Magna Mining releases assay results at McCreedy West and Levack Mines

Early exploration under new ownership reveals copper-rich zones with strong upside potential

Magna Mining Inc. has announced its first batch of assay results since assuming control of the McCreedy West and Levack mines from KGHM, and the results are nothing short of impressive. The Sudbury-based company intersected multiple zones of high-grade copper, nickel, and platinum group metals in early 2025 drilling—critical steps toward increasing production at McCreedy West and potentially restarting operations at Levack.

High-Grade Hits Underground

At the producing McCreedy West Mine, drilling focused on the 700 Footwall Zone delivered standout intersections, including:

• 4.4% Cu, 0.6% Ni, 13.8 g/t Pt+Pd+Au over 18.0 metres

• Including 8.2% Cu, 0.8% Ni, 7.5 g/t Pt+Pd+Au over 7.3 metres (Hole FNX33323)

• 8.7% Cu, 0.3% Ni, 32.8 g/t Pt+Pd+Au over 3.2 metres (Hole FNX33338)

• 3.7% Cu, 3.1% Ni, 2.8 g/t Pt+Pd+Au over 17.5 metres (Hole FNX33338)

• 4.3% Cu, 5.0% Ni, 3.6 g/t Pt+Pd+Au over 2.9 metres (Hole FNX33361)

Just north of McCreedy, at the Levack Mine—which has been on care and maintenance since 2019—Magna’s drill team also made a strong start, intersecting 24.9% Cu, 0.4% Ni and 5.0 g/t Pt+Pd+Au over 1.6 metres within a broader interval of 12.2% Cu over 3.4 metres in Hole MLV-25-01.

A New Era for McCreedy West

Magna officially took over the McCreedy West operation on February 28, 2025, and quickly set about optimizing the mine’s performance. Early steps included operational improvements, enhanced grade control, and an expanded focus on underground development to open new ore zones and increase production flexibility.

“We have begun the necessary investments and changes at the McCreedy West Mine to bring it to what we believe is an optimal, sustainable production level,” said Jason Jessup, CEO of Magna Mining. “One of the keys to successfully growing production will be increasing the amount of capital development within the mine. This will require some time and a modest capital investment, but we see the opportunity to continue to grow production and set up the mine for a strong 2026 and beyond.”

Magna plans to release detailed production plans before the end of Q2 2025.

Levack Mine: Eyes on a Restart

With two drills currently active and a third rig mobilizing in April, Magna is wasting no time in testing near-surface mineralization in the Keel Footwall Zone at Levack. The assays are expected to support metallurgical testing and inform a potential mine restart plan. The exploration team is also targeting unmined footwall and contact-style deposits.

Strategic Support from Dundee

Magna’s strategic alignment with Dundee Resources continues to deepen. Under an Investor Rights Agreement signed in mid-2024, Dundee holds rights to nominate a director to Magna’s board and participate in future financings—underscoring long-term confidence in Magna’s strategy and asset base.

A Strong Foundation for Growth

These early drilling results reinforce Magna’s thesis that its Sudbury assets remain underexplored and undervalued. The company’s strategy—blend near-term production with long-term expansion potential—is now being put into motion with tangible results.

“As more drilling results become available, we look forward to providing additional updates,” said Dave King, SVP Exploration and Geoscience. “The high-grade copper intersections at McCreedy West and Levack continue to demonstrate the quality of resources remaining at both sites.”

With assay results like these, a focused development roadmap, and the right technical and financial partners in place, Magna Mining appears poised to redefine its role in Canada’s nickel and copper supply chain.

By Kevin Vincent, Senior Contributing Editor to Mining Life Online and Mining Life & Exploration News.

Tags: Northern Ontario / Exploration / Copper / All Articles