Magna Terra Minerals Inc. is pleased to announce that, subject to all regulatory approvals, the Company intends to complete a non-brokered Private Placement of gross proceeds up to $600,000 . The Offering will consist of an issuance of common shares of the Company at a price of $0.03 per share for a total issuance of up to 20,000,000 common shares. The Company expects that insiders of the Company may participate in the [...]
Magna Terra Minerals Inc. is pleased to announce that Opus One Resources Inc. have provided a detailed summary report of its exploration program undertaken to date on the Noyell Project , located in the province of Quebec. In addition, Opus One has made the fourth anniversary option payment to Magna Terra of $100,000 under the option and purchase agreement . The Noyell Project covers an area of 2,536 hectares and is [...]
Magna Terra Minerals Inc. is pleased to announce through its 100% owned Argentine subsidiary Atala Resources S.A. , that Oroplata S.A. , a subsidiary of Newmont Corporation , has provided a detailed summary report of its initial exploration program undertaken to date on the Boleadora Project. In addition, Oroplata has made the third anniversary option payment of US$100,000 to Atala under the option agreement . The [...]
Magna Terra Minerals Inc. is pleased to announce that it has earned a 100% interest in its flagship Great Northern Project , located in western Newfoundland, having recently renegotiated final payment terms with Spruce Ridge Resources Ltd. on the Viking and Kramer Property option agreements . In addition to renegotiating the Agreements to reduce certain cash payments in favour of equity, Magna Terra and Spruce Ridge have [...]
Magna Terra Minerals Inc. announces that Mr. Denis Hall has resigned his seat on the Board of Directors and will be replaced by Mr. Gernot Wober. Mr. Wober is a professional geologist and has over 32 years of international experience, including substantial time spent in Latin America. Mr. Wober is currently the VP Exploration for Discovery Silver Corp. where he started in 2018, and in 2019 identified the Cordero silver [...]
Magna Terra Minerals Inc. is pleased to announce that all resolutions proposed to shareholders at the annual and special meeting held today were duly passed. All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below. Nominee Votes For % For Votes Against % Against Lewis Lawrick [...]
Magna Terra Minerals Inc. is pleased to announce through its 100% owned Argentine subsidiary Atala Resources S.A. that Oroplata S.A. , a subsidiary of Newmont Corporation , has completed an initial exploration program on the Boleadora Project. The Boleadora Project is a large greenfields exploration land package encompassing 12 individual Manifestacion de Descubrimientos or exploration licenses situated 17 kilometres [...]
Magna Terra Minerals Inc. is pleased to announce results of a gold geochemical sampling program , as announced on October 12, 2022, at its flagship 100%-owned Great Northern Project , located in western Newfoundland. Great Northern is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike with the potential to host multi-million-ounce gold [...]
Magna Terra Minerals Inc. is pleased to announce results of the 2022 geochemical sampling program at its flagship 100%-owned Great Northern Project , located in western Newfoundland. The geochemical sampling program comprised collection of 2,528 B-horizon soil samples at the Furnace and Jacksons Arm Gold Trends and has successfully identified six new gold targets on the Great Northern Project . The Company is focused on [...]
Magna Terra Minerals Inc. is pleased to announce that it has amended the option agreement on its 100%-controlled Hawkins Love Gold Project , located in Southern New Brunswick . The Amendment Agreement allows the Company to lower near-term cash and share issuance obligations while we continue to assess the potential for the Property to host gold mineralization. The Company is also pleased to provide an update on [...]
Magna Terra Minerals Inc. is pleased to announce that it has commenced an exploration program at its flagship 100%-owned Great Northern Project , located in western Newfoundland. Great Northern is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 25+ kilometre strike. The Project is located within a geological setting analogous to the nearby Valentine Gold [...]
Magna Terra Minerals Inc. announces that it has entered into an Amendment Agreement regarding its Cape Spencer Project in southern New Brunswick. Under the original terms of the Cape Spencer option agreement, the Company could earn a 100% interest in the Cape Spencer Property by paying the Optionors a total of $300,000 in cash and $145,000 in milestone payments based on certain exploration activities in cash or equivalent [...]
