🕐28.09.09 - 16:52 Uhr
Magellan Commences Drilling at Cuiu Cuiu
MAGELLAN COMMENCES DRILLING AT CUIU CUIU
Vancouver, BC, September 28, 2009 - Magellan Minerals Ltd.
(TSX-V: MNM)
("Magellan") is pleased to announce the commencement of additional drilling
at its Cuiu Cuiu gold project in northern Brazil.
Cuiu Cuiu is located 180km SW of the town of Itaituba in northern Brazil and
previously produced an estimated 1.5 - 2.0Moz of alluvial gold.
Magellan has
identified five major gold-in-soil anomalies at Cuiu Cuiu as well as
numerous other gold showings resulting from prospecting.
Previous drilling
has returned values up to 220m @ 2.02g/t Au at the Central zone, and 39m @
5.13 g/t at the Jerimum de Cima zone (as announced in news releases on June
2, 2008 and April 30, 2008, respectively).
A minimum of 2000m of drilling is planned and is aimed at defining the
limits to mineralization at the Central target, as well as testing the
previously untested Moreira Gomes target which is located approximately 5km
SE of Central.
Previous soil sampling by Magellan in the Moreira Gomes area
defined a gold-in-soil anomaly which extends for 1.5km in an E-W direction
and is coincident with a magnetic low.
This press release was reviewed by Dennis Moore, B.Sc., M.Eng., member of
AusIMM & SEG., a director and officer of Magellan, and a qualified person in
compliance with National Instrument 43-101.
Magellan is a well financed mineral exploration company with a principal
focus on exploring for gold in the Tapajos Mineral Province of northern
Brazil.
For further information, please contact:
Alan Carter
President and CEO
Tel: 604.676.5663
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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