Gold Price: US $1,280.9/ounce
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MNM.V
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Magellan Minerals Ltd. (TSX-V: MNM) 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.

Resources To Date

Cuiu Cuiu Deposit (last updated Apr 2011)
*0.3 g/t Au cut-off grade
   Tonnes (Mt) Gpt Oz Au
Indicated 3.4 1.0   100,000
Inferred 31.0 1.2 1,200,000
Coringa Deposit (last updated March 2012)
*1 g/t Au cut-off grade
  Tonnes (Mt) Gpt Oz Au
Measured 1.15 6.8 252,000
Indicated 2.00 4.8 309,000
Inferred 5.50 3.0 534,000
Total Resources
2.4Moz

 

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