Opus One Resources Enters into an Agreement to Acquire the Noyell Property Along the CASA Berardi Break from Magna Terra Minerals
JOINT NEWS RELEASE
April 12th, 2019
OPUS ONE RESOURCES ENTERS INTO AN AGREEMENT TO ACQUIRE THE NOYELL
PROPERTY ALONG THE CASA BERARDI BREAK FROM MAGNA TERRA MINERALS
MONTREAL, QC - OPUS ONE Resources Inc. (OOR – TSXV) and MAGNA TERRA Minerals
Inc. (MTT-TSXV) are pleased to announce that they have entered into an Option Agreement (the
“Agreement”) regarding Magna Terra’s Noyell Property located along the Douay-Cameron
deformation corridor (south of the Casa Berardi Break) near the currently producing Vezza gold
mine.
The Noyell Property (the “Property”), which covers an area of 2,536 hectares, is currently 100%
owned by Magna Terra (the “Optionor”). Under the terms of the Agreement; Opus One (the
“Optionee”) can acquire a 100% interest in the Property by paying Magna Terra a total amount of
$500,000 (in cash, or in shares of the Optionee, or a combination of both at its sole discretion,
subject to the issuance of a maximum of 7 million common shares of the Optionee) over a five (5)
year period as follows:
on or before the date that is ten (10) days after the receipt of the required regulatory
approvals (the “Effective Date”), the Optionee will pay to the Optionor an amount
of $50,000;
on or before the first anniversary of the Effective Date, the Optionee will pay to the
Optionor an additional amount of $50,000;
on or before the second anniversary of the Effective Date, the Optionee will pay to
the Optionor an additional amount of $50,000;
on or before the third anniversary of the Effective Date, the Optionee will pay to
the Optionor an additional amount of $50,000;
on or before the fourth anniversary of the Effective Date, the Optionee will pay to
the Optionor an additional amount of $100,000; and
on or before the fifth anniversary of the Effective Date, the Optionee will pay to the
Optionor a final amount of $200,000.
The Agreement remains subject to the approval of the TSX Venture Exchange.
The Noyell Property is found within the Douay-Cameron deformation corridor (just south of the
interpreted Casa Berardi Break) which hosts the Douay deposit, 35 km to the west of the property,
and the currently producing Vezza Mine (past production approximately 800,000 tons @ 4,5 gpt Au),
located some 8 km to the west of Noyell, according to Valere Larouche, Vezza Mine geologist.
Numerous gold occurrences have been discovered by drilling on the Property in the past twenty years,
first by Cominco Ltd., then by SOQUEM, and then Normabec Mining Resources. Gold is found in three
geological environments: 1) close or within sulphide facies Iron Formations and cherts. 2) within
sheared metasediments and 3) within a graphitic fault. It shall be noted that the Vezza mine horizon
(contact between a band of mafic volcanics and sediments) has not been properly explored (if present)
on the Property.
The Property covers approximately 5 km of strike of the favorable stratigraphy. Two zones have been
defined in previous drilling programs: the West and East zones. Historical mineralized intervals range
from less than 1 gpt Au up to 14 gpt Au over a maximum width of 3 meters. (Source: Governement
files; Examine)
During the course of winter 2007, 10 boreholes consisting of 2,892 total metres of drilling were
completed [Examine], all in the eastern portion of the property (see table below). Significant
results were obtained in several boreholes suggesting strong intersections of interest in the
property’s mineralised structures. In December 2008 a magnetic Survey was completed on the
claims staked in 2007 on the eastern part of the property (Examine). This Survey confirmed the
iron formations that carry gold mineralization continued toward the East.
During the winter of 2011, Catlee Resources conducted an induced polarization survey (IPower
3D) on the eastern part of the property (claims staked in 2007, 18 kilometres of line). This survey
confirmed that the mineralised zone, which was the focus of the most 2007 boreholes on the
property, might continue through this portion of the property in the ESE direction, and could still
be open to the east. (Source: Government files; Examine)
BEST RESULTS – 2007 DRILLING CAMPAIGN
Drill hole Interval Grade over length Host
NO2007-11 237.2 to 238.0 14.27 g/t Au over 0.8 m Qtz V.
247.7 to 249.2 6.79 g/t Au over 1.5 m Fe Fm.
252.0 to 252.5 6.17 g/t Au over 0.5 m Fe Fm.
285.3 to 285.8 17.49 g/t Au over 0.5 m Fe Fm.
NO2007-12 274.0 to 274.8 5.66 g/t Au over 0.8 m Schist
282.8 to 286.5 4.29 g/t Au over 3.7 m Fe Fm.
NO2007-13 280.9 to 281.4 4.83 g/t Au over 0.5 m Schist
286.3 to 286.8 19.97 g/t Au over 0.5 m Fe Fm.
291.0 to 291.5 3.09 g/t Au over 0.5 m Qtz V.
NO2007-14 242.1 to 242.6 2.88 g/t Au over 0.5 m Schist
255.2 to 256.0 4.66 g/t Au over 0.8 m Schist
258.8 to 260.0 7.89 g/t Au over 1.2 m Schist
NO2007-10 312.0 to 315.0 5.33 g/t Au over 3.0 m Fe Fm.
366.0 to 367.0 11.83 g/t Au over 1.0 m Sed.
NO2007-05 279.3 to 280.1 4.49 g/t Au over 0.8 m Qtz V.
NO2007-07 286.0 to 286.7 1.3 g/t Au over 0.7m Qtz V.
All other holes of the drilling program were either abandoned prematurely or not drilled. The
2007 samples were analyzed by FA with gravity finish at Expert Laboratory (certified) located in
Rouyn-Noranda, Quebec. Mr. Pierre O’Dowd, a Qualified Person under NI 43-101 has verified
the 2007 drilling, sampling and assay results reported in this release. A QAQC program was
implemented during the drilling program and blanks and certified material (standards) were
incorporated to the regular samples. The QAQC program was considered satisfactory by the
QP.
Mr. Louis Morin, CEO, of Opus one states: "Opus One is pleased to acquire the Noyell
Property as it already controls two strategically located properties in this highly favorable
environment for gold Exploration: The Vezza Extension property that hosts approximately 10 km
of strike of the Douay-Cameron corridor, just west of the Vezza gold mine, and the Vezza North
property located just north of the latter and covers approximately 15 km of strike of the interpreted
Casa Berardi Break. These two properties as well as the newly acquired one constitute a highly
prospective package of projects along two well recognized gold bearing structures in the Abitibi.
As for the Noyell Property, the Vezza mine horizon has not been properly explored on the Vezza
Extension property. Recent drilling on the Property was aimed at geophysical anomalies rather
than favorable contacts. "
Pierre O’Dowd, P. Geo, independent consulting geologist, acts as a Qualified Person as defined
in National Instrument 43-101 and has reviewed and approved the technical information in this
press release.
About OPUS ONE Resources Inc.
Opus One Resources Inc. is a mining exploration company focused on discovering high quality
gold and base metals deposits within strategically located properties in proven mining camps,
close to existing mines in the Abitibi Greenstone Belt, north-western Quebec and north-eastern
Ontario - one of the most prolific gold mining areas in the world. Opus One holds assets in Val-
d'Or, Matagami and Chibougamau areas. Opus controls a 90% to 100% interest in the following
projects:
Bachelor Extension property is adjacent to Bonterra Resources Inc.- Bachelor Gold Mine,
Vezza Extension and Vezza North are located few kilometers West and North of Nottaway
Resources’ Vezza Mine.
Courvillle (90%) property is located east of Val D’Or.
Fecteau property (option to earn 100%), located in the Urban-Barry greenstone belt, east
of Osisko Mining’s Windfall Lake deposit, currently one of the most active exploration area
in Canada.
For more information, please contact:
Louis Morin, CEO & Director
T (514) 591-3988
Michael W. Kinley, CPA, CA
President, CFO & Director
T (902) 826-1579
F (902) 826-2550
C (902) 402-0388
Visit Opus One’s website: www.OpusOneResources.com
About Magna Terra Minerals Inc.
Magna Terra Minerals Inc. is a precious metals focused exploration company, headquartered in
Toronto, Canada. Magna Terra (MTT) has a significant interest in the province of Santa Cruz,
Argentina within the prolific Deseado Massif in southern Patagonia. With five district scale drill
ready projects, and a highly experienced management and exploration team, MTT is positioned
to deliver significant shareholder value through the potential for precious metals discovery(s) on
its extensive portfolio. For detailed information regarding our projects, please visit the Company’s
website at: www.magnaterraminerals.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick, President & CEO: 647-478-5307
Email: [email protected]
Website: www.magnaterraminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.