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Magna Terra Provides Updated Mineral Resource on the Thor Deposit, Great Northern - Viking Project, Newfoundland

Magna Terra Provides Updated Mineral Resource on the Thor Deposit, Great Northern - Viking Project, Newfoundland

Magna Terra 提供紐芬蘭大北方-維京項目托爾礦牀的最新礦產資源
Accesswire ·  2023/11/06 21:00

TORONTO, ON / ACCESSWIRE / November 6, 2023 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSX-V:MTT) is pleased to announce that it has completed an Updated Mineral Resource Estimate on the Thor Deposit ("Thor" or the "Deposit") on its 100% owned Great Northern - Viking Project ("Viking" or the "Project"), located in western Newfoundland. The Great Northern - Viking Project area is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike with the potential to host multi-million-ounce gold deposits (Figure 1).

安大略省多倫多/ACCESSWIRE/2023年11月6日/麥格納泰拉礦業公司(“公司” 或 “麥格納泰拉”)(TSX-V: MTT)欣然宣佈,它已經完成了位於紐芬蘭西部的 100% 持股的大北方維京項目(“維京” 或 “項目”)雷神礦牀(“雷神” 或 “礦牀”)的最新礦產資源估算。Great Northern-Viking項目區域是一個久經考驗的黃金環境,擁有現有的礦產資源,在累計30多公里的走勢中,有許多未經測試的黃金趨勢,有可能擁有數百萬盎司的金礦(圖1)。

"We are continuing to advance our flagship Great Northern - Viking Project despite the difficult current market environment for gold explorers. The Mineral Resource Update modernizes the Thor Deposit Mineral Resource in keeping with the latest CIM Guidelines as well as facilitating a full remodelling of the Deposit geometry and grade distribution/trends. We will use this updated resource and geological work to target zones for potential expansion where the deposit is open in all directions; to the south, north, and down-dip. In addition to the immediate opportunity for expansion at Thor, there remains several poorly-tested and untested zones of gold mineralization in the immediate vicinity of the Thor Deposit, including the Kramer, Viking and Viking North Trends; part of the more than 30+ cumulative kilometres of strike potential that have been identified to date on the Great Northern - Viking Project. What stands out significantly about our Great Northern - Viking Project area is that the known gold endowment, along with the impressive number and scale of high priority gold targets, underscores the potential of the Project to host multiple large gold systems."

“儘管黃金勘探者當前的市場環境艱難,但我們仍在繼續推進我們的旗艦大北方——維京項目。《礦產資源更新》根據最新的CIM指南對雷神礦牀礦產資源進行了現代化改造,並促進了礦牀幾何形狀和品位分佈/趨勢的全面重塑。我們將利用這項更新的資源和地質研究來瞄準潛在擴張區域,在這些區域,礦牀向四面八方開放:向南、向北和向下傾斜。除了在雷神礦牀附近立即有擴建機會外,雷神礦牀附近還有幾個測試不足、未經測試的金礦化區域,包括克萊默、維京和維京北方趨勢;這是迄今爲止在大北方維京項目中確定的30多公里累計探礦潛力的一部分。我們的 Great Northern-Viking 項目區域的顯著之處在於,已知的黃金儲備,以及令人印象深刻的高優先級黃金目標數量和規模,凸顯了該項目託管多個大型黃金系統的潛力。”

~ Lew Lawrick, President and CEO, Magna Terra Minerals Inc.

~ Lew Lawrick,Magna Terra Minerals Inc. 總裁兼首席執行官

Mineral Resource Update

礦產資源更新

The Company contracted Mercator Geological Services Limited to complete an Updated Mineral Resource Estimate. The Updated Mineral Resource Estimate was completed in order to include additional drilling completed in 2016 that was not included in prior assessments of the Deposit and also to bring the historical estimate into accordance with the CIM MRMR Best Practice Guidelines that were issued in November 2019 ("CIM MRMR Guidelines"). The Updated Mineral Resource is based on verified results of 162 diamond drill holes (23,775 m), including 10 drill holes (575 m) completed in 2008, 35 drill holes (3,613 m) completed in 2009, 59 drill holes (9,735 m) completed in 2010, 25 drill holes (4,698 m) completed in 2011 by Northern Abitibi Mining Corp. (now CANEX Metals Inc.), and 33 drill holes (5,154 m) completed in 2016 by Anaconda Mining Inc (now Signal Gold Inc.).

該公司與墨卡托地質服務有限公司簽訂合同,以完成最新的礦產資源估算。完成更新的礦產資源估算是爲了納入2016年完成但未包含在礦牀先前評估中的其他鑽探,也是爲了使歷史估算符合2019年11月發佈的CIM MRMR最佳實踐指南(“CIM MRMR指南”)。最新礦產資源基於162個鑽石鑽孔(23,775米)的驗證結果,包括2008年完成的10個鑽孔(575米)、2009年完成的35個鑽孔(3,613米)、2010年完成的59個鑽孔(9,735米)、北阿比蒂比礦業公司(現爲CANEX Metals Inc.)在2011年完成的25個鑽孔(4,698米)和33個鑽孔(5,13個)(5,18米)54 m) 由 Anaconda Mining Inc.(現爲 Signal Gold Inc.)於 2016 年完工。

The Updated Mineral Resource Estimate for the Thor Deposit comprises open-pit constrained Indicated Mineral Resources of 817,000 tonnes at an average grade of 1.70 g/t gold for 45,000 ounces and open-pit constrained Inferred Mineral Resources of 44,000 tonnes at an average grade of 1.27 g/t gold for 1,800 ounces at a cut-off grade of 0.46 g/t gold. The Thor Deposit also includes underground constrained Indicated Mineral Resources of 62,000 tonnes at an average grade of 2.98 g/t gold containing 5,900 ounces and underground constrained Inferred Mineral Resources of 23,000 tonnes at an average grade of 3.31 g/t gold containing 2,400 ounces at a cut-off grade of 2.14 g/t gold (Table 1; Figures 2 and 3). The Effective Date of the Mineral Resource Estimate is October 24, 2023.

雷神礦牀的最新礦產資源估算包括露天受限的指示礦產資源81.7萬噸,平均品位爲1.70克/噸黃金,45,000盎司,以及露天受限的推斷礦產資源44,000噸,平均品位爲1.27克/噸黃金,1,800盎司,臨界品位爲0.46克/噸黃金。雷神礦牀還包括地下受限的指示礦產資源62,000噸,平均品位爲2.98克/噸黃金,含5,900盎司,以及地下限制的推斷礦產資源,平均品位爲3.31克/噸的黃金,含金量爲2,400盎司,金的臨界品位爲2.14克/噸(表1;圖2和3)。礦產資源估算的生效日期爲2023年10月24日。

Table 1: Thor Deposit Mineral Resource Estimate - Effective Date: October 24, 2023

表 1:雷神礦牀礦產資源估算——生效日期:2023 年 10 月 24 日

Resource Type Au g/t Cut-off Category Tonnes Au g/t Au Ounces

Open Pit Constrained

0.46

Indicated

817,000

1.70

45,000

Inferred

44,000

1.27

1,800

Underground Constrained

2.14

Indicated

62,000

2.98

5,900

Inferred

23,000

3.31

2,400

Combined

0.46/2.14

Indicated

879,000

1.79

51,000

Inferred

67,000

1.97

4,200

資源類型 Au g/t 截止值 類別 Au g/t 澳元盎司

露天礦受限

0.46

已指明

817,000

1.70

45,000

推斷

44,000

1.27

1,800

地下受限

2.14

已指明

62,000

2.98

5,900

推斷

23,000

3.31

2,400

合併

0.46/2.14

已指明

879,000

1.79

51,000

推斷

67,000

1.97

4,200

Notes:

注意事項:

  1. The QP for the Mineral Resource statement is Mr. Matthew Harrington, P. Geo who is an employee of Mercator Geological Services Limited.
  2. Mineral Resources were prepared in accordance with the CIM Definition Standards (May 2014) and the CIM MRMR Best Practice Guidelines (November 2019).
  3. Open Pit Constrained Mineral Resources occur within an optimized pit shell with average pit slope angles of 450 and a 5.5:1 strip ratio (waste: mineralized material).
  4. Pit optimization parameters include pricing of US$1,850/oz Au (0.769 US$ to CDN$ exchange rate), mining at CDN$4.5/t, combined processing, G&A, and trucking (1,250 t/d process rate) of CDN$33.85/t processed, and an overall gold recovery of 96%.
  5. Open Pit Constrained Mineral Resources are reported at a cut-off grade of 0.46 g/t gold within the optimized pit shell.
  6. Underground Constrained Mineral Resources are reported at a cut-off grade of 2.14 g/t gold based on total operating costs of CDN$97.50/t processed.
  7. Mineral Resources were estimated using inverse distance squared methods applied to 1.5 m capped downhole assay composites. Prior to compositing, assays values were capped at a grade equivalent to 30.71 g/t/m gold within the Thor Vein domain and at a grade equivalent to 12.5 g/t/m gold within all other mineralized domains. Model block size is 3 m X by 6 m Y by 6 m Z.
  8. An average bulk density of 2.7 g/cm3 was applied for Mineral Resources and waste material.
  9. Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
  10. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
  11. Figures may not sum due to rounding.
  1. 礦產資源聲明的合夥人是Matthew Harrington先生,P. Geo,他是墨卡托地質服務有限公司的員工。
  2. 礦產資源是根據CIM定義標準(2014年5月)和CIM MRMR最佳實踐指南(2019年11月)編制的。
  3. 露天礦受限的礦產資源位於經過優化的礦殼內,平均礦坑斜角爲 450,條帶比爲 5. 5:1(廢物:礦化材料)。
  4. 礦坑優化參數包括1850美元/盎司金的定價(0.769美元兌加元的匯率)、每噸4.5加元的採礦、複合加工、G&A和卡車運輸(1,250噸/日的處理率),黃金的總回收率爲96%。
  5. 據報道,露天礦產資源受限礦產資源在優化後的礦殼內金的臨界品位爲0.46 g/t。
  6. 根據加工的總運營成本爲97.50加元/噸,地下受限礦產資源的臨界品位爲2.14克/噸。
  7. 礦產資源是使用應用於 1.5 m 封頂井下分析複合材料的反距離平方法估算的。在合成之前,化驗值上限爲雷神脈域內相當於30.71 g/t/m金的品位,以及所有其他礦化域中相當於12.5 g/t/m金的品位。模型塊大小爲 3 m X x 6 m Y x 6 m Z。
  8. 平均體積密度爲 2.7 g/cm3 已申請礦產資源和廢棄物質。
  9. 礦產資源可能會受到環境、許可、法律、所有權、稅收、社會政治、營銷或其他相關問題的重大影響。
  10. 礦產資源不是礦產儲量,沒有顯示出經濟可行性。
  11. 由於四捨五入,數字可能不相和。

Figure 1: Location map of the Viking Area, Great Northern Project.

圖 1:大北方項目維京地區的位置圖。

Figure 2: Oblique view looking northeast of Mineral Resource gold grade distribution.

圖 2:向東北看礦產資源黃金品位分佈的傾斜視圖。

Figure 3: Oblique view looking northwest of Mineral Resource category.

圖 3:礦產資源類別西北部的傾斜視圖。

Change Relative to the Historical Estimate

相對於歷史估計值的變化

A Mineral Resource Estimate that is now historical in nature was prepared by Giroux Consultants Ltd. on behalf of Anaconda Mining Inc, now Signal Gold Inc., with an effective date of August 29, 2016. A Qualified Person has not done sufficient work to classify this historical estimate as current Mineral Resources. The historical estimate is considered relevant as it demonstrates the three-dimensional continuity of the Deposit. Magna Terra is not treating the historical estimate as current Mineral Resources and it is superseded by the Updated Mineral Resource presented in this press release.

Giroux Consultants Ltd.代表Anaconda Mining Inc.(現爲Signal Gold Inc.)編制了一份現已具有歷史意義的礦產資源估算,生效日期爲2016年8月29日。合格人員在將這一歷史估算值歸類爲當前礦產資源方面做得還不夠。歷史估計被認爲是相關的,因爲它表明了礦牀的三維連續性。Magna Terra並未將歷史估計視爲當前的礦產資源,它被本新聞稿中介紹的最新礦產資源所取代。

Results of the 2016 Thor Deposit historical estimate are 937,000 tonnes Indicated with an average grade of 2.09 g/t gold and 350,000 tonnes Inferred with an average grade of 1.79 g/t gold. The historical estimate was based on a three-dimension block model with Ordinary and Indicator Kriging grade interpolation and resources were reported at gold cut-off of 1.00 g/t. Interpreted mineralized wireframes and capped downhole assay composites were used to constrain grade interpolations.

2016年雷神礦牀歷史估算結果爲93.7萬噸,平均品位爲2.09克/噸黃金,推斷爲35萬噸,平均品位爲1.79克/噸黃金。歷史估算基於三維區塊模型,採用普通和指示克里金品位插值,在黃金臨界值爲 1.00 g/t 時報告了資源。使用解釋的礦化線框和封頂井下分析複合材料來限制品位插值。

The combined new Open Pit - Underground Mineral Resource Estimate represents a 6% decrease in tonnes, a 14% decrease in grade and a 20% decrease in contained ounces for Indicated Mineral Resources and an 81% decrease in tonnes, 10% increase in grade and 79% decrease in contained ounces for Inferred Mineral Resources compared to the 2016 historical estimate. The decreased Mineral Resource tonnes, grade and contained ounces are predominantly related to the application of Reasonable Prospects for Eventual Economic Extraction factors for open-pit and underground Mineral Resources in accordance with the CIM MRMR Guidelines. Additional changes are related to remodelling of mineralized wireframes and changes in reporting cut-off grade due to adjustments in gold selling and mining/production costs since the 2016 historical estimate.

新的露天礦-地下礦產資源綜合估算表明,與2016年的歷史估計相比,指定礦產資源的噸位下降了6%,含盎司的品位下降了20%,推斷礦產資源的噸位下降了81%,品位增加了10%,含盎司減少了79%。礦產資源噸數、品位和含量盎司的下降主要與根據CIM MRMR指南對露天和地下礦產資源應用合理經濟開採前景因素有關。其他變化與礦化線框的重塑以及自2016年曆史估計以來黃金銷售和採礦/生產成本調整導致的報告臨界品位的變化有關。

About the Viking and Great Northern Projects

關於《維京人》和《大北方項目》

The Viking and Great Northern Projects are comprised of two separate claim blocks totaling 13,775 hectares, which are located near the communities of Sops Arm, Pollard's Point, and Jackson's Arm, Newfoundland and Labrador.

維京和大北方項目由兩個獨立的索賠區塊組成,總面積爲13,775公頃,位於紐芬蘭和拉布拉多的索普斯阿姆、波拉德角和傑克遜阿姆社區附近。

The Projects are centered along a 30-kilometre section of the Doucers Valley Fault, a significant geological control on, and host to, several gold deposits and untested prospects, including the Rattling Brook and Thor Deposits plus the Incinerator, Furnace, Jacksons Arm, Viking, Kramer, Viking North, and Little Davis Pond mineralized trends. This proven gold environment with existing Mineral Resources and numerous untested gold trends occurs over a cumulative 30+ kilometre strike length. Gold mineralization is hosted within a variety of rock types that include Precambrian or Ordovician granites as well as younger volcanic and sedimentary rocks, typically along splays off the Doucers Valley Fault. This is a similar geological/structural environment to Marathon Gold Corporation's Valentine Gold Project. Alteration consists of mesothermal style quartz ± iron carbonate ± sulfide veins and stockworks with 2 to 5% total sulfides consisting of pyrite, galena, chalcopyrite, or sphalerite. These mineralized veins locally show trace amounts of visible gold.

這些項目以杜瑟斯谷斷層長達30公里的路段爲中心,該斷層是幾處金礦牀的重要地質控制和所在地,包括瑞特林溪和雷神礦牀,以及焚化爐、熔爐、傑克遜山脈、維金、克萊默、北維京和小戴維斯池的礦化趨勢。這種久經考驗的黃金環境擁有現有的礦產資源和大量未經測試的黃金趨勢,其走向長度累計超過30千米。金礦化存在於各種岩石類型中,包括前寒武紀或奧陶紀花崗岩以及較年輕的火山岩和沉積岩,通常位於杜瑟斯谷斷層的海灣沿線。這與馬拉松黃金公司的情人節黃金項目相似的地質/結構環境。變化包括中溫型石英 ± 碳酸鐵 ± 硫化物礦脈和總硫化物含量爲 2% 至 5% 的黃鐵礦、方鉛礦、黃銅礦或閃鋅礦。這些礦化礦脈在局部顯示出微量的可見黃金。

The Viking and Great Northern Projects are host to significant Current Mineral Resources, including:

Viking 和 Great Northern Projects 擁有大量的當前礦產資源,包括:

  • An Inferred Mineral Resource Estimate of 5,460,000 tonnes at an average grade of 1.45 g/t gold containing 255,000 contained ounces at a cut-off grade of 1.0 g/t gold at the Rattling Brook Deposit; and
  • An updated open-pit constrained Indicated Mineral Resource Estimate of 817,000 tonnes at an average grade of 1.70 g/t gold for 45,000 ounces and open-pit constrained Inferred Mineral Resources of 44,000 tonnes at an average grade of 1.27 g/t gold for 1,800 ounces at a cut-off grade of 0.46 g/t gold at the Thor Deposit. The Thor Deposit also includes underground constrained Indicated Mineral Resources of 62,000 tonnes at an average grade of 2.98 g/t gold, containing 5,900 ounces, and underground constrained Inferred Mineral Resources of 23,000 tonnes at an average grade of 3.31 g/t gold, containing 2,400 ounces at a cut-off grade of 2.14 g/t gold.
  • 推斷礦產資源估計爲5460,000噸,平均品位爲1.45克/噸的黃金,含25.5萬盎司黃金,拉特靈溪礦牀的截止品位爲1.0克/噸黃金;以及
  • 最新的露天限定礦產資源估計值爲81.7萬噸,黃金平均品位爲1.70克/噸,45,000盎司,露天礦牀推斷礦產資源爲44,000噸,平均品位爲1.27克/噸黃金,1,800盎司金的平均品位爲1.27克/噸,金的臨界品位爲0.46克/噸。雷神礦牀還包括地下受限的指示礦產資源62,000噸,平均品位爲2.98克/噸黃金,含5,900盎司;地下受限的推斷礦產資源23,000噸,平均品位爲3.31克/噸黃金,含量爲2,400盎司,金的截止品位爲2.14克/噸。

Several drill targets and specific opportunities for mineral resource expansion and discovery have been identified by the Company based on recent field programs and a comprehensive review of historical and current exploration data. This work, in conjunction with that of previous operators on the Property, has identified the importance of fault control on gold mineralization. These major target areas for near-term drill testing are:

根據最近的油田計劃以及對歷史和當前勘探數據的全面審查,該公司已經確定了多個鑽探目標以及礦產資源擴張和發現的具體機會。這項工作與該物業以前的運營商的工作相結合,確定了斷層控制對金礦化的重要性。近期鑽探測試的這些主要目標區域是:

  • The Apsy Zone - Existing Mineral Resource area with potential for minimum 800 metre extension.
  • Incinerator Trend - 1.8-kilometre-long gold-bearing east-west fault only tested by four historical drill holes that intersected gold mineralization: 2.32 g/t gold over 4.1 metres (drill hole RB-41 from 33.1 m downhole); 1.06 g/t gold over 15.6 metres (drill hole RB-39 from 66.8 m downhole); 1.00 g/t gold over 9.7 metres (drill hole RB-37 from 32.1 m downhole); and 1.78 g/t gold over 4.0 metres (drill hole RB-35 from 47.2 m downhole).
  • Furnace Trend - 1.7-kilometre long trend with rock grab samples** assaying up to 5.60 g/t gold along east-west fault zone.
  • Kramer Trend - 1.5-kilometre long northeast striking zone of gold mineralization centred on the contact between granites and quartzites. Highlight assays from previous drill holes KR-10-07 and KR-10-08 include 1.12 g/t gold over 20.05 metres (from 53.5 m downhole) and 1.50 g/t gold over 14.4 metres (from 66.85 m downhole), respectively.
  • Viking Trend - 6.4 kilometre long by up to 40-metre wide deformation and alteration zone with gold grades of 0.45 g/t gold over 20.0 metres in drill hole VK-16-154 (from 48.0 m downhole), as well as local high grades as indicated by 7.43 g/t gold over 1.0 metre in drill hole VK-16-155 (from 36.0 m downhole).
  • Viking North Trend - 8-kilometre long east-west striking fault zone, sub-parallel to the Viking Trend, that is host to gold mineralized rocks and soils from reconnaissance sampling assaying up to 2.12 g/t gold and 380 ppb gold, respectively.
  • Jacksons Arm Trend - 2.4-kilometre-long gold zone defined by numerous gold bearing rock and soil samples and from drilling in late 2020.
  • Apsy Zone-現有礦產資源區,有可能延伸至少 800 米。
  • 焚化爐趨勢——長達1.8千米的東西向含金斷層僅通過與金礦化相交的四個歷史鑽孔進行測試:4.1米以上的金含量爲2.32克/噸(從井下 33.1 米處鑽孔 RB-41);超過 15.6 米處的 1.06 克/噸黃金(從井下 66.8 米處鑽孔 RB-39);超過 9.7 米處的 1.00 克/噸黃金(從井下 32.1 米處鑽孔 RB-37);以及超過 4.0 米處的 1.78 克/噸黃金(從井下 47.2 米處鑽孔 RB-35)。
  • Furnace Trend-長達 1.7 千米的趨勢,岩石採集樣本** 在東西向斷層帶上可測出高達 5.60 克/噸的黃金。
  • 克萊默趨勢——長達1.5千米的東北金礦化帶以花崗岩和石英岩之間的接觸爲中心。先前鑽孔 KR-10-07 和 KR-10-08 的亮點分析分別包括超過 20.05 米(從井下 53.5 米處)的 1.12 克/噸黃金,以及超過 14.4 米(從井下 66.85 米)上的 1.50 克/噸黃金。
  • Viking Trend-長 6.4 千米、寬達 40 米的變形和變化區,VK-16-154 鑽孔(從井下 48.0 米起)中金品位爲 0.45 克/噸,局部品位高,如 VK-16-155 鑽孔(從井下 36.0 米起)中超過 1.0 米的 7.43 克/噸金品位所示。
  • Viking North Trend——長達8千米的東西向衝擊斷層帶,與維京趨勢平行,那裏是金礦化岩石和土壤的所在地,這些岩石和土壤分別分析了高達2.12 g/t的黃金和380 ppb的黃金。
  • Jacksons Arm Trend-2.4千米長的黃金地帶,由大量含金岩石和土壤樣本以及2020年底的鑽探結果定義。

**Grab samples are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.

**採集的樣本是精選樣本,不一定表示該物業上可能存在礦化。

Technical Reports and Documentation Notes

技術報告和文檔說明

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Mineral Resources were prepared in accordance with the CIM Definition Standards (May 2014) and the CIM MRMR Best Practice Guidelines (November 2019).

礦產資源不是礦產儲量,沒有顯示出經濟可行性。礦產資源是根據CIM定義標準(2014年5月)和CIM MRMR最佳實踐指南(2019年11月)編制的。

^The existing Mineral Resources referenced in this press release regarding the Great Northern Project refers to the technical report: "NI 43-101 Technical Report and Updated Mineral Resource Estimate on the Rattling Brook Gold Deposit, Great Northern Project, White Bay Area, Newfoundland, Canada", (the "Great Northern Report") with an effective date of January 23, 2019, and authored by Matthew Harrington, P.Geo. (Independent Qualified Person) and Michael Cullen, P.Geo. (Independent Qualified Person).

^本新聞稿中提及的有關大北方項目的現有礦產資源是指由P.Geo的馬修·哈靈頓撰寫的技術報告:“加拿大紐芬蘭懷特灣地區大北方項目拉特林布魯克金礦NI 43-101技術報告和最新礦產資源估算”(“大北方報告”),生效日期爲2019年1月23日。(獨立合格人士)和邁克爾·卡倫,P.Geo。(獨立合格人士)。

^^The Historical Mineral Resource Estimate quoted in this press release regarding the Viking Project (Thor Deposit) is taken from the technical report: "NI 43-101 Technical Report And Mineral Resource Estimate For The Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada, Latitude 49o 42′ N Longitude 57o 00′ W" prepared for Anaconda Mining Inc. by David A. Copeland, P.Geo., Dr. Shane Ebert, P. Geo. and Gary Giroux, P. Eng. M.ASc., August 29, 2016. An Independent Qualified Person has not carried out sufficient work to classify the Thor Historical Mineral Resource Estimate as current and Magna Terra is not considering this Mineral Resource Estimate to be current.

^^本新聞稿中引用的有關維京項目(雷神礦牀)的歷史礦產資源估算摘自技術報告:“加拿大紐芬蘭和拉布拉多白灣地區維金項目NI 43-101雷神礦牀技術報告和礦產資源估算,Latitude 49o 42′ N 經度 57o 00′ W” 由 P.Geo. David A. Copeland、P. Geo. Shane Ebert 博士和 P. Eng. Geo. Geo. 的 Gary Giroux 爲 Anaconda Mining Inc. 編寫。碩士,2016 年 8 月 29 日。獨立合格人員沒有開展足夠的工作來將《雷神歷史礦產資源估算》歸類爲最新的,Magna Terra不認爲該礦產資源估算是最新的。

Rock and core sample lengths from historical exploration programs that are reported in this press release are presented as core or sample lengths only. True widths of mineralized intervals are not known. All quoted drill core sample intervals, grades and production statistics were compiled from historical assessment reports obtained from the government of Newfoundland and Labrador that are referenced in the Technical Reports noted above.

本新聞稿中報道的歷史勘探計劃的岩石和岩心樣本長度僅以岩心或樣本長度表示。礦化間隔的真實寬度尚不清楚。所有引用的鑽芯樣本間隔、等級和產量統計數據均根據紐芬蘭和拉布拉多政府提供的歷史評估報告彙編而成,上述技術報告中提到了這些報告。

Qualified Persons

合格人員

This news release has been reviewed and approved by David A. Copeland, P.Geo., Chief Geologist with Magna Terra Minerals Inc., "a Qualified Person" as defined under NI 43-101. Matthew Harrington, P.Geo., and Rochelle Collins, P.Geo., of Mercator Geological Services Ltd., are both "Independent Qualified Persons" as defined under NI 43-101 and confirm that they have reviewed this press release and that the scientific and technical information disclosed herein is representative of the current Thor Deposit Updated Mineral Resource Estimate. A Technical Report supporting the Updated Mineral Resource Estimate will be made available on SEDAR at under the Company's profile within 45 days of this news release.

本新聞稿已由麥格納泰拉礦業公司首席地質學家大衛·科普蘭P.Geo進行了審查和批准,根據NI 43-101的定義,“合格人士”。P.Geo. 的馬修·哈靈頓和墨卡托地質服務有限公司的 P.Geo. 的羅謝爾·柯林斯都是 NI 43-101 定義的 “獨立合格人士” 確認他們已查看本新聞稿以及此處披露的科學和技術信息 是代表的 當前的雷神礦牀最新礦產資源估算。在本新聞發佈後的45天內,將在SEDAR的公司簡介下方提供支持最新礦產資源估算的技術報告。

About Magna Terra

關於《麥格納泰拉》

Magna Terra Minerals Inc. is a precious metals focused exploration company, headquartered in Toronto, Canada. Magna Terra owns two district-scale, resource stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes a precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district scale drill ready projects available for option or joint venture.

Magna Terra Minerals Inc. 是一家專注於貴金屬的勘探公司,總部位於加拿大多倫多。Magna Terra在新不倫瑞克省、紐芬蘭和拉布拉多的頂級礦業管轄區擁有兩個區域規模、資源階段的黃金勘探項目。此外,該公司在阿根廷聖克魯斯省擁有龐大的勘探組合,其中包括在Luna Roja項目中發現的貴金屬,以及可供選擇或合資經營的大量區域規模鑽探準備項目組合。

Forward Looking Statements

前瞻性陳述

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.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

Cautionary Statements Regarding Forward Looking Information

關於前瞻性信息的警示聲明

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 Regulation 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.

本新聞稿包含加拿大適用立法所指的前瞻性陳述和前瞻性信息(統稱爲 “前瞻性陳述”)。本新聞稿中所有不純粹的歷史陳述均爲前瞻性陳述,包括有關未來信念、計劃、預期和方向的陳述,包括但不限於公司提交符合第43-101條報告的能力。儘管公司認爲此類陳述是合理的,反映了對未來發展的預期以及管理層認爲合理和相關的其他因素,但公司無法保證此類預期會被證明是正確的。前瞻性陳述通常由以下詞語來識別:“相信”、“期望”、“預期”、“打算”、“計劃”、“可能”、“應該”、“將”、“潛在”、“預期” 或此類詞語和短語的變體以及類似表達方式,就其本質而言,指未來可能發生、可能發生、可能發生或即將發生的事件或結果或已實現。在本新聞稿中發表前瞻性陳述時,公司應用了多個重要假設,包括但不限於技術報告作者最終確定前瞻性陳述的能力。

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 profile at . 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.

前瞻性陳述涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致公司的實際業績、業績或成就與前瞻性信息所表達或暗示的任何未來業績、業績或成就存在重大差異。此類風險和其他因素包括公司無法執行其擬議的業務計劃和開展計劃中的未來活動。其他因素也可能對公司未來的業績或業績產生不利影響,包括總體經濟、市場或商業狀況、黃金的未來價格、金融市場和貴金屬需求的變化、影響礦產勘探行業和公司在礦產勘探領域的投資和運營的法律、法規和政策的變化,以及公司年度和季度管理層的討論和分析以及其他方面更全面地描述的風險和不確定性公司根據公司簡介向加拿大證券監管機構提交的文件,地址爲。提醒讀者,前瞻性陳述不能保證未來的業績或事件,因此,提醒讀者不要過分依賴前瞻性陳述,因爲此類陳述具有固有的不確定性。

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.

這些前瞻性陳述自本新聞稿發佈之日起作出,除非適用法律要求,否則公司沒有義務更新前瞻性陳述或更新實際業績可能與這些前瞻性陳述中預測的結果不同的原因。

FOR FURTHER INFORMATION PLEASE CONTACT:

欲了解更多信息,請聯繫:

Magna Terra Minerals Inc.
Lewis Lawrick
President and CEO, Director
647-478-5307
Email: info@magnaterraminerals.com
Website:

麥格納泰拉礦業公司
劉易斯·勞裏克
總裁兼首席執行官兼董事
647-478-5307
電子郵件:info@magnaterraminerals.com
網站:

SOURCE: Magna Terra Minerals Inc.

來源:Magna Terra Minerals Inc.


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