Magna Terra Partner Lunex Metals Advances Exploration and Launches Drill Program at the Luna Roja Project in Santa Cruz, Argentina

Original announcement by tmx on Feb 12, 2026

Bullish

Company: Magna Terra Minerals Inc.
Ticker: MTT
Exchange: TSX
Region: Santa Cruz, Argentina
Primary commodity: Gold
Secondary commodities: Silver, Mercury
Document categories: Drill results, Agreement transaction
Extracted: 2026-08-25 22:55:43 UTC

Minestarters Atlas analysis

Summary

Magna Terra Minerals has announced that its partner, Lunex Metals, has commenced a 3,000-metre drill program at the Luna Roja Project in Argentina. The program follows high-grade surface gold and silver sampling and aims to test priority targets identified through recent geophysical and geochemical work.

Reasoning: The announcement marks the start of a significant drill program following strong surface geochemistry and historical drill results at a prospective epithermal project.

Positive factors

Commencement of 3,000m drill program
High-grade surface sampling (13.26 g/t Au, 1,155 g/t Ag)
Presence of mercury pathfinder
Historical drill success (LR_DDH002)

Negative factors

Mercury presence noted (though described as pathfinder)

Facts used in scoring: 5

Atlas analysis — Magna Terra Minerals Inc.: Magna Terra Partner Lunex Metals Advances Exploration and Launches Drill Program at the Luna Roja Project in Santa Cruz, Argentina. 13.26 g/t over 1 m

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release mentions 10% QA/QC controls including blanks, standards, and duplicates.

Evidence · text

“Channel and rock-chip samples included 10% QA/QC controls through the insertion of blank samples”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Surface silver assay of 1,155 g/t is exceptionally high.

Evidence · text

“1,155 g/t silver”

Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

Drill Results (5)

Fact 1goldGrade: 13.26Grade Unit: g/tIntercept: 1 mView all details

Link to this fact

Identity

Commodity: gold
Ticker: MTT

Geometry

Grade: 13.26
Grade Unit: g/t
Intercept: 1 m

Classification

Deposit Type: epithermal
Program: exploration
Sample Type: channel
Group ID: surface:estrelladelnorte
Mining Method: underground

QA/QC

Laboratory: Alex Stewart International
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-02-12T00:00:00.000Z

Reasoning: Exceptional gold grade from surface channel sampling.

Positive factors

High grade intercept

Fact 2silverGrade: 1155Grade Unit: g/tIntercept: 1 mView all details

Link to this fact

Identity

Commodity: silver
Ticker: MTT

Geometry

Grade: 1155
Grade Unit: g/t
Intercept: 1 m

Classification

Deposit Type: epithermal
Program: exploration
Sample Type: channel
Group ID: surface:estrelladelnorte
Mining Method: underground

QA/QC

Laboratory: Alex Stewart International
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-02-12T00:00:00.000Z

Reasoning: Exceptional silver grade from surface channel sampling.

Positive factors

High grade intercept

LR_DDH002goldGrade: 0.62Grade Unit: g/tIntercept: 75 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: LR_DDH002
Commodity: gold
Ticker: MTT

Geometry

Grade: 0.62
Grade Unit: g/t
Intercept: 75 m
From: 37 m
To: 112 m

Classification

Deposit Type: epithermal
Program: exploration
Sample Type: drill
Group ID: LR_DDH002:37.0-112.0
Mining Method: underground

QA/QC

Laboratory: ALS Chemex Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes
Historical Source Date: 2019-04-16T00:00:00.000Z

Dates

Event date: 2026-02-12T00:00:00.000Z

Reasoning: Historical drill intercept with significant width but low grade.

Positive factors

Significant width

LR_DDH002silverGrade: 5.6Grade Unit: g/tIntercept: 75 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: LR_DDH002
Commodity: silver
Ticker: MTT

Geometry

Grade: 5.6
Grade Unit: g/t
Intercept: 75 m
From: 37 m
To: 112 m

Classification

Deposit Type: epithermal
Program: exploration
Sample Type: drill
Group ID: LR_DDH002:37.0-112.0
Mining Method: underground

QA/QC

Laboratory: ALS Chemex Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes
Historical Source Date: 2019-04-16T00:00:00.000Z

Dates

Event date: 2026-02-12T00:00:00.000Z

Reasoning: Historical drill intercept with low silver grade.

LR_DDH002goldGrade: 1.01Grade Unit: g/tIntercept: 42 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: LR_DDH002
Commodity: gold
Ticker: MTT

Geometry

Grade: 1.01
Grade Unit: g/t
Intercept: 42 m
From: 68 m
To: 110 m

Classification

Deposit Type: epithermal
Program: exploration
Sample Type: drill
Group ID: LR_DDH002:68.0-110.0
Mining Method: underground

QA/QC

Laboratory: ALS Chemex Laboratories
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes
Historical Source Date: 2019-04-16T00:00:00.000Z

Dates

Event date: 2026-02-12T00:00:00.000Z

Reasoning: Historical sub-interval showing grade improvement at depth.

Positive factors

Increased grade with depth

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.