on Magna Terra Minerals Inc. (isin : CA5592712007)
Magna Terra Expands Strategic Property in New Brunswick
Magna Terra Minerals Inc. has announced the acquisition of the Restigouche Property, expanding its Rocky Brook Project in northern New Brunswick’s Bathurst Mining Camp. The Restigouche Property includes 6,605 hectares across 24 mineral claims and is adjacent to the Murray Brook Deposit, owned by Canadian Copper Inc. This acquisition increases Magna Terra's total land holding in the area to 17,104 hectares, making it a significant player in the region.
The Restigouche Property includes crucial copper-rich zones and hosts various mineral deposits, such as zinc, lead, and silver. It is situated within the prolific Bathurst Mining Camp, a top-tier mining jurisdiction in Canada known for its rich ore deposits. The strategic position along existing and anticipated developments offers substantial exploration potential.
Magna Terra aims to enhance shareholder value through this acquisition by leveraging the mineral prospects in the area. The company plans to complete a comprehensive data compilation on the Rocky Brook Project and begin exploration activities in 2025.
R. H.
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