Humber Project Soil Survey Results Indicate Potential Minimum 1.7 KM of Surface Extension Along Strike
Humber Project Soil Survey Results Indicate
Potential Minimum 1.7 KM of Surface
Extension Along Strike
Toronto, Ontario--(Newsfile Corp. - November 18, 2025) -
Magna Terra Minerals Inc.
(TSXV:
MTT)
("
Magna Terra
" or the "
Company
") is pleased to announce that it has received analytical results
from a soil geochemical survey over its recently discovered zone of copper mineralization along the
Hughes Lake Trend at its 100% owned Humber Copper-Cobalt Project (the "Humber Project" or the
"Project") located in western Newfoundland. The Company has also received additional rock grab
sample assays from the discovery area that outline the 2.2-kilometre long and recently expanded zone
(see news release dated November 4, 2025 (
Figures 1, 2, 3, and 4
).
Soil sampling, comprising collection of 837 samples across the property shows elevated copper values
ranging between <5 ppm and 2,150 ppm Cu with 46 of 837 (5.5%) assaying over 500 ppm. In particular,
elevated copper was documented over the 2.2-kilometre-long zone of bedrock mineralization with
potential for extension of this mineralized zone
1.7 kilometres
along strike to the southwest where
elevated historic copper in soils are present along a magnetic low
(Figures 3 and 4)
. Furthermore, infill
and expansion soil sampling over the mafic volcanic unit in an area of historic sampling continues to
show elevated copper values over the larger Hughes Lake Trend. Soil samples were collected along
lines spaced 100 to 200 m apart on 25 metre sample spacing.
Assays from the recently collected 57 rock grab samples^ show copper values ranging from 5 to 5,452
ppm (0.545%) Cu with 17 of the 57 rock samples (29.8%) analysing over 500 ppm Cu and continue to
outline the 2.2-kilometre-long zone of mineralization at Hughes Lake (
Figures 3 and 4
). Copper
mineralization is hosted within dolomitized limestone with visible copper mineralization between trace
and 5% combined chalcopyrite, bornite and malachite.
Magna Terra would like to acknowledge and thank both the Province of Newfoundland and Labrador and
the Atlantic Canada Opportunities Agency ("ACOA") for their financial assistance through the Junior
Exploration Assistance ("JEA") program for work on the Humber Copper-Cobalt Project.
Humber Project Highlights
Discovery of
2.2 km
of surface copper mineralization at Hughes Lake, with potential for further
minimum
1.7 km
of strike extent;
Host to regionally anomalous Cu, Co, Ag, Pb +/- Au, Mo, As, and Sb lake sediments;
Airborne conductors coincident with lake sediment anomalies;
8+ km
Hughes Lake Copper-Cobalt Trend;
Analogous to the Kalahari Copper Belt, Namibia and Botswana; Central African Copper Belt,
Zambia and the Democratic Republic of Congo (DRC); and the Kupferschiefer Belt, Poland;
Globally, these Sediment-hosted Stratiform Copper ("SSC") deposit types represent 20% of Cu
production** and 60% of Co production^^;
District-scale land package now comprising
49,925 hectares
;
Located within the premier mining jurisdiction of Newfoundland and Labrador;
Year-round accessibility with road access to the majority of the Project;
First mover advantage in a previously unrecognized area of exploration potential; and
Acquired through staking - cost effective acquisition and with no underlying royalties or option
payments.
"We are very pleased with the results of our systematic work at Humber to date. The extension of the
zone of copper mineralization to 2.2 kilometres, now confirmed by assay results, is a testament to the
near-term discovery potential of the Project. Soil sampling on the Project has been instrumental
threefold: 1) at highlighting the zone of copper mineralization, demonstrating that soil sampling is an
effective exploration tool in this geological domain; 2) indicating the potential for extension of the
mineralized zone a minimum of 1.7 kilometres to the southwest; and 3) confirming the potential for the
larger 8 kilometre long Hughes Lake Trend to host undiscovered copper mineralization. Additional
soil sampling will be completed to the northeast and southwest of Hughes Lake Trend with the goal of
expanding the potential footprint of the mineralized zone. Our work will continue to advance discovery
of additional targets and zones of copper-cobalt-silver mineralization on the broader property package
via ongoing soil and stream sediment sampling, particularly in areas of higher conductivity outlined in
the recently completed airborne geophysical survey. While early stage, these initial generative results
further support our view that the Humber Project has the potential to host Sediment-hosted Stratiform
Copper deposits."
~ Lew Lawrick, President and CEO, Magna Terra Minerals Inc.
Lake Sediment Geochemistry and Global Analogues
The Project is underlain by rocks of the sedimentary Humber Arm Allochthon and adjacent plutonic and
volcanic Hughes Lake Complex, which is centred on a series of anomalous lake sediment samples
(Davenport et al., 1996) that show regionally elevated levels of Co (up to 160 ppm), Ag (up to 0.6 ppm),
Pb (up to 84 ppm), Cu (up to 185 ppm), As (up to 142 ppm), Mo (up to 15 ppm), and Au (up to 10 ppb).
An analysis of the lake sediment geochemical data via Principal Component Analysis has indicated that
the metal suite present within the Project area is likely related to a black shale source, as many of the
anomalous lake sediments have low-Ni values which precludes association with the nearby ophiolite
complexes to the immediate west.
This metal signature (Cu, Co, Ag, Pb +/- Au, Mo, As, Sb) and geological environment is supportive of the
area being host to SSC deposits. SSC deposits host 60% of global Cobalt production^^ and 20% of
global Copper production** in deposits such as the Central African Copper Belt, which is thought to be
analogous to the geological setting of the Humber Copper-Cobalt Project. SSC deposits are often
laterally continuous along bedding and contain consistent grades (1.2 to 5% Cu)** and large resources
of by-product Au, U, platinum-group, and rare-earth elements. The exploration potential is also
underscored by the presence of base metal deposits nearby including the York Harbour and Daniels
Harbour Deposits located at lower stratigraphic levels of the region.
Figure 1:
A map showing the Humber Project with underlying geology of the Humber Arm Allochthon,
coincident anomalous Co (ppm) lake sediment samples and location of the Hughes Lake Block.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11586/274926_3361cede340f5ae5_002full.jpg
Figure 2:
A map showing the geology, lake sediment samples (Cu-ppm) and reconnaissance soil
samples* (Cu-ppm) and location of recent copper discovery along the 8-kilometre long Hughes Lake
mafic volcanics, Humber Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11586/274926_3361cede340f5ae5_003full.jpg
Figure 3:
A map showing the geology, rock and soil sample locations (current and historic) from the 2.2
kilometre long copper discovery area along the Hughes Lake Trend, Humber Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11586/274926_3361cede340f5ae5_004full.jpg
Figure 4:
A map showing the tilt derivative magnetics, rock and soil sample (current and historic)
locations from the 2.2 kilometre long copper discovery area along the Hughes Lake Trend, Humber
Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11586/274926_3361cede340f5ae5_005full.jpg
Qualified Person and Technical Disclosure
This news release has been reviewed and approved by David A. Copeland, P.Geo., a non-independent
consultant to the Company and a "Qualified Person" as defined under National Instrument 43-101 -
Standard for Disclosure for Mineral Projects
.
All soil and rock samples collected from the current fieldwork were submitted to Eastern Analytical Ltd. in
Springdale, NL and were analysed for gold (30 g fire assay) and multi-element geochemistry, including
elements Cu, Pb, Zn, Co, and Ag (method ICP-34).
All quoted historic soil and lake sediment samples results were compiled from assessment and
government reports obtained from the government of Newfoundland and Labrador. The Qualified Person
has not completed sufficient work to validate these historic results.
^Grab samples are selective by nature and may not represent the true metal content of the mineralized zone.
*(Galloper Gold Corp.; Fage, 2022)
**
https://www.geologyforinvestors.com/sediment-hosted-stratiform-copper-deposits-the-future-of-copper-and-cobalt-mining/
^^Petavratzi, E, Gunn, G, Kresse, C. (2019). Commodity review: Cobalt. British Geological Survey.
About Magna Terra
Magna Terra Minerals Inc. is a precious and critical metals focused exploration company, headquartered
in Toronto, Canada. Magna Terra is focused on acquiring and advancing its high-potential mineral
projects in Atlantic Canada and Argentina while generating value for shareholders and minimizing
shareholder dilution through option and joint venture partnerships where appropriate; leveraging our
ability to explore, grow, and transact projects. The Company is focused on exploring our 100%-owned
Humber Copper-Cobalt Project in Newfoundland and Labrador; our 100% owned Rocky Brook Gold and
Critical Metals Project in the historic Bathurst Mining Camp of New Brunswick; and our 100%-owned
Cape Spencer Gold Project in New Brunswick. In addition, the Company has optioned the Great
Northern Project in Newfoundland to Gold Hunter Resources Inc. ("Gold Hunter") for total cash and share
consideration of $9.5 million over a 2-year period, and currently holds an approximate 28.9% equity
interest in Gold Hunter. The Company has also optioned the Luna Roja Project in Argentina to Andean
Metals Corp. for total cash and share consideration of $2.375 million over a 4-year period. Further, the
Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which
includes its large 100% owned Boleadora Project, as well as several additional district scale drill ready
projects available for purchase or option/joint venture.
Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable Canadian legislation. All statements in
this news release that are not purely historical are forward-looking statements and include statements
regarding beliefs, plans, expectations and orientations regarding the future including, without
limitation, the ability of the Company to file a report that complies with National Instrument 43-101.
Although the Company believes that such statements are reasonable and reflect expectations of
future developments and other factors which management believes to be reasonable and relevant,
the Company can give no assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: "believes", "expects", "anticipates", "intends",
"estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such
words and phrases and similar expressions, which, by their nature, refer to future events or results that
may, could, would, might or will occur or be taken or achieved. In making the forward-looking
statements in this news release, the Company has applied several material assumptions, including
without limitation, and the ability of the author of the Technical Reports to finalize same.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to differ materially from
any future results, performance or achievements expressed or implied by the forward-looking
information. Such risks and other factors include the inability of the Company to execute its proposed
business plans and carry out planned future activities. Other factors may also adversely affect the
future results or performance of the Company, including general economic, market or business
conditions, future prices of gold, changes in the financial markets and in the demand for precious
metals, changes in laws, regulations and policies affecting the mineral exploration industry, and the
Company's investment and operation in the mineral exploration sector, as well as the risks and
uncertainties which are more fully described in the Company's annual and quarterly management's
discussion and analysis and in other filings made by the Company with Canadian securities
regulatory authorities under the Company's SEDAR+ profile at
www.sedarplus.ca
. Readers are
cautioned that forward-looking statements are not guarantees of future performance or events and,
accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent
uncertainty of such statements.
These forward-looking statements are made as of the date of this news release and, unless required
by applicable law, the Company assumes no obligation to update the forward-looking statements or to
update the reasons why actual results could differ from those projected in these forward-looking
statements.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick
President and CEO, Director
Telephone: 905-301-9983
Email:
Website:
www.magnaterraminerals.com
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/274926