Magellan Minerals Ltd MNM:CA announced assay results from the Jerimum Baixo and Pau de Merenda zones of its Cuiu Cuiu Project in Brazil. Highlights include 0.4 g/t over 30.4 metres, 0.6 g/t gold over 105.2 metres (including 1.29 g/t over 40.7 metres), 6.42 g/t over 4 metres, 2 g/t over 6 metres, 2.35 g/t over 7.1 metres and 0.46 g/t over 18.3 metres.
President/CEO Alan Carter commented, “Whilst it is still early days for Jerimum Baixo, drilling appears to have intersected another mineralized zone at Cuiu Cuiu between Central and Moreira Gomes, and perhaps most significantly, the style of mineralization is very similar to the previously discovered zones, as well as mineralization at the nearby Tocantinzinho deposit.”
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or Ian Gendall
by Ted Niles