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Magna Terra To Commence Follow-Up Exploration Program on New Hawkins Love Gold Targets, Southern New Brunswick
TORONTO, ON / ACCESSWIRE / July 12, 2022 / Magna Terra Minerals Inc . (the " Company " or "...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra To Commence Follow-Up Exploration Program on New Hawkins Love Gold Targets, Southern New BrunswickTORONTO, ON / ACCESSWIRE / July 12, 2022 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce that it has initiated exploration on its 100%-controlled Hawkins Love Gold Project (\"Hawkins Love\" or \"Project\"), located in Southern New Brunswick (Exhibit A). The program includes prospecting and mapping of five (5) new gold targets identified through soil geochemistry over an 8-kilometre strike (see news release dated February 17, 2022).Project HighlightsQuartz vein boulders* with visible gold assaying up to 302.5 g/t gold;Soil samples assaying up to 10.0 g/t gold including 276 soil samples >10 ppb gold and 21 samples >50 ppb gold;Five (5) gold targets recently identified on geophysics and gold-in-soil trends discovered along the Back Bay Fault (Exhibits B and C);8-kilometre trend of anomalous gold in soil anomalies and grab samples from five (5) gold targets situated along the Back Bay Fault;New gold targets at Hawkins Love share a similar geological environment to the nearby Clarence Stream Deposit - deformed sediments and volcanics adjacent to the St. George granite; and9,155 hectares of prospective mineral lands along a 10-kilometre extent of a regional-scale gold bearing structure - the Back Bay Fault.*Note: \"grab and float samples\" are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.\"We are keen to follow-up at Hawkins Love on the five new gold targets identified in our Summer 2021 field program. The size of each target, in close proximity to the Saint George Batholith and Back Bay Fault system, provides an excellent opportunity for the Company to make a near term discovery in this underexplored area. Hawkins Love is located within a similar geological environment to Galway's multi-million ounce Clarence Stream Project. Furthermore, we see similarity in the tenor and scale of the gold anomalies at Hawkins Love, forming a compelling opportunity for discovery on the project. Our current goal is to demonstrate the presence of in-situ gold across these target areas and to discover new areas that have the potential to host significant gold mineralization. This detailed prospecting and mapping program will direc...