Magna Terra Minerals Inc. is pleased to announce the filing and mailing of its information circular dated January 27, 2020 in relation to the annual and special meeting of Magna Terra shareholders scheduled to take place in Toronto on February 27, 2020 at 10:00 am. In addition to the required annual approvals the Company is required to obtain from its Shareholders, Magna Terra will also be soliciting the approval of its [...]
Magna Terra Minerals Inc. is pleased to announce it has completed updated NI 43-101 Technical Reports and Mineral Resource Estimates for the Rattling Brook Deposit of the Great Northern Project in Newfoundland and Labrador and for the Cape Spencer Project in New Brunswick. Cape Spencer and Great Northern, together make up the advanced exploration assets that Magna Terra is acquiring from Anaconda Mining Inc. as previously [...]
Magna Terra Minerals Inc. and Thorsen-Fordyce Merchant Capital Inc. , a company controlled by Lew Lawrick – President and CEO of Magna Terra, are pleased to announce that they have entered into a Credit Agreement whereby Magna Terra may borrow up to $700,000 from Thorsen to provide necessary working capital up to the closing of the acquisition of ExploreCo from Anaconda Mining Inc. and to fund payment of certain [...]
Magna Terra Minerals Inc. is pleased to announce complete assay results from an eight hole first phase drill program on its Luna Roja Project in Santa Cruz Province, Argentina. The drilling began on January 12, 2019 and was completed on January 31. The program was designed to test three target areas – Cruz Del Sur, Orion and Estrella del Norte, which constitute a mineralized surface footprint of approximately three [...]
Magna Terra Minerals Inc. reports that it has settled $450,059.01 of debt through the issuance of common shares of the Company . Pursuant to the Debt Settlement, the Company issued 9,001,179 common shares of the Company at a deemed price of $0.05 per Share to certain creditors of the Company, including certain of its directors and officers . All securities issued will be subject to a four month hold period which will [...]
Magna Terra Minerals Inc. is pleased to announce assay results representing vertically zoned epithermal Gold Mineralization from an eight hole first phase drill program on its Luna Roja Project in Santa Cruz Province, Argentina. The drilling began on January 12, 2019 and was completed on January 31. The program was designed to test three target areas – Cruz Del Sur, Orion and Estrella del Norte, which constitute a [...]
Magna Terra Minerals Inc. reports that its board of directors has approved the settlement of up to $572,256.61 of debt through the issuance of common shares of the Company . Pursuant to the Debt Settlement, the Company would issue 11,445,131 common shares of the Company at a deemed price of $0.05 per Share to certain creditors of the Company, including certain of its directors and officers . The issuance of the Shares to [...]
Magna Terra Minerals Inc. is pleased to announce results from a ten hole, 860 meter, diamond drill campaign on the Piedra Negra project in the Santa Cruz Province of Argentina. The project is within 30 km of the Vanguardia Gold Mine . The drill program was completed in December 2018. Assays for holes PN_DDH001 through 9 have recently been received. Au 90 M PN_DDH_006. Executive Summary: The Company has completed a first [...]
Magna Terra Minerals Inc. is pleased to announce assay results from the first hole of an 8 hole first phase drill program on its Luna Roja Project in Santa Cruz Province, Argentina announced on January 14, 2019 and completed on January 31, 2019. The program was designed to test 3 target areas – Cruz Del Sur, Orion, and Estrella del Norte covering an approximate strike length of 1.8 km. This hole tested the Cruz del [...]
Magna Terra Minerals Inc. is pleased to announce the commencement of drilling on the Luna Roja Project in Santa Cruz Province. The Luna Roja Project is 100% owned by Magna Terra. The Project is located on the northern edge of the Deseado Massif, approximately 75 km to the NW of the new Don Nicolas mine and 30 km to the N-NW the Las Calandrias project. Luna Roja is a low sulphidation Au/Ag project with significant [...]
Magna Terra Minerals Inc. is pleased to announce the closing of the first tranche of its non-brokered private placement announced November 6, 2018. A total of 8,000,000 units for gross proceeds of $400,000 were issued in this first tranche closing. Each Unit was priced at $0.05 and consists of one common share and one half of one common share purchase warrant . Each whole Warrant entitles the holder to purchase one common [...]
Executive Summary: Magna Terra Properties and Santa Cruz Endowment Piedra Negra Geological Map and Au Rock Chips Piedra Negra Collar Proposals Over IP Resistivity Map IP Section 9000 with Drill Proposals DDH_003 and 4 IP Section 7600 with Drill Proposal DDH_009 The Company has commenced a first phase, 9 hole drill program comprising approximately 1,000 meters at the Piedra Negra Project, Santa Cruz Province, Argentina [...]
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