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Magna Terra Identifies Gold Targets and Key Fault Zones on the Hawkins Love Gold Project, Southern New Brunswick
Soil assays up to >10 g/t gold Five Gold Targets identified Coinciding with ma...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Identifies Gold Targets and Key Fault Zones on the Hawkins Love Gold Project, Southern New BrunswickSoil assays up to >10 g/t goldFive Gold Targets identifiedCoinciding with major fault zonesTORONTO, ON / ACCESSWIRE / February 17, 2022 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce that it has received results from its first phase exploration program completed in 2021 on its 100%-controlled Hawkins Love Gold Project (\"Hawkins Love\" or \"Project\"), located in Southern New Brunswick. The Company acquired the grass roots project in November 2020 after recognizing that the Project is in a similar geological environment to the nearby Clarence Stream Project led by Galway Metals Inc. (Exhibit A). The high level of prospectivity at Hawkins Love is based on a 10-kilometre strike of a prominent structure known as the Back Bay Fault that is 3.0 kilometres wide and locally coincident with the southern contact between the Saint George Batholith and the Mascarene Group volcanic and sedimentary rocks like at Clarence Stream. The exploration program focused on the Back Bay Fault and the contact with the granite and included the collection of 3,315 soil samples, 171 rock float and grab samples, and a 685-line kilometre drone magnetic survey (the \"Exploration Program\").Highlights of the exploration program include:Soil samples assaying up to >10.0 grams per tonne (\"g/t\") gold with a total of 232 anomalous soil samples (> 10 ppb gold);Five exploration targets identified based on geophysics and gold-in-soil trends discovered along the Back Bay Fault at the contact with the granite (Exhibits B and C);All gold-in-soil trends indicate a source associated within the Back Bay Fault at the contact with the granite (Exhibits B and C);Strong gold-in-soil anomalies and associated glacial dispersion train located at the Jake Lee, Hawkins Lake, Love Lake, New River 1, and New River 2 target areas (Exhibits B and C);1.7-kilometre strike of anomalous gold-in-soil at the Jake Lee Target;Additional gold-in-soil targets developed within the volcanic and sedimentary rocks outside of the contact with the granite.\"We acquired Hawkins Love because we recognized the geological setting and other similarities with the nearby Clarence Stream Project and believe that Hawkins Love has strong p...