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Magellan Updates Cuiu Cuiu Progress with Identification of Four New Gold Targets

Investing News Network
Apr. 04, 2012 03:11PM PST
Gold Investing

Magellan Minerals Ltd. (TSXV:MNM,OTCQX:MAGNF) announced it has identified four new gold targets at the Brazil-based Cuiu Cuiu gold property.

Magellan Minerals Ltd. announced it has identified four new gold targets at the Brazil-based Cuiu Cuiu gold property.

As quoted in the press release:

Of 167 holes drilled at Cuiu Cuiu thus far, only 3 have targeted high grade vein structures at the Machiche (3.3m @ 7.4g/t gold) and Guarim showings (0.5m @ 30.2g/t gold). At least 20 high grade structures have been identified within the Cuiu Cuiu area to date.

Click here for the Magellan Minerals Ltd. press release.

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