| Announcement Date: | 2023-01-09 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Magna Mining Inc. |
| Project name: | Crean Hill |
| Location: | Canada |
| Commodities: | Gold,Palladium,Platinum,Copper,Nickel,Cobalt |
| Highlight: | Drilling results incl. 98.26m at 0.39% Ni, 0.49% Cu, 100.00ppm Co, 3.36g/t Pt, 2.28g/t Pd, 1.59g/t Au from 26.55m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Sudbury, Ontario–(Newsfile Corp. – January 9, 2023) – Magna Mining Inc. (TSXV: NICU) (“Magna” or the “Company”) is pleased to announce the first assays received from drilling on the 109 Footwall (“FW”) Zone at the Crean Hill Mine (“Crean Hill”). Drillhole MCR-22-010 was targeted within the near surface 109 FW Zone Mineral Resource and intersected mineralization grading 0.4 % Ni, 0.5 % Cu, 7.2 g/t Pt+Pd+Au over 98.3 metres, including higher grade intervals grading 0.8 % Ni, 0.8 % Cu, 12.7 g/t Pt+Pd+Au over 44.0 metres, including 3.7 % Ni, 2.8 % Cu, 20.2 g/t Pt+Pd+Au over 7.1 metres. The 109 FW Zone at Crean Hill is another distinct footwall zone, located proximal to the Main Zone. |
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