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Magna Terra Outlines Exploration Plans at the Humber Copper-Cobalt Project; Initial Focus on the 8 km Long Hughes Lake Trend
TORONTO, ON / ACCESS Newswire / May 15, 2025 / Magna Terra Minerals Inc . (the " Company " or...
About this update from Magna Terra Minerals Inc
[{"type":"text","content":"Magna Terra Outlines Exploration Plans at the Humber Copper-Cobalt Project; Initial Focus on the 8 km Long Hughes Lake TrendTORONTO, ON / ACCESS Newswire / May 15, 2025 / Magna Terra Minerals Inc. (the \"Company\" or \"Magna Terra\") (TSXV:MTT) is pleased to announce exploration plans for 2025 on the 40,675-hectare, 100% owned Humber Copper-Cobalt Project (the \"Humber Project\" or the \"Project\") located in western Newfoundland (Figure 1). Exploration will comprise systematic, property-wide airborne magnetic and electromagnetic surveying (2,250 line kms), geochemical sampling, prospecting, and geological mapping with a focus on identifying the source of 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).In addition, exploration in 2025 will focus on 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. Importantly, historic soil samples** assaying up to 524 ppm Copper with 17 of 646 (2.6 %) samples assaying >75 ppm Copper and 33 of 646 (5%) samples assaying >50 ppm. Soil samples** assaying up to 111 ppm Cobalt with 12 of 646 (1.8%) samples assaying > 50 ppm Cobalt and 26 of 646 samples (4%) assaying > 25 ppm Cobalt (Figures 3 and 4). Work at Hughes Lake will comprise collection of ~1,700 soil samples and follow-up prospecting of the existing elevated soil targets.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...