Magna Mining (TSXV: NICU) has released additional assays from its ongoing 2023 diamond drilling programme at Crean Hill in Ontario, Canda. The best intersection in the 105 Footwall (FW) zone was 4.2% Ni, 0.9 % Cu, 1.4g/t platinum-palladium-gold (Pt + Pd + Au) over 7.0m.
“The 105 FW zone is similar to the 101 FW zone, and consists of high nickel tenor, semi massive to massive sulphide veins hosted within a breccia structure extending into the footwall from the Sudbury Igneous Complex,” commented SVP technical services’, Dave King.
“We are encouraged to see high grade PGE [platinum group element] mineralization at the 1500 level, down-plunge of the defined 109 FW zone, where these two structures are interpreted to intersect, indicating this style of mineralization may continue to depth.”
Highlights included:
- MCR-23-040: 4.2% Ni, 0.9 % Cu, and 1.4g/t Pt + Pd + Au over 7.0m
- MCR-12-046: 0.2% Ni, 1.2% Cu, and 6.3g/t Pt + Pd + Au over 5.2m and 2.7% Ni, 1.5% Cu, 1.1g/t Pt + Pd + Au over 0.9m
- MRC-23-050: 1.1% Ni, 0.6% Cu, and 4.3g/t Pt + Pd + Au over 8.8m and 0.6% Ni, 3.5% Cu, and 10.1g/t Pt + Pd + Au over 1.1m
The 105 FW diamond drilling to date has been focused on expanding the current indicated mineral resource, with the objective of better understanding the geologic controls on mineralization and grade continuity. Two high-grade intersections in drillhole MCR-23-040 are related to the 109 FW zone. These are outside of the current 109 FW resource and have potential to add near surface resource, which could be amenable to more selective mining methods.
Additional exploration assay results released are from the G1 and G2 contact exploration targets, as well as the remaining assays from the near surface drilling on the 109 FW zone. Diamond drilling is ongoing at Crean Hill, with one diamond drill currently focused on deep footwall exploration.
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