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Magna Terra Identifies Significant Additional Gold Targets at Its Flagship Great Northern Project, Newfoundland
TORONTO, ON / ACCESSWIRE / January 12, 2023 / Magna Terra Minerals Inc. (the "Company" or "Magna...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Identifies Significant Additional Gold Targets at Its Flagship Great Northern Project, NewfoundlandTORONTO, ON / ACCESSWIRE / January 12, 2023 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce results of the 2022 geochemical sampling program at its flagship 100%-owned Great Northern Project (\"Great Northern\" or the \"Project\"), located in western Newfoundland. The geochemical sampling program comprised collection of 2,528 B-horizon soil samples at the Furnace and Jacksons Arm Gold Trends and has successfully identified six new gold targets on the Great Northern Project (Figure 1).The Company is focused on its flagship Great Northern Project; a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike located within a geological setting analogous to the nearby Valentine Gold Project (Marathon Gold Corp.), with the potential to host multi-million ounce gold deposits. These untested gold trends highlight the untested potential of the Project and provide numerous largescale targets for further discovery and resource growth.Highlights of the geochemical program include:Identification of six new gold targets with total strike length of 5.0 kilometres, ranging in strike length from 400 to 1,100 metres including:Four new targets at the Rattling Brook South area assaying up to 1,210 ppb gold (Figure 2);Extension of the geochemical footprint 350 metres south of the Beaver Dam Zone (Rattling Brook Deposit) with assays up to 2,550 ppb gold (Figure 2);Identification of a 1.0-kilometre long target south of the Jacksons Arm Trend with assays up to 140 ppb gold (Figure 3) and;1.1-kilometre long target at Jacksons Arm North with soil sample assays up to 262 ppb gold (Figure 4);Gold targets associated with east-west or northeast striking fault zones; andThese new targets continue to highlight gold discovery potential and add to the 30+ kilometres of gold trends on the Project.\"We are very excited with the results of our geochemical program at Great Northern where we have successfully identified additional gold targets with a cumulative strike length of 5.0 kilometres. This important, early-stage work continues to highlight the size potential of the Project to host gold mineralization, particularly along the multi...