On October 7, 2024, Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) provided an update on the advanced exploration surface bulk sample at the Crean Hill Project in Sudbury, Ontario. Jeff Huffman, COO of Magna Mining, reported that the surface bulk sample program at the 109 Footwall (“FW”) Zone was successfully completed. The data collected during the program will be used to assess the base case metallurgical performance of the zone. Additional testing is ongoing and will guide future test work.
The surface bulk sample mining began on July 2, 2024, and was processed through the Sudbury Integrated Nickel Operations’ (“Glencore”) Strathcona Mill by September 7, 2024. A total of 20,524 dry tonnes of feed from the 109 FW Zone were processed over a 5-day period, producing concentrate to be further processed through Glencore’s Falconbridge Smelter. The program achieved its objectives of providing sufficient mineralization for steady operation, evaluating recovery performance, sampling material, and reconciling mined tonnes and grades based on the resource model.
In other corporate news, Magna Mining announced the appointment of Scott Gilbert as Chief Financial Officer and Philip Ng as Manager of Engineering. Scott Gilbert brings over 25 years of experience in accounting and mining, previously holding the CFO position at Wesdome Gold Mines Ltd. Philip Ng, with over 30 years of experience in mine engineering, will lead engineering efforts across Magna’s projects.
The technical information in this press release was approved by David King, Senior Vice President of Exploration and Geoscience at Magna Mining Inc., who is a qualified person under Canadian National Instrument 43-101. Magna Mining Inc. is focused on nickel, copper, and PGM projects in Sudbury, Ontario, with flagship assets including the Shakespeare and Crean Hill Mines.
This press release may contain forward-looking statements and readers are advised to not place undue reliance on such statements due to inherent risks and uncertainties. The Company is not obligated to update or revise forward-looking statements except as required by law.
