Flagship Projects

Prospect Or’s Dream

Location

Central New Brunswick

Size

18,798 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 18,798 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 1.97 g/t gold;
  • District scale property comprising 18,798 hectares;
  • 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 area has been subject to episodic intrusive and deformation and faulting from the Late Ordovician to the Devonian. The less explored Sheephouse Brook and Miramichi groups are intruded by Late Ordovician Clearwater Lake and Stony Brook felsic porphyritic intrusives. 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.

Several NW-SE striking splay faults off the main MLFZ including the Kagoot Brook, Hubbards Pond, Clearwater Stream, Sheephouse Brook, Mahals Brook, Mountain Brook, and the Pringle Brook faults.

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.

Summer 2026 Prospecting Program

Initial prospecting work in June and July 2026 was focussed on examining and sampling existing gold showings at Pringle Brook, Blitzen and the location of the 2025 discovery area, as well as a 7.2 km long trend around the adjacent Skull, Moose Lake, and Stewart prospects (the “Donner Trend”).

The work resulted in the collection of 310 rock grab float and outcrop samples across the property with 242 of the 310 samples collected being quartz veins. Assay results have been received for 264 of these samples and early results with gold (Au) assays ranging from 0.005 g/t gold up to 1.97 g/t gold with 15 samples of 264 samples assaying over 0.1 g/t gold; and silver (Ag) assays ranging from 0.5 to 34.7 g/t silver, with 23 of 264 samples assaying over 1.0 g/t silver. Higher grade gold and silver samples were collected halfway between the Skull and Moose Lake (Sb-Au occurrences).

The mineralized quartz veins sampled have varying amounts of arsenic (As – <5 ppm to 10,000 ppm), antimony (Sb – <5 ppm to 2,440 ppm), copper (Cu – 2 ppm to 169 ppm), lead (Pb – 2 ppm to 2,890 ppm), and zinc (Zn – 2 ppm to 930 ppm), which help provide initial vectors towards more favourable epithermal environments. Select samples have been analysed for tellurium (Te) with values ranging from 0.005 ppm to 2.37 ppm and mercury (Hg) with values ranging from 0.005 ppm to 0.774 ppm, which can also provide an indication, along with host rock alteration and vein textures, of the level of the epithermal system.

* 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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