Magna Mining Intersects 23.2% Copper, 5.6% Nickel, 21.4 g/t Platinum + Palladium + Gold, and 225.0 g/t Silver over 2.4 metres and Provides an Update on Progress at the Levack Mine in Sudbury, Ontario
Original announcement by tmx on
- Company
- Magna Mining Inc.
- Ticker
- NICU
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Platinum, Palladium, Gold, Silver
- Document categories
- Drill results
- Extracted
- 2026-08-22 03:04:06 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Magna Mining has reported significant high-grade copper-nickel-PGE intercepts at the Levack Mine, including 23.2% Cu and 5.6% Ni over 2.4m in hole MLV-26-14A W1. The results support the company's structural model for the R2 Footwall Zone and coincide with ongoing underground development aimed at a potential mine restart in late 2026.
Reasoning: The announcement reports exceptionally high-grade copper and nickel intercepts (up to 23.2% Cu and 5.6% Ni) with significant PGM and silver credits, which are highly material for a Sudbury-style massive sulphide target.
Positive factors
- exceptional copper and nickel grades
- significant silver credits
- multiple high-grade intercepts in a single hole
- supports structural model
Negative factors
- apparent width only (true width not explicitly stated for all intercepts)
Facts used in scoring: 19
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 29.61% Cu and 5.6% Ni in MLV-26-14A W1 are exceptionally high grades.
Evidence · table
“29.61”
Context: 0.67
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release details sample collection, splitting, and the use of certified reference materials and blanks sent to SGS Laboratories.
Evidence · text
“2 certified reference material standards and 2 samples of blank material”
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 true widths are estimated to range from 40-80% of downhole length rather than providing specific true widths.
Evidence · text
“True widths are highly variable and estimated to range from 40-80% of downhole length”
Extracted facts
Stored fact records: 19. Some facts used in scoring do not have a stored record.
Drill Results (19)
MLV-26-14A W1Levack · copperGrade: 23.24Grade Unit: %Intercept: 2.41 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 23.24
- Grade Unit
- %
- Intercept
- 2.41 m
- From
- 975.88 m
- To
- 978.29 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:975.88-978.29
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: 23.24% Cu is an exceptional grade for a copper-nickel sulphide deposit.
Positive factors
- exceptional grade
Evidence · table
“23.24”
Context: 2.41
MLV-26-14A W1Levack · nickelGrade: 5.61Grade Unit: %Intercept: 2.41 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 5.61
- Grade Unit
- %
- Intercept
- 2.41 m
- From
- 975.88 m
- To
- 978.29 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:975.88-978.29
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: 5.61% Ni is a very strong grade for this deposit type.
Positive factors
- strong nickel grade
Evidence · table
“5.61”
Context: 2.41
MLV-26-14A W1Levack · silverGrade: 224.96Grade Unit: g/tIntercept: 2.41 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 224.96
- Grade Unit
- g/t
- Intercept
- 2.41 m
- From
- 975.88 m
- To
- 978.29 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:975.88-978.29
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: 224.96 g/t Ag is a significant credit.
Positive factors
- high silver grade
Evidence · table
“224.96”
Context: 2.41
MLV-26-14A W1Levack · copperGrade: 29.61Grade Unit: %Intercept: 0.67 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 29.61
- Grade Unit
- %
- Intercept
- 0.67 m
- From
- 1028.33 m
- To
- 1029 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:1028.33-1029.00
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: 29.61% Cu is an exceptional high-grade intercept.
Positive factors
- bonanza grade
Evidence · table
“29.61”
Context: 0.67
FNX6083-W5Levack · nickelGrade: 13.67Grade Unit: %Intercept: 0.4 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 13.67
- Grade Unit
- %
- Intercept
- 0.4 m
- From
- 1117.67 m
- To
- 1118.07 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1117.67-1118.07
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: 13.67% Ni is very high grade, though the interval is narrow (0.4m).
Positive factors
- high grade
Negative factors
- narrow width
Evidence · table
“13.67”
Context: 0.40
MLV-26-14A W1Levack · copperGrade: 1.92Grade Unit: %Intercept: 0.48 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 1.92
- Grade Unit
- %
- Intercept
- 0.48 m
- From
- 848.27 m
- To
- 848.75 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:848.27-848.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 1.92 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 0.9 %·m is below (grade alone is strong; the better of the two is used).
Positive factors
- 1.92 % copper is strong on the default band.
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“1.92”
Context: MLV-26-14A W1
MLV-26-14A W1Levack · nickelGrade: 1.99Grade Unit: %Intercept: 0.48 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 1.99
- Grade Unit
- %
- Intercept
- 0.48 m
- From
- 848.27 m
- To
- 848.75 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:848.27-848.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 1.99 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.
Positive factors
- 1.99 % nickel is strong on the default band.
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“1.99”
Context: MLV-26-14A W1
MLV-26-14A W1Levack · cobaltGrade: 0.06Grade Unit: %Intercept: 0.48 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.06
- Grade Unit
- %
- Intercept
- 0.48 m
- From
- 848.27 m
- To
- 848.75 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:848.27-848.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 0.06 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.
Negative factors
- 0.06 % cobalt is below the weak threshold (0.08 %) on the default band.
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“0.06”
Context: MLV-26-14A W1
MLV-26-14A W1Levack · platinumGrade: 0.83Grade Unit: g/tIntercept: 0.48 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.83
- Grade Unit
- g/t
- Intercept
- 0.48 m
- From
- 848.27 m
- To
- 848.75 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:848.27-848.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table: 0.83 g/t platinum. No grade band defined for this commodity, so the score is a placeholder.
Negative factors
- No grade rubric for platinum; intercept not scored.
Evidence · table
“0.83”
Context: MLV-26-14A W1
MLV-26-14A W1Levack · palladiumGrade: 0.77Grade Unit: g/tIntercept: 0.48 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.77
- Grade Unit
- g/t
- Intercept
- 0.48 m
- From
- 848.27 m
- To
- 848.75 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:848.27-848.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table: 0.77 g/t palladium. No grade band defined for this commodity, so the score is a placeholder.
Negative factors
- No grade rubric for palladium; intercept not scored.
Evidence · table
“0.77”
Context: MLV-26-14A W1
MLV-26-14A W1Levack · goldGrade: 0.04Grade Unit: g/tIntercept: 0.48 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.04
- Grade Unit
- g/t
- Intercept
- 0.48 m
- From
- 848.27 m
- To
- 848.75 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:848.27-848.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 0.04 g/t gold is below against the default band [5, 2, 1, 0.3] g/t. Grade×width 0.0 g/t·m is below.
Negative factors
- 0.04 g/t gold is below the weak threshold (0.3 g/t) on the default band.
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“0.04”
Context: MLV-26-14A W1
MLV-26-14A W1Levack · silverGrade: 7Grade Unit: g/tIntercept: 0.48 mView all detailsHide details
Identity
- Hole ID
- MLV-26-14A W1
- Project
- Levack
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 7
- Grade Unit
- g/t
- Intercept
- 0.48 m
- From
- 848.27 m
- To
- 848.75 m
Classification
- Sample Type
- drill
- Group ID
- MLV-26-14A W1:848.27-848.75
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 7 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 3.4 g/t·m is below.
Negative factors
- 7 g/t silver is below the weak threshold (30 g/t) on the default band.
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“7.00”
Context: MLV-26-14A W1
FNX6083-W5Levack · copperGrade: 3.33Grade Unit: %Intercept: 3.49 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 3.33
- Grade Unit
- %
- Intercept
- 3.49 m
- From
- 1075.34 m
- To
- 1078.83 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1075.34-1078.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 3.33 % copper is exceptional against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 11.6 %·m is below (grade alone is exceptional; the better of the two is used).
Positive factors
- 3.33 % copper is exceptional on the default band.
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“3.33”
Context: FNX6083-W5
FNX6083-W5Levack · nickelGrade: 0.22Grade Unit: %Intercept: 3.49 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.22
- Grade Unit
- %
- Intercept
- 3.49 m
- From
- 1075.34 m
- To
- 1078.83 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1075.34-1078.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 0.22 % nickel is below against the default band [3, 1.5, 0.8, 0.3] %.
Negative factors
- 0.22 % nickel is below the weak threshold (0.3 %) on the default band.
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“0.22”
Context: FNX6083-W5
FNX6083-W5Levack · cobaltGrade: 0.02Grade Unit: %Intercept: 3.49 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.02
- Grade Unit
- %
- Intercept
- 3.49 m
- From
- 1075.34 m
- To
- 1078.83 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1075.34-1078.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 0.02 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.
Negative factors
- 0.02 % cobalt is below the weak threshold (0.08 %) on the default band.
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“0.02”
Context: FNX6083-W5
FNX6083-W5Levack · platinumGrade: 0.53Grade Unit: g/tIntercept: 3.49 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.53
- Grade Unit
- g/t
- Intercept
- 3.49 m
- From
- 1075.34 m
- To
- 1078.83 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1075.34-1078.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table: 0.53 g/t platinum. No grade band defined for this commodity, so the score is a placeholder.
Negative factors
- No grade rubric for platinum; intercept not scored.
Evidence · table
“0.53”
Context: FNX6083-W5
FNX6083-W5Levack · palladiumGrade: 1.19Grade Unit: g/tIntercept: 3.49 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 1.19
- Grade Unit
- g/t
- Intercept
- 3.49 m
- From
- 1075.34 m
- To
- 1078.83 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1075.34-1078.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table: 1.19 g/t palladium. No grade band defined for this commodity, so the score is a placeholder.
Negative factors
- No grade rubric for palladium; intercept not scored.
Evidence · table
“1.19”
Context: FNX6083-W5
FNX6083-W5Levack · goldGrade: 0.58Grade Unit: g/tIntercept: 3.49 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 0.58
- Grade Unit
- g/t
- Intercept
- 3.49 m
- From
- 1075.34 m
- To
- 1078.83 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1075.34-1078.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 0.58 g/t gold is weak against the default band [5, 2, 1, 0.3] g/t. Grade×width 2.0 g/t·m is below (grade alone is weak; the better of the two is used).
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“0.58”
Context: FNX6083-W5
FNX6083-W5Levack · silverGrade: 31.54Grade Unit: g/tIntercept: 3.49 mView all detailsHide details
Identity
- Hole ID
- FNX6083-W5
- Project
- Levack
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- NICU
Geometry
- Grade
- 31.54
- Grade Unit
- g/t
- Intercept
- 3.49 m
- From
- 1075.34 m
- To
- 1078.83 m
Classification
- Sample Type
- drill
- Group ID
- FNX6083-W5:1075.34-1078.83
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-14T00:00:00.000Z
Reasoning: Expanded from assay table. 31.54 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 110.1 g/t·m is below (grade alone is weak; the better of the two is used).
Negative factors
- Scored from rubric bands during table expansion, not from document context.
Evidence · table
“31.54”
Context: FNX6083-W5
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.