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Canterra Minerals Completes Winter Drilling and Commences Geophysical Survey at Critical Minerals and Gold Projects in Central Newfoundland
VANCOUVER, British Columbia, May 12, 2026 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (“Canterra” or the
About this update from Canterra Minerals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, May 12, 2026 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (“Canterra” or the “Company”) continues to advance its critical and precious metals projects in Central Newfoundland. Winter diamond drilling of 8 holes totalling 2,386 metres was completed at its Buchans project, with assay results anticipated in Q2 2026. The Company also initiated a high-resolution airborne magnetic survey over its Wilding Gold Project, which covers a 55 km extension of the same mineralized structural corridor hosting Equinox Gold's Valentine Mine, the largest gold mine in Atlantic Canada. Highlights: Critical Minerals Projects: Buchans winter drilling completed: 2,386m over 8 diamond drill holes targeting resource extension, infill, and exploration, assay results are anticipated later in Q2 2026 Critical Mineral Asset Consolidation: systematic integration of historical drilling and geophysics across six critical mineral deposits and prospects to define H2 2026 diamond drill targets Wilding Gold Project: Basal Till Drill Program Complete: 181 percussion holes along the 55 km Valentine structural trend; assays expected in Q2-Q3 2026 High-Resolution Geophysics: Initiated property-wide airborne magnetic survey on 25m line spacing to guide targets for diamond drilling during second half of 2026 “It was a highly productive winter season across our projects in the central Newfoundland Mining District. With winter drilling now complete at Buchans, we expect to soon demonstrate meaningful extensions to known mineralization and further validate the district-scale potential of this historic project. At the same time, our systematic data integration across our broader critical mineral portfolio is sharpening our targeting and ensuring capital is directed toward the highest-priority targets\" stated Chris Pennimpede, President & CEO. \"Meanwhile, our basal till drill program and high-resolution magnetics survey at Wilding are designed to unlock the next level of gold discovery potential along the prolific Valentine Lake gold corridor.” Canterra Minerals has completed Phase 1 winter diamond drilling at its Buchans Critical Minerals Project (8 holes, 2,386 metres), with assay results expected in Q2 2026. Simultaneously, the Company has initiated a high-resolution airborne magnetic infill su...