SUDBURY, ONTARIO, CANADA, NOVEMBER 3, 2023 – Magna Mining Inc. (TSX.V: NICU) (OTCQB: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) is pleased to provide an update on the 2023 exploration program. This year to date, Magna has completed 17,618 m of drilling, comprising 89 diamond drill holes, at the Crean Hill Project (“Crean Hill”). The Company has also completed a surface UTEM 5 geophysical program and several borehole EM geophysical surveys at the Company’s properties. Data from these geophysical surveys is currently being interpreted and could provide additional targets at depth and in the footwall of the known Crean Hill deposit.

Magna is also pleased to report new assay results from the ongoing 2023 diamond drilling program at Crean Hill.

Highlights from the new assay results include:
Main Zone (750 Level Pillar)
MCR-23-052A : 0.8% Ni, 1.3 % Cu, 2.0 g/t Pt + Pd +Au over 96.5 metres
Including 1.2 % Ni, 2.5 % Cu, 3.1 g/t Pt + Pd +Au over 15.6 metres
101 FW Zone
MCR-23-051: 1.1% Ni, 0.5 % Cu, 0.5 g/t Pt + Pd + Au over 13.6 metres
And 2.5% Ni, 3.8 % Cu, 7.1 g/t Pt + Pd + Au over 1.3 metres
And 2.9% Ni, 0.4 % Cu, 1.2 g/t Pt + Pd + Au over 2.0 metres
And 2.8% Ni, 8.7 % Cu, 1.0 g/t Pt + Pd + Au over 2.4 metres
MCR-23-054A: 4.1% Ni, 0.4 % Cu, 0.7 g/t Pt + Pd + Au over 3.7 metres
Dave King, SVP Technical Services stated, “Drilling results reported today continue to demonstrate the quality of the relatively shallow Mineral Resources remaining at Crean Hill. Drilling on the 101 FW Zone was designed within our advanced exploration target area, to further define grade continuity and facilitate detailed planning. Drillhole MCR-23-052A targeted a remnant pillar identified in the Main and Intermediate Zones, at the 750 ft level, and intersected 0.8% Ni, 1.3 Cu, 2.0 g/t Pt + Pd + Au over 96.5 metres. The 750 level pillar is not well defined in the current Mineral Resources and wide mineralized intervals such as those intersected by MCR-23-052A in the Main Zone could add significant resources in the upper levels of the mine.”
see & read more on
https://magnamining.com/magna-mining-provides-exploration-update/

and
Magna Mining Announces Grant of Stock Options and RSUs
Sudbury, Ontario--(Newsfile Corp. - November 3, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") announces that it has granted a total of 2,281,000 stock options ("Options") to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.44 per common share for a period of three years from the date of grant. The Options vest 1/3 immediately and 1/3 annually thereafter. All of the Options expire on November 2, 2028.

see & read more on
https://www.newsfilecorp.com/release/186284/Magna-Mining-Announces-Grant-of-Stock-Options-and-RSUs