Business
Magna Terra Initiates 2,000 Metre Drilling Program at Jacksons Arm
TORONTO, ON / ACCESSWIRE / November 12, 2020 / Magna Terra Minerals Inc. (the "Company" or ...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Initiates 2,000 Metre Drilling Program at Jacksons ArmTORONTO, ON / ACCESSWIRE / November 12, 2020 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce commencement of a 2,000 metre first phase diamond drilling program (the \"Drill Program\") at its 100% owned Great Northern Project (\"Great Northern\"), located in western Newfoundland. Initial drilling will focus on the central 700-metre section of the 2.4 kilometre long Jacksons Arm Trend (Exhibit A). Recent prospecting and geological mapping at Jacksons Arm (see news release dated October 15, 2020) has successfully extended the strike of the mineralized zone by 700 metres to the southeast, from 1.7 to 2.4 kilometres.Highlights of the Drill Program2,000 metres as an initial test- no previous drilling;Drill Program will test the 2.4 kilometre extent defined by anomalous soils, high-grade grab and channel samples and geophysical targets;First phase program will test central 700 metre section of the trend and drill through the mineralized fault zone; andDrilling to test trenches with assays of 25.43 grams per tonne (\"g/t\") gold over 1 metre and 1.75 g/t gold over 7 metres and an area with grab samples* up to 56.70 g/t gold and 2.75 ounce per tonne silver.*Grab samples are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.\"We are excited to embark on this first phase drill program that will test the central 700 metre portion of the Jacksons Arm Trend. With a minimum strike length of 2.4 kilometres, and gold mineralization sampled over its length, work to date since initial discovery in 2011 demonstrates the presence of a large gold bearing system at Jacksons Arm, that is ripe for further discovery and drill testing. We continue to complete additional exploration outside of the known trend in an effort to expand the footprint of the alteration zone and generate additional targets for follow-up testing in 2021.\" ~ Lew Lawrick, President and CEO, Magna Terra MineralsExploration ProgramAt the Jacksons Arm Trend, exploration to date comprises a total of 30-line kilometres of systematic geological mapping and prospecting, and 50-line kilometres of grid line-cutting and Induced Polarization geophysical surveys. Geological mapping and prospecting have confirmed gold grade a...