Newfoundland’s junior Gold Hunter Resources Inc. (CSE: HUNT) is enhancing its provincial roster by gradually taking a 100 per cent stake in two new precious metal assets.
Gold Hunter will be required to pay Magna Terra Minerals Inc. (TSX-V: MTT) C$9.5 million by 2026 for full ownership of the Great Northern and Viking projects. The Atlantic Canada prospectors signed a binding option agreement on Wednesday.
“Great Northern is certainly an enticing project with significant gold endowment, 30+ kilometres of strike potential and numerous first-priority targets for additional discovery within its expansive 16,650-hectare land package,” Magna Terra President Lew Lawrick said.
Combined with Viking, the sites collectively hold an estimated 51,000 ounces of indicated gold.
“The additional mineral claims further solidify our position in this key area and commitment to Newfoundland and Labrador,” Gold Hunter chief executive Sean…
