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Magna Terra Intersects 8.80 g/t Gold Over 0.5 metres at the Emilio Trend, Cape Spencer Project
TORONTO, ON / ACCESSWIRE / June 10, 2021 / Magna Terra Minerals Inc. (the "Company" or "Magn...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Intersects 8.80 g/t Gold Over 0.5 metres at the Emilio Trend, Cape Spencer ProjectTORONTO, ON / ACCESSWIRE / June 10, 2021 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce the results of the Phase One diamond drill program (the \"Drill Program\") completed at the highly prospective Emilio Trend at the Cape Spencer Project (\"Cape Spencer\" or \"Project\"), located in southern New Brunswick (Exhibit A). The Drill Program consisted of 17 drill holes (AB-21-01 to -17) totalling 2,123.2 metres, that successfully tested a 1.2-kilometre section of the larger 5-kilometre long Emilio Trend (Exhibit B).Highlights of the Drill Program include:8.80 grams per tonne (\"g/t\") gold over 0.5 metres (43.8 to 44.3 metres) in drill hole AB-21-08;1.49 g/t gold over 2.0 metres (24.6 to 26.6 metres) in drill hole AB-21-13;2.31 g/t gold over 0.6 metres (21.0 to 21.6 metres) in drill hole AB-21-03;Drilling intersected broad zones of illite and Fe-carbonate alteration, disseminated sulphides (pyrite, chalcopyrite), malachite and native copper and associated quartz veining;Demonstration that NNE striking faults are favourable hosts to gold mineralization;Successfully extended the Emilio Zone 25 metres down-dip (AB-21-08) from historic drilling and 250 metres westward (AB-21-13); andFollow-up exploration to focus on expanding the Emilio Zone and the remaining 3.8 kilometre strike extent of the Emilio Trend.Selected composited assays are presented in Table 1 below.\"We are pleased to have completed our Phase One program at Cape Spencer that tested a 1.2-kilometre section at the west end of the larger Emilio Trend via several shallow, and widely spaced drill holes. The Drill Program successfully intersected broad zones of hydrothermal alteration, associated sulphide and gold mineralization and quartz veining. The Drill Program also confirmed that NNE oriented fault zones that were defined from our 2020 field work are potential hosts to gold deposits and exert a significant geological control on alteration and mineralization. At the Emilio Zone, alteration and mineralization was extended 25 metres down-dip and 250 metres west, along strike, from historic drilling. The intersection of a broad alteration system combined with the results of historic drilling (e.g. 7.86 g/t gold over 7.4 metres in ho...