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Magna Terra Identifies Priority IP Chargeability Anomalies for Drill Testing at the Great Northern Project, Newfoundland
TORONTO, ON / ACCESSWIRE / December 2, 2021 / Magna Terra Minerals Inc. (the "Company" or "M...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Identifies Priority IP Chargeability Anomalies for Drill Testing at the Great Northern Project, NewfoundlandTORONTO, ON / ACCESSWIRE / December 2, 2021 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce that it has identified several priority geophysical Induced Polarization (\"IP\") chargeability targets (\"IP Targets\") for drill testing at Great Northern to on its 100% owned Great Northern Project (\"Great Northern\"), located in western Newfoundland. The IP Targets are located near the existing mineral resources at the Rattling Brook Deposit (the \"Deposit\") and are significant because similar IP anomalies are coincident with the mineral resource and a key characteristic of the Company's exploration model (Exhibits A and B).Three IP Targets were generated by reprocessing of historic IP geophysical data including:800 metre long IP Target coincident with mapped alteration and recent rock samples at the Apsy Feeder Zone (Exhibit C);1.0 kilometre long IP Targets coincident with the east-west fault and gold-bearing drill holes at the Incinerator Trend (Exhibit D); andStrong coincidence of IP chargeability targets and existing mineral resources at the Apsy, Road, and Beaver Dam Zones with several adjacent IP Targets that remain to be tested.Further, recent geological mapping and prospecting programs and a comprehensive review of historic exploration data has identified the importance of fault structures as a control on gold mineralization and is supported by significant alteration intersected during recent drilling at the Apsy Feeder Zone (see press release dated November 22, 2021). These fault structures are also coincident with the IP Targets, as are several mineralized intersections from historic drilling in particular at the Incinerator Trend.\"We are excited to see strong IP Targets at the Apsy Feeder and Incinerator trends. The data clearly indicates that the existing mineral resource is intimately associated with geophysical IP anomalies. Additionally, the extensive IP geophysical signature over 1.0 kilometre of strike length of the Incinerator Trend and host fault zone, along with the positive results of broad-spaced historic drilling, underscore this as a priority drill target for the Company in early 2022. The continuation of the IP signature at the Apsy Zone n...