Gold Price: US $1,736.1/ounce
|
|
 |
||||||||
Magellan Minerals Ltd. (TSX-V: MNM) is a Canadian-based junior 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
| Cuiu Cuiu Deposit (last updated Apr 2011) | |||
| Tonnes (Mt) | Gpt | Oz Au | |
| Indicated | 3.4Mt | 1.0 g/t | .1Moz |
| Inferred | 31Mt | 1.2 g/t | 1.2Moz |
| Coringa Deposit (last updated Sept 2009) | |||
| Tonnes (Mt) | Gpt | Oz Au | |
| Indicated | 1Mt | 8.5g/t | .1Moz |
| Inferred | .3Mt | 9.3g/t | .3Moz |
|
Total Resources
|
1.7Moz | ||
