Magna Terra Provides Update On Recent Exploration Results By Partner Newmont At Boleadora

Jun 13, 2023

TORONTO, ON / ACCESSWIRE / June 13, 2023 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSXV:MTT, Financial) is pleased to announce through its 100% owned Argentine subsidiary Atala Resources S.A. ("Atala"), that Oroplata S.A. ("Oroplata"), a subsidiary of Newmont Corporation ("Newmont"), has provided a detailed summary report of its initial exploration program undertaken to date on the Boleadora Project. In addition, Oroplata has made the third anniversary option payment of US$100,000 to Atala under the option agreement (see details below). The Boleadora Project ("Boleadora") is a large greenfields exploration land package (~55,000 hectares) encompassing 12 exploration licenses situated 17 kilometres southeast of Newmont's Cerro Negro mine area in Santa Cruz Province, Argentina (Figure 1).

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