Magna Mining Inc (TSX-V:NICU) said it has received additional assay results from its November 2022 drill program at its Crean Hill nickel, copper and platinum group metals mine in Sudbury, Ontario.
The company said drill hole MCR-22-005 was designed to follow up on previously announced high-grade mineralization intersected in the 101 Footwall (FW) Zone in drill hole MCR-22-003.
MCR-22-005 intersected 4% nickel, 0.7% copper, 0.7 grams per ton (g/t) platinum plus palladium plus gold over 31.1 metres (m), including 6.5% nickel, 1% copper, 0.5 g/t platinum plus palladium plus gold over 5m, and 5.7% nickel, 0.7% copper, 0.8 g/t platinum plus palladium plus gold over 16.1m in the 101 FW Zone.
READ: Magna Mining says first drill hole at Crean Hill Mine ‘demonstrates the quality and grade of the resource’
Magna Mining senior vice president David King said the assay results from drill hole MCR-22-005 demonstrated the continuity of high-grade, massive sulphide mineralization within the footwall breccia zone.
“The 2022 drilling has improved our geological understanding of the 101 FW Zone mineralization and these results will enable Magna to effectively explore along strike and down-dip of the known mineralization, as well as explore for additional, similar mineralization within the footwall environment at Crean Hill,” King said.
“Additional assay results are expected over the coming weeks and will be announced shortly thereafter."
The company said its 2023 drill program at Crean Hill is scheduled to resume on January 9, with 15,000m of drilling budgeted for the full year.
Magna Mining is an exploration and development company focused on nickel, copper and platinum group metals projects in the Sudbury region of Ontario, Canada.
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