Magna Terra Minerals Inc. is pleased to announce additional results from a systematic exploration program at its 100% owned Great Northern Gold Project , located in western Newfoundland. The Exploration Program was focused on the Jacksons Arm Trend, an extensive altered and mineralized geological corridor that has not been previously explored, and included geological mapping, prospecting, soil sampling as well as Light [...]
Magna Terra Minerals Inc. in a Press Release dated yesterday incorrectly reported the number of stock options granted to Officers, Directors, Contractors, and Consultants to the Company as approved by its Board of Directors in accordance with its Stock Option Plan. The correct number of options issued was 2,120,000 . Each option is exercisable at $0.20 per share for a period of 5 years from issuance, and will have [...]
Magna Terra Minerals Inc. reports that Mr. Richard Bedell has resigned from its Board of Directors, effective December 15, 2020. "On behalf of the Board, I would like to thank Richard for his years of service to the Company and its shareholders, and in particular his technical input and oversight of our Argentine exploration projects." Lew Lawrick, President & CEO Equity for Debt Settlement The Company also announces that [...]
Magna Terra Minerals Inc. is pleased to announce preliminary results of a systematic prospecting and geological mapping program from the Cape Spencer Project , located in southern New Brunswick . Prospecting and geological mapping forms part of a larger initial exploration program for 2020/2021, focused on the Emilio Trend. It also comprises soil/till sampling and geophysical surveying to refine existing targets and [...]
Magna Terra Minerals Inc. is pleased to announce commencement of a 2,000 metre first phase diamond drilling program at its 100% owned Great Northern Project , located in western Newfoundland. Initial drilling will focus on the central 700-metre section of the 2.4 kilometre long Jacksons Arm Trend . Recent prospecting and geological mapping at Jacksons Arm has successfully extended the strike of the mineralized zone by 700 [...]
Magna Terra Minerals Inc. is pleased to announce that it has acquired the right to earn a 100% interest in the Hawkins Love Gold Project , located in Southern New Brunswick, through an option to purchase agreement . The acquisition of these 4 mineral claims gives the Company a strategic land position, along with our Cape Spencer Project, within this emerging gold district in southern New Brunswick in a similar geological [...]
Magna Terra Minerals Inc. is pleased to announce preliminary results of its ongoing prospecting and geological mapping program at its 100% owned Great Northern and Viking Projects, located in western Newfoundland. Initial exploration has focused on the Jacksons Arm Trend where grab samples have returned high grade assays as well as extending the strike of the Jacksons Arm Trend by 700 metres to the southeast, from 1.7 [...]
Magna Terra Minerals Inc. is pleased to announce that effective September 8, 2020 it has entered into Amended Option Agreements with Spruce Ridge Resources Ltd. for both the Viking and Kramer Properties situated near the communities of Pollard's Point and Sop's Arm in White Bay, Newfoundland and Labrador. The original Option Agreements for the Properties were entered into on February 5, 2016 between Spruce Ridge and [...]
Magna Terra Minerals Inc. would like to update its previous disclosure regarding the consideration to be paid to the respective Optionor as a component of the option payments payable under each agreement. The Company has the election to make these payments in cash and / or common shares. With regard to the Rattling Brook Agreement, as previously disclosed , the Company can earn a 100% interest in the option by paying to [...]
Magna Terra Minerals Inc. is pleased to announce that it has expanded the Cape Spencer Project , located in Southern New Brunswick, via two option agreements on the Marigold and Armstrong Properties. The acquisition of these 5 mineral claims , immediately along strike to the northeast of the Cape Spencer Deposit and numerous other prospects, expands the property size by 2,680 hectares and adds additional strategic [...]
Magna Terra Minerals Inc. is pleased to announce that it has expanded the Great Northern and Viking Projects, located in Western Newfoundland via a combination of staking and an option agreement. The acquisition of these 5 mineral licences expands the property size by 2,900 hectares and adds additional strategic exploration targets in areas of known gold potential . The Company has also initiated a systematic exploration [...]
Magna Terra Minerals Inc. is pleased to announce that it has received the final approval from the TSX Venture Exchange in connection with its completion of the acquisition of Anaconda Mining Inc.'s wholly-owned subsidiary, 2647102 Ontario Inc., the consolidation of its issued and outstanding shares on the basis of seven old common shares for one new common share of the Company and the closing of the previously announced [...]
