Announcement Date: 2022-06-01
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Magna Gold Corp.
Project name: Margarita
Location: Mexico
Commodities: Silver
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, April 21, 2022 /CNW/ – Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) (“Magna” or the “Company”), is pleased to report the maiden mineral resource estimate (the “Resource”) for the Margarita silver deposit at its 100% owned Margarita Project (the “Margarita Project”) in Chihuahua, Mexico. Drill core and rock samples were shipped to ALS Global in Chihuahua, Chihuahua, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver. The ALS Chihuahua and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 50- gram fire assay with atomic absorption (“AA”) finish. Over limit analyses for silver were assayed by fire assay and gravimetric finish. Over limit analysis for lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.
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