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• MTT identified five new high-priority targets at Rocky Brook spanning 30km of strike, using geophysical and machine learning analysis.
• The Company expanded its Rocky Brook land package with seven new claims (305ha) in the Restigouche and Orvan Brook areas.
• Today’s results highlight a growing pipeline of copper and zinc targets, strengthening the geological case at Rocky Brook.
• We recently initiated research coverage on Magna Terra, see here.
This morning, Magna Terra Minerals (MTT:TSXV, BRIOF:OTCPK) announced the identification of five new high-priority targets at its Rocky Brook Project in northern New Brunswick’s Bathurst Mining Camp (BMC). The targets collectively extend over 30km of strike length and were defined through a combination of regional geophysical interpretation and advanced machine learning analysis completed by Windfall Geotek. As a result of these findings, Magna Terra expanded its land position by staking seven additional claims totalling 305ha across the Restigouche and Orvan Brook areas. The latest work supports Magna Terra’s data-driven approach to target generation and its commitment to systematically advancing exploration across the Rocky Brook Project. We are maintaining our BUY rating and target price of $0.30/share on Magna Terra Minerals.
The new exploration work, combined with the interpretation of historical airborne electromagnetic and gravity datasets covering most of the BMC, has defined targets covering a total of 30km of strike, primarily hosting copper-zinc mineralization (see page 2 for more details). Also in this release, MTT acknowledged receiving partial financial support for work on the Rocky Brook Project through the new New Brunswick Junior Mining Assistance Program. This funding aligns with MTT’s mandate to minimize shareholder dilution and reinforces the value of its project generation strategy.
MTT: New Targets Identified & Expanded Land Package
What you need to know:• MTT identified five new high-priority targets at Rocky Brook spanning 30km of strike, using geophysical and machine learning analysis.
• The Company expanded its Rocky Brook land package with seven new claims (305ha) in the Restigouche and Orvan Brook areas.
• Today’s results highlight a growing pipeline of copper and zinc targets, strengthening the geological case at Rocky Brook.
• We recently initiated research coverage on Magna Terra, see here.
This morning, Magna Terra Minerals (MTT:TSXV, BRIOF:OTCPK) announced the identification of five new high-priority targets at its Rocky Brook Project in northern New Brunswick’s Bathurst Mining Camp (BMC). The targets collectively extend over 30km of strike length and were defined through a combination of regional geophysical interpretation and advanced machine learning analysis completed by Windfall Geotek. As a result of these findings, Magna Terra expanded its land position by staking seven additional claims totalling 305ha across the Restigouche and Orvan Brook areas. The latest work supports Magna Terra’s data-driven approach to target generation and its commitment to systematically advancing exploration across the Rocky Brook Project. We are maintaining our BUY rating and target price of $0.30/share on Magna Terra Minerals.
The new exploration work, combined with the interpretation of historical airborne electromagnetic and gravity datasets covering most of the BMC, has defined targets covering a total of 30km of strike, primarily hosting copper-zinc mineralization (see page 2 for more details). Also in this release, MTT acknowledged receiving partial financial support for work on the Rocky Brook Project through the new New Brunswick Junior Mining Assistance Program. This funding aligns with MTT’s mandate to minimize shareholder dilution and reinforces the value of its project generation strategy.
Underlying
MAGNA TERRA MINERALS INC
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Atrium Research Corporation
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Ben Pirie
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