Fossil Hill Zone Trench Results Return up to 9,590 ppm Cu in Bedrock and Soil Sampling Results Show Strong Geochemical Anomalies Along the Boudreau Brook-Fossil Hill Trend at Magna Terra's Rocky Brook Project, New Brunswick
Strategic Pivot to Atlantic Canada Copper-Gold Gains Momentum as Argentina Assets Provide Non-Dilutive Liquidity
The most recent news (March 25, 2026) reports high-grade trenching results from the Fossil Hill Zone at the Rocky Brook Project in New Brunswick. Highlights include bedrock samples assaying up to 9,590 ppm (0.96%) Cu, 9,210 ppm Cu, and 9,080 ppm Cu. These results confirm historic grab samples and coincide with a 15-kilometre-long EM and geochemical trend. Additionally, the company recently (March 18, 2026) amended its Great Northern Project option agreement with Gold Hunter Resources, extending the term by two years and increasing total gross proceeds to $10.075 million, providing a significant cash and equity cushion.
The news is Routine - Positive. While the copper grades in the trenches are high for surface samples (approaching 1% Cu), they are incremental follow-ups to previously announced "spectacular visible mineralization" from December 2025. - Exploration Success: The results validate the "Boudreau Brook-Fossil Hill Trend" as a legitimate target for VMS-style mineralization, but the company has yet to transition from surface sampling to a definitive diamond drilling program that defines scale. - Financial Stability: The amendment of the Gold Hunter agreement is materially positive for the balance sheet, ensuring $1.25M in immediate/near-term liquidity and maintaining a 19% equity stake in a partner-funded vehicle. This reduces the immediate "death spiral" financing risk common in micro-cap explorers. - Asset Mix: The company is successfully executing a "Project Generator" model in Argentina (Luna Roja) and Newfoundland (Great Northern) while aggressively advancing its own 100%-owned New Brunswick and Humber (NL) projects.
Magna Terra is a precious and base metal explorer focused on Atlantic Canada and Argentina. - Flagship Project: Rocky Brook (New Brunswick). It covers 30 km of the Rocky Brook-Millstream Fault, adjacent to the past-producing Caribou Mine. It is prospective for both high-grade Gold (Fournier Lake) and VMS Copper-Zinc (Restigouche/Fossil Hill). - Secondary Flagship: Humber Project (Newfoundland). A district-scale (49,925 ha) sediment-hosted stratiform copper (SSC) target, a deposit type that produces 20% of global copper.