Business
Magna Terra Identifies Numerous Additional Soil Geochemical Targets at the 2.4 Kilometre Jacksons Arm Trend, Great Northern Project; Initiates Follow-Up Exploration
TORONTO, ON / ACCESSWIRE / February 11, 2021 / Magna Terra Minerals Inc. (the "Company" or "...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Identifies Numerous Additional Soil Geochemical Targets at the 2.4 Kilometre Jacksons Arm Trend, Great Northern Project; Initiates Follow-Up ExplorationTORONTO, ON / ACCESSWIRE / February 11, 2021 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce results from a recently completed soil geochemical survey, part of a larger 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, a 2.4 kilometre long, previously unexplored, altered and mineralized geological corridor and included geological mapping, prospecting, soil sampling as well as Light Detection and Ranging (\"LiDAR\"), 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.The soil geochemical survey has identified numerous anomalous gold trends as well as other pathfinder elements (e.g., Cu, Ag) coincident with geological and geophysical targets as outlined in the press release dated February 4, 2021 (Exhibits A, B, and C). The program was designed to cover areas that have not previously been sampled and to test potential northern and eastern extensions of the Jacksons Arm Trend. The coincidence of anomalies within multiple datasets highlights several priority drill targets planned for 2021.Exploration Highlights2.0+ kilometre-long gold-bearing soil geochemical trend;87 of 1,284 samples assayed between 10 and 2,088 ppb gold and 15 of 1,284 samples assaying between 100 and 2,088 ppb gold;Two newly identified 500+ and 350 metre gold-bearing soil geochemical anomalies south and north of Frenchman's Cove, respectively;Identification of a robust 2.4 kilometres long alteration system;Grab samples* up to 26.90 grams per tonne (\"g/t\") gold confirming results of previous sampling; andIdentification of numerous gold-bearing soil samples, IP chargeability and magnetic anomalies coincident with mapped alteration zones and mineralized structures.*Grab samples are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.\"The results of the recently completed soil geo...