Magna Terra Receives First Anniversary Option Payment from Lunex Metals on the Luna Roja Project, Argentina
Original announcement by newsfile on
- Company
- Magna Terra Minerals Inc.
- Ticker
- MTT
- Exchange
- Unavailable
- Region
- Santa Cruz Province, Argentina
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Agreement transaction, Drill results
- Extracted
- 2026-10-20 12:21:16 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Magna Terra Minerals has received its first anniversary option payment from Lunex Metals regarding the Luna Roja Project in Argentina. The release also highlights recent drill results from the Cruz del Sur and Estrella del Norte targets, confirming an extensive epithermal gold-silver system.
Reasoning: The document announces a milestone payment in an option agreement and provides supporting historical drill results that validate the project's potential.
Positive factors
- Receipt of anniversary option payment
- Successful drill results at Cruz del Sur and Estrella del Norte
- Expansion of mineralized targets
Negative factors
- True widths not yet estimated
Facts used in scoring: 14
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: The release mentions a Qualified Person (David A. Copeland, P.Geo.) and NI 43-101 compliance.
Evidence · text
“reviewed and approved by David A. Copeland, P.Geo., Vice President Exploration and non-independent "Qualified Person" under National Instrument 43-101”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The release explicitly states that true widths are not yet estimated.
Evidence · text
“True widths are not yet estimated due to the current limited understanding of the geometry”
Extracted facts
Stored fact records: 14. Some facts used in scoring do not have a stored record.
Drill Results (14)
LR_DDH14Luna Roja · goldGrade: 0.36Grade Unit: g/tIntercept: 23.1 mView all detailsHide details
Identity
- Hole ID
- LR_DDH14
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 0.36
- Grade Unit
- g/t
- Intercept
- 23.1 m
- From
- 79 m
- To
- 102.1 m
- Intercept Depth
- 79 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH14:79-102.1
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Moderate grade intercept in a broad zone.
Evidence · text
“23.1 metres (from 79.0 to 102.1 metres) grading 0.36 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH14Luna Roja · silverGrade: 61.76Grade Unit: g/tIntercept: 23.1 mView all detailsHide details
Identity
- Hole ID
- LR_DDH14
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 61.76
- Grade Unit
- g/t
- Intercept
- 23.1 m
- From
- 79 m
- To
- 102.1 m
- Intercept Depth
- 79 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH14:79-102.1
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Silver byproduct in a gold intercept.
Evidence · text
“61.76 g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH14Luna Roja · goldGrade: 1.15Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- LR_DDH14
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 1.15
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH14:79.0-102.1
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Evidence · text
“including 2.0 metres grading 1.15 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH14Luna Roja · silverGrade: 465Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- LR_DDH14
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 465
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH14:79.0-102.1
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: High grade silver sub-interval.
Evidence · text
“465.0 g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH15Luna Roja · goldGrade: 0.7Grade Unit: g/tIntercept: 19 mView all detailsHide details
Identity
- Hole ID
- LR_DDH15
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 0.7
- Grade Unit
- g/t
- Intercept
- 19 m
- From
- 103 m
- To
- 122 m
- Intercept Depth
- 103 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH15:103-122
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Solid gold intercept.
Evidence · text
“19.0 metres (from 103.0 to 122.0 metres) grading 0.70 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH15Luna Roja · silverGrade: 9.38Grade Unit: g/tIntercept: 19 mView all detailsHide details
Identity
- Hole ID
- LR_DDH15
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 9.38
- Grade Unit
- g/t
- Intercept
- 19 m
- From
- 103 m
- To
- 122 m
- Intercept Depth
- 103 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH15:103-122
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Silver byproduct.
Evidence · text
“9.38 g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH15Luna Roja · goldGrade: 1.79Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- LR_DDH15
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 1.79
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH15:103.0-122.0
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Evidence · text
“including 4.0 metres grading 1.79 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH15Luna Roja · silverGrade: 33.15Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- LR_DDH15
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 33.15
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH15:103.0-122.0
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Higher grade silver sub-interval.
Evidence · text
“33.15 g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH17Luna Roja · goldGrade: 0.63Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- LR_DDH17
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 0.63
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 120 m
- To
- 130 m
- Intercept Depth
- 120 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH17:120-130
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Moderate grade intercept.
Evidence · text
“10.0 metres (from 120.0 to 130.0 metres) grading 0.63 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH17Luna Roja · goldGrade: 2.04Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- LR_DDH17
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 2.04
- Grade Unit
- g/t
- Intercept
- 2 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH17:120.0-130.0
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Higher grade sub-interval.
Evidence · text
“including 2.0 metres grading 2.04 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH26Luna Roja · goldGrade: 0.23Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- LR_DDH26
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 0.23
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 20 m
- To
- 28 m
- Intercept Depth
- 20 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH26:20-28
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Low grade intercept.
Evidence · text
“8.0 metres (from 20.0 to 28.0 metres) grading 0.23 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH26Luna Roja · silverGrade: 44.05Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- LR_DDH26
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 44.05
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 20 m
- To
- 28 m
- Intercept Depth
- 20 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH26:20-28
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Silver byproduct.
Evidence · text
“44.05 g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH27Luna Roja · goldGrade: 0.39Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- LR_DDH27
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 0.39
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 43 m
- To
- 49 m
- Intercept Depth
- 43 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH27:43-49
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Low grade intercept.
Evidence · text
“6.0 metres (from 43.0 to 49.0 metres) grading 0.39 g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
LR_DDH27Luna Roja · silverGrade: 16.4Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- LR_DDH27
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 16.4
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 43 m
- To
- 49 m
- Intercept Depth
- 43 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH27:43-49
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Silver byproduct.
Evidence · text
“16.40 g/t silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.