Magna Terra controls 103,000 hectares of exploration rights in the mining friendly Santa Cruz Province of Argentina. The concessions lie entirely within the highly prospective Deseado Massif which constitutes a world class “Large Igneous Province” (LIP) with outstanding epithermal precious metal mineralization associated with Jurassic volcanism and crustal extension. The Massif is located in the northern part of Santa Cruz province and is in an early-stage of exploration and development.
Mining infrastructure is developing rapidly and most of our projects occur in close proximity to producing gold and silver mines such as Cerro Vanguardia (Anglo Ashanti), Cerro Negro (Goldcorp), San Jose (McEwen), Mina Martha (Hunt), Manantial Espejo (Pan American Silver), Cerro Moro (Yamana) and the newly developed Don Nicolas (Minera IRL).
We categorize our land packages as two main types:
Projects: where we can offer a joint venture with defined drill targets, which include Luna Roja, Signos, Piedra Negra, Covadonga, Gertrudis, El Meridiano and La Rosita.
Prospects: where generative exploration is planned or underway, which include Katrina and Boleadora