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Canterra Minerals Intersects 16.0 metres of 1.72% Copper Equivalent at Clementine Prospect, 4 km Northwest of Past-Producing Buchans Mine
VANCOUVER, British Columbia, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Intersects 16.0 metres of 1.72% Copper Equivalent at Clementine Prospect, 4 km Northwest of Past-Producing Buchans Mine\n\n\n\n VANCOUVER, British Columbia, Sept. 23, 2025 (GLOBE NEWSWIRE) --\n \n Canterra Minerals Corporation (TSXV:CTM) (OTCQB: CTMCF) (FSE:DXZB)\n \n (“Canterra” or the “Company”) is pleased to announce its first drill results from the Clementine Prospect, part of its 100% owned Buchans Project in the Central Newfoundland Mining District. The Buchans Project is located 50 kilometres north of Equinox Gold’s Valentine Gold Mine and 34 km northwest of Teck’s past producing Duck Pond Mine. The Clementine Prospect is located 4 kilometres northwest of Canterra’s Lundberg Deposit and the past-producing Buchans Mine.\n \n\n Initial drilling has successfully extended known high-grade, Buchans-style mineralization and confirmed significant grades at the margin of historic mineralization. Importantly, results coincide with a large, untested chargeability anomaly identified by Canterra’s recently completed deep-penetrating 3D IP survey, suggesting potential for a larger, higher-grade zone immediately to the south.\n \n\n In response to these positive results, the Company has mobilized a second drill rig to site as part of the ongoing 10,000-metre drill program at its Buchans Project.\n \n\n\n Highlights:\n \n\n\n\n\n 1.72% CuEq over 16.0 m\n \n (H-25-3546, from 271.6m depth), including\n \n 3.15% CuEq over 2.0 m\n \n\n\n\n 2.64% CuEq over 3.0m\n \n (H-25-3545, from 332m depth), including\n \n 4.02% CuEq over 1.0 m\n \n\n\n Confirms high-grade, classic Buchans-style mineralization in an underexplored area\n \n\n Results include gold and silver credits which are common in Buchan-style mineralization\n \n\n Expands prospectivity south of the prospect where newly generated 3D IP geophysical anomalies identify priority targets for follow-up drilling.\n \n\n\n\n\n Chris Pennimpede, President and CEO of Canterra commented:\n \n\n “These first results from Clementine validate our exploration model and belief that our Buchans Project has the potential to host multiple high-grade mineralized zones. We have confirmed thick, high-grade Buchans-style mineralization at the edge of the known system, with the potential for more continuous zones.\n \n\n Ju...