Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
Magellan Minerals Ltd.: Feasibility Study Resource Estimate at Coringa Returns Increases in Both Grade and Total Resources in the Measured and Indicated Category
Published : April 08, 2015
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2015) - Magellan Minerals Ltd. (News - Market indicators) ("Magellan") is pleased to announce an updated National Instrument 43-101 compliant feasibility level resource estimate prepared by Snowden Mineral Industry Consultants ("Snowden") for the Coringa Project, Para State, Brazil.

Highlights include:

  • Measured and Indicated resources of 553,000 ounces of gold representing 2.18Mt @ 7.88 g/t gold @ a 2.5g/t cut-off. These compare with the existing M&I resource of 516,000oz representing 2.22Mt @ 7.23g/t gold at a 2g/t cut-off. Grade has thus increased by 9% and the total number of ounces has increased by 7% despite the higher cut-off grade.
  • Inferred resources of 360,000 ounces of gold representing 2.06Mt @ 5.43 g/t gold at a 2.5 g/t gold cut-off grade. These compare with the existing Inferred resources of 405,000oz of gold, representing 2.66Mt @ 4.73 g/t gold at a 2g/t cut-off. The grade of the Inferred resource has thus increased by 15% since the previous estimate.
  • at a 2.5 g/t gold cut-off grade, primary resources are contained within four main areas on the project which include Serra (43% of Measured and Indicated, 9% of Inferred), Meio - Come Quieto (35% of Measured and Indicated, 42% of Inferred), Galena - Mae de Leite (21% of Measured and Indicated, 19% of Inferred) and Demetrio (30% of Inferred).

Three main zones now form the basis of the Measured and Indicated resources at Coringa which were calculated based on 179 diamond drill holes, totaling 28,436 meters. The Valdette zone does not meet the 2.5 g/t cut-off threshold and will be the target of future drill programs. All of these zones remain open at depth. Serra, Meio-Come Quieto and Demetrio remain open along strike.

All data was composited to the entire intersection length within the mineralization domain. The experimental variogram of gold grade was calculated in the XZ plane due to the thickness of the veins. Gold grades were estimated within each individual vein using ordinary kriging of 1m by 10m by 5m parent blocks using composites with top cuts.

Magellan's President and CEO, Alan Carter stated, "We are very encouraged by Snowden's revised resource estimate at Coringa which forms a key component of the ongoing feasibility study. Despite the use of a higher cut-off grade of 2.5g/t we have been able to increase the M&I resources by 7% and the grade by 9% which bodes well for the mine plan."

Tables 1 and 2 show the resources calculated on a global basis at various cut-off grades and at a 2.5 g/t cut-off grade for each zone and category at Coringa respectively.

Table 1: Coringa Global Mineral Resource vs Cut-Off Grade (Undiluted)

Cut-off grade Measured Indicated Total Measured & Indicated Inferred
Au g/t Tonnes Au
g/t
Au oz
(000's)
Tonnes Au
g/t
Au oz
(000's)
Tonnes Au
g/t
Au oz
(000's)
Tonnes Au
g/t
Au oz
(000's)
1 274,250 12.49 110 3,269,540 4.80 505 3,543,790 5.40 615 3,176,080 4.05 413
1.5 274,200 12.49 110 2,380,090 6.16 471 2,654,290 6.81 581 2,477,600 4.86 387
2 273,670 12.51 110 2,099,330 6.76 456 2,373,010 7.42 566 2,291,600 5.11 376
2.5 266,400 12.79 110 1,913,490 7.20 443 2,179,900 7.88 553 2,062,060 5.43 360
3 255,700 13.35 109 1,785,070 7.52 432 2,040,770 8.23 541 1,804,640 5.80 336
3.5 246,660 13.57 108 1,709,400 7.71 424 1,956,078 8.45 532 1,692,964 5.96 325
4 236,890 13.98 106 1,612,960 7.94 412 1,849,850 8.72 518 1,381,250 6.45 286
4.5 227,970 14.36 105 1,432,920 8.40 387 1,660,897 9.22 492 1,259,460 6.66 270
5 215,940 14.89 103 1,310,180 8.75 368 1,526,120 9.62 471 1,077,130 6.99 242
5.5 207,870 15.27 102 1,164,670 9.18 344 1,372,540 10.10 446 849,350 7.45 203
6 204,450 15.42 101 1,026,300 9.64 318 1,230,760 10.60 419 600,820 8.15 157

Table 2: Coringa Mineral Resource, 2.5 g/t Gold Cut-Off Grade (Undiluted)

Resource Area Tonnes Au (gpt) Au (grams) Au (oz)
Measured
Serra 144,000 11.84 1,703,000 55,000
Valdette
Meio - Come Quieto 86,000 14.14 1,215,000 39,000
Galena - Mae de Leite 37,000 13.35 489,000 16,000
Demetrio
Total 267,000 12.79 3,407,000 110,000
Indicated
Serra 647,000 8.86 5,734,000 184,000
Valdette
Meio - Come Quieto 805,000 6.06 4,881,000 157,000
Galena - Mae de Leite 461,000 6.85 3,159,000 102,000
Demetrio
Total 1,913,000 7.20 13,774,000 443,000
Measured & Indicated
All Areas 2,180,000 7.88 17,181,000 553,000
Inferred
Serra 136,000 7.66 1,043,000 34,000
Valdette
Meio - Come Quieto 814,000 5.76 4,687,000 151,000
Galena - Mae de Leite 342,000 6.33 2,166,000 70,000
Demetrio 770,000 4.29 3,305,000 106,000
Total 2,062,000 5.43 11,200,000 360,000

NOTE: Mineral resources that are not reserves do not have demonstrated economic viability. An Inferred Mineral Resource is that part of a mineral resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. An Indicated Mineral Resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The resource estimate used a density of 2.75 t/m3. All numbers have been rounded to reflect their appropriate level of accuracy.

The Coringa mineral resource estimate was prepared by Mr. Walter Dzick, P.Geo., a registered Professional Geologist with APEGBC and Principal Geologist at Snowden Mining Industry Consultants, as part of the ongoing Feasibility Study at Coringa. The mineral resource estimate adheres to the Canadian Institute of Mining (CIM) "Best Practice Guidelines" for "Estimation of Mineral Resources and Mineral Reserves". Mr. Dzick is an "independent" and "qualified person" as such terms are defined in NI 43-101.

The complete NI 43-101 compliant feasibility report on the Coringa project will be filed on SEDAR within the next 45 days. The full Feasibility Study is on schedule for completion during April 2015.

Magellan also announces that it has entered into a non-exclusive advisory agreement with a third party pursuant to which the advisory firm will provide financial advisory services to Magellan in connection with the securing of financing. As part of the agreement, Magellan will pay the advisor a success fee in the event of the completion of a financing transaction and subject to TSX-V approval, Magellan will pay a work fee of $50,000 payable in common shares of the company in two equal tranches of $25,000 each. Magellan will initially issue 312,500 common shares to the advisor in connection with the first tranche at a deemed price of $0.08 per share. The shares relating to the remaining 50% of the work fee are to be issued on the earlier of 90 days following the date of the advisory agreement and the date of closing of a financing transaction (as defined in the agreement). All shares issued will be subject to a four month hold period.

Magellan is a TSX Venture Exchange listed exploration and development company with a number of gold properties in the Tapajos Province of northern Brazil including the Cuiu Cuiu and Coringa projects. The Coringa project is the focus of a soon to be completed feasibility study, which will provide guidance to the company in order to make a decision on financing and production.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

News Release #2015-3

Magellan Minerals Ltd

EXPLORATEUR
CODE : MNM.V
ISIN : CA55908M1086
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Magellan est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont PORQUINHO, CORINGA, MARANHENSE, MATO VELHO, JERIMUM BAIXO, UNIÃO, NHAMUNDÁ et CUIU CUIU au Bresil.

Magellan est cotée au Canada. Sa capitalisation boursière aujourd'hui est 15,4 millions CA$ (12,0 millions US$, 10,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 17 décembre 2010 à 1,94 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,03 CA$.

Magellan possède 205 850 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de Magellan Minerals Ltd
24/12/2009Completes $21 Million Brokered Private Placement
03/06/2010Completes $7.5 Million Brokered Private Placement
11/12/2009Announces $20 Million Brokered Private Placement
Nominations de Magellan Minerals Ltd
05/07/2011Gord Allen Joins Magellan as Head of Regional Exploration
Projets de Magellan Minerals Ltd
08/04/2015(Coringa).: Feasibility Study Resource Estimate at Coringa Returns In...
29/08/2013(Coringa)Reports Results from Infill Drilling at the Coringa Project,...
27/06/2013(Coringa)Confirms Metallurgical Results as Part of Feasibility Study ...
17/04/2013(Coringa)Provides Update on Feasibility Study at the Coringa Project,...
12/03/2013(Coringa)Commences Drilling at Coringa as Part of Feasibility Study
05/02/2013(Cuiu Cuiu)Reports Results from Exploration Drilling at Cuiu Cuiu Proje...
15/01/2013(Coringa)Announces the Initiation of a Feasibility Study for the Cori...
11/10/2012(Cuiu Cuiu).: Channel Sample Results From Ivo Zone at Cuiu Cuiu Return ...
28/06/2011(Coringa)Adds Third Drill Rig at Coringa Project and Identifies New M...
12/04/2011(Coringa)Surface sampling at Coringa project extends main structure 3...
08/04/2011(Coringa)Trench Results from the New Valdette Zone at Coringa, Brazil...
08/04/2011(Coringa)Trench results from the new Valdette zone at Coringa, Brazil...
08/03/2011(Cuiu Cuiu)Announces Initial Resource Estimate at Cuiu Cuiu Project, Br...
08/06/2010(Cuiu Cuiu)Drills 136.2m at 0.91g/t Gold and Extends Central Zone by 23...
27/05/2010(Coringa)Extends Meio Zone at Coringa Project and Expands Drill Progr...
18/05/2010(Coringa)Options an Additional 1,917 Hectares East of Coringa Gold Pr...
07/04/2010(Coringa)Provides Update on Coringa Project
28/09/2009(Cuiu Cuiu)Commences Drilling at Cuiu Cuiu
14/09/2009(Cuiu Cuiu)Provides Exploration Update on Cuiu Cuiu and Coringa Project...
Communiqués de Presse de Magellan Minerals Ltd
19/01/2016Magellan Makes US$500,000 Troy Payment
18/12/2015Magellan Extends Troy Agreement; Ken Nilsson Joins Magellan ...
03/11/2015Magellan Expands Non-Brokered Private Placement to $1,100,00...
24/09/2015Magellan Pays Troy Deposit Regarding Andorinhas Processing P...
23/09/2015Magellan Appoints Zengliang Li to Board of Directors
26/08/2015Magellan Agrees to Acquire Andorinhas Processing Plant, Asso...
04/08/2015Magellan Announces $500,000 Non-Brokered Private Placement
08/04/2015Feasibility Study Resource Estimate at Coringa Returns Incre...
08/04/2015Magellan Minerals Ltd.: Feasibility Study Resource Estimate ...
02/12/2014Magellan Completes Third and Final Tranche of $3,000,000 Pri...
17/10/2014Magellan Completes Second Tranche of $3,000,000 Private Plac...
23/09/2014Magellan Completes First Tranche of $3,000,000 Private Place...
04/09/2014Magellan Announces $3,000,000 Private Placement
11/08/2014Magellan Completes Shares for Debt Settlement
31/07/2014Magellan Enters Into Debt Settlement Agreement
06/05/2014Termination of Letter of Intent on Pocone Project, Brazil
11/09/2013(Coringa)Drills 3m @ 12.58 g/t Gold and Extends Three Key Zones at th...
12/06/2013(Coringa)Agrees Financial Advisory Role with Endeavour Financial for ...
12/12/2012(Coringa)Announces the Filing of a Preliminary Economic Assessment fo...
14/11/2012(Cuiu Cuiu)Commences Drilling at Ivo and Ratinho Targets, Cuiu Cuiu Pro...
01/11/2012(Coringa)Announces Positive Preliminary Economic Assessment for the C...
23/10/2012(Cuiu Cuiu)Trenching Returns 5m @ 54.8g/t Gold from the Ivo Zone at Cui...
12/07/2011(Coringa)Reports Initial Drill Results Including 36.7m @ 0.79g/t Gold...
31/05/2011Announces Voting Results of 2011 Shareholders Meeting
17/05/2011(Coringa).: Trench Results From Coringa Expand Valdette Zone and Iden...
12/05/2011(Cuiu Cuiu)Drills 24m @ 4.06 g/t Gold at Eastern Extension to Moreira G...
29/04/2011Adopts Shareholder Rights Plans and Grants Stock Options
08/04/2011is Pleased to Announce that National Bank and Mackie Researc...
18/08/2010Drills 84m @ 1.24 gold and extends mineralized zone by 600m ...
22/07/2010Drills 112m of 1.70g/t Gold at Moreira Gomes
08/07/2010Drills 53.6m @ 1.3g/t Gold and Continues to Expand Central Z...
23/06/2010Drills 32.1m @ 1.05g/t gold at Moreira Gomes
18/11/2009Signs Deal to Acquire Majority Interest in Creporizinho Gold...
14/05/2010Announces up to $7.5 Million Equity Financing
28/01/2010Drills 82.5m @ 1.02 g/t Gold and Extends Central Zone
05/01/2010Commences Preliminary Economic Assessment at Coringa
08/10/2009Reports Initial Resource Estimate at Coringa Project
01/09/2009Completes Plan of Arrangement with Chapleau
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (MNM.V)
0,075-6.25%
TSX-V
CA$ 0,075
05/05 12:11 -0,010
-6,25%
Cours préc. Ouverture
0,080 0,080
Bas haut
0,075 0,085
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,075 -6,25%
Volume var. 1 mois
35 000 -6,25%
24hGold TrendPower© : 7
Produit
Développe
Recherche Bauxite - Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 09/06/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,25 AU$-1,23%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
5,37 US$-6,93%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,76 GBX+2,16%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-11,11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,01 CA$-1,95%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,43 CA$-1,40%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,18 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,31 AU$+3,33%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,38 CA$-4,80%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
66,55 US$-2,79%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+3,45%Trend Power :