Magellan Minerals Provided Status Updates from Coringa Project Feasibility Study

Magellan Minerals Ltd. provided updates on its feasibility study at its Coringa project in northern Brazil, which is expected to be completed in October 2013.

As quoted in the press release:

Highlights include:-

• Diamond drilling is in progress with two rigs currently drilling at depth and in the southern part of the Serra zone. The initial three holes have all intersected the Serra structure at depths in excess of 200m below surface
• Metallurgical test work is in progress at Testwork Desenvolvimento de Processo Ltda, a laboratory based in the state of Minas Gerais, Brazil. Two 250kg composite samples are currently undergoing testing

To view the whole press release, click here.