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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a cheery 90-57-163 as the TSX Venture Exchange rose five points to 757. Jason Jessup's Magna Mining Inc. (NICU) -- the ticker is more descriptive than the name -- lost one cent to $1.78 on 153,000 shares on new assays from its Levack nickel and copper project in the Sudbury district of Northern Ontario. The new hits, the company applauded, were headlined by an intercept of 8.1 per cent nickel, 2.6 per cent copper and 17.6 grams of platinum group elements (PGE) per tonne in the No. 3 Footwall -- a nickel equivalent of 10.83 per cent but over just 0.57 metre.

The rich zone was a subinterval within a 2.92-metre intercept that graded 1.6 per cent nickel, 0.86 per cent copper and just under six grams of PGE per tonne. Yes, that is a nickel equivalent of 2.71 per cent, but the numbers suggest that referring to the 2.35 metres of deep, lower-grade rock as mineralization is a stretch as its nickel equivalent grade is just 0.74 per cent. Mind you, three of the five other zones also encountered narrow but rich subintervals grading above 10 per cent nickel equivalent, adding to the geological intrigue.

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