Business
Canterra Minerals Announces Commencement of Drilling on the Wilding Gold Project, Newfoundland
VANCOUVER, British Columbia, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (T...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Announces Commencement of Drilling on the Wilding Gold Project, Newfoundland\n\n\n\n VANCOUVER, British Columbia, Nov. 03, 2025 (GLOBE NEWSWIRE) --\n \n Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB)\n \n (“Canterra” or the “Company”) is pleased to announce that drilling of new high-grade gold targets on the Company’s Wilding Gold Project has commenced.\n \n\n New geological understanding developed from both the Company’s summer 2025 program (see\n \n\n September 8 news release\n \n\n ) and public data releases from the directly adjacent Valentine Mine opened by Equinox Gold in 2025 has resulted in new, high confidence drill targets. These targets demonstrate strong potential for high-grade Gold hosted in quartz vein systems along the 55 km gold-bearing corridor that also hosts the deposits at the Valentine Mine.\n \n\n\n Highlights\n \n :\n \n\n\n 1,200 m of large diameter (HQ) core drilling is planned across 15 drill holes.\n \n\n\n\n Drilling will test for stacked extensional quartz-gold-tourmaline-pyrite vein packages along the known shear zones, testing geometries not previously drilled.\n \n\n\n\n The targets have been defined by summer 2025 fieldwork and prospecting results (see\n \n\n September 8 news release\n \n\n ) as well as from newly re-interpreted IP geophysics and historical work.\n \n\n\n\n Extensional vein targets confirmed to host the bulk of the highest grade mineralization are interpreted to lie parallel to previously drilled holes, representing a new orientation model.\n \n\n\n\n New optical televiewer work and drone orthophotos combined with new survey-grade vein mapping has significantly improved target confidence.\n \n\n\n\n Chris Pennimpede, President and CEO of Canterra commented: “\n \n Over the past four years, Canterra has been systematically consolidating resources and expanding its land position within the central Newfoundland Mining District. New detailed geological understanding building on our 2021 work and historical gold exploration data at Wilding has positioned the Project for future work. Development and stripping of pits at Valentine Mine has provided new geological insights to support target development and advancement of known and new zones at Wilding which are hosted along the same structural corri...