. - December 12, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" ...
About this update from Magna Mining Inc
[{"type":"text","content":"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 MetresSudbury, Ontario--(Newsfile Corp. - December 12, 2022) - Magna Mining Inc. (TSXV: 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 Zone101 FW Zone mineralization hosted within an approximately 70 metre wide footwall breccia package which remains open for exploration2,022 metres completed to date in 10 drillholes on the Crean Hill property. All drillholes have intersected significant mineralization as expectedJason Jessup, Chief Executive Officer for Magna, commented, \"We are excited to announce initial assay results from our current drilling at Crean Hill. Drillhole MCR-22-003 was our first drillhole testing the 101 FW Zone mineralization, and demonstrates the quality and grade of the resources remaining at Crean Hill. Additional assay results are expected in early January and will be announced shortly thereafter.\"The initial drilling program consisted of 10 drillholes, totaling 2022 metres, and was targeting areas that will be considered for advanced exploration and potential bulk sampling within the current Mineral Resources (Figures 1 and 2). Assay results received to date are summarized in Table 1. Four drillholes, MCR-22-003 to MCR-22-006, targeted the 101 zone below historical mining. This area was not a focus of previous Lonmin Canada Inc. (\"Loncan\") drilling as it is not considered a low-sulphide, high PGE system. The 101 FW Zone consists of disseminated to locally massive sulphide, hosted within a footwall breccia system, extending southwest into the footwall of the Intermediate Zone (Figure 3...