Sudbury mine development company hits high-grade mineralization at Crean Hill mine property
Magna Mining is taking an aggressive pace in looking to put a former Inco nickel and copper mine back into production.
A second batch of drill results released on Jan. 5 had one highlighted drill hole with a high-grade nickel intersection of 4.0 per cent, 0.7 per cent copper and 0.7 grams per tonne of platinum, palladium and gold over a 31.1-metre core length. A day after acquiring the decommissioned mine property from Lonmin Canada in November, Magna released a mineral resource estimate of this property showing more than 31 millions tonnes of nickel, copper, cobalt, platinum, palladium and gold.
These results will be folded into a preliminary economic assessment to demonstrate the economics of the project and explain the synergies between Crean Hill and its other Sudbury-area nickel-copper, PGM development property, Shakespeare, near McKerrow.
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