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Wednesday, November 29, 2023

Magna Mining CEO Jason Jessup: Drilling and Acquisitions to Advance the Shakespeare Project in Ontario

Magna Mining (TSXV:NICU) reported that initial 2021 drilling in the Gap zone at the Shakespeare project in Ontario, Canada, intersected 33.8 meters of nickel, copper and platinum-group metal (PGM) mineralization. 

According to Magna Mining CEO Jason Jessup, the results could have a positive impact on the economics of the future project. It could allow the company to have additional resources in the Gap zone area and have one resource open-pit shell that contains all of the open-pit resources, as opposed to now, where it would be in two separate pit shells.

“We’re very encouraged by the results of our first two holes, hole 2115, especially. We were expecting to intersect 10 to 15 meters of nickel-copper-PGM mineralization and receive the assay results, and we had 33.8 meters of nickel-copper-PGM mineralization that’s a good grade and near resource,” Jessup said.

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The drill results came after Magna Mining acquired eight patented claims in Baldwin Township comprising 132.8 hectares of land.

“Part of the strategy is to acquire additional properties that have synergies with our Shakespeare program. We have the ability to build a 4,500 ton per day mill in the area and explore properties or deposits that could provide future feed for that mill,” Jessup explained.

The Baldwin patents fit the description of a strategic position because there was mineralization identified in the 1950s. Baldwin Township extends for another 2 kilometers from the Shakespeare property and is well mineralized with calco, pyrite and gold. The company also sampled areas with as high as 7 percent copper and a gram of gold on the surface.

Watch the full interview with Magna Mining (TSXV:NICU) CEO Jason Jessup above.

This interview is sponsored by Magna Mining (TSXV:NICU). This interview provides information which was sourced by the Investing News Network (INN) and approved by Magna Mining in order to help investors learn more about the company. Magna Mining is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Magna Mining and seek advice from a qualified investment advisor.

The post Magna Mining CEO Jason Jessup: Drilling and Acquisitions to Advance the Shakespeare Project in Ontario appeared first on Investing News Network.

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