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Canterra Minerals Corporation

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Canterra Minerals Completes Buchans Drilling and Starts Wilding Geophysical Survey

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Announcement Summary

Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) completed Buchans drilling and initiated a Wilding airborne magnetic survey.

  • Canterra completed 8 diamond drill holes totaling 2,386 meters at Buchans; assay results are anticipated in Q2 2026.
  • The Buchans holes targeted West Clementine and Two Level / Lundberg for resource extension and infill; a Lundberg resource update is described as potential in Q4 2026 / Q1 2027.
  • At Wilding, 181 basal till percussion holes were completed along the 55 km Valentine structural trend; Canterra expects assay results in Q2–Q3 2026.
  • Canterra initiated a high-resolution airborne magnetic infill survey with 25 meter line spacing; completion and results are expected by the end of Q2 2026.
  • The survey targets the contact between the Valentine Lake Intrusive Suite and Rogerson Lake Conglomerate, identified by past work as a gold-mineralization marker.
  • Canterra is integrating data across six Victoria Lake Supergroup (VLSG) assets: Boomerang, Lemarchant, Long Lake, Tulks, Daniels Pond, and Bobby's Pond, to identify H2 2026 drill targets.

Canterra says exploration plans may require permits and other governmental clearances. Separately, it elected semi-annual reporting under Coordinated Blanket Order 51-933; its next interim statements and MD&A will cover six months ended June 30, 2026.

Investor FAQs

Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) completed winter diamond drilling at the Buchans Critical Minerals Project across 8 holes totalling 2,386 metres. It also completed 181 basal till percussion holes at the Wilding Gold Project and initiated a high-resolution airborne magnetic infill survey over a select target area.
The Buchans drilling targeted resource extension, infill and exploration. At the West Clementine Target, it was the first drill test of a multi-kilometre chargeability anomaly with stockwork mineralisation. At Two Level / Lundberg, resource extension and infill holes were designed to support a potential Lundberg resource update in Q4 2026 / Q1 2027.
The Company states that assay results from the Buchans winter drilling are anticipated in Q2 2026. Results from the Wilding basal till programme are expected in Q2–Q3 2026. The Company also states that completion and results from the airborne magnetic survey are expected by the end of Q2 2026. These are forward-looking statements, and the release says there can be no assurances that they will prove accurate and that actual results and future events could differ materially.
The basal till samples were collected beneath glacial overburden to vector towards concealed bedrock gold targets. The airborne magnetic survey is intended to delineate the contact between the Valentine Lake Intrusive Suite and the Rogerson Lake Conglomerate, which past work indicates is the primary geological marker for gold mineralisation in the corridor. The release states that mineralisation in the Finnish Shield is not necessarily indicative of mineralisation that may be found on Canterra’s properties.
Canterra is integrating historical drilling, geophysical surveys and geological mapping across six Victoria Lake Supergroup critical mineral deposits and prospects: Boomerang, Lemarchant, Long Lake, Tulks, Daniels Pond and Bobby's Pond. The stated objective is to identify expansion opportunities and new discovery targets ahead of H2 2026 diamond drilling. The release does not provide results from that planned drilling.
The Company 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 its business plans, and political uncertainties or regulatory and legal changes. It says forward-looking statements should not be relied on unduly because actual results and future events could differ materially.
Canterra has elected to participate in Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers. It will file interim financial reports and related management’s discussion and analysis on a semi-annual basis rather than quarterly, while continuing to file annual audited financial statements and meet timely disclosure requirements. The first reporting period covered by the exemption is the three-month period ended March 31, 2026, and the next interim financial statements and related MD&A will cover the six-months ended June 30, 2026.

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