Magna Mining has announced that drilling has commenced at the Crean Hill Mine, part of the Denison Project in Ontario in Canada. To date, three holes have been completed and each has intersected mineralisation as expected, including massive sulfide mineralisation in drillhole MCR-22-003. The company expects to complete approximately 2000 meters of drilling prior to the Christmas break, and resume diamond drilling in January.The company has awarded the contract to complete a preliminary economic assessment to Stantec Consulting. The PEA will be used to demonstrate the potential economics of the Denison Project, identify, and quantify synergies with the company’s Shakespeare Project, and make recommendations for additional work which will support a future pre-feasibility study. The completion of the PEA is anticipated early in 2Q23.
Magna Mining has announced that drilling has commenced at the Crean Hill Mine, part of the Denison Project in Ontario in Canada. To date, three holes have been completed and each has intersected mineralisation as expected, including massive sulfide mineralisation in drillhole MCR-22-003. The company expects to complete approximately 2000 meters of drilling prior to the Christmas break, and resume diamond drilling in January.The company has awarded the contract to complete a preliminary economic assessment to Stantec Consulting. The PEA will be used to demonstrate the potential economics of the Denison Project, identify, and quantify synergies with the company’s Shakespeare Project, and make recommendations for additional work which will support a future pre-feasibility study. The completion of the PEA is anticipated early in 2Q23.
