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Magna Terra Minerals Inc.
Summary
| Project: | Luna Roja | |
|---|---|---|
| Deposit: | Luna Roja | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 6/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2019: Magna Terra Minerals Inc. announces an Exploration/Drilling Update report for its Luna Roja deposit at the Luna Roja project. Drilling results incl. 75m @ 0.62g/t Au, 5.6g/t Ag from 37m. (TSX-V: MTT) (SSE: MTTCL) is pleased to announce complete | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Robinson (Internal) | |
| ABSTRACT: | (TSX-V: MTT) (SSE: MTTCL) is pleased to announce complete assay results from an eight hole (1,184 meter) first phase drill program on its Luna Roja Project in Santa Cruz Province, Argentina. The drilling began on January 12, 2019 and was completed on January 31. The program was designed to test three target areas – Cruz Del Sur, Orion and Estrella del Norte, which constitute a mineralized surface footprint of approximately three kilometers by one kilometer. Assays have been received from three holes in the Cruz del Sur Target area, three from the Orion area and two from the Estrella del Norte area. Drill hole LR_DDH001 intersected 51.4 m of 0.26 g/t Au and 9.37 g/t Ag at a depth of 44.6 to 96.0 m. Included in this intercept are 2.0 m of 1.08 g/t Au and 79.60 g/t Ag at a depth of 62.0 to 64.0 m. Drill hole LR_DDH002 intersected 75.0 m of 0.62 g/t Au and 5.6 g/t Ag (from 37.0 m to 112.0 m). The deepest part of the zone, which is oxidized, included 42.0 m of 1.01 g/t Au and 4.6 g/t Ag (from 68.0 m to 110.0 m - Table 1), indicating increased grade with depth. Drill hole LR_DDH006 intersected 15.6 m of 0.11 g/t Au and 0.81 g/t Ag (from 130.0 m to 145.60 m). The 15.6 m sample is at the bottom of the hole, indicating mineralization to be potentially open at depth. | |
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