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Canterra Minerals Announces Staking of Highly Prospective Critical Metals Mineral Claims and Identifies New Zinc-Copper Massive Sulphide Targets in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2023) - Canterra Minerals Corporation (T...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Announces Staking of Highly Prospective Critical Metals Mineral Claims and Identifies New Zinc-Copper Massive Sulphide Targets in NewfoundlandVancouver, British Columbia--(Newsfile Corp. - June 13, 2023) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") has expanded the land position of its 100% owned Long Lake critical minerals massive-sulphide project (the \"Long Lake Project\"), located in central Newfoundland through staking. The staking involved the addition of 15 claims over 374 hectares. Key Points:The new claims cover the strike extensions of the Long Lake massive-sulphide mineralization and encompasses drilling by past operatorsResults from the 2022 IP survey have revealed several high priority drill targets located outside of the current mineral resourceMineralization open for extension and expansion to the southwest and northeast along strikePrevious drill highlights include:7.5m of 14.07% zinc equivalent (\"ZnEq\") (1.4% Cu, 2.9% Pb, 6.7% Zn, 67.6g/t Ag, 0.56g/t Au); and,7.3m of 24.16% ZnEq (1.0% Cu, 2.8% Pb, 16.9% Zn, 85.3 g/t Ag, 0.68g/t Au)(1)\"Although Long Lake has an established mineral resource, Long Lake is very much an exploration opportunity in the heart of past critical minerals production camp in central Newfoundland. Recent IP results indicate there are significant chargeability anomalies that exist outside of the known resource that coincide with other gravity anomalies and favourable geology, which makes for compelling drill targets. In staking these new claims, we now own the most prospective exploration targets on this highly prospective critical minerals project,\" stated Chris Pennimpede, President & CEO of Canterra. \"We look forward to the start of exploration on our resource-stage critical minerals projects In Newfoundland.\" Long Lake ProjectThe Long Lake Project is located 50 kilometres (\"km\") southwest of the Duck Pond mine (90 km by road) and covers 40km2, located immediately to the north of Marathon Gold's Victory Deposit. The Long Lake Project is underlain by the volcanic Tulks Hill Group (Victoria Lake Supergroup) and contains the Long Lake \"Main Zone\" VMS deposit, which is hosted on the limb of an isoclinal syncline. The results of a 2012 Mineral Resource Estimate (\"MRE\") for the Main Zone are shown below (Table 1). M...