Corporate Video - Magna Mining
ZitatNICKEL SULPHIDE AND COPPER EXPLORATION IN A WORLD CLASS DISTRICT
MAGNA MINING IS A SUDBURY-FOCUSED BASE METAL EXPLORATION AND DEVELOPMENT COMPANY
The company was formed in 2016 and in early 2017, acquired Ursa Major Minerals, a private company that owned the past producing Shakespeare Mine and Shining Tree project. Shakespeare is situated 70 km to the south-west of the Sudbury Basin. Magna has since assembled a contiguous land package of over 180km², much of which has seen little exploration work and yet remains prospective for further nickel, copper and PGM discoveries.
The Shakespeare Project is a past producing Ni-Cu-PGM project located 70km south west of Sudbury. The project is easily accessible by road from the nearby Trans Canada highway, and more importantly has a strategically important location within trucking distance of milling and smelting capacity in Sudbury.
Shakespeare has an existing NI 43-101 resource, major permits for both the construction of a 4,500 tpd mill and the recommencement of open pit mining, and a surrounding 180km² land package that is highly prospective for further nickel, copper and PGM discoveries.
Magna Mining’s Crean Hill mine is a past producing underground mine in the world-famous Sudbury Basin nickel district. Crean Hill hosts an existing NI 43-101 resource (completed August 2022). While under the previous ownership of Vale (Inco), the mine was a significant producer of nickel and copper for over 80 years. Historical production at Crean Hill was focused on the “contact” style nickel-copper mineralization that is typical of the Sudbury region, while more recent exploration on the property by Lonmin Canada Inc. (2003 to 2022) demonstrated the potential for high grade Pt-Pd-Au mineralization in the footwall of the contact nickel zones where limited drilling has been completed to date.
