Where is the Buchans Project and what does it include?

The 100%-owned Buchans Project is in the Central Newfoundland Mining District, at the site of the past-producing Buchans Mine. The release places it approximately 50 kilometres north of Equinox Gold’s Valentine Gold Mine and 34 km northwest of Teck’s past producing Duck Pond Mine. The project covers 95 km2 and includes the past-producing Buchans Mine and the undeveloped Lundberg open pit resource.

What has the drilling added to the Two Level and Lundberg zones?

The latest drilling comprised 3 holes at approximately 50 m step-outs. The release states that the Two Level Zone mineralised footprint has expanded to approximately 200 m x 50 m, while the Lundberg stockwork zone has extended 80 m beyond the current Lundberg Resource. It also states that mineralisation remains open down plunge to the north and that the stockwork zone remains open and continues to expand at depth toward the northwest.

What are Canterra’s stated next steps?

Canterra states that it is planning follow-up drilling to test the continuity and extent of mineralisation at the Two Level Zone. The Company’s ongoing 8,000-metre drill programme at Buchans is also stated to continue testing other high-priority targets across the wider Buchans Project. These are planned exploration activities and are not reported as completed.

How were the reported assays and Copper Equivalent figures prepared?

Samples consisted of saw-cut NQ drill core, with one-half retained for reference and one-half submitted for analysis. Samples were analysed by SGS Canada using the procedures described in the release, with additional independent check assays submitted to ALS Geochemistry’s laboratory in Moncton New Brunswick. The release states that Copper Equivalent % was calculated using estimated recovered metal prices of September 16, 2025, and reports metal recoveries of 90.41% Zn, 91.32% Pb, 91.14% Cu, 32.12% Au and 72.87% Ag. True widths were estimated to be a ~90% of reported core lengths.

What risks and uncertainties does Canterra identify?

The release states that future results could differ materially from forward-looking statements. Identified risks include possible accidents and other risks associated with mineral exploration operations, unanticipated geological factors, the Company’s ability to secure permitting and other governmental clearances, the ability to raise sufficient funds to carry out its business plans, and political uncertainties or regulatory or legal changes. The release also states that readers should not place undue reliance on the forward-looking statements and information.

Where is Canterra Minerals Corporation listed?

The release identifies Canterra Minerals Corporation as listed on the TSXV:CTM, OTCQB: CTMCF and FSE:DXZB. It states that additional company information is available at www.canterraminerals.com.

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Canterra Reports 7.73% Copper Equivalent Intersection at Buchans Project

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Canterra Minerals Corporation

FSE:DXZB
OTCQB:CTMCF
TSXV:CTM

Canterra Reports 7.73% Copper Equivalent Intersection at Buchans Project

Published Wednesday, 19 November 2025, 12:20 PM

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Company: Canterra Minerals Corporation
Listings: FSE:DXZB, OTCQB:CTMCF, TSXV:CTM
Published: Wednesday, 19 November 2025, 12:20 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) announced step-out drilling results from its 100%-owned Buchans Project in Newfoundland.

The company completed three holes at approximately 50-meter step-outs, extending the Two Level Zone outside the Lundberg resource.
Results included 7.73% CuEq over 4.45 meters, containing 1.11% Cu, 11.38% Zn, 7.02% Pb, 125.5 g/t Ag and 1.24 g/t Au.
Another intersection returned 1.85% CuEq over 26.0 meters, extending the Lundberg stockwork zone 80 meters beyond its current resource.
At depth, the same hole returned 1.72% CuEq over 6 meters, containing 0.28% Cu, 3.36% Zn, 1.55% Pb, 8.6 g/t Ag and 0.12 g/t Au.
The Two Level Zone mineralized footprint is approximately 200 meters by 50 meters; the company said mineralization remains open down plunge to the north.
Canterra plans follow-up drilling at Two Level and will continue its ongoing 8,000-meter Buchans program to test other high-priority targets.

CuEq was calculated using estimated recovered metal prices as of September 16, 2025. Reported true widths are estimated at approximately 90% of core lengths.

Investor FAQs

Canterra Minerals Corporation reported step-out drilling results including 7.73% Copper Equivalent (“CuEq”) over 4.45 metres. It also reported 1.85% CuEq over 26.0 metres, extending the Lundberg stockwork zone 80 m beyond the current Lundberg Resource, and 1.72% CuEq over 6 m at depth. The reported grades are assay results and do not establish an economic mineral deposit.

Source announcement

Company: Canterra Minerals Corporation
Title: Canterra Intersects 7.73% Copper Equivalent Over 4.45 Metres at the Buchans Project, Newfoundland
Published: Wednesday, 19 November 2025, 12:20 PM
Source site: valuethemarkets.com

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