Business
Canterra Minerals Step-Out Drilling Hits High-Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Canterra Minerals Corporation (TS...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals Step-Out Drilling Hits High-Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, NewfoundlandVancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) (\"Canterra\" or the \"Company\") is pleased to announce the first drill hole 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 & 3). Drill Result from the Buchans Project(1&2):Drill hole H-25-3539 targeting the Two Level Horizon steps out 100 m in plan and 70 m in section beyond the high-grade mineralization intersected in 2024 (December 2, 2024 news release) 6.77% copper equivalent (\"CuEq\") over 5.35 m (1.05% Cu, 7.17% Zn, 4.63% Pb, 140.04 g/t Ag & 0.88 g/t Au) from 146 m (approximately 130 m below surface); including 8.88% CuEq over 2.00 m (1.43% Cu, 10.91% Zn, 6.58% Pb, 151.00 g/t Ag & 0.97 g/t Au) and 1.07% CuEq over 18.00 m (0.52% Cu, 1.13% Zn, 0.78% Pb, 4.47 g/t Ag & 0.04 g/t Au) from 225 m (approximately 200 m below surface) The first mineralized interval expands the High Grade Two Level Horizon which remains open in multiple directions The second mineralized interval extends stockwork mineralization below the extent of the current pit shell Chris Pennimpede, President and CEO of Canterra, commented: \"I'm extremely proud of the team in taking our 2024 maiden drill discovery of 105 m @ 1.53% copper equivalent and stepping out 100 m and discovering new high-grade mineralization extending the high-grade copper horizon outside the limits of the current resource. We are very encouraged by the intersection of high-grade Two Level mineralization outside the current resource indicating potential to discover additional high-grade resources. Future work will focus on expanding this high-grade horizon.\"Canterra anticipates assigning additional drilling to testing for extensions to the Two Level mineralization intersected in hole H-25-3539 as part of its ongoing 2025 ~10,000 m drilling campaign. Canterra is currently conducting Deep 3DIP geophysical surveys over the Buchans Project and plans to undertake additional drilling to test ...