Magna Mining pushing the boundaries to find additional resources at Crean Hill and Shakespeare mines
Magna Mining, an aspiring metals producer in Sudbury, has tapped into a new mineral zone near the surface at the site of a former Inco mine.
What’s interesting is the discovery was made a kilometre east of where there’s already an established resource of about 31 million tonnes of nickel, copper, cobalt, platinum, palladium and gold. “We are encouraged to intersect near surface mineralization along strike of the known Crean Hill mine ore zones,” said Dave King, Magna vice president, in a statement.
At its Shakespeare property, 45 kilometres west of Sudbury, the company is pushing the boundaries of a proposed open-pit nickel mine. It would be a restart of a mine that was operated briefly by another company between 2010 and 2012. Magna posted a feasibility study showing a 14.4-million-tonne indicated resource with a seven-year mine life but exploration drilling results show it has the potential to be longer.
“Having intersected this zone of shallow-dipping mineralization cutting through the gabbros in multiple holes now, we believe this could be the feeder system for the entire mineralized Shakespeare deposit.”
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