# Magna Mining Announces Additional Footwall Drill Results from the Levack Mine in Sudbury, Ontario Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22 Original source: https://money.tmx.com/en/quote/NICU/news/6145460152065797/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in Publisher: tmx Original announcement: 2026-02-18T11:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: high-grade copper intercepts - Positive factor: step-out extension of R2 Zone - Positive factor: precious metal enrichment - Positive factor: QA/QC disclosed - Negative factor: true width uncertain Facts used in scoring: 7 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: 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 Extension** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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-W5 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22#fact-drill-facts-0) Levack Mine · copper #### 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 factor: 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-W5 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22#fact-drill-facts-1) Levack Mine · nickel #### 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-W5 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22#fact-drill-facts-2) Levack Mine · gold #### 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 factor: high precious metal grade Evidence · text > 10.3 g/t Pt+Pd+Au ### FNX6083-W5 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22#fact-drill-facts-3) Levack Mine · silver #### 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 factor: high silver grade Evidence · text > 151.0 g/t Ag ### FNX6083-W5 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22#fact-drill-facts-4) Levack Mine · copper #### 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 factor: 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-W5 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22#fact-drill-facts-5) Levack Mine · copper #### 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 factor: 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-W1 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-mining-announces-additional-footwall-drill-results-from-the-levack-mine-in--912c26d2-a850-4778-a287-9c919b749c22#fact-drill-facts-6) Levack Mine · copper #### 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 factor: 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.