Magna Mining Advances Levack Exploration with Notable Mineralization Discovery

• Drillhole MLV-25-014A intersected 2.6% copper, 8.1% nickel, and 17.8 g/t precious metals over 0.6 meters
• Footwall exploration confirms mineralization along structural trend beneath No. 3 orebody toward Morrison Deposit
• Keel Zone drilling returned exceptional grades up to 25.7% copper over narrow intervals
• Underground drilling program planned to more efficiently test priority footwall targets
• Exploration area remains open down-plunge and along strike, indicating potential for additional discoveries

Magna Mining Inc. (TSXV:NICU) (OTCQX:MGNF) is a mining company with a strategic portfolio of copper, nickel, and platinum group metals (PGM) projects concentrated in Ontario’s Sudbury Region. The company’s primary revenue generator is the McCreedy West copper mine, complemented by several past-producing assets including Levack, Podolsky, Shakespeare, and Crean Hill mines. 

The exploration efforts are led by Dave King, Senior Vice President of Exploration and Geoscience, who brings significant expertise to the company’s geological assessment and resource development initiatives. King’s leadership has been instrumental in identifying and pursuing high-potential exploration targets across Magna’s property portfolio. 

Recent Exploration Progress 

Magna has intensified its exploration activities at the Levack Mine, deploying two surface diamond drills to advance multiple objectives simultaneously. One drill focuses on near-surface infill and metallurgical drilling on the No. 1 and No. 2 zones, while a second drill explores the footwall environment beneath the No. 3 nickel-copper orebody and the Morrison copper-nickel-PGM deposit. 

The company’s exploration strategy targets what management believes to be an under-explored structural trend with potential for significant copper-PGE (platinum group elements) discoveries. This systematic approach reflects Magna’s commitment to expanding its resource base through methodical geological investigation rather than speculative drilling. 

The initial exploration drilling has confirmed mineralization along an interpreted structural trend, validating the geological models that guided the target selection. This success has prompted plans to mobilize underground diamond drills, which would provide more efficient access to priority footwall target areas in the coming months. 

Significant Assay Results 

The standout discovery from drillhole MLV-25-014A returned exceptional grades including 2.6% copper, 8.1% nickel, and 17.8 grams per tonne of combined platinum, palladium, and gold over a 0.6-meter interval. While these intersections are narrow, the high-grade nature of the mineralization demonstrates the potential quality of discoveries in this structural trend. 

Additional results from the same hole included 1.7% copper, 0.9% nickel, and 3.3 grams per tonne of precious metals over 2.4 meters, with several other notable intersections. These results suggest the mineralization extends over meaningful intervals, not just isolated high-grade pockets. 

The Keel Zone drilling has also produced impressive results, with intersections reaching 25.1% copper over 0.3 meters in one hole and 25.7% copper over 0.3 meters in another. While these represent narrow massive sulphide veins, they indicate incremental expansions on the margins of the known Keel zone, potentially adding to the overall resource base. 

Economic and Operational Impact 

The discovery of high-grade mineralization in the footwall environment could represent a significant value driver for Magna, particularly given the proximity to existing infrastructure and the Morrison Deposit. The structural trend remains open down-plunge and along strike, suggesting potential for additional discoveries that could extend the economic life of the Levack mine. 

The company’s ability to identify low-sulphide, high precious metal zones adjacent to copper vein systems mirrors successful discoveries elsewhere in the Sudbury camp, such as the McCreedy West PM Deposit. This geological understanding positions Magna to potentially replicate similar economic zones at Levack. 

Management’s decision to transition to underground drilling reflects confidence in the targets and a commitment to more cost-effective exploration methods. Underground drilling typically provides better access to deep targets while reducing surface disturbance and potentially lowering drilling costs per meter. 

The ongoing metallurgical drilling on the No. 1 and No. 2 zones indicates preparations for potential production expansion, suggesting management sees near-term operational opportunities alongside the longer-term exploration upside. 

The planned transition to underground drilling represents the next critical milestone, as it will enable more efficient testing of priority targets and potentially accelerate the pace of discovery. Investors should monitor the results of downhole geophysical surveys and subsequent drilling programs as key indicators of the project’s expanding potential. The company’s systematic approach to exploration, combined with experienced geological leadership, positions Magna to potentially unlock significant value from its Levack asset while maintaining its existing production profile.