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• MTT extended copper mineralization at Humbers Hughes Lake Trend by 1.2km, bringing the total strike length to 2.2km.
• The Company collected 57 rock samples with visible copper mineralization, confirming continuity of mineralization along the trend.
• A new regional silt survey and continued provincial support further strengthen MTT’s exploration efforts at its wholly owned Humber Project.
• We recently initiated research coverage on Magna Terra, find it here.
This morning, Magna Terra Minerals (MTT:TSXV, BRIOF:OTCPK) announced an extension of the copper mineralized zone along the Hughes Lake Trend at its wholly owned Humber Copper-Cobalt Project in western Newfoundland. Fieldwork completed this fall expanded the strike extent of copper-bearing dolomitized limestone by 1.2km to the east, bringing the total surface extent of the mineralization to 2.2km. A total of 57 rock grab samples were collected during the prospecting program, and visible copper mineralization was observed across several samples from the trend. This latest program once again showcases MTT’s steady, data-driven approach to exploration, using mapping, geochemistry, and geophysics to uncover and expand promising new mineralized zones across its Atlantic Canada portfolio. We are maintaining our BUY rating and target price of $0.30/share on Magna Terra Minerals.
In addition, the Company has commenced a regional stream silt geochemical survey across the broader project area, complementing its recently completed airborne geophysical program to refine priority exploration targets. Magna Terra acknowledged continued government support through the Junior Exploration Assistance (JEA) program and funding from ACOA, reinforcing its ability to advance early-stage copper-cobalt exploration in a cost-efficient manner. Notably, in our last note (see here), the Company also acknowledged support from the New Brunswick Junior Mining Assistance Program for work at its Rocky Brook Project, reflecting management’s proactive approach to securing government partnerships, maximizing exploration efficiency across its portfolio, all while minimizing dilution.
MTT: Extends Zone to 2.2km at the Humber Project
What you need to know:• MTT extended copper mineralization at Humbers Hughes Lake Trend by 1.2km, bringing the total strike length to 2.2km.
• The Company collected 57 rock samples with visible copper mineralization, confirming continuity of mineralization along the trend.
• A new regional silt survey and continued provincial support further strengthen MTT’s exploration efforts at its wholly owned Humber Project.
• We recently initiated research coverage on Magna Terra, find it here.
This morning, Magna Terra Minerals (MTT:TSXV, BRIOF:OTCPK) announced an extension of the copper mineralized zone along the Hughes Lake Trend at its wholly owned Humber Copper-Cobalt Project in western Newfoundland. Fieldwork completed this fall expanded the strike extent of copper-bearing dolomitized limestone by 1.2km to the east, bringing the total surface extent of the mineralization to 2.2km. A total of 57 rock grab samples were collected during the prospecting program, and visible copper mineralization was observed across several samples from the trend. This latest program once again showcases MTT’s steady, data-driven approach to exploration, using mapping, geochemistry, and geophysics to uncover and expand promising new mineralized zones across its Atlantic Canada portfolio. We are maintaining our BUY rating and target price of $0.30/share on Magna Terra Minerals.
In addition, the Company has commenced a regional stream silt geochemical survey across the broader project area, complementing its recently completed airborne geophysical program to refine priority exploration targets. Magna Terra acknowledged continued government support through the Junior Exploration Assistance (JEA) program and funding from ACOA, reinforcing its ability to advance early-stage copper-cobalt exploration in a cost-efficient manner. Notably, in our last note (see here), the Company also acknowledged support from the New Brunswick Junior Mining Assistance Program for work at its Rocky Brook Project, reflecting management’s proactive approach to securing government partnerships, maximizing exploration efficiency across its portfolio, all while minimizing dilution.
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MAGNA TERRA MINERALS INC
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Atrium Research Corporation
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Ben Pirie
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