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

    Written by Investing News Network
    |
    Apr. 04, 2012 03:11PM PST

    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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