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Magellan Minerals Intersects New Gold Zone at Cuiu Cuiu

By Joel ScanlonSep 11 2011

Magellan Minerals has reported finding a new zone of gold mineralization situated nearly 360 meters north of the Central zone at the ‘Cuiu Cuiu’ project in Brazil. The previously unrecognized zone which has a significant resource estimate has now been named Central North.

39.4m at 1.25g/t gold was intersected in hole 131, located 360m due north of hole 118. In hole 125, there was at 13m at the rate 0.58g/t gold in the extreme eastern part of the Moreira Gomes zone confirming that the Moreira Gomes zone remains open to the east. 2m @ 6.29 g/t gold in hole 135 at the Jerimum Baixo zone located between Central and Moreira Gomes.

Alan Carter, President & CEO of Magellan said that the Hole 131 was the most important hole reported to date from the 2011 drill program at ‘Cuiu Cuiu’ and was a significant new discovery. They were excited by the potential of the Central North zone to grow into a third mineralized body at ‘Cuiu Cuiu’ and looked forward to the results of further drilling.

Oriented drill core measurements suggest the gold mineralization intersected in hole 131 trends NW-SE similar to the main Central mineralized zone and the large-scale Tocantinzinho shear that transects the property. Extensive historic gold placer workings occur approximately 500m north of the drill hole’s location within the Pau de Merenda creek. Additional drilling aimed at defining the strike and down dip extent of this zone is in progress.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Magellan Minerals Intersects New Gold Zone at Cuiu Cuiu. AZoMining. Retrieved on November 22, 2024 from https://www.azomining.com/News.aspx?newsID=4912.
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Scanlon, Joel. "Magellan Minerals Intersects New Gold Zone at Cuiu Cuiu". AZoMining. 22 November 2024. <https://www.azomining.com/News.aspx?newsID=4912>.
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Scanlon, Joel. "Magellan Minerals Intersects New Gold Zone at Cuiu Cuiu". AZoMining. https://www.azomining.com/News.aspx?newsID=4912. (accessed November 22, 2024).
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Scanlon, Joel. 2019. Magellan Minerals Intersects New Gold Zone at Cuiu Cuiu. AZoMining, viewed 22 November 2024, https://www.azomining.com/News.aspx?newsID=4912.