Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
M&A / Property

Magna Terra acquires Or's Dream gold project

MTT · Price

Executive Summary

  • Magna Terra Minerals Inc. has entered into an option agreement to acquire the "Or's Dream" epithermal gold project, a large-scale (15,923 hectares) prospective property located in north-central New Brunswick along the Moose Lake fault.
  • The acquisition follows a 2025 prospecting discovery by independent prospectors who identified a significant boulder field and outcrop of low-sulphidation epithermal gold-bearing quartz veins over a 7.2-kilometre strike length.
  • Initial sampling returned gold values up to 735 ppb, with 28 samples exceeding 100 ppb, indicating the potential for a large epithermal gold system in an underexplored region.

Key Details

  • Transaction Structure: Magna Terra acquired the project via an option agreement dated January 21, 2026.
  • Earn-In Terms: The company can earn a 100% interest by:
    • Paying $10,000 cash and issuing 141,000 common shares upon signing.
    • Paying $120,000 cash and $260,000 in cash and/or common shares over a four-year period ending January 21, 2030.
  • Royalty Terms: The Optionor retains a 2% Net Smelter Royalty (NSR). Magna Terra has the right to purchase 1% of the NSR for $1 million and holds a right of first refusal on the remaining 1%.
  • Share Consideration: Share issuances are based on the greater of $0.05/share or the 10-day VWAP. The maximum number of common shares issuable is 5,341,000. These shares are subject to a 4-month-and-1-day hold period and TSX Venture Exchange approval.
  • Property Details: The project comprises 29 mineral claims totaling 15,923 hectares (726 units), situated along a 30-kilometre section of the Moose Lake fault.
  • Geological Context: The property is hosted within Sheephouse Brook volcanic rocks and the South Branch Northwest Miramichi granite. It is part of a district-scale area including other prospects like Blitzen, Skull, Moose Lake, Stewart, and Pringle Brook.
  • 2025 Prospecting Results:
    • Discovery made by prospectors Tim Lavoie and Pierre-Luc Guitard.
    • 132 rock float and outcrop samples collected.
    • Gold assays ranging from 1 ppb to 735 ppb.
    • 28 samples assayed over 100 ppb gold.
    • Specific high-grade samples from the Pringle Brook occurrence: 420 ppb, 430 ppb, and 570 ppb gold.
    • Samples show evidence of low-sulphidation epithermal environments (chalcedonic silica banding, bladed quartz texture).
  • Future Plans: The technical team is compiling historic data and planning a spring/summer field program in 2026.

Notable Quotes

  • "We are very excited to acquire this large, early stage epithermal gold project in an emerging gold district in north-central New Brunswick... Early stage prospecting has identified a minimum strike length of 7.2 kilometres, indicating the potential for discovery of a large low-sulphidation epithermal gold system in a region of the province previously unrecognized for precious metals deposition." — Lew Lawrick, President and CEO
Read the original news release →

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