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Canterra Minerals provides update on Summer Exploration Programs in central Newfoundland Mining District & Announces Upcoming Drilling at Buchans
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Canterra Minerals Corporation (TS...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"\nCanterra Minerals provides update on Summer Exploration Programs in central Newfoundland Mining District & Announces Upcoming Drilling at BuchansVancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") is pleased to announce the commencement of summer field programs on its volcanic massive sulphide (VMS) projects within the central Newfoundland Mining District (see Figure 1). These programs are designed to identify and evaluate exploration targets across the Company's highly prospective project portfolio that include multiple base metal deposits in the district, with a drill program expected to begin later this summer. Highlights:Planned 2,000 m drilling program at Buchans to explore for new discoveries of Buchans style classic high-grade massive sulfide mineralization Drilling will also be focused in and around the Lundberg deposit (the existing deposit within the brownfields of Buchans) to further expand and enhance this large open-pit resource by extending known mineralization and exploring for additional higher-grade mineralization nearby that may complement Lundberg's development; this initiative is motivated by an improved outlook for critical base metal prices, particularly copper, a significant component of the Lundberg deposit (see news release dated June 4, 2024)Geological investigations to include review and sampling of archived drill core from multiple deposits containing historical resource estimates; deposits to be evaluated include Lemarchant, Long Lake, Boomerang, Tulks Hill, Daniels Pond and Bobbys Pond (see the website for historic resource estimates)Summer programs will build on previously announced recent results including targets identified at Lemarchant (see news release dated April 16, 2024) and gravity surveys at the Long Lake (see news release dated April 29, 2024) and Tulks East projects (see news release dated May 6, 2024) Strategic goals include increased consideration of projects and deposits with potential for enhancement or discovery of resources with higher copper grades and metal inventory and include follow-up work on Canterra's recently announced high-grade copper samples from the Victoria Project (see news release dated April 22, 2024) Canterra is fully funded for this summer's exploration, incl...