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Magellan Minerals Ltd. (TSX-V: MNM) is a well financed Canadian-based junior exploration company focused on mineral exploration and development in the state of Para in northern Brazil. The Company has interests in a number of properties in the Tapajos region which has a historic gold production estimated at 20-30Moz of gold. The Company has two advanced gold projects.
Cuiu Cuiu: 1.2Moz Inferred (31Mt @ 1.2g/t) + 0.1Moz Indicated (3.4MT @ 1.0g/t)
Coringa: 0.3Moz Indicated (1Mt @ 8.5g/t) + 0.1Moz Inferred (0.3Mt @ 9.3g/t)