Magna Mining Inc. is pleased to announce that drilling has confirmed a new zone of near surface sulphide mineralization approximately 1000 metres east of the Crean Hill Main Zone . To date, four holes have been completed and have intersected disseminated to locally semi-massive sulphides within a narrow embayment structure at the Sudbury Igneous Complex contact . The recent drilling was targeted near historical drill hole [...]
Magna Mining Inc. is pleased to announce that it has closed its previously announced "best efforts" private placement of an aggregate of 8,236,914 common shares of the Corporation that will qualify as "flow-through shares" of the Income Tax Act at a price of $1.815 per Charitable Flow-Through Share for aggregate gross proceeds of approximately $14.95 million; and 2,681,872 common shares of the Corporation at a price of [...]
Magna Mining CEO Jason Jessup told Proactive the company has entered into an agreement with Canaccord Genuity to help facilitate a financing. Jessup explained more about the financing and working with Canaccord. He also talked about the company's recent drill results. Proactive Canada Financial News Contact Details Proactive Canada Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com Company Website [...]
Magna Mining Inc. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. in connection with a "best efforts" private placement of: up to 7,162,534 common shares of the Corporation at a price of $1.815 per CharitabMagnale Flow-Through Share for aggregate gross proceeds of up to approximately $13 million ; and up to 2,727,272 common shares of the Corporation at a price of $1.10 per Common [...]
Mineralization Intersected over 98m Including 3.7% Ni, 2.8% Cu and 20.2 g/t Pt+Pd+Au over 7.1m Magna Mining Inc. is pleased to announce the first assays received from drilling on the 109 Footwall Zone at the Crean Hill Mine . Drillhole MCR-22-010 was targeted within the near surface 109 FW Zone Mineral Resource and intersected mineralization grading 0.4 % Ni, 0.5 % Cu, 7.2 g/t Pt+Pd+Au over 98.3 metres, including higher [...]
Magna Mining Inc. is pleased to announce additional assays received from the November 2022 drill program at Crean Hill. Drillhole MCR-22-005 was designed to follow up on previously announced high grade nickel mineralization intersected in the 101 Footwall Zone in drillhole MCR-22-003 . Hole MCR-22-005 intersected mineralization grading 4.0 % Ni, 0.7 % Cu, 0.7 g/t Pt+Pd+Au over 31.1 metres, including two massive sulphide [...]
Magna Mining Inc. is pleased to announce that, further to its news release dated November 7, 2022, it has filed on SEDAR an independent technical report titled "Mineral Resource Estimate Update for the Denison Ni-Cu-PGE Sulphide Deposit, Denison Project, Sudbury, Ontario Canada" in respect of its Denison Project. The technical report has been filed in accordance with National Instrument 43-101 - Standards of Disclosure [...]
Magna Mining Inc. is pleased to announce that first assays have been received from the recent drilling at Crean Hill. Drillhole MCR-22-003 intersected massive sulphide mineralization , grading 6.0 % Ni, 0.3 % Cu, 0.7 g/t Pt+Pd+Au over 5.8 metres. The Company has completed 10 drillholes to date and expects to resume diamond drilling in early January, 2023. Highlights: Drillhole MCR-22-003, intersected 3.8% Nickel, 1.8 [...]
Diamond Drilling Has Commenced and Intersected Semi-Massive to Massive Sulphides over 10.7 Metres Magna Mining Inc. is pleased to announce that drilling has commenced at the Crean Hill Mine, part of the Denison Project . To date, three holes have been completed and each has intersected mineralization as expected, including massive sulphide mineralization in drillhole MCR-22-003. . The Company expects to complete [...]
Magna Mining Inc. announces that it has granted a total of 3,685,000 stock options to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.47 per common share for a period of three years from the date of grant. The Options issued to independent [...]
Magna Mining Inc. is pleased to announce the initial Mineral Resource Estimate for the Denison Project which includes the past producing Crean Hill NiCu-PGE Mine in Sudbury, Ontario. The Company recently announced the closing of the acquisition of Lonmin Canada Inc. , which owns the Denison Project. The Denison Project is centered on the past producing Crean Hill Mine in the Sudbury Basin, which was a significant producer [...]
Magna Mining Inc. is pleased to announce that it has closed the acquisition of Lonmin Canada Inc. , including the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine , pursuant to a share purchase agreement dated August 15, 2022 among the Corporation, Loncan, each of the shareholders of Loncan and Sibanye UK Limited, as shareholder representative. Under the terms of the Share Purchase Agreement, Magna [...]
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