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Canterra Minerals Significantly Increases Land Position in Central Newfoundland, Including 15 Kilometres of Strike Length along Rogerson Lake Structural Corridor
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2022) - Canterra Minerals Corporation...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Significantly Increases Land Position in Central Newfoundland, Including 15 Kilometres of Strike Length along Rogerson Lake Structural CorridorVancouver, British Columbia--(Newsfile Corp. - June 23, 2022) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") is pleased to announce that it has increased its land holdings in central Newfoundland. This increase in land position includes significant claims along the Rogerson Lake Structural Corridor at the new Clipper Brook Property where the Company is targeting gold mineralization similar to that found at Wilding, and additional claims adjacent to the Boomerang Project, a volcanogenic massive sulphide project. \"We're pleased to expand our property coverage across a significant section of the Rogerson Lake Structural Corridor and Valentine Lake Shear Zone with this new acquisition at Clipper Brook,\" said Company President Cooper Quinn. \"This geologic setting hosts many significant gold deposits in Newfoundland, including Marathon Gold's Valentine Gold Project deposits, and with the new staking Canterra now controls approximately 65 kilometres ('km') of strike length of this structure. In addition, the acquisition of adjoining licenses at Boomerang adds to the blue sky and exploration potential of this massive sulphide asset, where Canterra has acquired significant high grade gold, silver, zinc, and lead resources as part of a strategic suite of VMS projects from NorZinc (see news release dated November 15, 2021). We're looking forward to the technical team generating new drill targets moving forward, as the past results from this property are spectacular.\" Clipper Brook PropertyThe Clipper Brook Property comprises 5 mineral licenses totaling 122.5 square kilometres (\"km2\") along the northeast strike extent of the Rogerson Lake Structural Corridor, with approximately 15 km of additional strike of this unit staked. In addition, the Clipper Brook licenses include the contact of the Crippleback Lake Quartz Monzonite, believed to be a Neoproterozoic granitoid unit similar to the Valentine Lake Intrusive Suite, which host Marathon Gold's Valentine Gold Project. The similarity of the geology underlying the Clipper Brook Property to that underlying the Company's Wilding Project and the Valentine Gold Project suggests the high p...