BRÈVE

sur Magna Terra Minerals Inc. (isin : CA5592712007)

Magna Terra Acquires Key Land in Bathurst Mining Camp

Magna Terra Minerals Inc. has announced the acquisition of the Rocky Brook Project, a 10,500-hectare exploration land package in New Brunswick's Bathurst Mining Camp. This acquisition comprises 33 mineral claims and positions Magna Terra strategically near the Williams Brook Project of Kinross Gold and Puma Exploration, known for its high-grade gold mineralization.

The Rocky Brook Project is notable for its location along the 30 km Rocky Brook-Millstream fault, a key structural zone for regional gold mineralization. Historical exploration efforts have revealed high-grade gold and copper-cobalt mineralization, further enhancing the project's potential.

With accessibility throughout the year, extensive mineral prospects adjacent to past-producing mines, and recent investments in surrounding areas, Rocky Brook offers Magna Terra a significant growth opportunity in a robust mining jurisdiction. The agreement involves optioning 100% interest through cash and share payments, with Prospect Or Corp. retaining a 2% Net Smelter Return Royalty.

R. E.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Magna Terra Minerals Inc.