Vancouver, BC, November 1, 2012 – Magellan Minerals Ltd. (TSX-V: MNM, OTCQX: MAGNF) (“Magellan”) is pleased to announce the results of a positive Preliminary Economic Assessment (“PEA”) on the Coringa gold project in northern Brazil. The PEA was prepared by Global Resource Engineering Ltd. (“GRE”) and is based on the updated resource defined in the National Instrument (“NI”) 43-101 compliant technical report dated May 2012. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Read the rest here: Magellan Minerals Ltd. (MAGNF: OTC Link) | Magellan Announces Positive Preliminary Economic Assessment For the Coringa Project, Brazil
