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Magna Terra Discovers New Gold Targets at the Viking North Trend, Great Northern Project, Newfoundland
TORONTO, ON / ACCESSWIRE / January 25, 2023 / Magna Terra Minerals Inc. (the "Company" or "Magna...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Discovers New Gold Targets at the Viking North Trend, Great Northern Project, NewfoundlandTORONTO, ON / ACCESSWIRE / January 25, 2023 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce results of a gold geochemical sampling program (\"Exploration Program\"), as announced on October 12, 2022, at its flagship 100%-owned Great Northern Project (\"Great Northern\" or the \"Project\"), located in western Newfoundland. Great Northern is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike with the potential to host multi-million-ounce gold deposits.The Exploration Program comprised collection of 1,123 B-horizon soil samples for gold analysis predominately along the Viking North Trend, but also along the easterly projection of the Viking Trend. The Exploration Program successfully identified multiple new, high-tenor, exploration targets at both trends for follow-up exploration work to ultimately define drill targets (Figure 1).Highlights of the Exploration Program include:Eight-kilometre-long zone of anomalous gold-in-soil values along the Viking North Trend and the generation of multiple new, high-tenor, exploration targets;900-metre-long extension of the Viking Trend towards the northeast with a total trend length of 6.4 kilometres;Soil samples assaying up to 203 ppb gold and with 15 samples assaying greater than 50 ppb gold;Recognition that the trends are associated with east-west or northeast striking fault zones which host, drill confirmed, in-situ gold mineralization and are linked to the Doucers Valley Fault, a key controlling crustal-scale fault zone; andThese new targets continue to highlight gold discovery potential and add to the 30+ kilometres of gold trends on the Project.An Inferred Mineral Resource Estimate^ of 5,460,000 tonnes at an average grade of 1.45 g/t gold containing 255,000 contained ounces at a cut-off grade of 1.0 g/t gold at the Rattling Brook Deposit; and\"We are very pleased with the results of this Exploration Program as it continues to reinforce our belief that the Great Northern Project has strong potential to host large-scale gold deposits along multiple fault zones that transect the Project. Soil sampling covering the Viking North Trend outlines an 8-kilometre long g...