How is the up to 15,000-metre programme allocated?

The company outlines approximately 5,000 metres at Buchans, up to approximately 5,000 metres across the Victoria Lake Supergroup portfolio and approximately 5,000 metres planned at Wilding. These are separate programme allocations, and the source does not state that all of the planned drilling has been completed.

What work is under way at the Buchans Project?

An initial approximately 2,000-metre winter programme is currently in progress at the West Clementine target, testing targets interpreted from 3D induced polarisation results and integrated geological and structural information. The company also intends to undertake additional drilling for resource expansion at the Lundberg deposit and the Two-Level zone. A further approximately 3,000 metres of follow-up testing is planned later in 2026.

What work is planned at the Wilding Gold Project?

A combined basal till and top-of-bedrock percussion drilling programme has commenced along the 55-kilometre Valentine structural trend. Phase 1 is expected to include approximately 250 percussion drill holes. Subject to results, additional basal till sampling may be completed later in 2026, and the company anticipates approximately 5,000 metres of follow-up diamond drilling in the summer/fall on the highest-priority targets.

What does the company say about the geological setting of its projects?

The Buchans Project is described as a past-producing high-grade VMS district with multiple untested targets generated by modern deep-seeking geophysics. The Wilding Gold Project is described as lying along the same structural corridor that hosts Equinox Gold’s producing Valentine Mine, with Canterra controlling a 55-kilometre extension of the gold-bearing trend. The source also states that past drilling identified multiple occurrences of orogenic-style gold mineralisation, while the broader land position remains underexplored.

What risks and uncertainties does Canterra identify?

The company’s forward-looking statements are subject to risks including accidents and other risks associated with mineral exploration, unanticipated geological factors, the possible inability to secure permitting and other governmental clearances, the possibility that it may not be able to raise sufficient funds to carry out its business plans, and political uncertainties or regulatory and legal changes. The company states that actual results and future events could differ materially from those anticipated and that readers should not place undue reliance on the forward-looking information.

Home
News Intelligence
Canterra Minerals Corporation
Canterra launches up to 15,000-metre 2026 drill programme in Newfoundland

Back to all Canterra Minerals Corporation press releases

Canterra Minerals Corporation

FSE:DXZB
OTCQB:CTMCF
TSXV:CTM

Canterra launches up to 15,000-metre 2026 drill programme in Newfoundland

Q: What is planned across the Victoria Lake Supergroup portfolio?

Canterra plans a belt-wide target-ranking initiative across deposits and prospects including Boomerang, Lemarchant, Long Lake, Tulks, Daniels Pond, Bobby’s Pond and additional prospects. The work is intended to prioritise prospecting, ground geophysics and drill targeting, with up to approximately 5,000 metres of targeted diamond drilling focused on the highest-ranked opportunities for discovery and/or expansion.

Published Wednesday, 18 February 2026, 08:34 AM

Get alerts

Plain English summaries when Canterra Minerals Corporation announces news.

At a glance

Company: Canterra Minerals Corporation
Listings: FSE:DXZB, OTCQB:CTMCF, TSXV:CTM
Published: Wednesday, 18 February 2026, 08:34 AM
Source announcement: valuethemarkets.com

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) announced a 2026 exploration program across its central Newfoundland projects.

Drilling has commenced at Buchans, targeting 3DIP anomalies and structural corridors generated through deep-seeking geophysics and integrated geological modeling at West Clementine.
The program covers Canterra’s 100%-owned projects and up to 15,000 meters of fully funded diamond drilling across Buchans, the Victoria Lake Supergroup (VLSG) portfolio and Wilding.
At Buchans, the company plans approximately 5,000 meters, including an approximately 2,000-meter winter program underway and approximately 3,000 meters of follow-up drilling later in 2026.
The company anticipates up to approximately 5,000 meters of targeted VLSG drilling after ranking deposits and prospects including Boomerang, Lemarchant, Long Lake, Tulks, Daniels Pond and Bobby’s Pond.
At Wilding, approximately 250 percussion drill holes have commenced along the 55-kilometer Valentine structural trend; the company anticipates approximately 5,000 meters of diamond drilling in summer/fall 2026.

The company says additional basal till sampling later in 2026 is subject to results, with prospecting, mapping and follow-up diamond drilling scheduled for H2 2026.

Investor FAQs

Canterra Minerals Corporation (TSXV: CTM), (OTCQB: CTMCF) and (FSE: DXZB) says it has launched a fully funded, up to 15,000-metre diamond drill programme across its 100%-owned projects in central Newfoundland. Drilling has commenced at the Buchans Project, while work is also planned across the Victoria Lake Supergroup portfolio and the Wilding Gold Project.

Source announcement

Company: Canterra Minerals Corporation
Title: Canterra Launches Fully Funded 15,000 Metre Discovery-Focused Drill Program in Newfoundland
Published: Wednesday, 18 February 2026, 08:34 AM
Source site: valuethemarkets.com

Read the source announcement on valuethemarkets.com

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

Read the original press release

Full text as published, unedited.

Loading the original release…

Important Notice And Disclaimer

This article was generated by an artificial intelligence system from an announcement published by the issuer. It has not been independently researched, verified, or edited by a journalist, and no person holds editorial responsibility for its wording.

The issuer named in this article has not paid for this page and has no commercial relationship with its publisher. This is an unpaid evaluation preview produced from announcements the issuer published publicly, and it is not independent editorial coverage.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Ask about this announcement

Answers drawn only from this announcement

Reading the announcement…