Magna Terra Acquires the Humber Copper-Cobalt Project in Western Newfoundland

TORONTO, ON / ACCESSWIRE / July 24, 2024 / Magna Terra Minerals Inc. (TSXV:MTT) announced its acquisition via staking of the Humber Copper-Cobalt Project in western Newfoundland. The project spans 33,125 hectares and focuses on critical minerals and metals.

The Humber Project features rocks from the sedimentary Humber Arm Allochthon, showing high levels of copper, cobalt, lead, silver, molybdenum, gold, arsenic, and antimony. These characteristics suggest potential for Sediment-hosted Stratiform Copper (SSC) Deposits, likened to the Central African Copper Belt.

Highlights of the Humber Project include its location in a top-tier mining jurisdiction, year-round accessibility, and cost-effective acquisition through staking. The project offers significant exploration potential for critical minerals integral to the global energy transition.