Magellan Minerals Ltd TSXV:MNM announced results from its Cuiu Cuiu Project in Pará, Brazil. Highlights include 1.25 g/t gold over 39.4 metres (including 9.65 g/t over 1 metre), 6.29 g/t over 2 metres, 0.49 g/t over 20 metres, 0.4 g/t over 22 metres and 0.42 g/t over 17.6 metres.
President/CEO Alan Carter stated, “Hole 131 is the most important hole reported to date from the 2011 drill program at Cuiu Cuiu and is a significant new discovery. We are excited by the potential of the Central North Zone to grow into a third mineralized body at Cuiu Cuiu and look forward to the results of further drilling.”
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by Greg Klein