Magnus International Resources Finds Highest Gold-In-Soil Results to Date at Huidong Project Adjacent to Southwestern's Boka Property.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Huidong South Infill Soil Results and Summary of all Huidong Concession Infill Soil Gold Results Magnus International Resources, Inc. ("Magnus") ("the Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MGNU) announces that the latest infill soil sample results have been received for an additional 1,612 sites in the Huidong South area of the Huidong concession. These latest soil analysis results have provided the highest concentrations of gold and copper in soils observed to date on the Huidong Concession. The highest concentrations of gold and copper in soil were observed in a single sample containing 3014 ppb ppb abbr. parts per billion gold (over 3 g/tonne gold) and over 1% copper. This very high concentration of gold in soil occurred in a cluster of very high gold-in-soil concentrations. Of the 1,612 soil samples analyzed from the Huidong South target area, 577 soils contained greater than or equal to 20 ppb gold, 160 soils contained greater than or equal to 50 ppb gold, and 45 soils contained greater than or equal to 100 ppb gold. To date, three target areas within the Huidong Concession, designated Dingjiaping, Huidong East, and Huidong South, have been followed up with detailed infill soil sampling at a sample spacing of 80 meters x 40 meters. The well-expressed gold-in-soil features at Huidong South will be followed up with detailed mapping / surface rock sampling, and also with geophysical surveys, Transient Time Domain Electromagnetics (TEM TEM 1. transmission electron microscope. 2. triethylenemelamine. 3. transmissible encephalopathy of mink. ) and some Induced Polarization Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is (IP). The combination of detailed mapping / surface rock sampling and geophysical surveys also will be employed at Dingjiaping, where road construction is underway, and at Huidong East, where shear zones have been identified that are spatially associated with elevated gold in soil. The combined exploration programs will define drill targets. Drilling is anticipated to commence prior to July 2006. Dr. Paul Taufen, Magnus' Chief Technical Officer commented on these latest results, "3 grams per tonne gold and greater than 1 percent copper in soil from a routine soil geochemistry geochemistry, study of the chemical changes on the earth. More specifically, it is the study of the absolute and relative abundances of chemical elements in the minerals, soils, ores, rocks, water, and atmosphere of the earth and the distribution and movement of survey is highly unusual anywhere in the world. Field checking of the sample site and surrounding soil sites containing the very high gold revealed altered rocks and copper carbonate minerals Carbonate minerals are those minerals containing the carbonate ion: CO32-. Carbonate classes Anhydrous carbonates
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. East-West shear zone on the Huidong Concession. Additional site examination through brush overgrowth overgrowth Rapid growth in the sales of a mutual fund's shares to the extent that the fund has difficulty finding promising new investments or it must take such large positions in individual investments that its trading flexibility is reduced. in that site revealed two small diggings from historical artisan mining. We are excited and encouraged by all of these infill soil results and the field investigation, and are accelerating the follow-up exploration program of this area." A report, with diagrams, on the above results showing the high gold-in-soil values and gold target areas at Huidong is available at www.magnusresources.com. In addition, Magnus announces, in relation to its private placement offering of units of the Company that was initially announced on the 9 January 2004, that the board of directors of the Company on January 31, 2006, have approved extending the expiry date expiry date expire n → date f d'expiration; (on label) → à utiliser avant ... expiry date expire n → Ablauftermin m of the $1 warrants attached to the units sold in such private placement from January 31, 2006 to April 30, 2006. Magnus' board of directors also approved the increase of the exercise price of such $1 warrants, which is currently at US$1.15 per share, by US$0.025 each month starting on February 1, 2005. This increase results in an exercise price of $1.175 on February 1, 2005, $1.20 on March 1, 2005, and $1.225 on April 1, 2006. The board of directors of the Company decided to extend the expiry date of such $1 warrants in order to raise additional capital for the Company's exploration programs in China and to increase the exercise price of such warrants to encourage earlier exercise of such warrants. ABOUT MAGNUS INTERNATIONAL RESOURCES, INC. Magnus International Resources, Inc. is engaged in the acquisition, exploration and development of mineral properties, focusing primarily on gold and copper properties in China. Magnus currently retains a potential 90% interest in two Sino-foreign gold joint venture exploration projects. The Huidong property is northwest of and on trend with Southwestern Resources' Boka gold project. The Mangshi project is located within the 40km Luxi Gold Belt in western Yunnan province Noun 1. Yunnan province - a province of southern China Yunnan Cathay, China, Communist China, mainland China, People's Republic of China, PRC, Red China - a communist nation that covers a vast territory in eastern Asia; the most populous country in the world . For further information please refer to the Company's filings with the SEC on EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. or refer to Magnus' website at www.magnusresources.com. If you would like to receive regular updates on Magnus please send your email request to info@magnusresources.com. FORWARD LOOKING STATEMENTS This news release may include "forward-looking statements" regarding Magnus International Resources, Inc., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by such sections. Where Magnus expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to price volatility of gold and other metals; currency fluctuations; political, operational, and governmental approval and regulation risks in China. For a more detailed discussion of such risks and other factors, please see "Risk Factors" in our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for our most recently completed fiscal year, on file with the SEC at www.sec.gov. This document also contains information about adjacent properties on which Magnus has no rights to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not necessarily indicative of mineral deposits on Magnus' properties. |
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