Magna Mining Reports 17.9% Cu, 0.6% Ni and 28.1 g/t Pt + Pd + Au over 1.8 Metres in the 700 Footwall Copper Zone at McCreedy West Mine
Magna Mining Reports 17.9% Cu, 0.6% Ni and
28.1 g/t Pt + Pd + Au over 1.8 Metres in the 700
Footwall Copper Zone at McCreedy West Mine
Sudbury, Ontario--(Newsfile Corp. - August 6, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX:
MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional drill results from
the McCreedy West mine. The results include high grade copper, nickel and precious metal
intersections from an area located in the footwall, up-dip within the main 700 Cu-PGE Footwall Zone
("700 Zone") and within 150 metres of surface. The reported holes (Table 1) were drilled in support of
production planning and potential production expansion into areas where narrow vein mining methods
could be applied. Mineralization in this area contains high PGE grades hosted in copper and nickel rich
veins. Intersections include
17.9% Cu, 0.6% Ni, 28.1 g/t Pt + Pd + Au over 1.8 metres
in drillhole
MMW-25-119 and
10.5% Cu, 8.3% Ni, 42.6 g/t Pt + Pd + Au over 0.3 metres
in drillhole MMW-25-
133 (Table 1).
Highlights from the new assay results include:
MMW-25-118: 4.9% Cu, 1.0% Ni, 2.9 g/t Pt + Pd + Au over 1.5 metres
And
10.4% Cu, 0.5% Ni, 16.1 g/t Pt + Pd + Au over 0.9
metres
MMW-25-119:
1.5% Cu, 0.4% Ni, 1.3 g/t Pt + Pd + Au over 7.3 metres
And
1.7% Cu, 0.7% Ni, 4.0 g/t Pt + Pd + Au over 10.5
metres
And
17.9% Cu, 0.6% Ni, 28.1g/t Pt + Pd + Au over 1.8
metres
MMW-25-133:
10.5% Cu, 8.3% Ni, 42.6 g/t Pt + Pd + Au over 0.3 metres
Mynyr Hoxha, VP Mines Geology, stated: "The diamond drilling at the McCreedy West mine continues to
yield excellent copper and precious metal grades, and is focused on defining near-term production as
well as expanding the 700 Zone up-dip and to the east and west. The data we are gathering from this
drilling will be instrumental in guiding our development ore headings, optimizing mining stope designs
and maximizing ore grade. These narrow, massive sulphide veins, containing platinum, palladium and
gold, found along the footwall of the 700 Zone can be incorporated into our mine plan and provide an
opportunity for selective mining of high margin ore in 2026. In addition, the new access being developed
on the western side of the 700 Zone will enable diamond drilling access to targets that were previously
inaccessible from existing mine workings. This is an exciting exploration initiative that is anticipated to
commence later this year."
McCreedy West Diamond Drilling
The underground diamond drilling program at the McCreedy West mine is supported by two drills and is
currently focused on definition and expansion drilling in the 700 Zone. Additional diamond drilling assays
received since the
news release
dated June 10, 2025 are summarized in Table 1 and drillhole collar
information is presented in Table 2. At McCreedy West, definition drilling with one drill continues to
support near to mid-term production, with infill drilling designed to facilitate detailed stope design and
optimize production grade. The second drill has begun definition and expansion drilling in areas not
currently considered in the mine plan. Initial drilling on the 590 Level is focused on defining high-grade
mineralization within the footwall side of the 700 Zone (Figures 2 and 3). At McCreedy West, precious
metal grades appear to increase as a function of the distance into the footwall from the SIC contact.
Drilling in this area has intersected massive sulphide veins with high precious metal grades up to 42.6
g/t Pt + Pd + Au over 0.3 meters and 28.1 g/t Pt + Pd + Au over 1.8 meters in drillholes MMW-25-133
and MMW-25-119 respectively. These high-grade Cu-PGE veins have the potential to be developed with
more selective mining methods and could provide a source of high margin ore in 2026. This area
remains open for potential expansion both up-dip and along strike to the east and west. Development on
the 930 Level required to establish new diamond drilling platforms is progressing on schedule and
Magna expects to be drilling on the western side of the 700 Zone (Figure 2) later this year. The western
margin of the known 700 Zone is not well defined and has been identified as a high priority exploration
target. There is potential to expand the 700 Zone mineralization west towards the adjacent past
producing Hardy/Boundary deposit.
Figure 1:
Location of Magna Mining Existing Properties, and Key Sudbury Infrastructure
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8002/261377_36792265d4949b19_002full.jpg
Figure 2: McCreedy West Mine Oblique 3D View Showing the Location of Mineralized Zones
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8002/261377_36792265d4949b19_003full.jpg
Figure 3: McCreedy West Vertical Section Looking East, Showing Selected Narrow Vein
Intersections
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8002/261377_36792265d4949b19_004full.jpg
Table 1: Summary of Drillhole Results from Magna 2025 McCreedy West Drilling
Drillhole
Property
Zone
From
(m)
To
(m)
Length
(m)
Cu
%
Ni
%
Co
%
Pt
g/t
Pd
g/t
Au
g/t
TPM
g/t
NiEq
CuEq
FNX33380
McCreedy
West
700 FW
Cu
9.75
10.36
0.61
2.59
0.09
0.00
1.30
1.16
0.56
3.01
1.98
3.53
And
13.41
22.86
9.45
1.00
0.12
0.00
3.17
1.98
1.87
7.03
1.92
3.41
Including
20.88
22.86
1.98
3.42
0.30
0.00
2.30
3.10
6.69
12.09
4.85
8.63
FNX33391
McCreedy
West
700 FW
Cu
80.31
80.77
0.46
10.75
0.14
0.00
0.30
0.03
0.06
0.39
5.95
10.60
And
86.26
89.92
3.66
2.24
0.65
0.01
0.09
0.09
0.08
0.26
1.81
3.23
And
100.28
103.33
3.05
3.90
0.40
0.00
0.09
0.46
0.04
0.59
2.52
4.49
FNX33392
McCreedy
West
700 FW
Cu
57.61
59.89
2.29
7.21
1.94
0.01
1.07
2.60
0.25
3.92
6.13
10.91
And
64.16
65.23
1.07
3.29
0.12
0.00
0.50
1.27
3.84
5.61
3.26
5.81
MMW-25-
074
McCreedy
West
700 FW
Cu
4.11
4.42
0.30
6.38
2.15
0.01
0.99
4.84
0.46
6.29
6.23
11.08
And
39.93
40.23
0.30
3.18
0.10
0.00
0.56
4.59
0.36
5.51
2.63
4.68
MMW-25-
083
McCreedy
West
700 FW
Cu
80.47
80.77
0.30
3.20
0.05
0.00
0.10
0.15
0.05
0.30
1.81
3.23
And
108.36
108.66
0.30
23.21
0.95
0.01
1.64
4.01
0.46
6.11
14.20
25.28
MMW-25-
085
McCreedy
West
700 FW
Cu
30.78
32.61
1.83
5.65
0.12
0.00
0.25
0.89
0.04
1.18
3.31
5.90
And
40.84
41.15
0.30
3.93
2.45
0.04
0.80
0.53
0.02
1.35
4.43
7.88
MMW-25-
086
McCreedy
West
700 FW
Cu
14.63
17.83
3.20
1.79
0.57
0.01
0.12
0.20
0.01
0.34
1.50
2.68
And
28.65
34.90
6.25
2.44
0.35
0.00
0.13
0.43
0.07
0.63
1.71
3.05
Including
28.65
28.96
0.30
13.19
2.79
0.03
0.50
0.37
0.03
0.90
9.61
17.11
And
40.54
40.84
0.30
3.02
0.81
0.01
0.29
0.28
0.03
0.60
2.41
4.30
MMW-25-
087
McCreedy
West
700 FW
Cu
18.29
18.75
0.46
14.28
1.27
0.03
1.02
2.29
0.14
3.45
9.28
16.51
And
28.65
28.96
0.30
2.72
4.79
0.03
0.57
3.02
0.10
3.69
6.11
10.89
And
33.68
34.29
0.61
11.32
1.01
0.02
0.61
0.30
0.02
0.93
7.08
12.61
And
37.03
37.95
0.91
8.45
1.10
0.02
0.04
0.22
0.34
0.60
5.62
10.01
And
44.50
47.85
3.35
3.12
0.52
0.01
0.23
0.44
0.27
0.94
2.30
4.10
And
52.43
53.04
0.61
11.39
2.07
0.03
1.02
0.50
0.06
1.58
8.14
14.49
And
58.06
58.67
0.61
6.44
2.49
0.03
1.34
0.93
0.04
2.31
5.93
10.56
MMW-25-
088
McCreedy
West
700 FW
Cu
22.10
22.40
0.30
9.87
3.44
0.04
0.94
0.92
0.08
1.94
8.54
15.21
And
25.91
26.21
0.30
15.26
2.39
0.03
0.95
2.72
0.13
3.80
10.81
19.25
Including
78.33
78.64
0.30
1.00
8.79
0.08
2.25
2.95
0.09
5.29
8.87
15.79
And
82.75
83.21
0.46
2.98
3.10
0.02
2.04
1.13
0.03
3.20
4.71
8.39
MMW-25-
089
McCreedy
West
700 FW
Cu
17.37
29.57
12.19
2.61
0.40
0.01
0.12
0.54
0.03
0.68
1.85
3.30
And
28.50
29.57
1.07
15.72
1.19
0.03
0.29
0.80
0.05
1.14
9.65
17.17
MMW-25-
090
McCreedy
West
700 FW
Cu
17.37
17.98
0.61
7.92
5.40
0.05
0.71
0.56
0.04
1.31
9.08
16.17
And
18.29
19.51
1.22
3.69
1.71
0.02
0.35
0.46
0.18
0.98
3.62
6.44
MMW-25-
091
McCreedy
West
700 FW
Cu
21.03
23.01
1.98
5.10
4.48
0.04
0.30
0.08
0.01
0.40
6.64
11.82
MMW-25-
092
McCreedy
West
700 FW
Cu
17.37
18.90
1.52
15.44
2.03
0.02
0.37
0.68
0.05
1.10
10.20
18.16
And
27.28
28.80
1.52
1.86
0.39
0.01
0.11
0.23
0.52
0.86
1.54
2.75
MMW-25-
093
McCreedy
West
700 FW
Cu
41.45
43.89
2.44
1.97
0.16
0.00
0.12
0.21
0.07
0.40
1.27
2.26
MMW-25-
094
McCreedy
West
700 FW
Cu
39.47
42.21
2.74
2.40
0.14
0.00
0.21
0.30
0.26
0.76
1.56
2.78
And
75.44
76.81
1.37
5.19
0.56
0.01
1.51
3.72
0.45
5.68
4.13
7.36
And
80.77
82.30
1.52
1.66
0.61
0.01
0.81
0.37
0.36
1.54
1.68
2.99
And
86.26
90.07
3.81
1.02
0.14
0.00
0.47
0.52
0.11
1.10
0.85
1.51
MMW-25-
095
McCreedy
West
700 FW
Cu
27.74
28.04
0.30
11.10
0.17
0.00
0.96
1.15
0.15
2.26
6.44
11.46
MMW-25-
096
McCreedy
West
700 FW
Cu
Assays Pending
MMW-25-
097
McCreedy
West
700 FW
Cu
48.77
53.34
4.57
14.46
0.49
0.01
0.42
1.95
0.21
2.59
8.58
15.28
Including
48.77
50.60
1.83
28.26
0.38
0.01
0.70
3.32
0.17
4.18
16.11
28.69
MMW-25-
098
McCreedy
West
700 FW
Cu
39.17
39.62
0.46
24.25
0.66
0.02
0.76
1.49
0.05
2.30
13.91
24.77
MMW-25-
099
McCreedy
West
700 FW
Cu
50.44
60.20
9.75
4.26
0.48
0.00
0.66
0.48
0.37
1.50
2.97
5.29
Including
51.66
51.97
0.30
26.23
0.12
0.00
0.46
0.52
0.56
1.54
14.48
25.78
And
53.64
55.02
1.37
20.48
0.30
0.01
0.72
2.33
0.15
3.19
11.72
20.87
MMW-25-
100
McCreedy
West
700 FW
Cu
40.08
46.18
6.10
7.99
0.52
0.01
0.27
0.87
0.11
1.25
4.93
8.78
Including
40.08
41.15
1.07
27.78
0.33
0.02
0.73
2.32
0.26
3.31
15.71
27.97
And
64.01
64.62
0.61
5.44
0.05
0.00
0.44
0.24
0.24
0.92
3.13
5.57
MMW-25-
101
McCreedy
West
700 FW
Cu
26.67
27.89
1.22
7.53
4.49
0.05
0.78
0.77
0.05
1.60
8.15
14.51
And
61.57
61.87
0.30
8.05
0.70
0.00
0.01
0.01
0.05
0.07
4.94
8.79
And
66.45
66.75
0.30
23.30
4.11
0.02
0.11
0.03
0.07
0.21
16.05
28.57
MMW-25-
102
McCreedy
West
700 FW
Cu
16.92
17.53
0.61
12.24
0.18
0.01
0.72
0.68
0.02
1.42
6.93
12.34
And
53.95
54.25
0.30
21.69
0.09
0.00
0.41
1.85
0.15
2.41
12.08
21.50
And
59.44
62.64
3.20
2.82
0.10
0.00
0.14
0.56
0.04
0.74
1.71
3.04
MMW-25-
103
McCreedy
West
700 FW
Cu
14.17
15.24
1.07
7.05
0.80
0.01
0.69
1.10
0.05
1.83
4.74
8.44
And
46.94
57.45
10.52
3.79
0.20
0.00
0.18
0.47
0.10
0.75
2.33
4.14
Including
46.94
47.55
0.61
17.69
0.10
0.01
0.39
1.70
0.37
2.45
9.98
17.77
And
71.48
71.78
0.30
9.24
0.04
0.00
0.36
1.10
0.06
1.52
5.21
9.28
MMW-25-
104
McCreedy
West
700 FW
Cu
64.47
64.77
0.30
3.04
2.19
0.01
0.16
0.59
0.08
0.83
3.63
6.46
And
96.01
97.84
1.83
2.04
0.20
0.00
0.37
0.94
0.31
1.62
1.55
2.75
MMW-25-
105
McCreedy
West
700 FW
Cu
32.92
34.44
1.52
2.61
0.38
0.00
0.07
0.17
0.04
0.27
1.77
3.14
And
61.57
62.03
0.46
2.42
1.92
0.03
0.40
0.36
0.13
0.89
3.11
5.54
And
69.34
69.80
0.46
27.66
0.06
0.01
1.26
9.17
0.11
10.54
16.41
29.22
And
139.45
141.88
2.44
1.48
0.46
0.00
3.32
4.27
1.14
8.74
2.60
4.63
MMW-25-
106
McCreedy
West
700 FW
Cu
70.10
71.93
1.83
4.19
0.22
0.00
0.46
1.82
0.09
2.37
2.79
4.97
And
86.11
86.72
0.61
4.98
0.11
0.00
0.78
4.16
0.44
5.38
3.60
6.40
And
116.43
121.46
5.03
1.17
0.49
0.01
1.18
1.30
0.50
2.98
1.55
2.76
Including
121.01
121.46
0.46
4.03
3.59
0.04
4.84
4.85
1.61
11.30
7.10
12.64
MMW-25-
107
McCreedy
West
700 FW
Cu
65.07
68.58
3.51
1.79
0.08
0.00
0.46
0.48
0.12
1.06
1.20
2.14
And
81.84
82.14
0.30
1.38
2.65
0.01
0.67
4.79
0.39
5.85
3.90
6.94
And
124.05
124.36
0.30
0.86
0.36
0.00
7.34
6.45
1.20
14.99
3.06
5.44
MMW-25-
108
McCreedy
West
700 FW
Cu
80.62
82.30
1.68
2.31
0.10
0.00
0.69
1.10
0.23
2.03
1.65
2.93
And
100.43
107.14
6.71
1.20
0.14
0.00
2.01
1.81
0.41
4.23
1.42
2.53
Including
103.78
105.00
1.22
4.15
0.27
0.00
4.67
4.84
1.30
10.81
4.18
7.45
And
117.65
121.62
3.96
0.47
0.06
0.00
1.93
1.51
0.54
3.98
0.95
1.69
MMW-25-
109
McCreedy
West
700 FW
Cu
55.32
55.78
0.46
24.59
2.09
0.04
1.15
1.38
0.04
2.57
15.38
27.39
And
75.13
75.74
0.61
16.19
1.01
0.01
0.63
2.87
0.87
4.37
10.30
18.35
MMW-25-
110
McCreedy
West
700 FW
Cu
66.14
66.45
0.30
17.40
1.41
0.02
2.16
5.49
0.24
7.89
11.71
20.86
MMW-25-
111
McCreedy
West
700 FW
Cu
57.45
57.76
0.30
8.52
1.07
0.00
1.07
2.74
0.17
3.98
6.07
10.81
And
62.79
65.23
2.44
1.56
0.22
0.00
0.31
0.46
0.14
0.91
1.18
2.11
And
77.57
79.25
1.68
1.40
0.15
0.00
0.24
0.59
0.03
0.85
1.01
1.79
And
93.88
95.10
1.22
1.90
0.85
0.00
0.64
1.27
0.21
2.12
2.07
3.69
MMW-25-
112
McCreedy
West
700 FW
Cu
79.25
81.53
2.29
1.43
0.60
0.00
0.13
0.27
0.08
0.48
1.36
2.43
And
85.95
86.72
0.76
14.44
0.12
0.00
0.76
3.02
0.51
4.28
8.54
15.20
And
109.12
109.73
0.61
23.20
2.15
0.01
2.48
9.98
2.57
15.03
16.81
29.93
MMW-25-
113
McCreedy
West
700 FW
Cu
48.01
48.31
0.30
0.93
20.30
0.20
0.23
3.37
0.03
3.63
18.51
32.96
And
63.09
64.31
1.22
6.35
0.76
0.00
0.45
1.38
0.13
1.95
4.35
7.75
And
95.71
97.38
1.68
5.53
2.39
0.01
1.95
3.32
2.25
7.51
6.42
11.43
MMW-25-
114
McCreedy
West
700 FW
Cu
91.14
99.67
8.53
2.83
0.47
0.00
0.64
0.75
0.20
1.59
2.18
3.87
Including
91.14
92.35
1.22
11.23
1.88
0.01
2.35
3.21
0.28
5.84
8.50
15.13
MMW-25-
115
McCreedy
West
700 FW
Cu
No Significant Assays
MMW-25-
117
McCreedy
West
700 FW
Cu
77.27
77.72
0.46
2.03
0.05
0.00
0.72
0.51
2.21
3.44
1.97
3.50
MMW-25-
118
McCreedy
West
700 FW
Cu
50.14
51.66
1.52
4.87
1.01
0.00
0.50
2.13
0.27
2.90
3.93
6.99
And
84.73
85.65
0.91
10.39
0.49
0.02
4.16
8.40
3.58
16.14
8.85
15.76
MMW-25-
119
McCreedy
West
700 FW
Cu
69.65
76.96
7.32
1.45
0.36
0.00
0.23
0.38
0.69
1.30
1.38
2.46
And
96.16
106.68
10.52
1.70
0.68
0.00
1.17
1.53
1.30
4.00
2.26
4.02
And
137.77
138.23
0.46
7.46
0.84
0.01
6.76
5.38
1.08
13.22
6.74
12.01
And
147.07
148.89
1.83
17.86
0.56
0.01
13.81
14.01
0.28
28.10
14.05
25.02
Including
147.37
148.29
0.91
29.50
0.69
0.01
21.97
22.74
0.36
45.07
22.81
40.61
MMW-25-
120
McCreedy
West
700 FW
Cu
44.96
45.57
0.61
9.85
0.13
0.01
0.70
2.14
0.81
3.65
6.05
10.77
And
69.80
70.56
0.76
9.32
4.55
0.06
0.99
1.19
0.48
2.66
9.39
16.71
MMW-25-
121
McCreedy
West
700 FW
Cu
81.08
81.38
0.30
29.80
2.97
0.02
4.27
24.49
0.82
29.58
22.87
40.71
And
112.47
113.69
1.22
2.41
0.88
0.01
2.63
2.69
1.24
6.56
3.17
5.64
MMW-25-
127
McCreedy
West
700 FW
Cu
58.83
65.99
7.16
1.91
0.41
0.00
0.27
0.64
0.25
1.17
1.58
2.82
Including
65.53
65.99
0.46
13.74
0.83
0.01
1.79
4.43
1.51
7.73
9.41
16.76
And
108.66
110.49
1.83
0.57
0.36
0.00
3.18
2.40
0.41
5.99
1.52
2.70
And
119.79
120.40
0.61
2.48
1.08
0.01
8.75
9.63
10.22
28.60
7.88
14.03
MMW-25-
132
McCreedy
West
700 FW
Cu
17.68
18.14
0.46
1.48
0.64
0.00
0.20
0.19
0.02
0.41
1.40
2.50
MMW-25-
133
McCreedy
West
700 FW
Cu
88.85
89.46
0.61
8.26
0.06
0.00
0.39
0.52
2.05
2.96
5.22
9.29
And
136.40
136.70
0.30
10.47
8.28
0.02
12.67
10.70
19.19
42.56
21.67
38.58
And
145.08
145.39
0.30
7.23
0.16
0.00
3.85
7.05
0.50
11.40
5.70
10.15
Important Notes to Table 1:
All lengths are downhole length. True widths are uncertain at this time.
Ni Eq % = (Ni% x 85% Recovery x 2204 x Ni Price $/lb) + (Cu% x 96% Recovery x 2204 x Cu Price $/lb) + (Co% x 56% Recovery x 2204 x Co
Price $/lb) + (Pt gpt x 69% Recovery / 31.1035 x Pt $/oz) +(Pd gpt x 68% Recovery / 31.1035 x Pd $/oz) + (Au gpt x 68% Recovery / 31.1035 x Au
$/oz))/2204 x Ni $/lb.
Cu Eq % = (Ni% x 85% Recovery
x 2204 x Ni Price $/lb) + (Cu% x 96% Recovery x 2204 x Cu Price $/lb) + (Co% x 56% Recovery x 2204 x Co
Price $/lb) + (Pt gpt x 69% Recovery / 31.1035 x Pt $/oz) +(Pd gpt x 68% Recovery / 31.1035 x Pd $/oz) + (Au gpt x 68% Recovery / 31.1035 x Au
$/oz))/2204 x Cui $/lb.
Metal prices in US$: $7.30/lb Ni, $4.10/lb Cu, $15.00/lb Co, $1,000/oz Pt, $1,050/oz Pd and $2,200/oz Au.
Table 2:
Drillhole Collar Coordinates
BHID
Easting
Northing
Elevation
Azimuth
Dip
Depth(m)
FNX33380
469768
5164997
38.8
26.5
-14.0
36.6
FNX33391
469777
5164856
58.1
320.0
12.0
106.7
FNX33392
469777
5164857
57.9
340.0
7.0
112.8
MMW-25-074
462766
5329000
-3617.8
26.5
11.0
48.8
MMW-25-083
462859
5328896
-3599.4
356.0
18.0
110.3
MMW-25-085
462941
5328854
-3656.2
265.0
-12.0
48.8
MMW-25-086
462941
5328854
-3656.4
279.0
-18.0
54.9
MMW-25-087
462940
5328854
-3656.4
291.0
-20.0
70.1
MMW-25-088
462940
5328854
-3656.9
291.0
-29.0
85.3
MMW-25-089
462940
5328854
-3656.7
302.0
-24.0
39.6
MMW-25-090
462939
5328854
-3657.0
312.5
-27.0
36.6
MMW-25-091
462938
5328855
-3656.3
321.0
-17.0
30.5
MMW-25-092
462938
5328855
-3657.2
321.0
-29.0
34.9
MMW-25-093
462859
5328896
-3600.4
4.0
-10.0
76.2
MMW-25-094
462859
5328896
-3600.6
4.0
-16.0
91.4
MMW-25-095
462859
5328896
-3600.2
19.0
-2.0
67.1
MMW-25-096
462859
5328896
-3600.4
19.0
-7.0
77.1
MMW-25-097
462859
5328896
-3600.6
19.0
-14.0
61.0
MMW-25-098
462859
5328896
-3601.0
19.0
-29.0
54.9
MMW-25-099
462859
5328897
-3600.7
34.0
-14.0
61.0
MMW-25-100
462859
5328897
-3601.1
34.0
-26.0
94.5
MMW-25-101
462859
5328897
-3600.1
45.0
3.0
85.3
MMW-25-102
462859
5328897
-3600.7
45.0
-13.0
94.5
MMW-25-103
462859
5328897
-3601.2
45.0
-24.0
85.3
MMW-25-104
462871
5329120
-3588.8
332.0
-10.0
140.2
MMW-25-105
462871
5329120
-3589.1
332.0
-25.0
149.4
MMW-25-106
462871
5329120
-3589.5
332.0
-33.0
143.3
MMW-25-107
462871
5329120
-3590.0
332.0
-43.0
131.1
MMW-25-108
462871
5329120
-3590.4
332.0
-55.0
128.0
MMW-25-109
462737
5328982
-3493.3
302.0
-16.0
95.7
MMW-25-110
462737
5328982
-3493.7
302.0
-25.0
97.5
MMW-25-111
462737
5328982
-3494.3
302.0
-34.0
95.1
MMW-25-112
462738
5328982
-3492.9
310.0
-10.0
109.7
MMW-25-113
462738
5328982
-3493.6
310.0
-26.0
100.6
MMW-25-114
462738
5328983
-3492.8
320.0
-8.0
109.7
MMW-25-115
462738
5328983
-3493.2
320.0
-60.0
43.6
MMW-25-117
462738
5328983
-3493.3
339.0
-22.0
79.2
MMW-25-118
462738
5328983
-3494.1
339.0
-47.0
93.0
MMW-25-119
462738
5328984
-3492.5
347.0
-2.0
152.4
MMW-25-120
462871
5329121
-3589.3
341.0
-31.0
146.3
MMW-25-121
462871
5329121
-3590.4
341.0
-51.0
125.0
MMW-25-127
462871
5329123
-3589.7
360.0
-62.0
128.0
MMW-25-132
462744
5329004
-3491.5
356.0
-6.0
115.8
MMW-25-133
462744
5329004
-3491.9
356.0
-17.0
170.7
*Drillhole Coordinates are in Coordinate System NAD 83 Zone 17
Qualified Person for Technical Information
The scientific and technical information in this press release has been reviewed and approved by David
King, M.Sc., P.Geo. Mr. King is the Senior Vice President, Exploration and Geoscience for the
Company and is a qualified person under National Instrument 43-101.
Quality Assurance and Control
Sample QA/QC procedures for Magna have been designed to meet or exceed industry standards. Drill
core is collected from the diamond drill and placed in sealed core trays for transport to Magna's core
facilities. Levack drilling utilizes NQ sized core and McCreedy West utilizes BQTK sized core. The core
is then logged and samples marked in intervals of up to 1.5m. Levack drill core is split and sampled ½
core, and McCreedy west is whole core sampled. Samples are then put into plastic bags with 10
bagged samples being placed into rice bags for transport to SGS Laboratories in Garson, Ontario for
preparation, which are then shipped to Lakefield, Ontario for analysis.
Samples are submitted in batches
of 50 with 4 QA/QC samples including, 2 certified reference material standards and 2 samples of blank
material.
Cautionary Statement on Forward-Looking Statements
All statements, other than statements of historical fact, contained or incorporated by reference in this
press release constitute "forward-looking statements" and "forward-looking information" (collectively,
"forward-looking statements") within the meaning of applicable securities laws. Generally, these forward-
looking statements can be identified by the use of forward-looking terminology, such as "may", "might",
"potential", "expect", "anticipate", "estimate", "believe", "could", "should", "would", "will", "continue",
"intend", "plan", "forecast", "prospective", "appear" or other similar words or phrases or variations
thereof. Forward-looking statements are necessarily based upon a number of assumptions that, while
considered reasonable by management, are inherently subject to business, market, economic, technical
and other risks, uncertainties and contingencies that may cause actual results, performance or
achievements to be materially different from those expressed or implied by forward-looking statements,
including risks relating to the failure to add, delineate or discover additional mineralization, resources or
reserves at the McCreedy West mine, the failure to have accurately estimated the actual resources or
reserves at the McCreedy West mine that the Company produces copper, nickel, platinum-group or
precious metals from, the failure to successfully execute narrow vein mining techniques with a view to
economically extracting estimated mineralization, resources or reserves, unanticipated delays in the
implementation of drilling programs, delays in the receipt of assay results, unanticipated delays in
additional development at the McCreedy West mine and other risks disclosed in the Company's most
recent annual management discussion and analysis, available on the SEDAR+ website (at:
www.sedarplus.ca
). Although the Company has attempted to identify important risks, uncertainties,
contingencies and factors that could cause actual results to differ materially from those expressed or
implied in forward-looking statements, there can be no certainty or assurance that the Company has
accurately or adequately captured, accounted for or disclosed all such risks, uncertainties, contingencies
or factors. Readers should place no reliance on forward-looking statements as actual results,
performance or achievements may be materially different from those expressed or implied by such
statements. Resource exploration and development, and mining operations, are highly speculative,
characterized by several significant risks, which even a combination of careful evaluation, experience
and knowledge will not eliminate. Forward-looking statements speak only as of the date they are made.
The Company does not undertake to update any forward-looking statements, whether as a result of new
information or future events or otherwise, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press
release.
About Magna Mining Inc.
Magna Mining is a producing mining company with a portfolio of copper, nickel and PGM operating,
exploration and development projects in the Sudbury Region of Ontario, Canada. The Company's
primary assets are the producing McCreedy West copper mine and the past producing Levack, Crean
Hill, Podolsky, and Shakespeare mines. Additional information about the Company is available on
SEDAR (
www.sedarplus.ca
) and on the Company's website (
www.magnamining.com
).
For further information, please contact:
Jason Jessup
Chief Executive Officer
or
Paul Fowler, CFA
Senior Vice President
705-482-9667
Email:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/261377