Magna Terra Minerals Inc. is pleased to announce that it has made milestone option payments to Spruce Ridge Resources Ltd. . per the Amended Option Agreements for the Viking and Kramer Properties that are part of the Company's Viking Project located in western Newfoundland. The option payment consideration of $75,000 consisted of a cash payment of $51,388.78 as well as the issuance by Magna Terra to Spruce Ridge of [...]
Soil assays up to >10 g/t gold Five Gold Targets identified Coinciding with major fault zones Magna Terra Minerals Inc. is pleased to announce that it has received results from its first phase exploration program completed in 2021 on its 100%-controlled Hawkins Love Gold Project , located in Southern New Brunswick. The Company acquired the grass roots project in November 2020 after recognizing that the Project is in a [...]
Magna Terra Minerals is pleased to announce that it has received assay results from its recently completed drilling program at the Rattling Brook Deposit on its 100% owned Great Northern Project. Drilling consisted of 10 drill holes totalling 1,253 metres and was designed to test potential geological controls on gold mineralization by northwesterly trending faults. The Company has also received assays from a mapping and [...]
Magna Terra Minerals Inc. is pleased to announce that it has identified several priority geophysical Induced Polarization chargeability targets for drill testing at Great Northern to on its 100% owned Great Northern Project , located in western Newfoundland. The IP Targets are located near the existing mineral resources at the Rattling Brook Deposit and are significant because similar IP anomalies are coincident with the [...]
Magna Terra Minerals Inc. is pleased to announce that it will be presenting at Virtual Investor Day V sponsored by Laurentian Bank Securities. Mr. Lew Lawrick, President and CEO will provide an in-depth update on the Company at 4:00 PM ET, December 7, 2021. VID V provides a unique and completely interactive experience for feature companies and participants. Feature companies will have 30 minutes to outline their [...]
Magna Terra Minerals Inc. is pleased to announce that it has intersected broad zones of sulfide and arsenopyrite ) mineralization and alteration within and adjacent to the Apsy Zone of the Rattling Brook Deposit on its 100% owned Great Northern Project , located in western Newfoundland. The Apsy Zone and adjacent Apsy Feeder Zone were tested as part of a recently completed 10 drill hole , 1,253 metre diamond drilling [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed a second and final closing of its non-brokered Private Placement totalling $415,000. Due to oversubscribed demand, the Company increased the offering to $1.2 million in common share units. The Company issued a total of 12 million common share units at a price of $0.10 per unit. Each common share unit consisted of one common share and one-half of one [...]
Magna Terra Minerals Inc. is pleased to announce that it has started a 1,000 metre diamond drilling program designed to test specific opportunities to expand the Rattling Brook Deposit on its 100% owned Great Northern Project , located in western Newfoundland . The targets were generated based on recent mapping and prospecting programs as well as a comprehensive review of historic data, which identified the Apsy Feeder [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed a first closing of its non-brokered Private Placement totalling $785,000. Due to oversubscribed demand, the Company has increased the offering to up to $1.2 million in common share units. The Company now plans to issue a maximum of 12 million common share units at a price of $0.10 per unit. Each common share unit will consist of one common share and [...]
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 up to $1 million in common share units. The Company plans to issue up to 10 million common share units at a price of $0.10 per unit. Each common share unit will consist of one common share and one-half of one common share purchase warrant, each full warrant being [...]
Magna Terra Minerals Inc. is pleased to announce that it has identified several priority targets for drill testing including, an opportunity to expand on existing mineral resources at the Rattling Brook Deposit on its 100% owned Great Northern Project , located in western Newfoundland. The Rattling Brook Deposit contains a NI43-101 Inferred Mineral Resource comprising 255,000 ounces at 1.45 grams per tonne gold and is [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed a summer exploration program at its 100% owned Great Northern and Viking Gold Projects , located in western Newfoundland. The purpose of the Exploration Program was to determine if existing mineralized trends continued along strike, or proximal, to known mineralization at surface. Specifically, the Program attempted to identify mineralization along [...]
