Footwall Cu - precious metals system
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Magna Mining Continues to Intersect Copper and Precious Metal Bearing Veins in Multiple Drill Holes at Levack Mine’s R2 Target in Sudbury, Including 25.0% Copper, 34.7 g/t Pt+Pd+Au, and 151 g/t Silver over 0.4 metres
Globenewswire· 2025-12-09 11:45
Core Viewpoint - Magna Mining Inc. has reported significant exploration results from the Levack Mine, indicating the presence of high-grade copper and precious metals in the R2 target area, with mineralization extending over a vertical depth of more than 200 meters and remaining open for further exploration [1][4]. Exploration Results - Four diamond drill holes tested the R2 target, with all intersecting multiple veins containing high-grade copper and precious metals [1]. - Notable assay results include: - FNX6083-W3: 12.9% Cu, 140.7 g/t Pt+Pd+Au, and 78.0 g/t Ag over 0.3 meters [2]. - FNX6083-W4: 12.3% Cu, 22.2 g/t Pt+Pd+Au, and 78.9 g/t Ag over 1.3 meters [2]. - FNX2026-W1: 4.5% Cu, 12.4 g/t Pt+Pd+Au, and 30.0 g/t Ag over 0.3 meters [2]. - FNX2026-W2: 24.8% Cu, 26.3 g/t Pt+Pd+Au, and 153.0 g/t Ag over 0.3 meters [2][3]. Geological Insights - The R2 mineralization is interpreted to be part of a significant footwall Cu-precious metals system centered near the Fecunis fault, potentially associated with the Levack No. 3 Footwall Zone and the Morrison Footwall Cu-PGE Deposit [4]. - The drilling has identified at least two principal vein orientations over a vertical extent of approximately 215 meters and a strike length of up to 85 meters [4]. Future Exploration Plans - The company continues to focus on defining and extending mineralization at the R2 target while exploring for new Cu-precious metals footwall systems at Levack [1][4]. - Ongoing drilling efforts include two surface and two underground drill rigs to expand the R2 target area and test for faulted offsets of R2 east of the Fecunis fault [4]. Company Overview - Magna Mining Inc. is a producing mining company with a portfolio of copper, nickel, and platinum group metals assets located in the Sudbury mining district of Ontario, Canada [18]. - The primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of prospective past-producing properties including Levack [18].