CANTER RES CORP - CNRCF STOCK NEWS

Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) has completed the acquisition of the Railroad Valley claims (RV Project) in Nevada, expanding its lithium-boron exploration footprint. The RV Project is contiguous with ground controlled by 3 Proton Lithium, the most active critical mineral explorer in the area. Canter plans to conduct follow-up sampling at the RV Project in Q4/2024.

The Railroad Valley presents a geologically favorable environment for lithium-boron exploration due to key features such as Paleozoic and Tertiary rock units, volcanic calderas, and ideal basin characteristics. CEO Joness Lang stated that while the company's primary focus remains on the Columbus Project, this strategic acquisition strengthens their portfolio and aligns with their long-term growth strategy.

Canter Resources Corp. (CSE: CRC, OTC: CNRCF, FSE: 601) has announced promising results from Phase II drilling at its Columbus Lithium-Boron Project near Tonopah, Nevada. The drilling revealed consistent lithium and boron concentrations across a widespread area, enhancing the project's potential for significant development. Notable findings include:

• Highest boron concentration: 871 mg/L total and 820 mg/L dissolved.
• Widespread anomalous lithium mineralization up to 76.4 mg/L.
• Potential for higher-grade lithium brines at depth based on structural similarities to Clayton Valley.

The results support the hypothesis of higher lithium grades at depth and extend the lithium-bearing footprint significantly. Geophysical data highlights structural traps and low-resistivity zones favorable for brine accumulation, which will guide Phase III exploration targeting deeper aquifers.

Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) has acquired a 1,000-acre property in Railroad Valley, Nevada, known as the RV Project. This acquisition expands Canter's lithium-boron brine portfolio in a promising, underexplored region. The RV Project shares geological similarities with the productive Clayton Valley but is significantly larger. Historic soil samples from the site returned 150-280 ppm lithium, while recent sampling by Canter showed up to 160 ppm lithium and 610 ppm boron. The acquisition terms include issuing 300,000 Canter common shares to Ramp Metals Inc. and a 0.5% NSR to Ramp Metals USA Inc. The transaction is expected to close on September 19, 2024, subject to regulatory approval.

Canter Resources (OTC Pink: CNRCF) has successfully completed Phase II of its Geoprobe drilling at the Columbus Lithium-Boron Project in Nevada. The deepest hole, CB24-010G, reached 124 feet, identifying three distinct aquifer zones. This extends the exploration footprint to 2.91 km north from Phase I.

Significant findings include the continuity of a halite marker bed, indicating stable past brine activity, and the successful collection of brine samples from five drill holes. The exploration confirmed brine zones extending over 750 meters west and 500 meters east of the original grid. The Phase II program was completed approximately 60% under budget.

CEO Joness Lang noted that the collected data would guide future work, and assay results are expected in the upcoming months.

Canter Resources has begun its Phase II drill program at the Columbus Lithium-Boron Project near Tonopah, Nevada. The program includes up to 10 Geoprobe drill holes, utilizing updated drills and tools to test a third aquifer zone and demonstrate lateral continuity between previous drill grids. The aim is to further explore the multi-commodity mineral resource potential for lithium and boron. Initial brine results are expected in Q3, with sediment and multi-element analysis results in early Q4. This phase will provide data for an updated NI-43-101 Technical Report and a 3D model, aiding in future drilling targets. The outcomes will be shared starting September.

Canter Resources has provided an update on its Columbus Lithium-Boron Project near Tonopah, Nevada. Key achievements include:

• Strategic acquisition of Altitude Ventures and financing of CAD $3.5M
• Strengthened corporate and technical teams
• Secured critical water rights and key permits for drilling
• Acquired and reinterpreted historical geochemical and geophysical data
• Created a 3D geological model
• Expanded project footprint and completed Phase I 15-hole drill campaign

Results validated widespread lithium and boron mineralization. Upcoming milestones include the initiation of Phase II drilling in mid-August 2024, with results expected in Q3 and Q4 2024. The company also aims to complete a NI-43-101 Technical Report by H2 2024 and explore potential partnerships to accelerate exploration work.

Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) has reported final drill results from its Phase I program at the Columbus Lithium-Boron Project in Nevada. Key highlights include:

• Peak values of 840 ppm lithium and 4,700 ppm boron from solid samples
• Discovery of two distinct shallow aquifers less than 100 ft deep
• Increasing grade trends with depth, suggesting potential for higher-grade brines at deeper levels
• Widespread lithium and boron mineralization starting from surface
• Validation of geophysical and historical data

The company plans to commence Phase II drilling in mid-August to build on these successful results. The findings support the project's mineral resource potential and align with the company's geological model.

Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) has engaged Cascade Drilling LP for Phase II drilling at its Columbus Lithium-Boron Project near Tonopah, Nevada. The program, set to begin on August 12, 2024, will include approximately 10 holes targeting a third aquifer zone below 100 feet. Objectives include demonstrating lateral continuity between Phase I grids, testing regional discovery targets, and assessing near-surface boron mineralization potential.

The Phase II program will use Geoprobe drill rig technology with greater depth capabilities. It aims to enhance precision of deeper lithium targeting and establish preliminary direct extraction considerations. Brine results are expected before the end of Q3/2024. The company is employing a science-driven approach to potentially define near-surface mineral resources and guide future deeper drilling efforts.

Canter Resources Corp. (CSE: CRC, OTC Pink: CNRCF, FSE: 6O1) released additional brine assay results from its Phase I shallow Geoprobe drill program at the Columbus Lithium-Boron Project near Tonopah, Nevada.

The highest boron and lithium concentrations recorded so far include 3,140 mg/L B and 76.4 mg/L Li. The results indicate significant lateral continuity of enriched brines over 5 km west of the central grid.

Six new assays from depths greater than 55 feet show an average of 558 mg/L B, with maximum values of 651 mg/L. The preliminary findings support the company's geochemical model, emphasizing shallow boron precipitation and deeper lithium concentration.

A follow-up Phase II program comprising 10 holes is planned. The project aims to exploit the strategic importance of boron and lithium, essential in high-tech and clean energy applications.