# Magna Terra Partner Lunex Metals Advances Exploration and Launches Drill Program at the Luna Roja Project in Santa Cruz, Argentina Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172 Original source: https://money.tmx.com/en/quote/MTT/news/4740629426488292/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program Publisher: tmx Original announcement: 2026-02-12T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Commencement of a 3,000m drill program - Positive factor: High-grade surface sampling \(up to 13.26 g/t Au and 1,155 g/t Ag\) - Positive factor: Identification of priority targets via magnetics and geochemistry - Positive factor: Proximity to existing infrastructure \(Don Nicolas mine\) - Negative factor: Elevated mercury levels noted in high-grade samples Facts used in scoring: 8 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Present** Polarity: negative Definition: 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 Play** Polarity: neutral Definition: 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\_DDH002 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-0) Luna Roja · gold Historical result Needs review: historical\_restatement #### 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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\_DDH002 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-1) Luna Roja · silver Historical result Needs review: historical\_restatement #### 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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\_DDH002 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-2) Luna Roja · gold Historical result Needs review: historical\_restatement #### 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 factor: 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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\_DDH002 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-3) Luna Roja · silver Historical result Needs review: historical\_restatement #### 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-DDH001 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-4) Luna Roja · gold Historical result Needs review: historical\_restatement #### 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-DDH001 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-5) Luna Roja · silver Historical result Needs review: historical\_restatement #### 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-DDH001 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-6) Luna Roja · gold Historical result Needs review: historical\_restatement #### 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-DDH001 [Link to this fact](https://atlas-extractions.minestarters.com/news/magna-terra-partner-lunex-metals-advances-exploration-and-launches-drill-program--f95951cf-c663-4815-bedb-228574944172#fact-drill-facts-7) Luna Roja · silver Historical result Needs review: historical\_restatement #### 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 Disclosed** Polarity: positive Definition: 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 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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.