Highlights
Assays from 26 g/t Au outline a broad area (5 km x 2 km) of structurally controlled gold mineralization in gneiss and granites343 samples taken at San Judas with 77 (22%) greater than 0.50 g/t Au.TORONTO and NEW YORK, Jan. 08, 2020 (GLOBE NEWSWIRE) — Magna Gold Corp (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Corporation“), is pleased to report positive gold assays from San Judas. The terms of the acquisition of San Judas property are detailed in our September 30, 2019 press release.Magna Gold has fielded a team of geologists to San Judas and have been making good progress mapping and sampling the property. The company has flown key areas with a drone to produce high definition maps. Magna geologists have been mapping and sampling the many historical gold mines on the property and expanding their work to adjacent structures and parallel structures to numerous historical mining trends that are on the property. Historical workings extend over kilometers at San Judas and to date, Magna’s work has been positive.President and CEO, Arturo Bonillas stated: “These sample results confirm our expectations for San Judas as a tier 1 exploration property. The address is right, the rocks are right, and the assays are right. We are evaluating our geologic and geochemical data to design a drill program for San Judas in 2020.”San Judas Highlights:
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