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Magna Mining Reports New Assay Results from Crean Hill
Sudbury, Ontario--(Newsfile Corp. - May 18, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or th...
About this update from Magna Mining Inc
[{"type":"text","content":"Magna Mining Reports New Assay Results from Crean HillSudbury, Ontario--(Newsfile Corp. - May 18, 2023) - Magna Mining Inc. (TSXV: NICU) (\"Magna\" or the \"Company\") is pleased to announce additional assays results from the ongoing diamond drilling program at Crean Hill. Results include assays from five drillholes completed on the G1 Zone, a narrow embayment structure at the Sudbury Igneous Complex (\"SIC\") contact, approximately 1000 metres east of the Crean Hill Main Zone (See news release dated February 23, 2023), and one additional drillhole targeting the 109 Footwall (\"109 FW\") Zone.Highlights from the new assay results include:G1 Zone (MCR-23-014): 1.0% Ni, 0.8 % Cu, 0.2 g/t Pt + Pd + Au over 5.2 metres109 FW Zone (MCR-23-019): 0.2% Ni, 0.3 % Cu, 8.0 g/t Pt + Pd + Au over 28.4 metresG1 Zone The G1 Zone exploration drilling was targeted based on historical drillhole LM01800, which was drilled beneath a mineralized outcrop at surface, and was not previously followed up with subsequent drilling. Magna drillholes MCR-23-014 to MCR-22-18 were designed to define the plunge of the mineralization, and intersected a narrow zone of Ni-Cu mineralization from surface to the 65m level. Nickel and copper grades within the G1 zones are generally consistent with SIC contact mineralization at the historically mined Crean Hill deposit, approximately 1000m west of the G1 Zone. The G1 Zone remains open down-plunge. 109 FW Zone Drillhole MCR-23-019 was drilled within the 109 FW Zone to better define the true width of the mineralized breccia. The hole intersected 0.2% Ni, 0.3% Cu, 8.0 g/t Pt + Pd + Au over 28.4 metres, confirming the presence of high grade PGM 's in this section of breccia in the 109 FW Zone. Previously released drillholes in the 109 FW Zone (MCR-22-010 and MCR-23-013) intersected an overall mineralized zone grading 0.4% Ni, 0.5% Cu, 7.2 g/t Pt + Pd + Au over 98.3 metres and 0.2% Ni, 0.6% Cu, and 11.0 g/t Pt + Pd + Au over 95.4 metres, respectively. Both of these holes were drilled down the plunge of the breccia to better understand the distribution and continuity of high grade veins in this area. These results are not incorporated into the current Mineral Resource Estimate. The location of the diamond drilling is illustrated in Figures 1 & 2, and assay results are summarized in Table 1. Dave King, SVP Technical Servic...