VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 07/21/11 — Magellan Minerals Ltd. (TSX VENTURE: MNM) ("Magellan") is pleased to report results on an additional 11 drill holes from the Cuiu Cuiu project in Para, Brazil, where current resources total 0.1 Moz (3.4Mt @ 1.0 g/t) of gold in the indicated category and 1.2 Moz (31Mt @ 1.2 g/t) of gold in the inferred category. All of the holes reported here are step-out holes drilled to test possible extensions to the Central and Moreira Gome
