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Magna Terra Announces Inaugural Exploration Program And Initiates Airborne Geophysical Survey At The Humber Copper-Cobalt Project In Newfoundland
TORONTO, ON / ACCESS Newswire / June 3, 2025 / Magna Terra Minerals Inc. (" Magna Terra " or...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Announces Inaugural Exploration Program And Initiates Airborne Geophysical Survey At The Humber Copper-Cobalt Project In NewfoundlandTORONTO, ON / ACCESS Newswire / June 3, 2025 / Magna Terra Minerals Inc. (\"Magna Terra\" or the \"Company\") (TSXV:MTT) is pleased to announce that it has commenced its inaugural exploration program at its 40,675-hectare, 100% owned Humber Copper-Cobalt Project (the \"Humber Project\" or the \"Project\") located in western Newfoundland (Figure 1). The Company has initiated a 2,377 line-kilometre (\"km\") airborne geophysical survey. The helicopter-borne survey will comprise a systematic, property-wide, time-domain electromagnetic (\"VTEM™ Plus\") and horizontal magnetic gradiometer survey and will provide the baseline geophysical data to guide geological mapping and focus exploration efforts to discover Copper-Cobalt deposits. This is the first geophysical survey of this type in the area. The Company is interested in areas of geophysical anomalies coincident with anomalous copper (\"Cu\"), cobalt (\"Co\"), lead (\"Pb\"), silver (\"Ag\"), molybdenum (\"Mo\"), gold (\"Au\"), arsenic (\"As\"), and antimony (\"Sb\") lake sediment values (Figures 1 and 2) found throughout the Project area including the Hughes Lake Trend where an 8 km long anomalous zone of copper and cobalt in soil samples is coincident with mafic volcanic rocks of the Hughes Lake Complex and associated magnetic rocks (Figures 3 and 4).Humber Project HighlightsPotential for discovery of significant Cu-Co deposits;Host to regionally anomalous Cu, Co, Ag, Pb +/- Au, Mo, As, and Sb lake sediments;8+ km Hughes Lake Copper-Cobalt Trend;Analogous to the Kalahari Copper Belt, Namibia and Botswana; Central African Copper Belt, Zambia and the Democratic Republic of Congo (DRC); and the Kupferschiefer Belt, Poland;Globally, these Sediment-hosted Stratiform Copper (\"SSC\") deposit types represent 20% of Cu production* and 60% of Co production^;District-scale land package now comprising 40,675 hectares;Located within the top-tier mining jurisdiction of Newfoundland and Labrador;Year-round accessibility with road access to the majority of the Project;First mover advantage in a previously unrecognized area of exploration potential; andAcquired through staking - cost effective acquisition and with no underlying royalties or option...