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Canter Resources Summarizes Previous Exploration Work and Outlines Primary Target at the Columbus Lithium-Boron Project
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") i
About this update from Canter Resources Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) (\"Canter\" or the \"Company\") is pleased to provide a summary of relevant exploration work and results previously completed at the Columbus Lithium-Boron Project (\"Columbus\", \"Columbus Basin\" or the \"Project\"), as well as current interpretations and targeting concepts that will underpin a Phase I drilling campaign that is expected to commence in early 2024. Canter's wholly-owned subsidiary, Altitude Ventures Corp (\"Altitude\"), holds the sole option to acquire a 100% interest of the 23,000-acre Columbus Project located in the Columbus Salt Marsh Basin, Esmerelda County, Nevada, USA (see press release dated November 13, 2023 for more information). This basin or playa lakebed was the site of historic borate production in the late-1800s. Importantly, the Columbus Basin is unique in that it is structurally and hydrologically enclosed by the surrounding volcanic source rocks, indicating that any lithium, boron and potassium mineralization that has leached into the Columbus Basin over the past 23 million years has had nowhere to escape (see Geologic and Structural Setting section below). The Columbus Project was staked by the same renowned local lithium prospectors who originally staked Ioneer's Rhyolite Ridge, American Battery Technology Company's Tonopah Flats and American Lithium's TLC properties (see Figure 1). In 2021-2022, a private company (Luna Lithium) completed HSAMT and 2D seismic surveys and proceeded to drill a single drillhole north of what the Company believes is the primary target area at Columbus. The core drillhole (LUN-22-001) was drilled vertically with a dip of (-90) to a depth of 2,182 feet (ft) (665 metres (\"m\")). ALS labs in Sparks, Nevada completed the most thorough analysis taking samples at five (5) ft intervals throughout the drillhole. ALS analysis showed an average of 471.2 ppm lithium (\"Li\"), 2,508.2 ppm boron and 1.07% potassium from top-to-bottom, including significant intervals within: 772.9 ppm Li over 160 ft (49 m) from 500 ft depth (152.4 m); 877.14 ppm Li over 67 ft (20.4 m) from 708 ft depth (215.8 m); and 1,237.5 ppm Li over 20 ft (6.1 m) from 810 ft depth (246.8 m). Reported samples ranged from a low of 90 ppm Li to a high of 1,600 pm Li. All reported ...