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S&P Capital IQ Initiates Coverage on Magellan Minerals Ltd in Standard & Poor′s Factual Stock Reports

18.01.2012  |  Business Wire


S&P Capital IQ announced today that it has commenced Standard
& Poor′s Factual Stock Report coverage on Magellan Minerals Ltd
.


Magellan Minerals Ltd. (TSX-V: MNM; Pinksheets: MAGNF) engages in the
exploration and development of gold properties primarily in Brazil. The
company's principal properties consist of the Cuiu Cuiu project that
covers approximately 47,000 hectares and is located southwest of
Itaituba city, northern Brazil; and the Coringa gold project, which
covers 19,093 hectares and is located in the state of Para, Brazil.


MNM's Cuiu Cuiu property holdings consist of two exploration licenses,
four license applications and 76 artisanal mining claims. Exploration
drilling is currently in progress at Cuiu Cuiu with three rigs, working
to expand the current resources. The 43-101 compliant resource estimate
from March 2011 reported 0.1 Moz Indicated and 1.2 Moz inferred with an
average grade of 1.2 g/t gold. Two of the eight major anomalies on this
property are the Central and Moreira Gomes deposits. The Central Deposit
has 68 drill holes totaling 20718.79 meters, extending over
approximately 1100 meters of strike and up to 450 meters depth. The
Moreira Gomes deposit contains 42 drill holes totaling 11213.89 meters,
extending over approximately 1800 meters of strike length and to a
vertical depth of up to 350 meters.


The company announced on October 20, 2011 that it had staked an
additional 57,000 ha of ground within the Tocantinzinho Trend of the
Tapajos Gold Province. This trend is a belt of mineralization roughly
300km in strike length that has published resources totaling over five
million ounces of gold in several deposits, one of which is the Cuiu
Cuiu property.

Standard
& Poor′s Factual Stock Report coverage on Magellan Minerals Ltd.

will also be accessible on an ongoing basis to the investment community
by scores of buy-side institutions and sell-side firms that utilize S&P
Capital IQ research and information platforms daily. Millions of
self-directed investors also have access to the report via their
e-brokerage accounts. Please visit www.magellanminerals.com
for additional information.

About Standard & Poor's Factual Stock Reports


Currently profiling over 500 issuers, Standard & Poor′s Factual Stock
Reports, produced by S&P Capital IQ, increase market awareness of
issuers in the investment community with insightful commentary and key
statistics and information. Standard & Poor′s Factual Stock Reports
provide factual research coverage about company fundamentals and
business prospects, thereby enabling information about covered companies
to reach a wide investor audience of Buy and Sell-side investors.
Updated weekly with the latest pricing, trading volume, and other data,
the reports include recent developments, a financial review, key
operating information, industry and peer comparisons, institutional
holdings analysis, Street Consensus and opinions, performance charts,
business summary, fundamental data, and news. Because coverage of these
reports is underwritten by the issuer, S&P Capital IQ does not offer
investment opinions concerning the advisability of investing in these
stocks.


Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of S&P Capital IQ or related organizations. S&P
Capital IQ does not trade on its own account.

About S&P Capital IQ


S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE:MHP), is a
leading provider of multi-asset class data, research and analytics to
institutional investors, investment advisors and wealth managers around
the world. We provide a broad suite of capabilities designed to help
track performance, generate alpha, identify new trading and investment
ideas, and perform risk analysis and mitigation strategies. Through
leading desktop solutions such as Capital IQ, Global Credit Portal and
MarketScope Advisor desktops; enterprise solutions such as S&P
Securities Evaluations, Global Data Solutions, and Compustat; and
research offerings including Leveraged Commentary & Data, Global Market
Intelligence, and company and fund research, S&P Capital IQ sharpens
financial intelligence into the wisdom today′s investors need.


Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50135904&lang=en

Magellan Minerals Limited

Jennifer Duthie, 778-370-0519

Corporate
Communications Manager

Jennifer@magellanminerals.com

or

S&P
Capital IQ


Customers:

Richard Albanese, 212-438-3647

richard_albanese@standardandpoors.com

or

Media
Relations:


Michael Privitera, 212-438-6679

michael_Privitera@standardandpoors.com



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