Magna Terra Minerals Inc. is pleased to announce that it has completed its planned trenching program at the Fossil Hill Zone on its Rocky Brook Project , located in the prolific Bathurst Mining Camp of northern New Brunswick . The Fossil Hill Zone is part of the 15-kilometre-long Boudreau Brook-Fossil Hill Trend and is located 5.5 kilometres to the north-northwest of Canadian Copper Inc.'s Caribou Mill Complex . Trenching [...]
Magna Terra Minerals Inc. is pleased to announce results from its initial exploration work program on the Fournier Lake Gold Property, Rocky Brook Project , located in the prolific Bathurst Mining Camp of northern New Brunswick . A total of 91 rock grab samples* were collected from the area of gold mineralization discovered in 2023 by prospector Tim Lavoie . The area consists of northeast striking altered gabbro hosted [...]
Magna Terra Minerals Inc. is pleased to announce that it has received analytical results from a soil geochemical survey over its recently discovered zone of copper mineralization along the Hughes Lake Trend at its 100% owned Humber Copper-Cobalt Project located in western Newfoundland. The Company has also received additional rock grab sample assays from the discovery area that outline the 2.2-kilometre long and recently [...]
Magna Terra Minerals is pleased to announce that it has identified five high priority targets with a cumulative strike length of a minimum of 30 kilometres at it's Rocky Brook Project. These new targets were identified via a combination review and targeting analysis of regional airborne geophysical data sets and a comprehensive machine learning study completed utilizing Windfall Geotek Corp.'s AI System. Based on the [...]
Magna Terra Minerals and Andean Metals are pleased to announce that they have entered into a Definitive Option Agreement for Andean Metals to have the right to acquire a 100% interest in the Luna Roja Project. Under the terms of the Agreement, Andean can earn a 100% interest in the Project for total consideration of C$2,375,000 payable in cash and Andean common shares as outlined below: Luna Roja Term Cash Cash / Share [...]
Magna Terra Minerals is pleased to announce that it has received airborne magnetic and electromagnetic data from its recently completed VTEM™ Plus survey completed at its 100% owned Humber Copper-Cobalt Project located in western Newfoundland. Preliminary review of the geophysical data indicates the presence of zones of conductivity that are spatially coincident with cobalt-bearing lake sediments, as further [...]
Magna Terra Minerals is pleased to announce that it has completed its final option payments on two separate option agreements, the Cape Spencer and Marigold options, on the greater Cape Spencer Project located in southern New Brunswick and now owns a 100% interest in the property. "The Cape Spencer Project represents a unique opportunity for Magna Terra shareholders to participate in the discovery upside of an emerging [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed its previously announced non-brokered premium flow-through private placement of gross proceeds totalling $2,000,004.08 . The Offering consisted of an issuance of 14,814,845 premium flow-through common shares of the Company at a price of $0.135 per common share. "We are very pleased with the investor response and resulting demand for this oversubscribed [...]
Magna Terra Minerals is pleased to announce that it has received initial assays from prospecting at its recently discovered zone of copper mineralization on the 100% owned Humber Copper-Cobalt Project. A total of 61 rock samples were collected during an initial phase of prospecting with 5 samples selected for rush analysis. The rushed rock float and outcrop samples^ returned between 0.07% and 1.26% Cu, and between 0.2 and [...]
Magna Terra Minerals Inc. is pleased to announce that due to significant investor interest, it has upsized its previously announced premium flow-through financing by $1,000,000 for total gross proceeds of $2,000,000. The fully subscribed Offering will now consist of an issuance of premium flow-through common shares of the Company at a price of $0.135 per share for a total issuance of 14,814,812 premium flow-through common [...]
Magna Terra Minerals Inc. is pleased to announce that, subject to all regulatory approvals, the Company intends to complete a non-brokered premium flow-through private placement of gross proceeds totalling $1,000,000 . The fully subscribed Offering will consist of an issuance of premium flow-through common shares of the Company at a price of $0.135 per share for a total issuance of 7,407,407 premium flow-through common [...]
Magna Terra Minerals Inc. and Andean Metals Corp. are pleased to announce that they have entered into a non-binding Letter of Intent for Andean Metals to have the right to acquire a 100% interest in each of the Luna Roja-Signos Project and Boleadora Project , collectively the "Projects", located in Santa Cruz Province, Argentina from the Company . Under the terms of the LOI, Magna Terra has granted Andean Metals the [...]
