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Canterra Commences Deep-Seeking Geophysics Survey - Buchans Critical Minerals Project
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Canterra Minerals Corporatio...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Commences Deep-Seeking Geophysics Survey - Buchans Critical Minerals ProjectVancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (\"Canterra\" or the \"Company\") is pleased to announce the commencement of a ground-based deep-seeking 3D array IP survey of high-priority drilling and exploration targets on its Buchans Critical Minerals Project in the Central Newfoundland Mining District (Figure 1).Highlights:The survey follows geophysical rock property measurements collected in 2024 from both archived past drill holes and drill cores from CTM's 2024 drill program that demonstrate strong correlation of mineralization with chargeability, a geophysical property best determined by Induced Polarization (\"IP\") geophysical surveys. The primary objective of the program is to map larger zones of stockwork mineralization similar to the Lundberg deposit, and vector towards new, buried high-grade Buchans style massive sulphide deposits that may be associated with large stockwork zones. Canterra is employing state-of-the-art DASAVISION©3DIP 3D Array Induced Polarization geophysical surveys (\"3DIP\") contracted from Abitibi Geophysics (\"Abitibi\"). Surveys will include multiple target areas covering prospective \"Buchans\" horizon rocks that remain under-explored along strike and down dip/plunge of known sulphide prospects. These include the undeveloped Clementine and Sandfill breccia-sulphide deposits, the Pumphouse massive sulphide prospect, and the early-stage Nu target highlighted by VRIFY AI's predictive modeling in 2024. The 3DIP surveys may also identify new targets within Canterra's recently expanded Buchans project that covers all past mined orebodies and key undeveloped prospects associated with the former Buchans Mine. Canterra plans to identify targets to depths of 800 m and anticipates undertaking 10,000 meters of diamond drilling in 2025 to test existing and new targets to be generated from the 3DIP surveys, with drilling scheduled to commence in Q2.Chris Pennimpede, President and CEO of Canterra commented: \"This survey marks a significant milestone for the Buchans project, with the potential to finally uncover another high-grade Buchans style deposit within the broader property area. We are excited to be embarking on a state-of-...