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Magna Terra Minerals Inc.
Summary
| Project: | Piedra Negra | |
|---|---|---|
| Deposit: | Piedra Negra | |
| Location: | Argentina | |
| Commodities: | Gold | |
| Date: | 3/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-3-2019: Magna Terra Minerals Inc. announces an Exploration/Drilling Update report for its Piedra Negra deposit at the Piedra Negra project. Drilling results incl. 2.0m @ 0.655g/t Au from 14m. Toronto, Ontario, March 19, 2019 – Magna Terra Minerals Inc. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Robinson (Internal) | |
| ABSTRACT: | Toronto, Ontario, March 19, 2019 – Magna Terra Minerals Inc. (the “Company” or “Magna Terra”) (TSX-V: MTT) (SSE: MTTCL) is pleased to announce results from a ten hole, 860 meter, diamond drill campaign on the Piedra Negra project in the Santa Cruz Province of Argentina. The project is within 30 km of the Vanguardia Gold Mine (Anglo Gold Ashanti - see figure 1). The drill program was completed in December 2018. Assays for holes PN_DDH001 through 9 have recently been received. The Company has completed a first phase drill program at its Piedra Negra Project, Santa Cruz Province, Argentina. Drill hole PN_DDH006 intersected 2.0 m of 0.655 g/t Au (from m 14 to 16) and then 1.0 m of 0.18 g/t Au (from m 26 to 27) (Table 2). The hole collared in argillized tuffs, and after 14 m, cut low sulphidation vein material. Further anomalous intercepts are reported in Holes PN_DDH001, 2, 4 and 7 and occur over an area of 700 by 500 m in the Vetas Hermanas and Puyutano Dome areas. The Piedra Negra project is composed of four areas which we term, Puyutano Dome, Vetas Hermanas (including the Brunella, Emily, Valentina and Jazmin veins), Vetas Ocultas and Domos de Piedra Negra. These areas are illustrated with geology and surface rock chip Au in Figure 2. In this campaign we partially tested the Elizabeth vein at the southern edge of the Puyatano Dome Area. We also tested the Vetas Hermanas Area and the Domos de Piedra Negra down to around 100 m. The Vetas Ocultas Area remains un-tested. | |
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