Business
Canterra Minerals Expands Land Position by 30.25 Square Kilometres at Noel-Paul Gold Project in Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2022) - Canterra Minerals Corporation (...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Expands Land Position by 30.25 Square Kilometres at Noel-Paul Gold Project in Central NewfoundlandVancouver, British Columbia--(Newsfile Corp. - May 3, 2022) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") is pleased to announce that it has increased its land holdings at the Noel-Paul Gold Project (\"Noel-Paul\") in central Newfoundland, along the Rogerson Lake Structural Corridor and Valentine Lake Shear Zone from 178.5 square kilometres to 208.75 square kilometres through staking. Noel-Paul is an exploration stage project located northeast of the current drill program at the Wilding Gold Project (\"Wilding\") (see news releases dated February 8 and April 19, 2022). Canterra has staked three new licenses totaling 121 mineral claims, all of which are contiguous with the existing Noel-Paul licenses. Noel-Paul Exploration Through 2021, Canterra conducted data acquisition, regional geology and geophysical interpretations, integrating all available data to refine targets for ground work by Company geologists this summer. Reconnaissance scale soil sampling has now been completed across the entire property, excluding the newly acquired licenses announced today. The previously announced high-resolution airborne magnetic survey (see news release dated February 8, 2022) planned for May will complete airborne coverage of the licenses. The Company plans on completing an IP survey, trenching and additional infill soil sampling at Noel-Paul during summer 2022, with a goal to have fully developed drill targets for a fall program. Initial exploration on the newly acquired licenses will involve the expansion of the soil geochemistry coverage and prospecting surveys. Figure 1. Additional licenses staked by Canterra in 2022 cover prospective areas with favorable geology and are contiguous with the existing Noel-Paul licenses. To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/8054/122553_20072e936496cba6_001full.jpg About Noel-Paul Noel-Paul covers approximately 40 kilometres (\"km\") of strike along the Rogerson Lake Structural Corridor to the northeast of Wilding. The area is underlain by the same geological units that underlie Wilding and Marathon Gold's Valentine Lake gold project. Previous operators carried out limited reconnaissance soil ...