Flagship Projects

Prospect Or’s Dream

Location

Central New Brunswick

Size

15,923 ha

Stage

Grassroots

Deposit Type(s)

Orogenic and Epithermal Au, VMS

The Prospect Or’s Dream Project is an early-stage epithermal gold project which comprises 29 mineral claims totaling 15,923 hectares that are situated along and adjacent to a 30-kilometre section of the Moose Lake Fault, located in north-central New Brunswick.

  • New gold discovery in 2025 by prospectors Tim Lavoie and Pierre-Luc Guitard;
  • Identified a boulder field and outcrop of low-sulphidation epithermal gold-bearing quartz veins hosted within rhyolite, andesite and granites over a minimum 7.2-kilometre strike length;
  • Assays from preliminary prospecting with values up to 735 ppb gold;
  • District scale property comprising 15,922 hectares in 29 mineral claims (723 units);
  • Located along a 30-kilometre extent of the prospective Moose Lake Fault; and
  • Other prospects within the area include Blitzen, Skull, Moose Lake, Stewart, and Pringle Brook.

The Project is centred along a 30 kilometre section of the Moose Lake-Tomogonops-Tozer Fault system (“Moose Lake Fault Zone” or “MLFZ”), a regional-scale fault zone that separates middle to late Ordovician volcanic and sedimentary rocks of the Sheephouse Brook Group and Cambrian to Lower Ordovician Miramichi Group to the south of the MLFZ from Middle to late Ordovician Tetagouche and California Lake groups to the north of the MLFZ. Regionally, the Tetagouche and California Lake groups are host to volcanogenic massive sulphide deposits of the Bathurst camp.

The less explored Sheephouse Brook and Miramichi groups are preferentially intruded by Late Ordovician Clearwater Lake and Stony Brook felsic porphyritic intrusives amongst others.

All rocks on both sides of the fault are intruded by Late Silurian to Early Devonian North Pole and South Branch Northwest Miramichi granites, particularly on the western side of the property, indicating that the area has been subject to episodic intrusive and deformation and faulting from the Late Ordovician to the Devonian.

There are several NW-SE striking faults that form splays off the main MLFZ including the Kagoot Brook Fault, Hubbards Pond Fault, Clearwater Stream Fault, Sheephouse Brook Fault, Mahals Brook Fault, Mountain Brook Fault, and the Pringle Broom Fault.

Prospecting in the summer of 2025 by prospectors Tim Lavoie and Pierre-Luc Guitard resulted in the discovery of a field of numerous angular and sub-angular boulders and nearby outcrop of epithermal textured quartz veins. Prospecting resulted in the collection of 132 rock float and outcrop samples* with gold assays ranging from 1 ppb gold up to 735 ppb gold with 28 samples assaying over 100 ppb gold.  Many of the quartz veins sampled show evidence of forming in a low-sulphidation epithermal environment including the presence of chalcedonic silica banding and bladed quartz texture.

Sampling at the Pringle Brook occurrence returned 3 samples of epithermal quartz veins that assayed 420, 430, and 570 ppb gold.

While the gold assays to date from rock float and grab samples do not exhibit high gold grades (e.g. > 5.0 g/t gold), these results are indicative of a gold bearing near-surface epithermal gold system hosted within Sheephouse Brook volcanic rocks and the South Branch Northwest Miramichi granite that extends over an approximate 7.2 kilometres strike extent along and adjacent to the Moose Lake Fault in the central part of the property.

* Grab samples are selective by nature and may not represent the true metal content of the mineralized zone.

The Company has acquired the Prospect Or’s Dream property (covering 29 mineral claims) from the Optionor under an option agreement dated January 21, 2026.

The Company can earn a 100% interest in the Project by paying $10,000 in cash and issuing 141,000 common shares upon signing; with $120,000 in cash and $260,000 in cash and/or common shares payable over a four-year period ending January 21, 2030. The Optionor retains a two percent (2%) net smelter royalty (the “NSR”) on the sales of metals and minerals mined from the property with 1% of the NSR purchasable by the Company for $1,000,000. Magna Terra has a Right of First Refusal on the remaining 1% NSR.

All share issuances will be based on the greater of $0.05 per share or the 10-day volume weighted average price on the date a payment is due, and the Company elects to make such payment in common shares. As such, the maximum number of common shares issuable by the Company with respect to the potential share consideration payable for the option agreement is 5,341,000 common shares.

The common shares which may be issued under the agreement will be subject to a regulatory four month and one day hold period from their date of issuance and are subject to approval by the TSX Venture Exchange.

The technical content of this website has been reviewed and approved by David A. Copeland, P.Geo., Vice President, Exploration with Magna Terra Minerals Inc., a non-independent “Qualified Person”, under National Instrument 43-101 – Standards for Disclosure for Mineral Projects.

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