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Canterra Minerals Intersects 28 m of 1.19 g/t Au, 67.9 g/t Ag, 0.48% Cu, 5.42% Zn, 1.33% Pb, at Lemarchant Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - Canterra Minerals Corporation (T...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Intersects 28 m of 1.19 g/t Au, 67.9 g/t Ag, 0.48% Cu, 5.42% Zn, 1.33% Pb, at Lemarchant Project, NewfoundlandVancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") is pleased to announce results from its recently completed winter drilling program at its Lemarchant project (the \"Lemarchant Project\") in central Newfoundland, Canada. The program was designed to test multiple target areas within and adjacent to the Lemarchant volcanogenic massive sulfide (\"VMS\") deposit, including geological and geophysical targets, as well as further define and upgrade existing resources (see February 29, 2024 news release). Drill Highlights:1.19 g/t Au, 67.9 g/t Ag, 5.42% Zn, 0.48% Cu, and 1.33% Pb over 28.00 m in hole LM-24-164Including 1.56 g/t Au, 52.3 g/t Ag, 10.59% Zn, 0.66% Cu, and 2.37% Pb over 9.50 m 2.86% Cu, 0.03% Zn, 0.06 g/t Au, and 6.2 g/t Ag over 1.37 m in hole LM-24-165Including 4.25% Cu, 0.04% Zn, 0.07 g/t Au, and 8.9 g/t Ag over 0.87 mChris Pennimpede, President and CEO of Canterra, commented \"Canterra is encouraged by these initial results and plans to complete additional drilling at Lemarchant to test several of the project's priority targets that remain untested because of the premature suspension of our winter drilling program. Meanwhile, we look forward to turning our attention to other priority targets within our extensive central Newfoundland critical and precious metals land holdings, including the recently acquired Buchans project\" (see December 20, 2023 news release).Lemarchant DrillingLM-24-164 was drilled near Lemarchant deposit and returned an intercept of 28.00 m averaging 1.19 g/t Au, 67.9 g/t Ag, 5.42% Zn, 0.48% Cu, and 1.33% Pb, including 9.50 m averaging 1.56 g/t Au, 52.3 g/t Ag, 10.59% Zn, 0.66% Cu, and 2.37% Pb. These results will be incorporated into subsequent resource modeling and may add to or upgrade resources. LM-24-165 was drilled west of the deposit and intersected peripheral disseminated and stockwork mineralization up dip of the deposit consisting of an intersection of 1.37 m averaging 2.86% Cu, 0.03% Zn, 0.06 g/t Au, and 6.2 g/t Ag, including a section of 0.87 m averaging 4.25% Cu, 0.04% Zn, 0.07 g/t Au, and 8.9 g/t Ag. These results demonstrate that the Lemarchant mineralized...