Magellan Options an Additional 1,917 Hectares East of Coringa Gold Project, Brazil

Magellan Minerals Ltd. (TSX VENTURE:MNM) reported that the company has optioned a 100% interest in an additional claim of 1,917 hectares immediately adjacent to and east of the Coringa exploration claims.

The press release is quoted as saying:

This additional claim consolidates highly prospective ground where previous stream sediment sampling (pan concentrates) confirms anomalous gold values within the Coringa East area.

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