Northwire Canada EditionMonday, August 24, 2026
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GOLD 4720.60 +0.8% SILVER 68.92 −0.9% COPPER 6.62 +0.5% OIL 85.34 −2.0% PALLADIUM 1371.75 +1.6% PE 0.250 +0.0% PER 0.140 +0.0% SVRS 0.550 +10.0% EML 0.220 −6.4% AVU 0.040 +0.0% LIB 0.760 +0.0% SHL 0.405 −2.4% RRI 0.390 +6.8% FFM 1.87 +0.0% TBK 0.370 +2.8% AHR 1.10 −1.8% VGD 0.140 +7.7% HART 0.245 +2.1% XGC 0.230 +0.0% FAS 0.095 +0.0% ONAU 0.700 +1.4% GOLD 4720.60 +0.8% SILVER 68.92 −0.9% COPPER 6.62 +0.5% OIL 85.34 −2.0% PALLADIUM 1371.75 +1.6% PE 0.250 +0.0% PER 0.140 +0.0% SVRS 0.550 +10.0% EML 0.220 −6.4% AVU 0.040 +0.0% LIB 0.760 +0.0% SHL 0.405 −2.4% RRI 0.390 +6.8% FFM 1.87 +0.0% TBK 0.370 +2.8% AHR 1.10 −1.8% VGD 0.140 +7.7% HART 0.245 +2.1% XGC 0.230 +0.0% FAS 0.095 +0.0% ONAU 0.700 +1.4%
Drill Results Routine +

Magna Terra Reports Initial Results from Early Exploration at the Prospect Or's Dream Epithermal Gold Project, New Brunswick; Identifies New Mineralized Trends and Expands the Project Footprint

Magna Terra expands Prospect Or's Dream footprint in New Brunswick through early-stage epithermal gold prospecting.

Executive Summary

Magna Terra Minerals Inc. announced initial prospecting and geological mapping results at its Prospect Or's Dream Project in northern New Brunswick. The company collected 310 rock grab samples, with 264 assayed. Gold assays returned up to 1.97 g/t Au, with 15 samples exceeding 0.1 g/t Au. Silver assays reached up to 34.7 g/t Ag, with 23 samples over 1.0 g/t Ag.

Geochemical pathfinders, including arsenic, antimony, copper, lead, zinc, tellurium, and mercury, support a low-sulphidation epithermal system model. Prospecting identified new epithermal quartz vein zones, prompting the staking of 2,875 hectares to the east and southeast of the Blitzen Prospect. The project footprint now totals 18,798 hectares across 28 mineral claims.

Future work includes 1,000 B-horizon soil samples and 1,042 line-kilometres of airborne magnetic and electromagnetic surveying.

Material Impact

Magna Terra Minerals Inc. (MTT) released results representing routine, expected exploration progress following the January 2026 option acquisition of the Prospect Or's Dream property. The findings align with management's stated strategy of identifying early-stage, district-scale epithermal targets in underexplored regions of the Bathurst Mining Camp.

The discovery of a 7.2-kilometre strike length of epithermal quartz veins and the expansion of the land package validate the initial prospecting thesis, though they do not constitute a resource estimate or economic discovery. No immediate financial or dilutive impact is noted, as the news reinforces the company's generative exploration narrative without altering near-term cash requirements or partnership structures.

MTT · Price
Company Overview

Magna Terra Minerals Inc. (MTT) is an early-stage exploration company focused on district-scale land packages in Atlantic Canada, specifically Newfoundland and New Brunswick, as well as in Southern Argentina. The company’s strategy centers on acquiring underexplored properties, generating early-stage targets through geochemistry and geophysics, and monetizing or partnering assets to fund advancement.

The company’s flagship projects include the Humber Copper-Cobalt Project, which covers 49,925 hectares and follows an SSC deposit model, and the Rocky Brook Project, comprising 36,533 hectares with VMS and gold potential in the Bathurst Mining Camp. Additionally, the Prospect Or's Dream project represents a new epithermal gold play, expanding the company's footprint in northern New Brunswick.

Read the original news release →

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