Mining Stock Daily Morning Briefing: Magna Mining Drill High-Grade Cu, Ni and PGMs at Levack
Oct 23, 2025
Magna Mining reveals impressive drill results from their Levack Mine, showcasing high-grade copper, nickel, and PGMs. Sierra Madre begins a major exploration program at Guitarra, with a significant drilling push ahead. Integra Resources publishes solid Q3 production numbers, while G Mining greenlights full construction for the Oko West project. Tocvan Ventures uncovers new mineralized targets at Gran Pilar, and Minera Alamos announces key management changes combined with new financing plans.
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High-Grade Multi-Metal Intercepts At Levesque
- Magna Mining's Levesque drill returned extremely high-grade copper, nickel and PGM intercepts indicating strong multi-metal potential.
- The company is actively drilling the R2 target with two surface rigs targeting zones between known nickel-copper and copper-PGE deposits.
Operations Backstop Exploration Progress
- Magna also reported solid production and development progress from MacReady West supporting ongoing operations.
- Underground development increased ~24% over Q2, showing active operational momentum alongside exploration.
Define Targets Before Drilling
- Sierra Madre plans a staged exploration program including mapping, surveying, sampling and structural analysis to define drill targets.
- They budgeted US$3.5M and up to 25,000 metres of drilling over ~9 months to systematically advance the East District.