The Company has finished systematic reconnaissance-scale prospecting, including collection of 160 rock float and grab samples, and geological mapping over the property, collected 3,315 B-Horizon soil samples, and flown 685-line kilometres of drone magnetic surveys. The work covered the main contact zone between the Saint George Batholith and adjacent
Project Highlights
Similar geological environment to the nearby Clarence Stream Deposit - deformed sediments and volcanics adjacent to the
'We have completed our initial exploration program at Hawkins Love and look forward to receiving the results of the geochemical and geophysical data collected to date. Geological mapping completed so far on this early-stage project has identified a geological environment with favourable host rocks and associated faults, and deformation structures that are permissive for the area hosting orogenic gold mineralization. We have now covered much of the 8-kilometre section of anomalous gold bearing soils, high grade boulders, and alteration intersected in drill core along the Back Bay Fault with additional geochemical and geophysical data that sets the Company up for follow-up exploration on any priority targets in early fall 2021.
About the
Historic exploration from 1969 to 2013 on the property has largely been focused on base metal massive sulphides and rare earth elements and has comprised collection of B-horizon soil samples, ground magnetics and electromagnetics, and minimal diamond drilling (15 holes totalling 2,256 metres) on small grid areas.
About Magna Terra
Cautionary Statements Regarding Forward Looking Information
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words 'may', 'will', 'should', 'continue', 'expect', 'anticipate', 'estimate', 'believe', 'intend', 'plan' or 'project' or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
Contact:
Tel: 647-478-5307
Email: info@magnaterraminerals.com
Web: www.magnaterraminerals.com
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