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• MTT reported stream sediment results at Humber, with 189 samples returning clustered copper-cobalt-lead-zinc and gold anomalies.
• Targets outlined a total of 5,588ha with samples across 68% of the Project, generating multiple priority catchment areas for follow-up exploration.
• Partner-funded drilling is now underway at Luna Roja, which MTT optioned out in October 2025.
• The Company also acquired the 3,400ha Oxford Project, adding a high-grade polymetallic and gold upside in the Bathurst Mining Camp.
This morning, Magna Terra Minerals (MTT:TSXV, BRIOF:OTCPK) announced results from a stream sediment geochemical survey at its 100% owned Humber Copper-Cobalt Project in Newfoundland. The survey was conducted to evaluate the potential for sediment-hosted stratiform copper mineralization, supporting the recent airborne survey, with samples returning anomalies of copper, cobalt, lead, zinc, and gold. Since our last note, MTT has been busy with numerous project updates, acquisitions, and option agreements across its project generation portfolio. We are maintaining our BUY rating and target price of $0.30/share on Magna Terra Minerals.
The geochemical survey results included 189 samples from accessible streams across Blocks 1 and 2, which covered 68% of the project, and MTT plans to extend survey coverage over the remaining property in the spring. Notable values from this initial exploration program included:
• Co: range between 4 and 409 ppm with 5.3% of assays over 94.6 ppm
• Cu: range between 5 and 70 ppm with 4.8% of assays over 30 ppm
• Pb: range between 9 and 81 ppm with 4.8% of assays over 39 ppm
• Zn: range between 33 and 617 ppm with 4.8% of assays over 220 ppm
• Au: range between
MTT: Humber Stream Results Support Copper-Cobalt Thesis
What you need to know:• MTT reported stream sediment results at Humber, with 189 samples returning clustered copper-cobalt-lead-zinc and gold anomalies.
• Targets outlined a total of 5,588ha with samples across 68% of the Project, generating multiple priority catchment areas for follow-up exploration.
• Partner-funded drilling is now underway at Luna Roja, which MTT optioned out in October 2025.
• The Company also acquired the 3,400ha Oxford Project, adding a high-grade polymetallic and gold upside in the Bathurst Mining Camp.
This morning, Magna Terra Minerals (MTT:TSXV, BRIOF:OTCPK) announced results from a stream sediment geochemical survey at its 100% owned Humber Copper-Cobalt Project in Newfoundland. The survey was conducted to evaluate the potential for sediment-hosted stratiform copper mineralization, supporting the recent airborne survey, with samples returning anomalies of copper, cobalt, lead, zinc, and gold. Since our last note, MTT has been busy with numerous project updates, acquisitions, and option agreements across its project generation portfolio. We are maintaining our BUY rating and target price of $0.30/share on Magna Terra Minerals.
The geochemical survey results included 189 samples from accessible streams across Blocks 1 and 2, which covered 68% of the project, and MTT plans to extend survey coverage over the remaining property in the spring. Notable values from this initial exploration program included:
• Co: range between 4 and 409 ppm with 5.3% of assays over 94.6 ppm
• Cu: range between 5 and 70 ppm with 4.8% of assays over 30 ppm
• Pb: range between 9 and 81 ppm with 4.8% of assays over 39 ppm
• Zn: range between 33 and 617 ppm with 4.8% of assays over 220 ppm
• Au: range between
Underlying
MAGNA TERRA MINERALS INC
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Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
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