Magna Mining will extract, ship 20,000 tonne bulk sample to Strathcona mill
Sudbury upstart Magna Mining has signed a toll milling agreement with Glencore in preparation for early-stage test mining at its Crean Hill Project.
The purpose of a bulk sample is to provide important metallurgical information, such as base and precious metal recoveries, and help guide the company’s mine planners toward the eventual resumption of mining on the past-producing property.The cost to put Crean Hill back into production hasn’t been finalized, but a preliminary economic assessment published last year put the initial price tag at $48 million. The estimated mine life ranges between 15 and 19 years.
Magna recently drilled some short drill holes where the bulk sample will be taken and reported assay results of 2.9 per cent copper, 0.9 per cent nickel and 9.5 grams per tonne of platinum, palladium and gold over 6.3 metres starting at the surface.
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