Magna Terra Acquires Large, Prospective Prospect Or's Dream Epithermal Gold Project in North-Central New Brunswick

Core Insights - Magna Terra Minerals Inc. has acquired the Prospect Or's Dream Epithermal Gold Project in New Brunswick, comprising 29 mineral claims over 15,923 hectares along a 30-kilometre section of the Moose Lake Fault [1][5][13] Project Highlights - The project is in an emerging gold district, with early-stage prospecting revealing a minimum strike length of 7.2 kilometres of gold-bearing epithermal quartz veins [4][8] - Initial sampling has shown gold assays ranging from 1 ppb to 735 ppb, with 28 samples exceeding 100 ppb [7][8] - The geological setting includes volcanic and sedimentary rocks, with potential for significant precious metals deposits [10][11] Acquisition Details - The option agreement allows the company to earn a 100% interest by paying $10,000 in cash and issuing 141,000 common shares upon signing, with additional payments totaling $380,000 over four years [13][14] - The optionor retains a 2% net smelter royalty, with the company having the right to purchase 1% of the NSR for $1,000,000 [13] Future Plans - The technical team will compile historic data and plan a field program for spring/summer 2026 [6]