Magna Mining Announces Additional Footwall Drill Results from the Levack Mine in Sudbury, Ontario
Original announcement by tmx on
- Company
- Magna Mining Inc.
- Ticker
- NICU
- Exchange
- TSX
- Region
- Sudbury, Ontario
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Platinum, Palladium, Gold, Silver
- Document categories
- Drill results
- Extracted
- 2026-08-22 03:14:25 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Magna Mining has reported high-grade copper and precious metal drill results from the Levack Mine in Ontario, specifically targeting the R2 Footwall Zone. The new assays include exceptional copper intercepts exceeding 20% and demonstrate the continued expansion of the mineralized zone.
Reasoning: The release reports multiple high-grade copper and PGE intercepts that extend the known R2 Zone, demonstrating significant continuity and grade in a prospective footwall environment.
Positive factors
- high-grade copper intercepts
- step-out extension of R2 Zone
- precious metal enrichment
- QA/QC disclosed
Negative factors
- true width uncertain
Facts used in scoring: 7
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions use of certified reference materials, blanks, and SGS Laboratories.
Evidence · text
“2 QA/QC samples including, 2 certified reference material standards and 2 samples of blank material.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: FNX6083-W5 was designed to expand the known R2 Zone mineralization up dip and down plunge.
Evidence · text
“designed to continue to expand the known R2 Zone mineralization”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document states that true widths are highly variable and uncertain at this time.
Evidence · text
“True widths are highly variable and uncertain at this time.”
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
FNX6083-W5Levack Mine · copperGrade: 20.3Grade Unit: %Intercept: 0.7 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Sudbury, Ontario
- Ticker
- NICU
Geometry
- Grade
- 20.3
- Grade Unit
- %
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: 20.3% Cu is an exceptional grade for a copper-PGE system.
Positive factors
- exceptional copper grade
Evidence · text
“20.3% Cu, 0.1% Ni, 10.3 g/t Pt+Pd+Au, 151.0 g/t Ag over 0.7 metres, from 1,129.4 metres”
FNX6083-W5Levack Mine · nickelGrade: 0.1Grade Unit: %Intercept: 0.7 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack Mine
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Sudbury, Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.1
- Grade Unit
- %
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Trace nickel grade.
Evidence · text
“0.1% Ni”
FNX6083-W5Levack Mine · goldGrade: 10.3Grade Unit: g/tIntercept: 0.7 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack Mine
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Sudbury, Ontario
- Ticker
- NICU
Geometry
- Grade
- 10.3
- Grade Unit
- g/t
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Strong combined PGE/Au grade.
Positive factors
- high precious metal grade
Evidence · text
“10.3 g/t Pt+Pd+Au”
FNX6083-W5Levack Mine · silverGrade: 151Grade Unit: g/tIntercept: 0.7 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack Mine
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Sudbury, Ontario
- Ticker
- NICU
Geometry
- Grade
- 151
- Grade Unit
- g/t
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: Significant silver credit.
Positive factors
- high silver grade
Evidence · text
“151.0 g/t Ag”
FNX6083-W5Levack Mine · copperGrade: 18.8Grade Unit: %Intercept: 1.4 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Sudbury, Ontario
- Ticker
- NICU
Geometry
- Grade
- 18.8
- Grade Unit
- %
- Intercept
- 1.4 m
- From
- 1151.6 m
- To
- 1153 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1151.6-1153.0
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: 18.8% Cu is very high grade.
Positive factors
- exceptional copper grade
Evidence · text
“18.8% Cu, 0.2% Ni, 11.0 g/t Pt+Pd+Au, 115.0 g/t Ag over 1.4 metres”
FNX6083-W5Levack Mine · copperGrade: 24.4Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Sudbury, Ontario
- Ticker
- NICU
Geometry
- Grade
- 24.4
- Grade Unit
- %
- Intercept
- 1 m
- From
- 1157 m
- To
- 1158 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1157.0-1158.0
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: 24.4% Cu is an exceptional intercept.
Positive factors
- exceptional copper grade
Evidence · text
“24.4% Cu, 0.9% Ni, 5.4 g/t Pt+Pd+Au, 173.0 g/t Ag over 1.0 metre”
FNX6070-W1Levack Mine · copperGrade: 5.7Grade Unit: %Intercept: 1.1 mView all detailsHide details
Identity
- Hole ID
- FNX6070-W1
- Project
- Levack Mine
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Sudbury, Ontario
- Ticker
- NICU
Geometry
- Grade
- 5.7
- Grade Unit
- %
- Intercept
- 1.1 m
- From
- 1098.6 m
- To
- 1099.7 m
Classification
- Sample Type
- drill
- Group ID
- FNX6070-W1:1098.6-1099.7
- Mining Method
- underground
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-18T00:00:00.000Z
Reasoning: 5.7% Cu is a strong intercept for this deposit type.
Positive factors
- strong copper grade
Evidence · text
“5.7% Cu, 0.1% Ni, 28.3 g/t Pt+Pd+Au, 33.3 g/t Ag over 1.1 metres”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.