Business
Canterra Minerals Intersects 68 metres of 1.0% CuEq from Surface at the Buchans Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Canterra Minerals Corporation (TS...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Intersects 68 metres of 1.0% CuEq from Surface at the Buchans Project, NewfoundlandVancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (\"Canterra\" or the \"Company\") is pleased to announce additional drilling results from its ongoing 10,000 metre (\"m\") drill program at its 100% owned Buchans Project in the Central Newfoundland Mining District, located 50 kilometres (\"km\") north of Equinox Gold's Valentine Gold Mine and 34 km northwest of Teck's past producing Duck Pond Mine (Figures 1 & 2). Drill Highlights and Insights from Drillhole H-25-3537 (1&2):68.0m of 1.0% CuEq (0.50% Cu, 1.00 % Zn, 0.43% Pb, 3.5 g/t Ag & 0.06 g/t Au), from surface including 11.0m of 2.14% CuEq (0.63% Cu, 3.22% Zn, 1.62% Pb, 6.9 g/t Ag & 0.14 g/t Au) from surface Broad intersections of stockwork semi-massive sulfide mineralization that are expected to expand current open pit mineral resourceFurther demonstration of continuity of the Lundberg deposit, an open pit resource favourably situated on a brownfields site with excellent infrastructure Builds upon the Company's successful expansion of the high-grade Two Level discovery announced on May 20, 2025, validating the exploration model targeting extensions of high-grade mineralization historically mined at Buchans MineAdditional drilling results from the current program, including the Pumphouse Target, will be released as assays are received and compiled Chris Pennimpede, President and CEO of Canterra commented: \"This exceptional 68-metre intersection from surface demonstrates robust, continuous mineralization that has the potential to grow existing open pit mineral resources at Buchans. The consistency and grade of this intersection reinforces our belief that Buchans represents one of the most compelling undeveloped critical minerals opportunities in Atlantic Canada.\" 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). HoleFrom (m) To (m)Width (m)Cu%Zn%Pb%Ag g/tAu g/t*CuEq (%)CommentsH-25-35378.0076.0068.000.501.000.433.50.060.99Lundbergincl.8.0019.0011.000.633.221.626.90.142.14\" \"incl.29.0037.008.001.470.390.144.80.061.74\" \"incl.65.0076.0011.000.450.410.122.20.020.64\" \"an...