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Canterra Minerals Identifies New Exploration Targets Outside of Existing Resource and Expands Boomerang Project
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Canterra Minerals Corporation (T...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Identifies New Exploration Targets Outside of Existing Resource and Expands Boomerang ProjectVancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (\"Canterra\" or the \"Company\") is pleased to announce the identification of multiple new geochemical and geophysical targets at its Boomerang Project. Additionally, Canterra confirms the expansion of the Boomerang Project through the staking of the Hill Top massive sulphide target in the Central Newfoundland Mining District.HIGHLIGHTS:Multiple New Exploration Targets: Results from comprehensive 2024 geochemical sampling program and review of past geophysical survey datasets have identified several high-priority targets at the Boomerang Project outside of the existing resource baseStrategic Project Expansion: The Company has expanded the Boomerang Project through its staking of the Hill Top target, covering a 700m long gravity anomaly target with 13 adjacent down slope soil samples assaying >1000ppm CopperWhere exposed, this mineralization has returned assays of up to 1.5% Cu (copper), 4.68% Zn (zinc), and 16.5 g/t Ag (silver) in historical grab samplesHigh-grade Existing Resource: Boomerang* hosts a historical mineral resource comprised of Indicated Resources of 1.4 million tonnes at 0.5% Cu, 7.1% Zn, 3.0% Pb, 1.7 g/t Au, and 110.4 g/t Ag and Inferred Resources of 0.3 million tonnes at 0.4% Cu, 6.7% Zn, 2.9% Pb, 1.3 g/t Au and 96.5 g/t Ag Consolidated Land Position: This expansion strengthens Canterra's dominant position in one of North America's most promising volcanogenic massive sulphide (\"VMS\") mineral districts\"The expansion of the Boomerang Project through our proactive staking program demonstrates our team's geological expertise and commitment to cost-effective growth,\" added Chris Pennimpede. \"By identifying and securing these highly prospective massive sulphide targets in competitive staking, we've added significant value to our portfolio with minimal expense. The presence of massive sulfides at surface, coupled with the property's location within the same proven VMS district as our existing resource, presents an exceptional opportunity to further develop our Boomerang Project.\"BOOMERANG PROJECT ADVANCESThe Boomerang Project, located approximately 70 kilometres (\"km\...