What drilling programme is planned?

The release states that 1,200 m of large diameter (HQ) core drilling is planned across 15 drill holes. The drilling is intended to test stacked extensional quartz-gold-tourmaline-pyrite vein packages along known shear zones, including geometries not previously drilled.

How were the drill targets developed?

The targets were defined using the company’s summer 2025 field work and prospecting results, public data releases from the directly adjacent Valentine Mine, newly re-interpreted IP geophysics and historical work. The company also says that optical televiewer work, drone orthophotos and survey-grade vein mapping refined target confidence.

What geological areas and features will the drilling test?

The release identifies the Elm, Alder and Cedar Zones, where historical trenching and drilling returned significant gold grades from shear-hosted veins. It says re-interpretation indicates that the highest gold endowment occurs in oblique extensional vein sets cross-cutting the main shears. Drill setups will target southwestward at shallower angles relative to historic drilling, and post-drilling optical televiewer surveys are intended to support 3D structural and vein modelling.

Does the release establish that the Wilding Project contains economic gold mineralisation?

No such conclusion is established in the release. The company describes the targets as having potential for high-grade gold hosted in quartz vein systems, but the release also states that previously reported drill results and rock grab samples are not necessarily representative of mineralisation that may be hosted on the property. Reported rock-sample grades should be considered indicative of the presence of mineralisation, not as an average grade.

What caution applies to comparisons with adjacent properties?

The qualified person has been unable to verify information concerning the characterisation of mineralisation on other projects on the Valentine Lake Shear zone. The release states that this information may not necessarily be indicative of mineralisation on the Wilding property, including comparisons with the adjacent Valentine Mine.

What risks and uncertainties does Canterra identify?

The release identifies risks associated with possible accidents and other mineral exploration operations, unanticipated geological factors, obtaining permitting and other governmental clearances, raising sufficient funds to carry out business plans, and political uncertainties or regulatory or legal changes. It states that forward-looking statements may prove inaccurate, that actual results and future events could differ materially, and that readers should not place undue reliance on them.

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Canterra Minerals Begins Drilling at Wilding Gold Project in Newfoundland

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Canterra Minerals Corporation

FSE:DXZB
OTCQB:CTMCF
TSXV:CTM

Canterra Minerals Begins Drilling at Wilding Gold Project in Newfoundland

Published Monday, 03 November 2025, 09:00 AM

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Company: Canterra Minerals Corporation
Listings: FSE:DXZB, OTCQB:CTMCF, TSXV:CTM
Published: Monday, 03 November 2025, 09:00 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 commencement of a drilling program at its Wilding Gold Project in Newfoundland.

On November 3, 2025, Canterra said drilling had commenced, with 1,200 m of large-diameter (HQ) core drilling planned across 15 drill holes.
The program will test stacked extensional quartz-gold-tourmaline-pyrite vein packages along known shear zones, including geometries not previously drilled.
Targets lie along a 55 km gold-bearing corridor that also hosts deposits at Equinox Gold’s Valentine Mine.
Target definition used summer 2025 field work, reinterpreted IP geophysics, historical work, optical televiewer data, drone orthophotos and survey-grade vein mapping.
The qualified person could not verify Valentine Lake Shear-zone mineralization; samples may not represent Wilding, and grades indicate presence, not average grade.

Canterra said it may receive financial support from Newfoundland and Labrador’s Junior Exploration Assistance Program for its 2025 exploration programs.

Investor FAQs

Canterra Minerals Corporation has announced that drilling of new high-grade gold targets at its Wilding Gold Project in Newfoundland has commenced. The company is identified in the release as TSXV: CTM, OTCQB: CTMCF and FSE: DXZB.

Source announcement

Company: Canterra Minerals Corporation
Title: Canterra Minerals Announces Commencement of Drilling on the Wilding Gold Project, Newfoundland
Published: Monday, 03 November 2025, 09:00 AM
Source site: valuethemarkets.com

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