Magna Mining reports nickel assay results from Crean Hill

Drillhole MCR-22-005 was designed to follow up on previously announced high grade nickel mineralisation intersected in the 101 Footwall (FW) Zone in drillhole MCR-22-003. Hole MCR-22-005 intersected mineralisation grading 4.0% Ni, 0.7% Cu, 0.7 g/t Pt+Pd+Au over 31.1 m, including two massive sulfide intervals grading 6.5% Ni, 1.0% Cu, 0.5 g/t Pt+Pd+Au over 5.0 m, and 5.7% Ni, 0.7% Cu, 0.8 g/t Pt+Pd+Au over 16.1 m. Diamond drilling for the 2023 drill programme at Crean Hill is scheduled to resume 9 January 2023, with 15 000 m of drilling currently budgeted for the full year.

Highlights:

• Drillhole MCR-22-005, intersected 4.0 % Ni, 0.7 % Cu, 0.7 g/t Pt+Pd+Au over 31.1 m, including 6.5 % Ni, 1.0 % Cu, 0.5 g/t Pt+Pd+Au over 5.0 m, and 5.7 % Ni, 0.7 % Cu, 0.8 g/t Pt+Pd+Au over 16.1 m in the 101 FW Zone.
• The 101 FW Zone represents an area of high grade, massive sulfide mineralisation over significant widths that was un-mined by prior operators.
• 101 FW Zone mineralisation is hosted within an approximately 70 m wide footwall breccia package which remains open for exploration down-dip and along strike.

David King, Senior Vice President for Magna, comments:

“We are excited to announce additional assay results from our current drilling at Crean Hill. These assay results from drillhole MCR-22-005 are the second set of assay results received from the 101 FW Zone, and they demonstrate the continuity of high grade, massive sulfide mineralisation within the footwall breccia zone. The 2022 drilling has improved our geological understanding of the 101 FW Zone mineralisation and these results will enable Magna to effectively explore along strike and down-dip of the known mineralisation, as well as explore for additional, similar mineralisation within the footwall environment at Crean Hill. Additional assay results are expected over the coming weeks and will be announced shortly thereafter.”

Read the article online at: https://www.globalminingreview.com/mining/06012023/magna-mining-reports-nickel-assay-results-from-crean-hill/