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Canterra Minerals Corp. reports exploration and project-development updates for a portfolio of mineral properties in central Newfoundland, including the 100% owned Buchans Project and Wilding Gold Project. News about CTMCF centers on drill results, copper-equivalent and base-metal mineralization, geophysical and geochemical target generation, and resource-extension work around the Lundberg deposit, Pumphouse target and other Buchans-area prospects.
The company's updates also cover staking and portfolio expansion at VMS prospects such as Boomerang, Hill Top and Seal Pond, as well as gold target identification along the Valentine Lake Shear Zone. Recurring disclosures describe diamond drilling, IP surveys, historical exploration data, assay results and the advancement of targets within Newfoundland's Central Mining District.
Canterra Minerals has filed a National Instrument 43-101 Technical Report for its Lundberg deposit, part of the Buchans Project in Newfoundland. The report confirms an Indicated Mineral 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, and an Inferred Mineral Resource of 380,000 tonnes grading 0.36% Cu, 2.03% Zn, 1.01% Pb, 22.35 g/t Ag, and 0.31 g/t Au. This estimate will guide future exploration and potential economic assessments. The project shows significant potential for expansion and further exploration for new mineral zones.
The effective date of the Resource Estimate is February 28, 2019, and it is based on 263 drill holes. The report recommends a Preliminary Economic Assessment to evaluate the viability of an open-pit mining scenario. The Lundberg deposit is part of a volcanogenic massive sulphide environment, and Canterra sees potential for discovering additional higher-grade mineralization adjacent to the deposit.
Canterra Minerals announced the results of a ground gravity survey at the Tulks East Project in central Newfoundland, showcasing positive anomalies near known mineralization zones. The survey identified potential extensions of massive sulfide mineralization, recommending drill targets for further exploration. The project holds promise for new high-grade VMS discoveries, with historical drilling revealing significant mineralization. Canterra plans to review the data to identify additional drilling targets.
Canterra Minerals announced the results of a ground gravity survey at its Long Lake Project in central Newfoundland, Canada. The survey identified positive gravity anomalies in underexplored areas near the Long Lake deposit. The Company is now reviewing the data to identify drilling targets and assess the exploration potential of the project. The Long Lake deposit shows promise for expansion at depth and new high-grade VMS discoveries, making it a priority for further exploration.
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