Where are the reported drill results located?

The Pumphouse target is reported to be 800 metres northeast of Canterra's Buchans Lundberg Deposit and the past producing Buchans Mine, within the Buchans Project in Newfoundland's Central Mining District. The project spans 95 km² near the town of Buchans.

What is the status of the Phase II drilling programme?

The company said Phase II drilling has commenced. Two new drill targets generated from the first results of the 3DIP Array surveys are currently being drilled, while the results of the remaining two-thirds of the survey are pending. Canterra said approximately 8,000 metres of drilling will be dedicated to testing new 3DIP targets across the project.

Which Phase II targets are being drilled?

At the Oriental Area, drilling is targeting a 3DIP anomaly at less than 200 m depth and ~200 m northwest of the former Oriental Mine. At the Sandfill Area, drilling is targeting a 3DIP anomaly at a depth less than 250 m and ~600 m northwest of the Sandfill transported breccia sulphide prospect.

What does the company say about the Pumphouse mineralisation and future drilling?

Canterra said the results confirm that the Pumphouse target is structurally bound by major features in both the hanging wall and footwall, with the zone remaining open and untested down plunge to the northwest. The company described this area as a priority for future drilling. These statements concern potential future exploration and are subject to the risks and uncertainties described in the release.

What are the main risks and uncertainties identified in the release?

The release identifies risks associated with possible accidents and other mineral exploration operations, unanticipated geological factors, the company not securing permitting and other governmental clearances, and not raising sufficient funds to carry out its business plans. It also identifies political uncertainties and regulatory or legal changes that might interfere with the company's business and prospects. The release states that actual results and future events could differ materially from forward-looking statements.

Where is Canterra Minerals listed?

The release identifies Canterra Minerals Corporation as listed on the TSXV under TSXV:CTM, on the OTCQB under OTCQB: CTMCF, and on the FSE under FSE:DXZB.

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Canterra Minerals Corporation

FSE:DXZB
OTCQB:CTMCF
TSXV:CTM

Canterra Minerals Reports Pumphouse Drill Results and Starts Phase II at Buchans

Published Wednesday, 09 July 2025, 12:18 PM

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Company: Canterra Minerals Corporation
Listings: FSE:DXZB, OTCQB:CTMCF, TSXV:CTM
Published: Wednesday, 09 July 2025, 12:18 PM
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) reported three Pumphouse drill holes and began Phase II drilling at its Buchans Project.

Hole H-25-3536 returned 4.07% CuEq over 4.20 m, including 12.04% CuEq over 1.20 m from 297 m depth.
Hole H-25-3534 returned 6.66% CuEq over 2.35 m, including 11.48% CuEq over 1.05 m from 294 m depth.
Hole H-25-3535 returned 6.35% CuEq over 0.26 m from 333 m depth.
The Pumphouse target is 800 m northeast of the Buchans Lundberg Deposit and past-producing Buchans Mine.
Phase II drilling is testing two 3DIP targets: Oriental, less than 200 m deep, and Sandfill, less than 250 m deep.
Results from the remaining two-thirds of the 3DIP survey are pending; the company said the zone remains untested down plunge northwest.
The company said approximately 8,000 metres will test new 3DIP targets. It is seeking orebodies comparable to those that established Buchans as a VMS camp.

The release says the project is 95 km² and includes the past-producing Buchans Mine and undeveloped Lundberg deposit.

Investor FAQs

Canterra Minerals reported three drill holes with copper-equivalent intercepts of 4.07% CuEq over 4.20 m, including 12.04% CuEq over 1.20 m from 297 m depth in drillhole H-25-3536; 6.66% CuEq over 2.35 m, including 11.48% CuEq over 1.05 m from 294 m depth in H-25-3534; and 6.35% CuEq over 0.26 m from 333m depth in H-25-3535. The company said all three holes intersected mineralisation.

Source announcement

Company: Canterra Minerals Corporation
Title: Canterra Minerals Drills 4.07% CuEq over 4.20 m 800 m northeast of the Buchans Lundberg Deposit and begins Phase 2 Drill Program
Published: Wednesday, 09 July 2025, 12:18 PM
Source site: valuethemarkets.com

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