Magna Mining Announces Additional Footwall Drill Results from the Levack Mine in Sudbury, Ontario

Core Viewpoint - Magna Mining Inc. has provided an update on exploration activities and assay results from the Levack Mine, indicating significant high-grade copper and precious metals mineralization in the R2 Footwall Zone, with ongoing drilling enhancing understanding of the vein system [1][2]. Exploration Activities - The company has reported results from five diamond drill holes targeting the R2 Zone, with multiple high-grade intersections of copper and precious metals over a vertical extent of approximately 300 metres and a north-south extent of 150 metres [1][2]. - Additional assays from previously released drill holes have also shown promising results, further confirming the mineralization potential in the R2 Zone [3][4]. Assay Results - Notable assay results include: - FNX6083-W5: 20.3% Cu, 0.1% Ni, 10.3 g/t Pt+Pd+Au, 151.0 g/t Ag over 0.7 metres at 1,129.4 metres down hole - FNX6070-W1: 5.7% Cu, 0.1% Ni, 28.3 g/t Pt+Pd+Au, 33.3 g/t Ag over 1.1 metres at 1,098.6 metres down hole [2]. - Drill hole FNX6083-W5 encountered four veins over 28.6 metres, with assays returning up to 24.4% Cu and 173 g/t Ag over 1.0 metre [2]. Future Drilling Plans - Ongoing diamond drilling includes two surface and two underground rigs, focusing on expanding the R2 Zone and testing other prospective targets in the footwall environment [6]. - Rehabilitation of existing drifts is underway to facilitate further underground drilling, with a Preliminary Economic Assessment (PEA) based on the recent NI 43-101 Mineral Resource Estimate targeted for completion in fall 2026 [6]. Company Overview - Magna Mining Inc. is a producing mining company with a portfolio of copper, nickel, and Platinum Group Metals (PGM) assets in the Sudbury mining district of Ontario, Canada, including the McCreedy West Mine and several past-producing properties [18][19].