 | The União project is located to the south of Magellan's other land holdings, at the western end of the Transgarimpeiro Highway, just east of the mining town of Creporizao. The area is accessible by road from Itaituba, and has several all weather airstrips. It is an intensely mineralized area that historically produced in excess of 1Moz of gold. The district still has several producing pits and one small underground mine.
Reconnaissance work at the project has identified several parallel shear zones hosting quartz vein and stockwork gold mineralization with strike lengths of up to 4km. Surface gold values are highly anomalous returning values up to 37.1g/t Au from select vein samples.
A regional soil sampling program consisting of lines extending beyond the four identified prospects of Cuiubana, Juarez, and Edvaldo and a ground magnetometer survey is planned for 2008 with the objective of identifying drill targets and extensions to the known mineralization.
União has had no previous drilling. The identification of such an extensive zone of workings and stockwork veining bodes well for the possible discovery of a significant gold deposit. Mapping and sampling completed during 2007 has already identified several prospective drill targets, which will probably be tested in 2008.
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