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Canterra Minerals Extends Lundberg Deposit with 86m of 0.91% CuEq at Buchans Project, Newfoundland
VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TS...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Extends Lundberg Deposit with 86m of 0.91% CuEq at Buchans Project, Newfoundland\nVANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TSXV:CTM) (OTCQB: CTMCF) (FSE:DXZB) (“Canterra” or the “Company”) is pleased to announce drill results from the 2025 program at its Buchans Project in the Central Newfoundland Mining District, extending mineralization at the Lundberg Deposit and validating new, deep-seeking 3DIP targets across the district. The 2025 results confirm depth continuity of the Lundberg system and support potential resource expansion within one of the world’s highest-grade historic Volcanogenic Massive Sulphide (VMS) camps. With a fully funded winter 2026 drill program now underway, the Company is advancing step-out and discovery drilling designed to generate successive catalysts throughout the year. 2025 Drill Program Highlights: Lundberg Deposit Extended at Depth: An extension of hole H-25-3542 returned 86.0 metres grading 0.91% CuEq, extending the known Lundberg resource mineralization 75-100 metres below the previously defined resource limit (Figures 1 & 2).High-Grade Sub-Intervals Within Extended Lundberg Broad Stockwork: (H-25-3542; Figure 2), including: 6.0 m at 3.43% CuEq and22.0 m at 1.21% CuEq. Two Level Horizon Confirmed: The upper portion of H-25-3542 intersected 4.45 m grading 7.73% CuEq (previously released), reinforcing the strength of mineralization within stacked horizons (Figure 2).Step-Out Success Demonstrates Lateral Continuity: Hole H-25-3553, drilled 50 m north of H-25-3542, intersected 7.0 m of stockwork grading 0.47% CuEq, confirming continuation of the system down dip (Figure 2).Clementine Extension: A 50 m step-out hole (H-25-3552) intersected 3.45 m grading 1.09% CuEq, supporting down-plunge continuity (Figure 1).Priority 3DIP Targets: Drilling north of the Sandfill prospect intersected mineralization associated with a 1.5 km-long 3DIP chargeability anomaly that remains largely untested and a priority target for 2026 (Figure 3).Strategic Land Expansion at Nu Target: Following identification of potential Buchans mine trend stratigraphy, Canterra staked an additional 13.5 km² (1,350 hectares), expanding the project to 106 km² and opening a new southwest structural trend for follow-up dril...