Identifies Several Targets For Drill Testing At Great Northern Project
Magna Terra Minerals Inc. (TSXV:MTT) has identified several priority targets for drill testing including, an opportunity to expand on existing mineral resources at the Rattling Brook Deposit on its 100% owned Great Northern Project, located in western Newfoundland.
The Rattling Brook Deposit contains a NI43-101 Inferred Mineral Resource comprising 255,000 ounces at 1.45 grams per tonne (g/t” gold (5,460,000 tonnes) and is hosted along a five-kilometre section of the larger Doucers Valley Fault, a similar geological environment to Marathon Gold Corporation’s Valentine Gold Project. The Deposit is open for expansion at depth and along strike.
The targets were generated based on recent field programmes and a comprehensive review of historic exploration data, which identified the importance of fault control on gold mineralisation.
President and CEO, Lew Lawrick, said specifically, Magna Terra believes that northwest and east-west striking faults, with coincident rock and soil geochemical anomalies, may act as higher-grade feeder zones to the Rattling Brook Deposit.
This concept has not been previously tested and provides a unique opportunity to expand the Rattling Brook Deposit. Priority targets, as further described below include the Apsy Feeder Zone (0.6 km extent), the Incinerator Trend (1.8 km extent), and the Furnace Trend (1.5 km extent).
Previous (1986 to 2007) select drill intercepts (core length) that partly define the Rattling Brook Deposit include:
- 1.77 g/t gold over 74.4 metres (2.3 to 76.7 metres; estimated true thickness (“TT”) 60 metres), including 3.25 g/t gold over 22.7 metres in drill hole JA-05-35;
- 1.13 g/t gold over 115.7 metres (45.0 to 160.7 metres; TT 70 metres) in drill hole JA-05-36;
- 1.40 g/t gold over 84.6 metres (10.5 to 95.1 metres; TT 80 metres), including 8.62 g/t gold over 2.5 metres in drill hole JA-06-46;
- 1.28 g/t gold over 75.6 metres (1.0 to 76.6 metres; TT 70 metres) in drill hole JA-06-53;
- 3.92 g/t gold over 7.9 metres (112.6 to 120.5 metres; TT 5 metres), including 10.0 g/t gold over 1.4 metres in drill hole JA-06-60;
- 1.01 g/t gold over 66.4 metres (15.5 to 81.9 metres; TT 60 metres) in drill hole JA-07-73;
- 1.22 g/t gold over 56.5 metres (61.0 to 117.5 metres; TT 50 metres) in drill hole RB-30;
- 1.07 g/t gold over 68.0 metres (115.6 to 183.6 metres; TT 60 metres), including 8.84 g/t gold over 1.0 metres in drill hole RB-40; and
- 1.02 g/t gold over 66.5 metres (3.0 to 69.5 metres; TT 65 metres), including 7.86 g/t gold over 1.4 metres in drill hole JA-05-38.
The company has also identified the presence of north and northeast trending fault zones that cross the 2.4-km long Jacksons Arm Trend. Similar to faults crossing the Rattling Brook Deposit area, the company believes that these faults may play an important control in focusing higher grade mineralisation at Jacksons Arm.
“Based on our field work we have recognized the opportunity to further expand resources at the Rattling Brook Deposit as well as test several adjacent zones of mineralisation within the immediate area,” Mr Lawrick said.
“A key facet of work going forward will be to test the specific geological controls on gold where faults may play a significant role as feeder zones to broader disseminated gold within the existing mineral resource.
“We believe there is abundant upside to expanding the resource base at Great Northern and Viking in the near term and build upon the 255,000 ounce (5,460,000 tonnes at 1.45 g/t gold) Inferred Mineral Resource at Rattling Brook. In addition, we will continue to explore adjacent areas, including the Jackson’s Arm Trend, for potential near-term discovery.”
For further information please visit: https://www.magnaterraminerals.com/
