Business
Canterra Minerals Drills 105 metres of 1.53% Copper Equivalent Including 14 metres of 5.39% Copper Equivalent at the Buchans Project
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Canterra Minerals Corporation...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Drills 105 metres of 1.53% Copper Equivalent Including 14 metres of 5.39% Copper Equivalent at the Buchans ProjectVancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") is pleased to announce additional assays from the maiden drill program at its 100% owned Buchans Project in the Central Newfoundland Mining District (Figure 1), Newfoundland and Labrador, Canada. Canterra's Buchans Project hosts the world-renowned, past producing Buchans Mine as well as the undeveloped Lundberg open pit resource. Lundberg is one of seven undeveloped critical mineral deposits held by Canterra within the Central Newfoundland Mining District, Newfoundland and Labrador's most prolific past producing volcanogenic massive sulphide (\"VMS\") mining district. Canterra's deposits represent Newfoundland's second-largest undeveloped critical minerals inventory. Drill Highlights - Buchans Project(1&2):1.53% copper equivalent (\"CuEq\") over 105.00 m (0.46% Cu, 2.05% Zn, 1.00% Pb, 5.61 g/t Ag & 0.10 g/t Au) from 68 m below surface (hole H-24-3533)including 5.39% CuEq over 14.00 m (1.11% Cu, 8.85% Zn, 4.98% Pb, 8.37 g/t Ag & 0.12 g/t Au)2.00% CuEq over 78.00 m (0.61% Cu, 2.93% Zn, 1.35% Pb, 4.74 g/t Ag & 0.06 g/t Au) from surface (H-24-3532)including 2.96% CuEq over 22.00 m (0.95% Cu, 4.31% Zn, 1.81% Pb, 7.01 g/t Ag & 0.09 g/t Au)Previously announced 2024 Buchans drilling results (November 13, 2024 news release) also include:2.58% CuEq over 60.25 m (0.74% Cu, 3.92% Zn, 1.16% Pb, 11.5 g/t Ag & 0.16 g/t Au) from surface (H-24-3531), including 3.71% CuEq over 26.00 m (0.95% Cu, 6.13% Zn, 1.63% Pb, 13.9 g/t Ag & 0.20 g/t Au)0.97% CuEq over 121.45 m (0.41% Cu, 1.08% Zn, 0.54% Pb, 4.41 g/t Ag & 0.04 g/t Au) (H-24-3527)These results expand the known mineralization at depth and laterally and will be included in updates to the resource estimate at the Lundberg deposit, the largest and most advanced copper-zinc-lead deposit within the Central Newfoundland Mining District.Chris Pennimpede, President and CEO of Canterra, commented: \"We are thrilled with these results that further confirm the Lundberg Deposit as a foundational asset for long-term development of the district. These results also highlight the copper content...