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Magna Terra Begins Exploration on the Hawkins Love Gold Project, Southern New Brunswick
TORONTO, ON / ACCESSWIRE / May 25, 2021 / Magna Terra Minerals Inc. (the "Company" or "Magna...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Begins Exploration on the Hawkins Love Gold Project, Southern New BrunswickTORONTO, ON / ACCESSWIRE / May 25, 2021 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce that it has started systematic exploration on its 100% interest in the Hawkins Love Gold Project (\"Hawkins Love\" or \"Project\"), located in Southern New Brunswick. The Company plans to undertake systematic prospecting, geological mapping, collection of 3,500 B-Horizon soil samples, and a drone magnetic survey designed to cover the main contact Zone between the Saint George Batholith and adjacent Mascarene volcanic and sedimentary rocks, a similar geological environment to Galway Metals' Clarence Stream Project (Exhibit A).Project HighlightsSimilar geological environment to the nearby Clarence Stream Deposit - deformed sediments and volcanics adjacent to the St. George granite;6,907 hectares of prospective mineral lands along a 10 kilometre extent of a regional-scale gold bearing structure - the Back Bay Fault;22-metre wide (core length) alteration zone featuring quartz veins with pyrite, chalcopyrite and specular hematite intersected in historic drillhole NRG-97-3;8 kilometre strike of anomalous soil and rock geochemistry along the Back Bay Fault;Quartz vein boulders with visible gold assaying up to 302.5 g/t gold; and44 soil samples > 10 ppb gold and 11 samples > 50 ppb gold.\"We are excited to start our initial exploration program at Hawkins Love and look forward to potential discoveries on this unexplored property. The Hawkins Love Project is underlain by similar rocks as those hosting the Clarence Stream Deposit and boasts a largely untested 8 kilometre strike extent of anomalous gold bearing soils, high grade boulders, and alteration intersected in drill core all coincident with the Back Bay Fault. The Hawkins Love Project provides Magna Terra and its shareholders another large property within an emerging gold district in southern New Brunswick that is marked by the ongoing exploration success of Galway Metals at the nearby Clarence Stream Project. The Property is well positioned in a district that has shown recent staking and consolidation by other junior explorers, including Brunswick Exploration Inc.'s recent acquisition of the Fundy Gold Project to the immediate south and west of Hawkins L...