Canadian company Magna Terra Minerals has acquired the Humber copper-cobalt project in western Newfoundland through staking.
The Humber project, an early-stage exploration initiative, spans 33,125 hectares with 1,325 claims across ten mineral licenses. It is accessible via a network of gravel and logging roads connected to provincial highways.
The licenses are registered to Paul McNeill and David Copeland, who staked them on behalf of Magna Terra Minerals. The project area is underlain by rocks from the sedimentary Humber Arm Allochthon, which has shown anomalous values of antimony (Sb), arsenic (As), cobalt (Co), copper (Cu), gold (Au), lead (Pb), molybdenum (Mo), and silver (Ag) in lake sediments. The exploration potential is bolstered by the presence of nearby base metal deposits, such as York Harbour and Daniels Harbour, in the region’s lower stratigraphic levels.
Lew Lawrick of Magna Terra commented, “We are very excited to acquire this early-stage project focused on critical metals in Newfoundland. The Humber project, previously unrecognized for polymetallic copper-cobalt deposits, offers Magna Terra shareholders exposure to multiple commodities and the potential for discovery.”
The Humber project was acquired at minimal cost through staking. Magna Terra plans to leverage its expertise in Atlantic Canada and capitalize on the top-tier exploration and mining jurisdiction in Newfoundland and Labrador.
In May, Gold Hunter Resources entered into a definitive option agreement with Magna Terra to acquire the Great Northern and Viking projects in Newfoundland and Labrador.
The Humber project, an early-stage exploration initiative, spans 33,125 hectares with 1,325 claims across ten mineral licenses. It is accessible via a network of gravel and logging roads connected to provincial highways.
The licenses are registered to Paul McNeill and David Copeland, who staked them on behalf of Magna Terra Minerals. The project area is underlain by rocks from the sedimentary Humber Arm Allochthon, which has shown anomalous values of antimony (Sb), arsenic (As), cobalt (Co), copper (Cu), gold (Au), lead (Pb), molybdenum (Mo), and silver (Ag) in lake sediments. The exploration potential is bolstered by the presence of nearby base metal deposits, such as York Harbour and Daniels Harbour, in the region’s lower stratigraphic levels.
Lew Lawrick of Magna Terra commented, “We are very excited to acquire this early-stage project focused on critical metals in Newfoundland. The Humber project, previously unrecognized for polymetallic copper-cobalt deposits, offers Magna Terra shareholders exposure to multiple commodities and the potential for discovery.”
The Humber project was acquired at minimal cost through staking. Magna Terra plans to leverage its expertise in Atlantic Canada and capitalize on the top-tier exploration and mining jurisdiction in Newfoundland and Labrador.
In May, Gold Hunter Resources entered into a definitive option agreement with Magna Terra to acquire the Great Northern and Viking projects in Newfoundland and Labrador.
The Humber project, an early-stage exploration initiative, spans 33,125 hectares with 1,325 claims across ten mineral licenses. It is accessible via a network of gravel and logging roads connected to provincial highways.
The licenses are registered to Paul McNeill and David Copeland, who staked them on behalf of Magna Terra Minerals. The project area is underlain by rocks from the sedimentary Humber Arm Allochthon, which has shown anomalous values of antimony (Sb), arsenic (As), cobalt (Co), copper (Cu), gold (Au), lead (Pb), molybdenum (Mo), and silver (Ag) in lake sediments. The exploration potential is bolstered by the presence of nearby base metal deposits, such as York Harbour and Daniels Harbour, in the region’s lower stratigraphic levels.
Lew Lawrick of Magna Terra commented, “We are very excited to acquire this early-stage project focused on critical metals in Newfoundland. The Humber project, previously unrecognized for polymetallic copper-cobalt deposits, offers Magna Terra shareholders exposure to multiple commodities and the potential for discovery.”
The Humber project was acquired at minimal cost through staking. Magna Terra plans to leverage its expertise in Atlantic Canada and capitalize on the top-tier exploration and mining jurisdiction in Newfoundland and Labrador.
In May, Gold Hunter Resources entered into a definitive option agreement with Magna Terra to acquire the Great Northern and Viking projects in Newfoundland and Labrador.