Magna Mining Announces the Signing of a Toll Milling Agreement for the 109 Footwall Surface Bulk Sample at the Crean Hill Project
Magna Mining Announces the Signing of a Toll Milling Agreement for the 109 Footwall Surface Bulk Sample at the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - June 4, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the signing of a Toll Milling Agreement (the "Agreement") with Glencore Canada Corporation ("Glencore") for the surface bulk sample of the 109 Footwall ("FW") Zone at the Crean Hill Project.
安大略省薩德伯裏——(Newsfile Corp. - 2024年6月4日)—— Magna Mining Inc.(TSXV: NICU)(OTCQB: MGMNF)(FSE: 8YD)(“Magna”或“公司”)很高興地宣佈與Glencore Canada Corporation(“Glencore”)簽署了託工加工協議(“協議”), 以在Crean Hill項目的109 Footwall(“FW”)區進行表面塊礦樣的加工。
Jason Jessup, CEO of Magna Mining stated, "The signing of a toll milling agreement with Glencore to process a surface bulk sample from the 109 FW Zone at Crean Hill is the next step in advancing our Crean Hill Project. Magna has the advantage of having two permitted projects in the Sudbury region and this is yet another example of how we can work with the local major mining companies to advance our projects. This bulk sample will allow us to evaluate the metallurgical performance and reconcile against our resource estimate, further de-risking our project as we move towards underground advanced exploration at Crean Hill."
Magna Mining的CEO Jason Jessup表示:“與Glencore簽訂表面塊礦樣的託工加工協議是推進我們Crean Hill項目的下一步。Magna在Sudbury地區擁有兩個獲准項目的優勢,這是我們如何與當地的主要採礦公司合作推進項目的又一個例子。這個塊礦樣將使我們評估冶金性能並與我們的資源估計相匹配,進一步降低我們項目的風險,以便我們朝着Crean Hill的地下先進探礦前進。”
The current agreement with Glencore is for the 109 FW Zone surface bulk sample only. Magna intends to ship approximately 20,000 tonnes of mineralized rock from the near surface portion of the 109 FW Zone. The material will be processed separately through Glencore's Strathcona Mill and produce a bulk concentrate. This will provide important information on base and precious metal recoveries, allowing Magna to better plan underground advanced exploration and future commercial production. Recently, a series of short diamond drill holes were completed in the area of the surface bulk sample, and on May 8, 2024, Magna reported assay results from the first eight holes of this program. These results included hole MCB-24-029 which intersected 2.9% Cu, 0.9% Ni and 9.5 g/t Pt+Pd+Au over 6.3 metres starting at surface (see news release). This drilling will be incorporated into the surface bulk sample design, as well as additional drilling for which assays are pending.
與Glencore的當前協議僅針對109 FW區的表面塊礦樣。 Magna打算從109 FW區的近表層運輸約20,000噸帶礦岩石。該材料將通過Glencore的Strathcona Mill分別加工併產生塊狀濃縮物。這將爲底部和貴金屬回收提供重要信息,使Magna能夠更好地計劃地下先進探礦和未來商業生產。最近,在表面塊礦樣區域完成了一系列短鑽孔的鑽探,並於2024年5月8日, Magna報道了該計劃的前八個孔的分析結果。這些結果包括Mcb-24-029孔,該孔從表面開始,相交2.9% Cu,0.9% Ni和9.5克/噸Pt + Pd + Au(請參見新聞發佈)。這些鑽探將被納入表面塊礦樣設計中,以及待分析的其他鑽探。
On March 27, 2024, Magna announced the signing of a Definitive Offtake Agreement for advanced exploration at Crean Hill with Vale Canada ("Vale") (see news release). The Vale agreement excluded the 109 FW Zone as Magna wanted to explore other processing options to improve recoveries for the copper-PGM rich mineralization in this zone. The signing of the agreement with Glencore demonstrates the options for Magna to grow their mining business in the Sudbury region, in a capital efficient and environmentally responsible manner.
2024年3月27日, Magna宣佈與Vale Canada(“Vale”)簽署了一份Crean Hill先進探礦的明確離場協議(請參見新聞發佈)。 Vale協議排除了109 FW區,因爲Magna希望探索其他加工選擇以改善該區的富銅PGM礦化物回收率。與Glencore的協議的簽署展示了Magna在Sudbury地區以資本高效和環保負責的方式擴展其採礦業務的選擇。
Magna plans on awarding the contract for the surface bulk sample work in the coming days and intends to have contractors mobilize to site in June. It is estimated that the surface work will take 4-6 weeks and the toll milling will be completed in Q3 2024. The work will be funded from cash in the treasury.
Magna計劃在未來幾天內授予表面塊礦樣工作合同,並計劃讓承包商在6月份趕赴現場。表面工作預計將需要4-6周,託工加工將於2024年第3季度完成。這項工作將由庫存現金資助。
Qualified Person
The technical information in this press release has been reviewed and approved by David King, M.Sc., P.Geo. Mr. King is the Senior Vice President, Technical Services for Magna Mining Inc. and is a qualified person under Canadian National Instrument 43-101.
合格人士
本新聞發佈中的技術信息已由David King,M.Sc.,P.Geo進行審核並獲得批准。 King先生是Magna Mining Inc.的高級副總裁,技術服務,並且是加拿大43-101號國家儀器的合格人員。
About Magna Mining Inc.
Magna Mining is an exploration and development company focused on nickel, copper and Platinum Group Metals (PGM) projects in the Sudbury Region of Ontario, Canada. The Company's flagship assets are the past producing Shakespeare and Crean Hill Mines. The Shakespeare Mine is a feasibility stage project which has major permits for the construction of a 4,500 tonne per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180km2 prospective land package. Crean Hill is a past producing nickel, copper and PGM mine with a technical report dated July 2023. Additional information about the Company is available on SEDAR () and on the Company's website ().
關於Magna Mining Inc。
Magna Mining是一家專注於尼克爾,銅和鉑族金屬(PGM)項目的勘探和開發公司,位於加拿大安大略省的Sudbury地區。 該公司的旗艦資產是過去生產的Shakespeare和 Crean Hill Mines。 Shakespeare Mine是一個可行性階段的項目,擁有建設每天4,500噸採礦,加工廠和尾礦庫的重要許可,並且周圍有一個連續的180km的潛在土地包裹。 Crean Hill是一家過去生產的鎳,銅和PGM礦山,具有2023年7月的技術報告。 有關公司的其他信息,請登錄SEDAR()和公司的網站()。2前景廣闊的土地包裹。Crean Hill是一座過去生產過鎳、銅和鉑族金屬的礦山,附有一份2023年7月技術報告。公司的更多信息可在SEDAR()和公司網站()上獲得。
For further information, please contact:
如需更多信息,請聯繫:
Jason Jessup
Chief Executive Officer
Jason Jessup
首席執行官
or
或者
Paul Fowler, CFA
Senior Vice President
Email: info@magnamining.com
Paul Fowler,CFA
高級副總裁
電子郵件:info@magnamining.com
Cautionary Statement
This press release contains certain forward-looking information, or forward-looking statements as defined in applicable securities laws. Forward-looking statements are not historical facts and are subject to several risks and uncertainties beyond the Company's control, including statements regarding the production at the Shakespeare and Crean Hill Mines, the economic and operational potential of the Shakespeare and Crean Hill Mines, potential acquisitions, plans to complete exploration programs, potential mineralization, exploration results and statements regarding beliefs, plans, expectations, or intentions of the Company. Resource exploration and development is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.
聲明
本新聞稿包含某些前瞻性信息或前瞻性聲明,如適用證券法律所定義。前瞻性聲明並非歷史事實,受到公司無法控制的多個風險和不確定性的影響,包括有關Shakespeare和Crean Hill Mines生產,Shakespeare和Crean Hill Mines的經濟和運營潛力,潛在收購,完成勘探計劃,可能的礦化等的聲明計劃,信仰,計劃,期望或意圖的說明。資源勘探和開發具有非常重大的風險,即使是細心的評估,經驗和知識的結合也可能無法消除。本新聞稿中的所有前瞻性聲明都受到本警告聲明的限制。因此,讀者不應過度依賴前瞻性聲明。公司沒有義務公開更新或以其他方式修訂任何前瞻性聲明,無論是因爲新信息或未來事件還是其他原因,除非法律要求。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
TSX Venture Exchange或其監管服務提供者(如TSX Venture Exchange的政策中定義的那樣)不承擔此新聞發佈的充分性或準確性責任。