Gold Price: US $1,593.1/ounce
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Magellan Minerals Ltd. (TSX-V: MNM) (OTCQX: MAGNF) is a Canadian-based junior gold exploration company focused on mineral exploration and development in the state of Para in northern Brazil. The Company has interests in a number of properties in the Tapajos region which has a historic gold production estimated at 20-30Moz of gold. The Company has two advanced gold projects, Cuiu Cuiu and Coringa.
Reserves and Resources To Date
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Cuiu Cuiu Deposit (last updated Apr 2011) *0.3 g/t Au cut-off grade |
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| Tonnes (Mt) | Gpt | Oz Au | |
| Indicated | 3.4Mt | 1.0 g/t | 100,000 |
| Inferred | 31Mt | 1.2 g/t | 1,200,000 |
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Coringa Deposit (last updated March 2012) *1 g/t Au cut-off grade |
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| Tonnes (Mt) | Gpt | Oz Au | |
| Measured | 1.15Mt | 6.8g/t | 252,000 |
| Indicated | 2.00Mt | 4.8g/t | 309,000 |
| Inferred | 5.50Mt | 3.0g/t | 534,000 |
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Total Resources
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2.4Moz | ||
