Business
Canterra Minerals Drills 4.07% CuEq over 4.20 m 800 m Northeast of the Buchans Lundberg Deposit and Begins Phase 2 Drill Program
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Canterra Minerals Corporation (TS...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Drills 4.07% CuEq over 4.20 m 800 m Northeast of the Buchans Lundberg Deposit and Begins Phase 2 Drill ProgramVancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (\"Canterra\" or the \"Company\") is pleased to report three additional drill holes which returned high-grade drill results from its flagship Buchans Project in Newfoundland's Central Mining District, where the Company is advancing a fully funded, 10,000-metre drill program. The latest holes at the Pumphouse target intersected high-grade copper and base metal mineralization 800 metres northeast of Canterra's Buchans Lundberg Deposit and the past producing Buchans Mine, further demonstrating the area's potential to host multiple high-grade mineralized zones.For a video summarizing this news release click here. Following this success, Phase II drilling has commenced. This next phase will test high-priority geophysical anomalies identified by a recent 3D IP survey, targeting potential new zones of high-grade sulphide mineralization across the broader project area. The project includes the world-renowned past producing Buchans mine and is situated just 50 kilometres north of Equinox Gold's Valentine Gold Mine and 34 km northwest of Teck's past producing Duck Pond Mine. Drill Highlights at the Pumphouse Target 4.07% CuEq over 4.20 m, including 12.04% CuEq over 1.20 m (drillhole H-25-3536, from 297 m depth)6.66% CuEq over 2.35 m, Including 11.48% CuEq over 1.05 m (H-25-3534, from 294 m depth) 6.35% CuEq over 0.26 m, (H-25-3535, from 333m depth) These intercepts confirm high-grade Buchans-style massive sulphide mineralization, with significant copper, zinc, lead, silver, and gold values. Importantly, all three holes hit mineralization, supporting Pumphouse as a near-term target for resource expansion and its potential to quickly add high-grade mineralization to the resource base.Chris Pennimpede, President and CEO of Canterra commented: \"Our first priority after acquiring the historic Buchans mine and property was to drill for high-grade classic Buchans-style massive sulphides and that's exactly what we've hit. These results at Pumphouse set the tone for more high-grade discoveries in Phase II, where we'll test the new targets generated from our deep-looking geophysics. With a la...