Magna Terra Minerals Inc. reports that its board of directors has approved the settlement of up to $572,256.61 of debt through the issuance of common shares of the Company . Pursuant to the Debt Settlement, the Company would issue 11,445,131 common shares of the Company at a deemed price of $0.05 per Share to certain creditors of the Company, including certain of its directors and officers . The issuance of the Shares to [...]
Magna Terra Minerals Inc. is pleased to announce results from a ten hole, 860 meter, diamond drill campaign on the Piedra Negra project in the Santa Cruz Province of Argentina. The project is within 30 km of the Vanguardia Gold Mine . The drill program was completed in December 2018. Assays for holes PN_DDH001 through 9 have recently been received. Au 90 M PN_DDH_006. Executive Summary: The Company has completed a first [...]
Magna Terra Minerals Inc. is pleased to announce assay results from the first hole of an 8 hole first phase drill program on its Luna Roja Project in Santa Cruz Province, Argentina announced on January 14, 2019 and completed on January 31, 2019. The program was designed to test 3 target areas – Cruz Del Sur, Orion, and Estrella del Norte covering an approximate strike length of 1.8 km. This hole tested the Cruz del [...]
Magna Terra Minerals Inc. is pleased to announce the commencement of drilling on the Luna Roja Project in Santa Cruz Province. The Luna Roja Project is 100% owned by Magna Terra. The Project is located on the northern edge of the Deseado Massif, approximately 75 km to the NW of the new Don Nicolas mine and 30 km to the N-NW the Las Calandrias project. Luna Roja is a low sulphidation Au/Ag project with significant [...]
Magna Terra Minerals Inc. is pleased to announce the closing of the first tranche of its non-brokered private placement announced November 6, 2018. A total of 8,000,000 units for gross proceeds of $400,000 were issued in this first tranche closing. Each Unit was priced at $0.05 and consists of one common share and one half of one common share purchase warrant . Each whole Warrant entitles the holder to purchase one common [...]
Executive Summary: Magna Terra Properties and Santa Cruz Endowment Piedra Negra Geological Map and Au Rock Chips Piedra Negra Collar Proposals Over IP Resistivity Map IP Section 9000 with Drill Proposals DDH_003 and 4 IP Section 7600 with Drill Proposal DDH_009 The Company has commenced a first phase, 9 hole drill program comprising approximately 1,000 meters at the Piedra Negra Project, Santa Cruz Province, Argentina [...]
Magna Terra Minerals Inc. is pleased to announce the offering of a non-brokered private placement of up to 15,000,000 units for up to $750,000 . Each Unit is priced at $0.05 and consists of one common share and one half of one common share purchase warrant . Each whole Warrant entitles the holder to purchase one common share at a price of $0.10 per Warrant Share for a period of until two years following the closing of [...]
Luna Roja Project and Piedra Negra Projects to be tested with 17 holes and 2,000 m of drilling Magna Terra properties and Santa Cruz endowment Luna Roja collar proposals, trenching, IP lines and Au rock chips Soil Au raster with composite chargeability and Au rock chips Piedra Negra geological map and Au rock chips Piedra Negra collar proposals over IP resistivity map Executive Summary: The company has conducted extensive [...]
Magna Terra Minerals is pleased to announce that it has completed the sale of 10 million common shares of Northern Superior Resources at a price of $0.04 per share, for gross proceeds of $400,000. The Company sold the shares to Thorsen Fordyce Merchant Capital, a company related to the President of Magna Terra in a transaction facilitated through the TSX Venture Exchange at the then asking price. This transaction is a [...]
Magna Terra Minerals is pleased to provide an update on its exploration activities in Santa Cruz Province, Argentina. Our main activities concentrated on generating drill targets from geophysical surveys carried out during 2017. The geophysical program, included 21-line kms of ground magnetometry, 3-line kms of induced polarization at Gertrudis, and 7.5-line kms of CSAMT at El Meridiano. Analysis of all new data at El [...]
Magna Terra Minerals is pleased to update on its exploration activities in Santa Cruz Province. Exploration activity in 2017 on 24 properties defined by 7 distinct land packages totaling over 100,000 hectares. Activities were concentrated in Q3 and Q4 when geophysical surveys were completed on 5 projects including Piedra Negra, Covadonga, El Meridiano, Gertrudis, and La Rosita; as well as a 696-sample soil program at [...]
Further to the press release dated September 8, 2017, Magna Terra Minerals is pleased to announce that the Company, its subsidiary, Atala Resources Argentina SA and Renaissance Gold have closed their Amending Agreement which modifies their existing property acquisition agreement. The Amending Agreement terminates certain rights RenGold retained for future cash payments in the event of Atala raising cumulative equity [...]
