Friday 9th December 2016

Resource Clips



Magellan reports Brazil Gold Results including 6.94 g/t over 27m

Resource Clips - essential news on junior gold mining and junior silver miningMagellan Minerals Ltd TSXV:MNM announced assays from its Cuiu Cuiu Project in ParĂ¡, Brazil. Results include

6.94 g/t gold over 27 metres (including 84.3 g/t over 2 metres)
0.28 g/t over 59 metres
0.49 g/t over 25 metres
0.48 g/t over 19 metres


President/CEO Alan Carter stated, “Hole 138 is a significant intersection by any measure and is important because it is located 600 metres south of the Central Zone, which contains an inferred resource of 500,000 ounces and an indicated resource of 100,000 ounces of gold. These results come on the heels of the recent announcement regarding the discovery of a new zone at Central North and supports our strategy of drilling step-out and exploration holes beyond the existing resources. This drilling is aimed at identifying additional mineralized zones at Cuiu Cuiu.”

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Contact:
Alan Carter
President/CEO
604.676.5663

or Jennifer Duthie
Corporate Communications Manager
778.370.0519

by Greg Klein

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