Saturday, May 31, 2025

Latest

Magna Mining Hits 6.0% Nickel Over 2.2 Metres

Magna Mining (TSXV: NICU) appears to be running thin on show-stopping nickel intersects at its Crean Hill project, where it is conducting an ongoing drill program. The latest round of results were come from drilling conducted at the 101 Footwall Zone, and the 105 Footwall Zone.

Highlights from the results include:

  • MCR-23-020: 4.3% nickel, 0.4 % copper, 1.7 g/t platinum, palladium and gold over 0.4 metres in the 101 FW Zone
    • and 11.2% nickel, 0.4 % copper, 0.1 g/t platinum, palladium and gold over 0.4 metres in the 101 FW Zone
  • MCR-23-021: 3.17% nickel, 0.51% copper, 1.41 g/t platinum, palladium and gold over 0.4 metres in the 101 FW Zone
  • MCR-23-024: 6.0% nickel, 2.2% copper, 5.8 g/t platinum, palladium and gold over 2.2 metres in the 105 FW Zone
    • and 5.1% nickel, 1.3 % copper, 0.03 g/t platinum, palladium and gold over 0.8 metres in the 101 FW Zone.

“Both the 101 FW and the 105 FW Zones have the potential to produce high grade nickel ore using selective mining methods. Although some of the assay intervals released today are narrow, this style of massive sulphide veins can pinch and swell over relatively short distances, and it is encouraging to see these zones extending beyond the current Mineral Resource models,” commented Dave King, SVP Technical Services.

Drilling at the 101 FW and 105 FW Zones are said to have extended both of zones beyond current models. The 105 FW zone in particular trends into the footwall from the main zone, which historically is the main source of contact for nickel-copper mineralization at Crean Hill.

The 101 FW Zone has previously intersected over 31 metres of 4.0% nickel, 0.7% copper, 0.36 g/t platinum and 0.25 g/t palladium.

Magna Mining last traded at $0.65 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Magna Mining Looks To Raise $16 Million After Positive Drill Results

In a totally unsurprising move, Magna Mining (TSXV: NICU) this morning revealed it is looking...

Tuesday, January 10, 2023, 08:47:17 AM

Magna Mining Continues To Fall As Share Unlock Looms

Magna Mining (TSXV: NICU) is one of the biggest losers on the market over the...

Tuesday, January 17, 2023, 12:44:07 PM

Magna Mining Updates Crean Hill PEA, Reports NPV(8%) Of $135 Million At Current Metal Prices

Magna Mining (TSXV: NICU) has completed an updated preliminary economic assessment for its flagship Crean...

Tuesday, September 17, 2024, 08:56:05 AM

Magna Mining Shares Soar on $9.3 Million Sudbury Asset Acquisition

Magna Mining Inc. (TSXV: NICU) has made a major move to solidify its presence in...

Thursday, September 12, 2024, 12:16:27 PM

Magna Mining Hits 31 Metres Of 4.0% Nickel At Crean Hill

Magna Mining (TSXV: NICU) released its latest assay results from a drill program that began...

Thursday, January 5, 2023, 09:06:01 AM