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Canterra Minerals Corporation
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- OTCQB:CTMCF
- TSXV:CTM
Canterra Identifies Five Buchans Drill Targets and Starts Phase 3 Programme
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Announcement Summary
Canterra Minerals Corporation (TSXV:CTM) (OTCQB: CTMCF) (FSE:DXZB) announced new Buchans Project drill targets and Phase 3 drilling.
- The 3D IP survey identified five previously untested anomalies with signatures comparable to known mineralized zones, imaging depths up to 800 m.
- Phase 3 is part of Canterra’s fully funded 10,000-metre program; up to 6,000-metre is planned, with 6,000 metres underway across four targets.
- Sandfill Deep is a >500 m anomaly at estimated ~600 m depth within a structural repeat of the Buchans horizon.
- Clementine South is >500 m laterally, 1.5 km south of known Clementine mineralization, at estimated 650 m depth.
- West Clementine is a kilometre-scale anomaly at estimated depths of 400 to 800 m and may be a faulted massive-sulphide extension.
- Nu Area has multiple kilometre-scale resistivity anomalies with locally coincident increased chargeability in the project’s southern area.
- The company expects to add additional targets, and says Phase 3 will continue through late fall. The release says Canterra may not secure permitting and other governmental clearances needed for its exploration plans.
Separately, Digitonic Ltd. will provide a two-month investor content marketing project beginning September 2, 2025; Canterra paid US$20,000.
Investor FAQs
Canterra Minerals Corporation announced that its property-wide, deep-penetrating 3D Induced Polarization survey identified five primary, large-scale, previously untested anomalies. The anomalies are along the geological corridor that hosted the Buchans Mine and occur at depths below those tested by historic shallow drilling. Canterra said it has launched Phase 3 of its fully funded 10,000-metre drill programme, with 6,000 metres of drilling underway.
The source identifies Canterra Minerals Corporation as listed on the TSXV:CTM, OTCQB: CTMCF and FSE:DXZB.
The current phase includes up to 6,000-metre of drilling focused on four targets generated from the 3D IP survey: Sandfill Deep, Clementine South, West Clementine and Nu Area. Sandfill Deep is described as a large (>500 m) anomaly at an estimated depth of ~600 m; Clementine South measures several hundreds of metres in lateral extents (>500 m) and is at an estimated depth of 650 m; West Clementine is a kilometre-scale anomaly at estimated depths ranging between 400 and 800 m; and the Nu Area contains multiple kilometre-scale resistivity anomalies with locally coincident increased chargeability.
Canterra states that the anomalies have high-chargeability and low-resistivity signatures comparable to those over known mineralised zones. The company says their size and geophysical character suggest the presence of significant sulphide accumulations, potentially on the scale required for future underground development. These are interpretations and potential outcomes rather than confirmed discoveries. The source says the drilling objective is to discover new high-grade VMS orebodies.
The Buchans Project spans 95 km² near the town of Buchans and hosts the past-producing Buchans Mine and the undeveloped Lundberg deposit. The source states that the historic Buchans Mine produced 16.2 Mt at an average grade of 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au and 126 g/t Ag. The source also describes Lundberg as a significant undeveloped resource with near-surface stockwork sulphide mineralisation.
Canterra says it continues to review the identified and other anomalous areas with its geophysical consultants and expects to add additional targets to the current Phase 3 drill programme, which it says will continue through late fall. The source does not state that any new mineralised body has been confirmed by the current drilling.
Canterra cautions that forward-looking statements may not prove accurate and that actual results and future events could differ materially. Identified risks include accidents and other risks associated with mineral exploration, unanticipated geological factors, inability to secure permitting and other governmental clearances, inability to raise sufficient funds to carry out business plans, and political uncertainties or regulatory or legal changes. The source also states that readers should not place undue reliance on the forward-looking statements and information in the release.
Canterra announced that it has engaged Digitonic Ltd. to provide marketing consulting and investor relations services. Digitonic is based in Glasgow, Scotland, and will provide a two-month investor content marketing project beginning September 2. The company states that Digitonic is at arm’s length and has been paid US$20,000 for the two-month project.
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