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
- 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
- 2026-09-18 11:00:01 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Magna Terra Minerals has announced that partner Lunex Metals has commenced a 3,000-metre drill program at the Luna Roja gold-silver project in Argentina. Recent surface sampling yielded high-grade intercepts of up to 13.26 g/t gold and 1,155 g/t silver, with mercury identified as a pathfinder element.
Reasoning: The announcement marks the transition from surface exploration to an active drill program at the Luna Roja project, supported by high-grade surface intercepts and improved geophysical targeting.
Positive factors
- Commencement of a 3,000m drill program
- High-grade surface sampling (up to 13.26 g/t Au and 1,155 g/t Ag)
- Identification of priority targets via magnetics and geochemistry
- Proximity to existing infrastructure (Don Nicolas mine)
Negative factors
- Elevated mercury levels noted in high-grade samples
Facts used in scoring: 8
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The drill program is designed to test selected sectors along the 2.8 km-long Vía Láctea mineralized corridor.
Evidence · text
“The current drill program is designed to test selected sectors along the 2.8 km-long Vía Láctea mineralized corridor”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes details on QA/QC protocols, including blanks, standards, and duplicates.
Evidence · text
“Channel and rock-chip samples included 10% QA/QC controls through the insertion of blank samples”
Deleterious Elements Presentnegative
A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
Why it applies: Elevated mercury (Hg) was noted in high-grade samples.
Evidence · text
“two of the highest-grade samples (samples 1004 and 1005) assayed for elevated mercury (Hg)”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: Project is located 75 km from the Don Nicholas mine infrastructure.
Evidence · text
“lying just 75 km northwest of Cerrado Gold's Minera Don Nicholas Mine infrastructure”
Extracted facts
Stored fact records: 8. Some facts used in scoring do not have a stored record.
Drill Results (8)
LR_DDH002Luna Roja · goldGrade: 0.62Grade Unit: g/tIntercept: 75 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR_DDH002
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 0.62
- Grade Unit
- g/t
- Intercept
- 75 m
- From
- 37 m
- To
- 112 m
- Intercept Depth
- 37 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH002:37-112
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 intercept from 2019 maiden program.
Evidence · text
“LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0 m to 112.0 m)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
LR_DDH002Luna Roja · silverGrade: 5.6Grade Unit: g/tIntercept: 75 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR_DDH002
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 5.6
- Grade Unit
- g/t
- Intercept
- 75 m
- From
- 37 m
- To
- 112 m
- Intercept Depth
- 37 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH002:37-112
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 intercept from 2019 maiden program.
Evidence · text
“LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
LR_DDH002Luna Roja · goldGrade: 1.01Grade Unit: g/tIntercept: 42 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR_DDH002
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 1.01
- Grade Unit
- g/t
- Intercept
- 42 m
- From
- 68 m
- To
- 110 m
- Intercept Depth
- 68 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH002:68-110
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 intercept from 2019 maiden program.
Positive factors
- Increased grade with depth noted
Evidence · text
“included 42.0 m of 1.01 g/t gold and 4.6 g/t silver (from 68.0 m to 110.0 m)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
LR_DDH002Luna Roja · silverGrade: 4.6Grade Unit: g/tIntercept: 42 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR_DDH002
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 4.6
- Grade Unit
- g/t
- Intercept
- 42 m
- From
- 68 m
- To
- 110 m
- Intercept Depth
- 68 m
Classification
- Sample Type
- drill
- Group ID
- LR_DDH002:68-110
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 intercept from 2019 maiden program.
Evidence · text
“included 42.0 m of 1.01 g/t gold and 4.6 g/t silver”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
LR-DDH001Luna Roja · goldGrade: 0.26Grade Unit: g/tIntercept: 51.4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR-DDH001
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 0.26
- Grade Unit
- g/t
- Intercept
- 51.4 m
- From
- 44.6 m
- To
- 96 m
- Intercept Depth
- 44.6 m
Classification
- Sample Type
- drill
- Group ID
- LR-DDH001:44.6-96
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 intercept from 2019 maiden program.
Evidence · text
“51.4 m of 0.26 g/t gold and 9.37 g/t silver (from 44.6 m to 96.0 m)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
LR-DDH001Luna Roja · silverGrade: 9.37Grade Unit: g/tIntercept: 51.4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR-DDH001
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 9.37
- Grade Unit
- g/t
- Intercept
- 51.4 m
- From
- 44.6 m
- To
- 96 m
- Intercept Depth
- 44.6 m
Classification
- Sample Type
- drill
- Group ID
- LR-DDH001:44.6-96
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 intercept from 2019 maiden program.
Evidence · text
“51.4 m of 0.26 g/t gold and 9.37 g/t silver”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
LR-DDH001Luna Roja · goldGrade: 1.08Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR-DDH001
- Project
- Luna Roja
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 1.08
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 62 m
- To
- 64 m
- Intercept Depth
- 62 m
Classification
- Sample Type
- drill
- Group ID
- LR-DDH001:62-64
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 high-grade sub-interval.
Evidence · text
“including 2.0 m of 1.08 g/t gold and 79.60 g/t silver”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
LR-DDH001Luna Roja · silverGrade: 79.6Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- LR-DDH001
- Project
- Luna Roja
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- MTT
Geometry
- Grade
- 79.6
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 62 m
- To
- 64 m
- Intercept Depth
- 62 m
Classification
- Sample Type
- drill
- Group ID
- LR-DDH001:62-64
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, 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 high-grade sub-interval.
Evidence · text
“including 2.0 m of 1.08 g/t gold and 79.60 g/t silver”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "2019 discovery hole drilled by Magna Terra - LR DDH002 intersected 75.0 m of 0.62 g/t gold and 5.6 g/t silver (from 37.0"
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.