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Magna Terra Acquires Additional Claims in the Prolific Bathurst Mining Camp of Northern New Brunswick, Expanding the Rocky Brook Project
TORONTO, ON / ACCESS Newswire / March 26, 2025 / Magna Terra Minerals Inc . (the " Company ...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Acquires Additional Claims in the Prolific Bathurst Mining Camp of Northern New Brunswick, Expanding the Rocky Brook ProjectTORONTO, ON / ACCESS Newswire / March 26, 2025 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce that it has acquired additional claims at the Rocky Brook Project (\"Rocky Brook\" or the \"Project\"), located in the prolific Bathurst Mining Camp of northern New Brunswick. Importantly the additional claims are located immediately adjacent to the Caribou Mine and Mill Property. The additional 6 mineral claims covering 1,590 hectares were acquired under the existing Fossil Hill-Boudreau Brook option agreement and no additional cash or shares were issued as part of the acquisition. Prospect Or Corp. retains a 2% Net Smelter Return Royalty (\"NSR\") with 1% of the NSR purchasable at anytime by Magna Terra for $1,000,000 on the recently added claims. Magna Terra has a Right of First Refusal on the remaining 1% NSR.The Rocky Brook Project, including the recently acquired Restigouche Property, now comprises 18,694 hectares in 58 mineral claims making the Company one of the single largest strategic landholders in this historic mining camp (Figure 1). The Rocky Brook Project is located adjacent to and along strike from the Williams Brook Project, owned by Kinross Gold Corporation (\"Kinross\") and Puma Exploration Inc. (\"Puma\"), where a zone of high-grade gold mineralization was discovered over broad widths including drill intervals up to 5.55 g/t Au over 50.15 m. The Project is located adjacent to a 30-kilometre-long section of the Rocky Brook-Millstream fault and associated McIntyre and Ramsay Brook faults; an important structural zone controlling gold mineralization within the region. The Project also covers volcanic and sedimentary rocks that show strong potential to host polymetallic Cu-Co-Pb-Zn-Au-Ag mineralization, adjacent to the past-producing Caribou Mine and the Murray Brook Deposit; the largest undeveloped VMS project in New Brunswick owned by Canadian Copper Inc. (Figure 1).Rocky Brook Project HighlightsThe Project covers a 30-kilometre extent of the Rocky Brook-Millstream Fault system as well as a 40-kilometre extent of favourable California Lake felsic volcanic and sedimentary rocks that are host to the nearby Restigouche, Murray Brook, and...