SOURCE: American Magna Corp.
HENDERSON, NV--(Marketwired - March 20, 2014) - American Magna Corp. (OTCBB: AMGC) is pleased to provide an update of its Bell Flat property for its shareholders.
The Bell Flat Project is comprised of 11 unpatented mining claims covering a total of 220 acres located within the Walker Lane trend, Churchill County, Nevada. The property is located approximately 15 miles north of Gabbs, Nevada and 25 miles north of the Paradise Peak mine.
A recent site visit to the Bell Flat Project by American Magna president Herb Duerr and company director Doug McGibbon resulted in a positive outlook on the potential of the property.
It appears that an increase in magnesium occurs near the contact of a felsic intrusive. The intrusive may be sill-like in nature based on past drilling. The increase in magnesium may be due to an alteration areole around the intrusion causing dolomitization of the limestone.
Additional areas of alteration away from the obvious felsic intrusion were also observed. Samples were collected from these areas to determine if magnesium is elevated from background levels. Based on auger sampling conducted in 2005, the highly elevated levels of magnesium extend over an area as much as 500 feet wide and 1800 feet in length. Further sampling is necessary to determine the scope and breadth of the elevated values of magnesium.
"Future work proposed on the Bell Flat project includes additional geologic mapping and petrographic studies," said Mr. Duerr. "This will define the alteration extent and types of minerals, lithologies and structure that may help enhance our knowledge of the mineralization."
About American Magna Corp.
American Magna Corp. is a U.S. based magnesium exploration and development company. American Magna is publically traded on the OTCBB.
Forward Looking Statements
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov.