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Canterra Minerals Provides Drilling Update and Defines New Gold Targets on Its Noel Paul Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2021) - Canterra Minerals Corpora...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Provides Drilling Update and Defines New Gold Targets on Its Noel Paul Project, NewfoundlandVancouver, British Columbia--(Newsfile Corp. - December 21, 2021) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") is pleased to provide an update to its fall drill program and to announce that it has defined several new gold targets on the never-before-explored Noel Paul Gold project (\"Noel\") in central Newfoundland. Assay results are pending for all drill holes.Highlights:4,195m completed in 19 drill holes on the Wilding Gold projectDrill program is now on holiday break and will restart in early 2022Stacked, shallowing dipping, quartz-pyrite veins discovered at Red Ochre over 30-60m intervals share similarities to the deposit setting at the neighboring Valentine Gold project, but in different host rocksSimilar quartz-pyrite veins identified over ~1km of drilled strike, however the Red Ochre host rocks extend along at least 2.5km of strike from Red Ochre through DogberryGold-in-soil samples returned 11 to 57ppb Au along the trace of the Valentine Lake Shear Zone (\"VLSZ\") as it trends northeast from Wilding across the Noel Paul Gold Project Chris Pennimpede, CEO & President of Canterra, commented, \"Identification of stacked quartz veining at Red Ochre, along a similar structure to the VLSZ, is an important confirmation of a robust gold system at Wilding and the overall potential endowment of gold throughout the central Newfoundland gold belt. The continuation of gold anomalies in the same Red Ochre host rocks on the newly explored western part of the project continues to prove that the exploration potential for an orogenic style gold deposit exists in multiple rock types along parallel structures across the entirety of the 7.5km of the structural corridor that the Wilding project covers. We look forward to receiving assay results from these new holes at Red Ochre.\"Red Ochre DrillingNumerous narrow quartz veins associated with sericite alteration and pyrite appear to host gold mineralization. This unit appears be a suitable brittle host for gold mineralization and analysis of past drilling suggests that these veins are shallow-dipping. The 2021 fall program utilized oriented core, which has resulted in the new interpretation that these veins may stack at depth, much th...