Magna Terra samples up to 2.11 g/t Au at Rocky Brook

Executive Summary

• Magna Terra Minerals Inc. released initial exploration results from its Fournier Lake gold property within the Rocky Brook project in the Bathurst mining camp, New Brunswick.
• The company significantly expanded its land footprint by staking 8,829.4 hectares, bringing the total project size to 28,024 hectares (70 claims).
• Initial rock grab sampling identified gold mineralization up to 2.11 g/t Au over a 350-metre strike extent, with historic data showing higher-grade intersections up to 5.23 g/t Au.

Key Details

• Gold Assay Results:
  • 91 rock grab samples collected from the Fournier Lake area.
  • Gold grades ranging from <5 ppb to 2.11 g/t Au.
  • Highest reported sample: K210229 at 2.11 g/t Au.
  • Historic grab samples from the same area reported up to 5.23 g/t Au over a 350-metre strike length.
• Geology and Mineralization:
  • Mineralization hosted in northeast-striking altered gabbro within sedimentary rocks (Simpsons field and LaPlante formations).
  • Alteration includes quartz-iron carbonate-sericite, hematite, and trace to 1% pyrite.
  • Mineralization style is similar to Puma Exploration’s Williams Brook and Jonpol properties.
• Land Expansion:
  • Acquired 8,829.4 hectares via staking three claims to the northeast of the Rocky Brook-Millstream fault.
  • Expanded package covers fault splays (Jacket River fault) and gabbro intrusives.
  • Total project footprint is now 28,024 hectares across 70 mineral claims.
  • Strategic location adjacent to Kinross-Puma’s Lynx zone and Canadian Metals’ Goldstrike property.
• Volcanogenic Massive Sulphide (VMS) Highlights:
  • Project covers 40 km of favorable California Lake felsic volcanic and sedimentary rocks.
  • Identification of the 15-kilometre Boudreau Brook trend.
  • Historic high-grade copper-cobalt mineralization at Fossil Hill zone: up to 16.65% Cu and 0.64% Co.
  • Historic copper mineralization at Boudreau Brook prospect: up to 3% Cu.
  • Restigouche C-4 and C-5 footwall Cu-rich feeder zones covered; historic drilling intersected:
    • C-4 zone: 4.36 m grading 0.2% Cu, 1.6% Pb, 6.74% Zn (from 17.3 to 21.6 m).
    • C-5 area: 2.06% Cu and 0.57% Zn over 4.5 m (from 51.9 to 56.4 m).
• Project Context:
  • Located in the prolific Bathurst mining camp (BMC), a historic base metal district.
  • Adjacent to the past-producing Caribou mine and Murray Brook deposit.
  • Year-round accessibility via road.

Notable Quotes

• "We are very pleased to see our strategic focus on the regional opportunities within the greater Bathurst mining camp come to fruition... It is rewarding to achieve early discovery of gold mineralization on this portion of the greater project area as we currently see in these preliminary trenches with gold grades up to 2.11 g/t from grab samples." — Lew Lawrick, President and CEO, Magna Terra.