# Magna Terra Receives First Anniversary Option Payment from Lunex Metals on the Luna Roja Project, Argentina Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f Original source: https://www.newsfilecorp.com/release/319886/Magna-Terra-Receives-First-Anniversary-Option-Payment-from-Lunex-Metals-on-the-Luna-Roja-Project-Argentina Publisher: newsfile Original announcement: 2026-10-20T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T12:21:16.009Z Atlas analysis updated: 2026-10-20T12:21:16.009Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Receipt of anniversary option payment - Positive factor: Successful drill results at Cruz del Sur and Estrella del Norte - Positive factor: Expansion of mineralized targets - Negative factor: True widths not yet estimated Facts used in scoring: 14 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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\_DDH14 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-0) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH14 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-1) Luna Roja · silver #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH14 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-2) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH14 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-3) Luna Roja · silver #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH15 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-4) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH15 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-5) Luna Roja · silver #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH15 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-6) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH15 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-7) Luna Roja · silver #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH17 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-8) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH17 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-9) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH26 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-10) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH26 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-11) Luna Roja · silver #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH27 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-12) Luna Roja · gold #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### LR\_DDH27 [Link to this fact](https://atlas-staging.minestarters.com/news/magna-terra-receives-first-anniversary-option-payment-from-lunex-metals-on-the-l--3c1ef89b-600f-4be1-8499-0ae9fc082e0f#fact-drill-facts-13) Luna Roja · silver #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: 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.