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Magna Terra Minerals (TSXV:MTT) Feature Company

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The company has conducted extensive rock chip, channel, trenching along with soil and geophysics and believes it has identified a number of high priority targets in Santa Cruz, Argentina, within the prolific Deseado Massif in southern Patagonia.

Additional Information:

Company: Magna Terra Minerals
Website: http://www.magnaterraminerals.com
Stock Symbol: TSXV: MTT
Date Published: Oct 22, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Today’s feature company is Magna Terra Minerals, a precious metals exploration company active in Argentina.

The company has conducted extensive rock chip, channel, trenching along with soil and geophysics and believes it has identified a number of high priority targets in Santa Cruz, Argentina, within the prolific Deseado Massif in southern Patagonia.

The company plans to test the Luna Roja and Pieda Negra Projects with 17 holes and 2,000 meters of drilling in the first phase.

Drilling is expected to start by late October at Luna Roja.

Lew Lawrick, President & CEO, stated: “We are very excited to undertake this initial drilling program on these two highly prospective projects. We have toiled diligently over the last year to put ourselves in a position to deliver shareholder value through the drill bit. These two projects, though different in character, both have the potential to deliver significant new precious metals “discoveries” in this prolific geological domain.”

The Luna Roja gold/silver project is located approximately 75 kilometers northwest of the Don Nicholas Mine and 30 kilometers north-northwest of New Dimensions’ Las Calandrias Project.

At Luna Roja, the company plans a program of 8 diamond drill holes of approximately 1,000 meters to test specific targets.

The company has completed significant work to date including 360 rock chip and float samples, 741 trench samples, 715 soil samples and 17.6 line kilometers of Induced Polarization.

The principal target concept is centered on resistive and chargeable IP anomalies associated with a north-northwest striking structural corridor comprising a 3 kilometer extension of semi continuous low sulphidation gold and silver veinlets and breccias.

The Piedra Negra Project is located approximately 30 kilometers north-northeast of the Anglo-Ashanti’s Cerro Vanguardia Gold Mine in the southern-central portion of the Deseado Massif.

The project is characterized by gold bearing, low sulphidation veins and stockworks.

The company has plans for 9 diamond drill holes of approximately 1,000 meters in this first phase of drilling.

Work to date includes geological mapping and 460 select rock chip samples across an area measuring 2.5 kilometers from north to south and between 800 meters from east to west.

Gold grade ranges up to 16.02 parts per million with an average grade of 0.47 ppm including 189 samples over 0.1 ppm.

The company has also completed geophysical survey constituting 60 line kilometers of ground magnetics and 15 line kilometers of Induced Polarization.

The principal target concepts include north-south striking veins seen in outcrops and verified by IP resistivity.

With a 17 hole drill program, there should be a steady news flow over the next several months.

The shares are trading at $0.05.

For more information, please visit the company’s website, www.magnaterraminerals.com, contact Lew Lawrick, President & CEO at 647-478-5307 or email info@magnaterraminerals.com

I’m Samantha Deutscher for Investmentpitch Media