Magna Mining drills 1 m of 29.2% Cu at Levack mine
Executive Summary
- Magna Mining announced high‑grade intercepts from drill hole FNX6083‑W1 at the Levack mine, including up to 29.2% Cu, 0.9% Ni and 53.0 g/t Pt+Pd+Au over 1.0 m.
- The results confirm the company’s geological model linking the footwall “Rob’s 2 (R2)” target to the mineralisation style of the nearby Morrison Footwall Cu‑PGE deposit.
- Magna plans to ramp up underground drilling at Levack throughout the year, with two additional diamond drills mobilising soon.
Key Details
- Drill hole FNX6083‑W1 results (down‑dip 140 m from previous hole MLV‑25‑14A):
- 12.8 % Cu, 0.6 % Ni, 31.8 g/t Pt+Pd+Au over 2.6 m
- 29.2 % Cu, 0.9 % Ni, 53.0 g/t Pt+Pd+Au over 1.0 m
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25.5 % Cu, 1.8 % Ni, 26.3 g/t Pt+Pd+Au over 0.5 m
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Historical context: Hole MLV‑25‑14A (reported July 9 2025) intersected 2.6 % Cu, 8.1 % Ni and 17.8 g/t Pt+Pd+Au over 0.6 m; FNX6083‑W1 was deepened to test the same footwall zone.
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Geological interpretation: Intercepts display mineralogical similarity to the upper levels of the Morrison Footwall Cu‑PGE deposit (≈600 m SW), suggesting a contiguous copper‑precious‑metal system in the footwall of the No. 3 Ni‑Cu zone.
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Current drilling activity: Two surface diamond drills operating at Levack – one completing shallow infill/metallurgical holes on the Main Ni‑Cu zone, the other exploring the R2 footwall target and a wedge hole north of today’s intersections.
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Exploration plan: Near‑term focus on expanding the lateral and down‑dip extent of the R2 target and other high‑priority Sudbury breccia units; upcoming underground drilling to ramp up later in 2026 with two underground diamond drills mobilising within weeks.
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Qualified person: Dave King, MSc, PGeo, Senior Vice‑President Exploration & Geoscience (NI 43‑101 qualified).
Notable Quotes
“The drilling results announced … are encouraging and appear to confirm our belief that the prospective exploration environment at Levack remains underexplored.” – Dave King, SVP Exploration & Geoscience.