Canterra (CTMCF) Stock News

Canterra Minerals reported significant drill results from its Buchans Project in Newfoundland's Central Mining District. The highlight includes hole H-25-3538 intersecting 60.7 metres of 0.85% copper equivalent mineralization starting just 15.3 metres below surface, including a high-grade section of 4.7 metres at 2.29% CuEq. The results are part of an ongoing 10,000-metre drill program at the 100% owned project, with 8,000 metres remaining to be drilled. The Buchans Project, spanning 95 km², contains both the historic high-grade Buchans Mine and the Lundberg deposit, which holds an Indicated Resource of 16.79 million tonnes grading 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag, and 0.07 g/t Au. The latest results suggest potential for expanding the open-pit mineral resource, particularly given current stronger copper prices compared to the conservative US$3.00/lb used in the existing resource estimate.

Canterra Minerals (CTMCF) has identified five new district-scale gold targets at its Wilding Gold Project in Central Newfoundland, located along the Valentine Lake Shear Zone adjacent to Equinox Gold's Valentine Mine. The targets were defined through reprocessed geophysical datasets and show geological characteristics similar to the Valentine Mine, which holds 4.0 Moz Au M&I and 1.1 Moz Au Inferred resources. Historical drilling at the property has yielded promising results, including intercepts of 5.0m at 10.01 g/t Au and 42.0m at 0.57 g/t Au. The project's strategic location, just 20km from Valentine Gold Mine's processing facilities, positions it favorably as Equinox prepares for first gold pour in Q3 2025.

Canterra Minerals (CTMCF) has reported significant drilling results from its Buchans Project in Newfoundland, intersecting 68 meters of 1.0% copper equivalent mineralization from surface. The highlight intersection includes 11 meters of 2.14% CuEq near surface. The results are part of an ongoing 10,000-meter drill program at the 100% owned project, located 50km north of Equinox Gold's Valentine Gold Mine. The drilling expands the Lundberg deposit, an open-pit resource with existing infrastructure. The Buchans Project includes the historic Buchans Mine, which produced 16.2 million tonnes at impressive grades of 14.5% Zinc, 7.6% Lead, 1.3% Copper, 1.37 g/t Gold, and 126 g/t Silver across five orebodies. The current Lundberg deposit contains an Indicated Resource of 16.79 million tonnes grading 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag, and 0.07 g/t Au.

Canterra Minerals (CTMCF) has announced significant drill results from its ongoing 10,000-meter drilling program at the Buchans Project in Newfoundland. The key highlight is drill hole H-25-3539, which intercepted 6.77% copper equivalent over 5.35 meters, including 8.88% CuEq over 2.00m. This step-out drilling extends 100m in plan and 70m in section beyond previous high-grade mineralization discovered in 2024. The hole also intersected 1.07% CuEq over 18.00m from 225m depth. The Buchans Project, located near past-producing mines, contains a significant Lundberg resource with Indicated resources of 16.8 million tonnes containing 156M lbs Cu, 566M lbs Zn, 237M lbs Pb, 3.1M oz Ag, and 37,000 oz Au. The company is currently conducting Deep 3DIP geophysical surveys and plans additional drilling to test new targets.

Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has announced significant developments at its Boomerang Project in Newfoundland. The company has identified multiple new geochemical and geophysical targets and expanded the project through the staking of the Hill Top massive sulphide target.

Key highlights include:

• Hill Top target shows promising mineralization with historical grab samples yielding up to 1.5% Cu, 4.68% Zn, and 16.5 g/t Ag
• The existing Boomerang resource contains Indicated Resources of 1.4M tonnes at 0.5% Cu, 7.1% Zn, 3.0% Pb, 1.7 g/t Au, and 110.4 g/t Ag
• The newly staked 475-hectare area is located 7km northeast of the Boomerang-Domino deposit

The company is fully funded for its 2025 exploration activities, including 3D Array Induced Polarization surveys and up to 10,000m of diamond drilling.

Canterra Minerals (OTCQB: CTMCF) has initiated a Phase 1 drilling program at its Buchans Critical Minerals Project in Newfoundland. The company plans up to 10,000 meters of diamond drilling in 2025, focusing on the Pumphouse and Lundberg targets.

The Pumphouse prospect represents an underexplored fault repeat of the Oriental mine horizon, located 500m northwest from the former Oriental orebody. The Lundberg target aims to expand the current 16.8 Mt resource laterally and at depth, with grades including 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag & 0.07 g/t Au in the Indicated category.

The project covers 87.5 square kilometres near the historic Buchans Mine, which produced 16.2 Mt of high-grade ore averaging 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au & 126 g/t Ag across five orebodies between 1928 and 1984.

Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has expanded its Newfoundland portfolio by staking 19 mineral claims (5km2) covering the Seal Pond Volcanogenic Massive Sulfide (VMS) prospect in central Newfoundland. The new claims are located 20km east of the Company's Buchans project.

The Seal Pond prospect is hosted by volcanic rocks of the Mary March Group, correlating with the Buchans Group rocks. Historical drill highlights include intervals grading 2.84% Zn and 1.22% Cu. No drilling has occurred since 2006.

This acquisition strengthens Canterra's position as the largest landholder in the Central Newfoundland Mining District, where it currently holds 7 known undeveloped deposits with NI 43-101 compliant resource estimates. The company plans to conduct a comprehensive review of historical exploration data before initiating follow-up field programs.

Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has been selected to showcase drill core from its Buchans Critical Minerals project in Central Newfoundland at the prestigious PDAC 2025 Convention's Core Shack. The Core Shack exhibit, featuring 40 selected mineral exploration companies, will display promising drilling results and recent mineral discoveries alongside technical information.

Visitors can explore Canterra's Buchans property at booth 3104 in the Investors Exchange on March 4th (10 am - 5 pm) and March 5th (9 am - 12 pm). Additionally, CEO Chris Pennimpede will present at the Atlantic Edge Investment Event's Critical Minerals Session on March 4th at 1:55pm at the Intercontinental Hotel.

Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has announced its participation in Red Cloud's 13th Annual Pre-PDAC Mining Showcase, taking place in-person at The Omni King Edward Hotel in Toronto on February 27 & 28, 2025.

Chris Pennimpede will be presenting on behalf of Canterra on February 27th at 2:20PM Eastern Standard time. The annual conference will feature presentations from over 80 companies and facilitate more than 600 one-on-one meetings, along with exclusive keynote speeches from influential leaders in mining and finance.

The event offers networking opportunities and industry insights for shareholders and interested parties. Registration for the conference is available through Red Cloud's website.