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Canter Resources Advances Gravel Work and Provides Geoprobe Drilling Update at Columbus

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Canter Resources Corp. is progressing with gravel work and geoprobe drilling at its Columbus Lithium-Boron Project in Nevada. The company has started gravel transport and stockpiling, with the geoprobe drilling already halfway complete. The ongoing 10-hole geoprobe campaign has identified two aquifer zones within the upper 30 meters, yielding distinct brine samples. Canter is targeting lithium, boron, and potassium mineralization in sedimentary clays and shallow brine units. The larger-scale target involves testing for mineralization at greater depths, with the geoprobe drilling providing valuable subsurface profiling. The company is following strict QA/QC procedures and expects the program to be completed soon.

La Canter Resources Corp. sta procedendo con lavori di ghiaia e sondaggi geosonde nel suo Progetto di Litio-Boro a Columbus in Nevada. L'azienda ha iniziato il trasporto e l'accumulo di ghiaia, con i sondaggi geosonde già completati per metà. La campagna corrente di 10 sonde geoprofili ha identificato due zone acquifere nei primi 30 metri, fornendo campioni di salamoia distinti. Canter punta alla mineralizzazione di litio, boro e potassio in argille sedimentarie e unità di salamoia poco profonde. L'obiettivo su larga scala include test per la mineralizzazione a maggiori profondità, con le sonde geoprofili che forniscono preziose profilature del sottosuolo. L'azienda segue rigide procedure di QA/QC e prevede di completare il programma a breve.
Canter Resources Corp. está avanzando con trabajos en grava y perforación con geosonda en su Proyecto de Litio-Boro de Columbus en Nevada. La compañía ha comenzado el transporte y almacenamiento de grava, con la perforación geosonda ya completada en un cincuenta por ciento. La actual campaña de 10 sondeos geosonda ha identificado dos zonas acuíferas dentro de los primeros 30 metros, obteniendo muestras de salmuera distintas. Canter está enfocando en la mineralización de litio, boro y potasio en arcillas sedimentarias y unidades de salmuera poco profundas. El objetivo a mayor escala implica pruebas para mineralización en profundidades mayores, con la perforación geosonda proporcionando valiosos perfiles subsuperficiales. La compañía sigue estrictos procedimientos de QA/QC y espera completar el programa pronto.
캔터 리소시즈 코퍼레이션은 네바다주 콜럼버스 리튬-보론 프로젝트에서 자갈 작업과 지오프로브 드릴링을 진행하고 있습니다. 회사는 자갈 운송과 적재를 시작했으며, 지오프로브 드릴링은 이미 절반 완료되었습니다. 현재 진행 중인 10회 지오프로브 캠페인은 상위 30미터 내 두 개의 수층대를 확인했으며, 명확한 염수 시료를 산출했습니다. 캔터는 퇴적 점토와 얕은 염수 유닛에서 리튬, 보론 및 칼륨 광물화를 목표로 하고 있습니다. 보다 큰 규모의 목표는 보다 깊은 곳에서의 광물화 테스트를 포함하며, 지오프로브 드릴링은 귀중한 지하 프로필링을 제공합니다. 회사는 엄격한 QA/QC 절차를 준수하며 프로그램이 곧 완료될 것으로 예상합니다.
Canter Resources Corp. progresse dans les travaux de gravier et dans le forage geoprobe de son Projet Lithium-Bore à Columbus, Nevada. L'entreprise a commencé le transport et le stockage de gravier, avec les forages geoprobe déjà réalisés à moitié. La campagne actuelle de 10 sondages geoprobe a identifié deux zones aquifères dans les 30 premiers mètres, produisant des échantillons de saumure distincts. Canter vise la minéralisation de lithium, de bore et de potassium dans les argiles sédimentaires et les unités de saumure peu profondes. L'objectif à grande échelle comprend des tests de minéralisation à des profondeurs supérieures, avec les forages geoprobe qui fournissent des profils sous-surface précieux. L'entreprise suit des procédures strictes de QA/QC et s'attend à ce que le programme soit bientôt terminé.
Canter Resources Corp. macht Fortschritte bei Kiesarbeiten und Geoprobbohrungen in ihrem Lithium-Bor-Projekt in Columbus, Nevada. Das Unternehmen hat mit dem Transport und der Lagerung von Kies begonnen, wobei die Geoprobe-Bohrungen bereits zur Hälfte abgeschlossen sind. Die laufende Kampagne von 10 Geoproben hat zwei Aquiferzonen in den oberen 30 Metern identifiziert und lieferte deutlich abgegrenzte Soleproben. Canter zielt auf die Mineralisierung von Lithium, Bor und Kalium in sedimentären Tonen und flachen Soleeinheiten ab. Das Ziel größeren Umfangs beinhaltet Tests auf Mineralisierung in größeren Tiefen, wobei die Geoprobe-Bohrungen wertvolle Untergrundsprofile liefern. Das Unternehmen befolgt strenge QA/QC-Verfahren und erwartet, dass das Programm bald abgeschlossen wird.
Positive
  • The ongoing geoprobe drilling campaign at Columbus has identified two distinct aquifer zones containing brine samples, showing potential for lithium, boron, and potassium mineralization.

  • The geoprobe drilling is providing valuable subsurface profiling and geochemical data, essential for targeting mineralization at greater depths in the project area.

  • Canter Resources Corp. is actively managing the gravel work and geoprobe drilling concurrently, demonstrating efficient project execution and oversight by its technical team.

Negative
  • While progress has been made with gravel work and geoprobe drilling, there is still a need for further exploration and analysis to determine the commercial viability of mineralization at Columbus.

  • The success of the project hinges on the results of the ongoing geoprobe program, which are yet to be received and vetted, presenting a degree of uncertainty for investors.

  • The company must maintain strict adherence to QA/QC protocols to ensure the accuracy and reliability of collected data, emphasizing the importance of precise sampling and analysis in mineral exploration.

Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 601) ("Canter" or the "Company") is pleased to report that the Company has commenced gravel transport and stockpiling (see Image 1) in preparation for well drilling at its Columbus Lithium-Boron Project (the "Project", or "Columbus") located near Tonopah, Nevada. The gravel work is being completed by local contractor, Merritt Construction, concurrent with the ongoing Geoprobe drill campaign that is approaching the halfway mark with four (4) holes now completed (see Images 2-3).

"Our field activities continue to ramp up with our first phase of gravel work commencing concurrent with our Geoprobe drilling, so our technical group can oversee both contractors simultaneously. I'm pleased to report that the Company's ongoing 10-hole Geoprobe campaign has encountered two distinct aquifer zones within the upper 30 metres at Columbus," commented Canter CEO, Joness Lang. "We have collected two brine samples at similar depths in each hole across a north-south strike length of 1.2 kilometres to-date and hope to see this pattern continue as we aim to demonstrate lateral continuity of these shallow brine generating layers."

The Company is targeting anomalous lithium, boron and potassium mineralization in both the sedimentary clays (see Image 2) and shallow brine units (see Image 3) from this first phase of shallow Geoprobe drilling. There are distinct differences in composition between the two brine generating zones encountered to-date, with the upper zone at approximately 10-metre depth returning a darker brine within a relatively confined zone and a second significantly broader zone yielding a nearly clear brine at depths between 15-25 metres. The Company's larger-scale target at Columbus remains for testing at greater depths where lithium and boron enriched brines are likely to follow subvertical structures, trap and concentrate; however, the Geoprobe drilling accomplishes multiple objectives by providing valuable geologic and geochemical subsurface profiling across a greater lateral footprint while testing for lithium and boron mineralization within the shallow conductive layers produced by previous MT surveys (see press release dated March 20, 2024).

The 10-hole program is expected to take approximately one more week to complete, with results and interpretations from the Geoprobe program to be released once assays are received and vetted by the Company's technical personnel. The Company is following strict QA/QC protocol and procedures for brine sampling (see QA/QC section for more information).

The initial phase of gravel work is expected to also conclude later this week with a total of 1,500 cubic yards of gravel being stockpiled at a designated site at the Project. Once the Company has completed its Geoprobe drilling it will turn its attention to drill site preparations for the first planned exploration well.

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Image 1: Merritt Construction arriving with gravel sourced from BLM community pit.

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Image 2: Sampling sleeves and material from the top ten feet of Geoprobe hole CB24-013G (left).
Image 3: Hydrogeologist on site handling brine sample collected from hole CB24-013G at a depth of approximately 20 metre (right).

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Quality Assurance/Quality Control

Once a favourable lithology depth has been encountered, the advancement of the borehole is paused to commence groundwater sampling. Care is taken so the hole does not advance past the target zone before sampling. A drive-point screen sampler is then driven into the formation at the bottom of the borehole, and the protective sheath around the screen is pulled up to expose the screen. Groundwater is then lifted to the surface using a 20 to 50 mL stainless steel bailer with a check valve, which rests flush within the screen sampler. Approximately two initial bails are lifted to purge the sample depth, and general geochemical parameters (Temperature, pH, TDS, and Specific Conductivity) are measured and recorded from each bail. Sampling using the bailer continues to obtain the necessary 350 mL of groundwater for sampling. All bailed groundwater is collected in a separate container to blend the sample prior to filling the sample bottles, and a second suite of general geochemical parameters of the blended sample is recorded. The sample set consists of one 250 mL bottle filled to the brim, and two additional 250 mL bottles filled to at least 50 mL. No field filtering occurs. The bailer line is kept clean during each lift to prevent contamination of the samples.

Implementing effective QA/QC procedures is important to ensure the accuracy and reliability of collected data. By implementing appropriate QA/QC procedures, the reliability and accuracy of collected data is enhanced, improving the overall quality of the Project's results and interpretations. All groundwater samples are handled under chain of custody (COC) protocol using laboratory supplied forms to record who is in possession of the samples. Samples are stored cold, on ice or in a refrigerator. Samples are to be delivered to the lab within one (1) week of collection. The water sampling QA/QC program will require additional sampling. All additional samples shall be collected and gathered in the same manner as described above, including blending, and measuring of parameters. At every tenth sample, three additional samples will be collected consisting of a Duplicate, Umpire, and Blank sample.

Qualified Person (QP)

The technical information contained in this news release was reviewed and approved by Eric Saderholm P.Geo, Director and Technical Advisor of Canter Resources, a Qualified Person (QP), as defined under National Instrument 43- 101 - Standards of Disclosure for Mineral Projects.

About Canter Resources Corp.

Canter Resources Corp. is a Canadian junior mineral exploration company advancing the Columbus Lithium-Boron Project in Nevada, USA and the Beaver Creek Lithium Property in Montana, USA. The Company is completing Phase I exploration and drilling at Columbus to test a highly prospective lithium-boron brine target and plans to leverage the Company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the domestic clean energy supply chain in North America.

For further information contact:

Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
jlang@canterresources.com

For investor inquiries contact:

Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
investors@canterresources.com

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207540

FAQ

What is Canter Resources Corp. working on at the Columbus site in Nevada?

Canter Resources Corp. is currently advancing gravel work and conducting geoprobe drilling at its Columbus Lithium-Boron Project in Nevada.

What are the key objectives of the geoprobe drilling campaign at Columbus?

The geoprobe drilling campaign aims to target anomalous lithium, boron, and potassium mineralization in sedimentary clays and shallow brine units, providing valuable subsurface profiling and geochemical data.

Who is overseeing the ongoing project activities at Columbus?

Canter CEO, Joness Lang, is overseeing the project activities, including the gravel work and geoprobe drilling campaigns at the Columbus site in Nevada.

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