Mining Stock Daily High-Grade Drill Result at Levack Provide Magna Mining New Encouragement for Potential Restart
Oct 28, 2025
Jason Jessup, CEO of Magna Mining, dives into exciting drill results from the Levack Mine, highlighting the discovery of high-grade veins and the potential for a restart. He discusses the strategic focus on selective mining and the importance of quality in operations. Jessup also shares production updates from the McCreedy West project, revealing operational hurdles and insights on upcoming plans. Additionally, he provides an outlook on precious metal markets and emphasizes the advantages of a polymetallic approach for future growth.
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R2 Zone Shows Complex, High-Grade Veining
- The R2 zone at Levack shows multiple distinct vein orientations and high-grade polymetallic mineralization.
- Complexity suggests potential for massive metal accumulations rather than uniform bulk-minable ore.
Vertical Zonation: Nickel To Copper Transition
- Drilling indicates an upper nickel-rich domain transitioning to deeper, wider, and higher-grade copper with rich precious metals.
- That vertical zonation mirrors Morrison's Rob Zone and improves the economic upside at certain depths.
Mine Footwall Veins Selectively, Not Bulk
- Favor selective underground mining methods for narrow, high-grade footwall veins rather than aiming for bulk mining.
- Design selective long-hole stoping and targeted stopes to preserve grade and limit dilution.