Magellan Minerals: Trench Results from the New Valdette Zone

Magellan Minerals Ltd. reports preliminary results from a number of recently completed trenches at the Valdette soil anomaly, Coringa.

The press release is quoted as saying:

The surface results from the Valdette anomaly clearly indicate the presence of a new gold- bearing structure at Coringa which is likely responsible for the 3.8km long gold-in-soil anomaly. This structure has now been traced in trenches for a distance of 1.3km and remains open to the north and south. Valdette has the potential to substantially add to the existing resources at Coringa and will thus be a focus of the 2011 drill program. One diamond drill rig is currently drilling the first hole into this anomaly.

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