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Canter Resources Samples 430 ppm Lithium, Acquires Historical Third-Party Data and Completes Data Integration at Columbus
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is p
About this update from Canter Resources Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 18, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) (\"Canter\" or the \"Company\") is pleased to report that the Company has acquired additional third-party data including historical soil sampling results and geophysical survey data that highlights significant lithium in soils along the eastern edge of the 5 by 2.5 km priority target area at the Columbus Lithium-Boron Project (\"Columbus\" or the \"Project\"). The acquisition of substantial third-party historical geochemical sampling data, alongside Canter's own database and sampling efforts, provides a comprehensive dataset within the 23,000-acre project area. This combined dataset includes 473 surface samples and reveals a maximum surface sediment lithium (\"Li\") value of 540 ppm Li. Analysis of the newly acquired third-party data shows an average concentration of 144 ppm Li across 54 surface sediment samples and multiple locations exceeding 200 ppm Li, with the highest value from the historical dataset reported at 348ppm Li. Additionally, previous surface brine samples reveal lithium concentrations reaching 240 mg/L. This extensive combined dataset highlights the basin's potential for near-surface lithium enrichment (see Table 1 and Figure 1). The Company recently engaged renowned geophysicist, Jim Wright of Wright Geophysics, who completed reinterpretation of available geophysical data. The Company has also obtained airborne magnetic and radiometric data from the recently completed collaboration between the U.S. Geological Survey (USGS) and the Department of Energy (DOE) designed in part to support geologic and geophysical mapping and modeling of Nevada's lithium clay and brine resources (see Figure 2). \"We have taken methodical low-cost steps to support our Phase I drilling at shallow and moderate depths while delineating additional targets throughout the 23,000-acre property package for subsequent campaigns,\" stated Joness Lang, CEO of Canter Resources. \"We are actively updating our 3D model to integrate our expanded dataset and reprocessed geophysics. Initial observations continue to validate our Phase I program and highlight a significant brine target at Columbus.\" Figure 1: Plan view showing historical/third-party geochemical results along the eastern flank of the Columbus Project and Can...