Magna Mining Provides Update on Activities
Sudbury, Ontario--(Newsfile Corp. - January 22, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the 2024 exploration activities and corporate initiatives. 2024 Exploration Plan and Resource Update Magna resumed diamond drilling on January 3, 2024, after a brief pause over the holiday season. Currently there are two drills turning at the Crean Hill Project, with one of the drills testing deep footwall targets (see...
2024-01-22 7:02 AM EST
Magna Mining Announces Grant of Stock Options
Sudbury, Ontario--(Newsfile Corp. - November 24, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") announces that it has granted a total 250,000 stock options ("Options") to purchase common shares of the Company to certain officers and employees 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 five years from the date of grant. The...
2023-11-24 12:30 PM EST
Magna Mining Appoints Jeff Huffman as Chief Operating Officer
Sudbury, Ontario--(Newsfile Corp. - November 13, 2023) - Magna Mining Inc (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the appointment of Jeff Huffman to the full-time position of Chief Operating Officer, effective today. Jason Jessup, Chief Executive Officer of the Company, stated, "We are excited to be able to announce the appointment of Jeff Huffman as our COO. Like many of the existing executives at Magna Mining, Jeff was an integral part of the...
2023-11-13 6:55 AM EST
Magna Mining Announces Grant of Stock Options and RSUs
Sudbury, Ontario--(Newsfile Corp. - November 3, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") announces that it has granted a total of 2,281,000 stock options ("Options") to purchase common shares of the Company to certain 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 $0.44 per common share for a period of three years from the...
2023-11-03 3:31 PM EDT
Magna Mining Provides Exploration Update
Sudbury, Ontario--(Newsfile Corp. - November 3, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the 2023 exploration program. This year to date, Magna has completed 17,618 m of drilling, comprising 89 diamond drill holes, at the Crean Hill Project ("Crean Hill"). The Company has also completed a surface UTEM 5 geophysical program and several borehole EM geophysical surveys at the Company's properties. Data from...
2023-11-03 7:10 AM EDT
Magna Mining Announces Change of Auditor
Sudbury, Ontario--(Newsfile Corp. - October 16, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the appointment of Grant Thornton LLP, Chartered Professional Accountants, as auditor of the Company, effective October 12, 2023. The resignation of Baker Tilly WM LLP, Chartered Professional Accountants, as auditor of the Company, was not the result of any reportable event (within the meaning of National Instrument 51-102 -...
2023-10-16 5:29 PM EDT
Magna Mining Intersects 5% Nickel Equivalent over 7 Metres in the 105 Footwall Zone at Crean Hill
Sudbury, Ontario--(Newsfile Corp. - September 21, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") ("Magna" or the "Company") is pleased to release additional assay results from the ongoing 2023 diamond drilling program. Drilling continues to intersect high grade nickel mineralization in the 105 Footwall ("FW") Zone including drillhole MCR-23-040 which intersected 4.2% Ni, 0.9 % Cu, 1.4 g/t Pt + Pd + Au over 7.0 metres. Highlights from the new assay...
2023-09-21 7:05 AM EDT
Magna Mining Files Technical Report for the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - September 14, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce that, further to its news release dated July 31st, 2023, it has filed a Preliminary Economic Assessment, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, for the Company's 100%-owned Crean Hill project. The technical report, titled "Preliminary Economic Assessment of the Crean Hill...
2023-09-14 12:15 PM EDT
Magna Mining Defines a Thick, High Grade Nickel Core in the 101 FW Zone at the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - August 15, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to release additional assay results from the ongoing 2023 diamond drilling program at the Crean Hill Nickel Project ("Crean Hill"). A portion of the assay results today represent confirmation of a shallow zone of massive sulphides in the vicinity of MCR-22-005 (released on January 5, 2023). This is one of the areas that the Company is planning...
2023-08-15 6:55 AM EDT
Magna Mining Announces Grant of Options
Sudbury, Ontario--(Newsfile Corp. - August 10, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") announces that it has granted an aggregate 915,800 options to acquire common shares of the Company (the "Options") to certain directors and officers pursuant to the Company's stock option plan. The Options are exercisable at an exercise price of $0.58 per share for a period of five-years from the date of grant. About Magna Mining Inc. Magna is an...
2023-08-10 4:15 PM EDT
Magna Mining Completes Preliminary Economic Assessment on the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - July 31, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the successful completion of its Preliminary Economic Assessment ("PEA") by Stantec on its 100% owned Crean Hill Nickel Project (the "Project") located in Sudbury, Ontario, Canada. The Base Case scenario ("Base Case") for the PEA envisions a combination of open pit and underground mining, with Life of Mine ("LOM") potential mineable...
2023-07-31 6:30 AM EDT
Magna Mining Intersects 6% Nickel in Additional Footwall Zone at the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - July 10, 2023) - Magna Mining Inc. (TSXV: NICU) (FSE: 8YD) ("Magna" or the "Company") is pleased to release additional assay results from the ongoing 2023 diamond drilling program. Drilling continues to intersect high grade nickel mineralization in the 101 Footwall ("FW") Zone and in a footwall zone between the 101 and 109 FW Zones, referred to as the 105 FW Zone, which intersected 6.0% Ni, 2.2 % Cu, 5.8 g/t Pt + Pd + Au over 2.2 metres. Highlights from the...
2023-07-10 6:50 AM EDT
Magna Mining Announces Additional High-Grade Intercepts near Surface in the 109 Footwall Zone, and Provides an Update on the Preliminary Economic Assessment
Sudbury, Ontario--(Newsfile Corp. - June 20, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to release additional assay results from a series of short, near surface drillholes immediately beneath the surface exposure of the 109 Footwall ("FW") Zone. The surface expression of this high grade PGM zone has been identified as a potential site for an exploration bulk sample in late 2023, which could be processed through a third-party mill in Sudbury. The technical...
2023-06-20 6:45 AM EDT
Magna Mining Announces Results of Annual and Special Meeting of Shareholders
Sudbury, Ontario--(Newsfile Corp. - June 12, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce the results of its Annual & Special Meeting of Shareholders (the "Meeting") held on June 9th. Each of the matters is described in greater detail in the Notice of Annual & Special Meeting of Shareholders and the accompanying Management Information Circular dated May 11th, 2023 (the "Circular"). At the Meeting, the shareholders approved the election of Jason...
2023-06-12 5:32 PM EDT
Magna Mining Announces High-Grade Intercepts near Surface in the 109 Footwall Zone
Sudbury, Ontario--(Newsfile Corp. - June 7, 2023) - Magna Mining Inc. (TSXV: NICU) (FSE: 8YD) ("Magna" or the "Company") is pleased to release initial assays from a series of short, near surface drillholes immediately beneath the surface exposure of the 109 Footwall ("FW") Zone. The assay results reported wide, high- grade intercepts including 0.7% Ni, 0.6% Cu, and 8.7 g/t Pt + Pd + Au over 31 m in hole MCB-23-003, and 0.3% Ni, 0.8% Cu, and 9.0 g/t Pt + Pd + Au over 21 m in hole MCB-23-007...
2023-06-07 6:45 AM EDT
Magna Mining Reports New Assay Results from Crean Hill
Sudbury, Ontario--(Newsfile Corp. - May 18, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce additional assays results from the ongoing diamond drilling program at Crean Hill. Results include assays from five drillholes completed on the G1 Zone, a narrow embayment structure at the Sudbury Igneous Complex ("SIC") contact, approximately 1000 metres east of the Crean Hill Main Zone (See news release dated February 23, 2023), and one additional drillhole...
2023-05-18 6:31 AM EDT
Magna Mining Appoints Ann-Marie Finney as Chief Financial Officer
Sudbury, Ontario--(Newsfile Corp. - May 1, 2023) - Magna Mining Inc (TSXV: NICU), ("Magna" or the "Company") is pleased to announce the appointment of Ann-Marie Finney to the full-time position of Chief Financial Officer, effective today. Derrick Weyrauch, a co-founder of Magna and former Chief Financial Officer, will remain a director of the company. Jason Jessup, Chief Executive Officer of the Company, stated, "We are delighted to appoint Ann-Marie as our new CFO, and she will become a key...
2023-05-01 7:30 AM EDT
Magna Mining Announces New Assay Results from 2023 Diamond Drilling at Crean Hill
Sudbury, Ontario--(Newsfile Corp. - April 11, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to release the first assays received from the 2023 diamond drilling at the Company's 100% owned Crean Hill Mine in Sudbury, Ontario. Results have been received for the first three drillholes, where high-grade precious metal mineralization was intercepted near surface in the 109 Footwall ("FW") Zone (for details see Table 1). Approximately 14 drill holes have been...
2023-04-11 6:35 AM EDT
Magna Mining Announces New Assay Results from 2022 Diamond Drilling at Crean Hill
Sudbury, Ontario--(Newsfile Corp. - March 2, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce additional assay results from the remaining November 2022 diamond drilling program at the Company's 100% owned Crean Hill Mine in Sudbury, Ontario. Results have been received for five holes drilled into a near-surface area of the Intermediate Zone and two holes from the 101 Footwall Zone. High grade mineralization has now been intersected and reported in all...
2023-03-02 6:28 AM EST
Magna Mining Announces Intersection of New Zone of Near Surface Sulphide Mineralization 1000 Metres East of Crean Hill Deposit and Reports New Assay Results from Shakespeare
Sudbury, Ontario--(Newsfile Corp. - February 23, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") 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 (Figure 1). 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 ("SIC") contact (Figure 1). The...
2023-02-23 6:05 AM EST