Magna Terra Mineral has announced the acquisition of the Humber Copper-Cobalt Project, located in western Newfoundland, via staking. The Humber Project focuses on critical minerals and metals, comprising 1,325 claims across 10 mineral licenses, covering an area of 33,125 hectares.
The project area is characterized by rocks from the sedimentary Humber Arm Allochthon, which contain anomalous concentrations of copper (Cu), cobalt (Co), lead (Pb), silver (Ag), molybdenum (Mo), gold (Au), arsenic (As), and antimony (Sb) in lake sediments. This metal signature, along with the geological environment, suggests the presence of Sediment-hosted Stratiform Copper (SSC) deposits. Globally, SSC deposits account for 60% of cobalt production and 20% of copper production, with notable examples including the Central African Copper Belt.
Humber Project Highlights: 
