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.
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