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Magna Terra Samples High-Grade Mineralizaton With Grab Samples up to 26.90 G/T Gold; Expands Footprint of Jacksons Arm Trend to 2.4 Kilometres
TORONTO, ON / ACCESSWIRE / October 15, 2020 / Magna Terra Minerals Inc. (the "Company" or "M...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Samples High-Grade Mineralizaton With Grab Samples up to 26.90 G/T Gold; Expands Footprint of Jacksons Arm Trend to 2.4 KilometresTORONTO, ON / ACCESSWIRE / October 15, 2020 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce preliminary results of its ongoing prospecting and geological mapping program at its 100% owned Great Northern (\"Great Northern\") and Viking (\"Viking\") Projects, located in western Newfoundland. Initial exploration has focused on the Jacksons Arm Trend (Exhibit A) where grab samples have returned high grade assays as well as extending the strike of the Jacksons Arm Trend by 700 metres to the southeast, from 1.7 kilometres to 2.4 kilometres. Initial prospecting and geology within the Little Davis Pond Trend (Exhibit B) has similarly resulted in confirmation of the 1.4 km long alteration system and grab samples with up to 17.54 grams per tonne (\"g/t\") gold.Exploration HighlightsJacksons Arm Trend:700 metre extension of alteration and mineralized zones to the southeast - now to 2.4 kilometres strike length;Grab samples* up to 26.90 g/t gold confirming results of previous sampling;19 of 63 grab and float samples assaying between 0.10 g/t and 26.90 g/t gold; andInduced Polarization (\"IP\") Survey underway.Little Davis Pond Trend:Grab samples* up to 17.54 g/t gold confirming results of previous sampling;5 out of 11 grab samples assaying between 0.1 and 17.54 g/t gold; andFollow-up prospecting and geological mapping planned.*Grab samples are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.\"We are pleased to see high-grades returning from our early exploration work at Jacksons Arm and Little Davis Pond. Expanding the Jacksons Arm Trend by 40% demonstrates the potential scale of gold systems in the region and the trend remains open for expansion. With a minimum strike length of 2.4 kilometres, and gold mineralization sampled over its length, work to date demonstrates the presence of a large gold bearing system at Jacksons Arm, that is ripe for further discovery and drill testing. Having commenced the IP survey and with ongoing geochemical and geological work, we are continuing to refine targets in advance of a first phase drill program that will start by mid-November.\" ~ Lew Lawrick, President...