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Magna Terra Identifies Numerous Additional Exploration Targets at the 2.4 Kilometre Jacksons Arm Trend, Great Northern Project; Expands Property Package
TORONTO, ON / ACCESSWIRE / February 4, 2021 / Magna Terra Minerals Inc. (the "Company" or "M...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Identifies Numerous Additional Exploration Targets at the 2.4 Kilometre Jacksons Arm Trend, Great Northern Project; Expands Property PackageTORONTO, ON / ACCESSWIRE / February 4, 2021 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce additional results from a systematic exploration program (the \"Exploration Program\") at its 100% owned Great Northern Gold Project (\"Great Northern\"), located in western Newfoundland. The Exploration Program was focused on the Jacksons Arm Trend, an extensive altered and mineralized geological corridor that has not been previously explored, and included geological mapping, prospecting, soil sampling as well as Light Detection and Ranging (\"LiDAR\") and Induced Polarization (\"IP\") and Magnetic geophysical surveys. The Company also initiated a first phase 1,600 metre diamond drill program within a portion of the Jacksons Arm Trend with results pending. Additionally, the Company has extended its property size southward along the Jacksons Arm Trend based on the success of the Exploration Program to date.As announced on October 15th, 2020 the Company has extended the strike of the Jacksons Arm Trend by 40% to 2.4 kilometres and collected numerous gold-bearing grab and float samples during the mapping and prospecting program (Exhibit A). Analysis of recently acquired LiDAR and IP and Magnetic geophysical data demonstrates that the previously announced mapped alteration zones, structures and gold samples are coincident with geophysical anomalies (Exhibit B and C).Exploration Highlights700 metre extension of alteration and mineralized zones to the southeast - now to 2.4 kilometres strike length;Grab samples* up to 26.90 grams per tonne (\"g/t\") gold confirming results of previous sampling;24 of 114 grab and float samples assaying between 0.10 g/t and 26.90 g/t gold;Identification of key geological environments and structures, along strike to the north and east, that form favourable hosts for gold mineralization;Identification of numerous IP chargeability and magnetic anomalies coincident with mapped alteration zones and mineralized structures; andBased on these results the Company acquired additional claims to the immediate south of the Jacksons Arm Trend.*Grab samples are selected samples and are not necessarily indicative of mineralizati...