Advanced Gold Projects
Cuiú Cuiú
Coringa
Other Gold Projects
Mato Velho
União
Porquinho
Maranhense
Bauxite
Overview
The Porquinho district is regarded by the CNPM (Brazil Geologic Survey) as one of the most prospective areas in the Tapajós gold district. The area is 100% controlled by Magellan and has an estimated historic production in excess of one million ounces of gold. The heart of the district consists of a series of primary and alluvial gold occurrences localized along the Chico Torres Shear Zone; a +10 km long, NW-SE shear zone system that comprises the northwestern end of the Tocantinzinho Trend, a crustal scale lineament that controls most of the known gold deposits within the Tapajos Mineral Province. Magellan holds approximately 40,000 hectares covering the central part of this important structure. Work to date includes an airborne geophysical survey totaling 1362 line km, extensive gridding (113 line km), collection of over 2400 soil samples, geological mapping and channel sampling.