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, Other
- Extracted
- 2026-09-14 15:06:34 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. New intercepts include up to 24.4% Cu and significant silver/PGM values, while additional assays from previously released holes further confirm the zone's potential.
Reasoning: The release reports exceptional high-grade copper and precious metal intercepts from new step-out drilling and provides updated assays for previous holes, demonstrating significant mineralization continuity in the R2 Zone.
Positive factors
- High-grade copper intercepts (up to 24.4%)
- Significant precious metal enrichment (Pt, Pd, Au, Ag)
- Step-out drilling expanding known R2 Zone
- QA/QC protocols disclosed
Negative factors
- True widths are highly variable and uncertain
Facts used in scoring: 7
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 24.4% Cu and 20.3% Cu intercepts are exceptionally high grade.
Evidence · text
“24.4% Cu”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release details use of SGS Laboratories and mentions standards and blanks.
Evidence · text
“4 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.
Evidence · text
“designed to continue to expand the known R2 Zone mineralization”
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
- canada_on
- Ticker
- NICU
Geometry
- Grade
- 20.3
- Grade Unit
- %
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
- Intercept Depth
- 1129.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- 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-precious metal 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 down hole”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
- canada_on
- Ticker
- NICU
Geometry
- Grade
- 0.1
- Grade Unit
- %
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
- Intercept Depth
- 1129.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- 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 content.
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 down hole”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
- canada_on
- Ticker
- NICU
Geometry
- Grade
- 10.3
- Grade Unit
- g/t
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
- Intercept Depth
- 1129.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- 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 precious metal grade.
Positive factors
- High precious metal content
Evidence · text
“10.3 g/t Pt+Pd+Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
- canada_on
- Ticker
- NICU
Geometry
- Grade
- 151
- Grade Unit
- g/t
- Intercept
- 0.7 m
- From
- 1129.4 m
- To
- 1130.1 m
- Intercept Depth
- 1129.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNX6083-W5:1129.4-1130.1
- Mining Method
- underground
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- 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 grade accompanying copper.
Positive factors
- Strong silver grade
Evidence · text
“151.0 g/t Ag”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
- canada_on
- Ticker
- NICU
Geometry
- Grade
- 18.8
- Grade Unit
- %
- Intercept
- 1.4 m
- From
- 1151.6 m
- To
- 1153 m
- Intercept Depth
- 1151.6 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNX6083-W5:1151.6-1153
- Mining Method
- underground
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- 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 a very strong intercept.
Positive factors
- Strong 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, from 1,151.6 metres down hole”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
- canada_on
- Ticker
- NICU
Geometry
- Grade
- 24.4
- Grade Unit
- %
- Intercept
- 1 m
- From
- 1157 m
- To
- 1158 m
- Intercept Depth
- 1157 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNX6083-W5:1157-1158
- Mining Method
- underground
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- 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 grade.
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, from 1,157.0 metres down hole”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
- canada_on
- Ticker
- NICU
Geometry
- Grade
- 5.7
- Grade Unit
- %
- Intercept
- 1.1 m
- From
- 1098.6 m
- To
- 1099.7 m
- Intercept Depth
- 1098.6 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNX6070-W1:1098.6-1099.7
- Mining Method
- underground
Location
- Loc. Confidence
- high
QA/QC
- Laboratory
- SGS
- QA/QC Disclosed
- 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, from 1,098.6 metres down hole”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.