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Canterra Minerals Intersects 60.7 Metres of 0.85% Copper Equivalent at the Buchans Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Canterra Minerals Corporation (T...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Intersects 60.7 Metres of 0.85% Copper Equivalent at the Buchans Project, NewfoundlandVancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (\"Canterra\" or the \"Company\") is excited to report new drill results from its ongoing 10,000 metre drill program at its 100% owned Buchans Project, located in Newfoundland's prolific Central Mining District. The project sits in a proven mining district, just 50 km north of Equinox Gold's Valentine Gold Mine and 34 km northwest of Teck's past producing Duck Pond Mine (Figure 4). Drillhole H-25-3538 Delivers Long, High-Grade Interval (1&2):60.70 metres grading 0.85% CuEq (0.39% Cu, 1.00 % Zn, 0.55% Pb, 2.5 g/t Ag & 0.03 g/t Au) from just 15.3 m to 76 m below surfaceincluding 4.7 metres of 2.29% CuEq (1.19% Cu, 2.25% Zn, 1.27% Pb, 9.3 g/t Ag & 0.06 g/t Au) Broad sulphide stockwork mineralization extends below the current resource, suggesting potential for larger open pit mineral resourceResults confirm strong copper distribution, an increasingly valuable component of the Lundberg depositThe 60.7-metre intersection is one of the longest continuous mineralized intervals drilled on the project to dateChris Pennimpede, President and CEO of Canterra commented: \"We are off to a fantastic start in the 2025 drill season. These latest results show copper-rich mineralization well outside the existing resource area-exactly what we want to see as we aim to grow the Lundberg deposit. Importantly, the existing resource was based on a conservative copper price of just US$3.00/lb, well below today's much stronger copper market price. With 8,000 metres of drilling still to come this summer and fall, we're excited about the upside potential at Buchans.\"Table 1. Assay Highlights. Copper Equivalents (CuEq%) as per metal prices of April 11, 2025 (see notes 2 & 3 at end of release for additional explanation; holes H-25-3539 and H-25-3537 previously released May20, 2025 and June 3, 2025).HoleFrom (m) To (m)Width (m)Cu%Zn%Pb%Ag g/tAu g/t*CuEq (%)CommentsH-25-3539145.95151.305.351.057.174.63140.00.886.77Two Levelincl.146.95148.952.001.4310.916.58151.00.978.88\" \"and225.00243.0018.000.521.130.633.70.041.07Lundbergincl.229.00237.008.000.671.310.784.70.041.31\" \"H-25-353815.3076.0060.700....