Magna Mining Reports High-Grade Intersections at Levack Mine, Ontario
Magna Mining Inc. has reported significant drilling results at the Levack Mine, including 23.2% Cu and 5.6% Ni over 2.4 metres. The findings support ongoing exploration efforts and a potential restart decision set for late 2026, impacting the regional mining landscape significantly.
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Magna Mining Inc. (TSXV: NICU) has announced notable drilling results from the Levack Mine, revealing intersections including 23.2% copper and 5.6% nickel over 2.4 metres in drillhole MLV-26-14A W1. Additional assays from drillhole FNX-6083 W5 also showed 5.7% copper and 13.7% nickel over 0.4 metres.
The company is actively developing underground infrastructure, with recent connections made between levels to enhance access for exploration. A Preliminary Economic Assessment (PEA) is expected by Q3 2026, indicating future production potential. Continued exploration focuses on defining mineralized structures which may lead to significant resource expansion.
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