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Canterra Minerals Stakes Prospective Critical Minerals Property in the Ring of Fire, Ontario
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - Canterra Minerals Corporation (T...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Stakes Prospective Critical Minerals Property in the Ring of Fire, OntarioVancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") is pleased to announce the staking of prospective Ni-Cu-PGE mineral claims in the prolific Ring of Fire region in Ontario, Canada. This is an opportunistic acquisition that leverages the Company's extensive exploration database in the region and is consistent with the Company's broader critical mineral exploration strategy focused on underexplored and prospective regions of Canada.Highlights:The Ring of Fire Project (the \"Project\") is located in the Ontario Ring of Fire region, in close proximity and similar geological setting to Eagles Nest which is one of the largest undeveloped, high-grade nickel-copper-platinum-palladium deposits in the world, located in the Ring of Fire region of Northern Ontario, and is 20 km from the proposed Ring of Fire Northern Road Link.This acquisition resulted from the Company's strategic shift to critical minerals exploration and was facilitated through the re-evaluation of historic data from the Company's predecessors' (Diamondex Resources Ltd.) drilling, geophysical and geological datasets in the Ring of Fire. These datasets included several highly anomalous drill ready targets identified by previous operators of the historic projects. The Ring of Fire Region is host to several world class deposits and is currently in the process of a major infrastructure push from all levels of government.Figure 1: Location of Canterra Newly Staked ClaimsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8054/173613_6ff9ea56a4612a55_001full.jpgChristopher Pennimpede, CEO stated: \"This staking is a result of leveraging Canterra's extensive critical mineral databases that it possesses for Newfoundland and Ontario. Reinterpreting this data has identified the opportunity to stake this highly prospective Ni-Cu-PGE and VMS ground in the world class Ring of Fire region. As stated in our previous news release, Canterra will continue to utilize its wealth of knowledge to identify these critical mineral opportunities and execute on them. We look forward to partnering with parties to explore this nickel-rich region in conjunction wit...