Advanced Gold Projects
Cuiú Cuiú
Coringa
Other Gold Projects
Mato Velho
União
Porquinho
Maranhense
Bauxite
Overview
The Maranhense property is located on the northwestern part of the Tocantinzinho trend, a crustal scale lineament that controls most of the important known deposits in the Tapajós Mineral Province (such as Sao Jorge, the Palito mine, Tocantinzinho (2.1M oz), and the Cuiú Cuiú project). Magellan has completed reconnaissance rock and soil sampling on the project as well as an aerial geophysical survey. Soil sampling around the Maranhense workings has revealed a significant gold in soil anomaly of 100 to 700 ppb over an area of 700 x 250m, centered on the old garimpo pit. The anomaly is open in several directions. A total of 56.7km of lines have been cut and 1088 soil samples collected thus far at Maranhense.
Several garimpo pits have been previously mined at Maranhense with primary bedrock mineralization exposed in at least four of the pits. In addition, the garimpeiros sunk several shafts to about 15m depth along a mineralized shear zone, just north of the main pit.
No previous drilling has ever been conducted at Maranhense.