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Canterra Minerals Corporation
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Canterra Reports Copper-Equivalent Intersections at Clementine Prospect in Newfoundland
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Announcement Summary
Canterra Minerals Corporation (TSXV:CTM) (OTCQB: CTMCF) (FSE:DXZB) announced first drill results from the Clementine Prospect, part of its Buchans Project.
- Hole H-25-3546 returned 1.72% CuEq over 16.0 m from 271.6m depth, including 3.15% CuEq over 2.0 m.
- Hole H-25-3545 returned 2.64% CuEq over 3.0m from 332m depth, including 4.02% CuEq over 1.0 m. CuEq calculations use metal prices as of September 16, 2025.
- The company said the two holes tested extensions of historic drilling and demonstrated true mineralized thickness exceeding 10 metres in H-25-3546.
- The Clementine Prospect is part of Canterra’s 100% owned Buchans Project, 4 kilometres northwest of its Lundberg Deposit and the past-producing Buchans Mine.
- Canterra mobilized a second drill rig for the ongoing 10,000-metre Buchans Project drill program; Canterra said the program will also test other high-priority targets.
- Canterra is planning immediate follow-up drilling to test mineralization continuity and extent, focusing on Clementine South and untested 3DIP targets with strong chargeability response anomalies.
True widths are estimated at ~80-90% of reported core lengths; results include gold and silver credits.
Investor FAQs
Canterra Minerals Corporation reported its first drill results from the Clementine Prospect, part of its 100% owned Buchans Project in the Central Newfoundland Mining District. The results included 1.72% CuEq over 16.0 m in hole H-25-3546 from 271.6m depth, including 3.15% CuEq over 2.0 m, and 2.64% CuEq over 3.0m in hole H-25-3545 from 332m depth, including 4.02% CuEq over 1.0 m.
The release says the drilling extended known high-grade, Buchans-style mineralisation and confirmed significant grades at the margin of historic mineralisation. It also says the results coincide with a large, untested chargeability anomaly identified by a recently completed deep-penetrating 3D IP survey. True widths are estimated to be ~80-90% of reported core lengths.
The Clementine Prospect is located 4 kilometres northwest of Canterra’s Lundberg Deposit and the past-producing Buchans Mine. The Buchans Project is located 50 kilometres north of Equinox Gold’s Valentine Gold Mine and 34 km northwest of Teck’s past producing Duck Pond Mine. The project is a brownfield project covering 95 km² near the town of Buchans.
Canterra says it is planning immediate follow-up drilling to test the continuity and extent of mineralisation at the Clementine Prospect, with a focus on the Clementine South area. The Company’s ongoing 10,000-metre drill program will also continue to test other high-priority targets across the wider Buchans Project. The release says a second drill rig has been mobilised to site.
The release states that Copper Equivalents were based on total contained copper, zinc, lead, silver and gold and metal prices as of September 16, 2025. The stated prices were Cu - US$4.54/lb, Zn - US$1.35/lb, Pb - US$0.88/lb, Ag - US$42.55/oz and Au - US$3692.80/oz. The stated recoveries to concentrate were 90.41% Zn, 91.32% Pb, 91.14% Cu, 32.12% Au & 72.87% Ag.
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 actual results and future events could differ materially from forward-looking statements and that readers should not place undue reliance on them.
The release identifies Canterra Minerals Corporation as (TSXV:CTM), (OTCQB: CTMCF) and (FSE:DXZB).
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