Welcome to our dedicated page for Canter Resources news (Ticker: CNRCF), a resource for investors and traders seeking the latest updates and insights on Canter Resources stock.
Canter Resources Corp. is a Canadian junior mineral exploration company focused on advancing the Columbus Lithium-Boron Project in Nevada, USA, and the Beaver Creek Lithium Property in Montana, USA. The company is currently conducting a Phase I exploration campaign at Columbus to explore a highly prospective lithium-brine target. The ongoing Geoprobe drill program has yielded valuable data, showcasing boron and lithium enrichment in shallow brines and clays, hinting at the potential multi-commodity significance of the site. With a phased drilling approach, Canter aims to define mineral resources that support North America's clean energy supply chain.
Canter Resources (CSE: CRC, OTC: CNRCF) has engaged Sunstone Environmental Solutions, a Nevada-based environmental consulting firm, to assist with submitting an amended Notice of Intent (NOI) to the Bureau of Land Management (BLM) for its Columbus Lithium-Boron Project.
The amendment is necessary to include additional drill sites that were identified through Canter's recent 3D modeling work from January 3, 2025. Sunstone will also provide support for any additional permitting requirements as the project advances.
According to CEO Joness Lang, shallow drilling, project consolidation, and updated 3D modeling have revealed new high-priority targets that were not previously identified or permitted, representing an opportunity to better understand the mineralized zones and resource potential at Columbus.
Canter Resources has completed an updated 3D geological and geophysical model for its Columbus Lithium-Boron Project near Tonopah, Nevada. The comprehensive model covers approximately 24,000 acres and incorporates multiple data sources including seismic surveys, hybrid-source audio-magnetotellurics (HSAMT), and gravity and magnetics datasets.
The model identifies three key zones: a brine generation zone with confirmed anomalous values of up to 871 mg/L boron and 76.4 mg/L lithium, structural pathways for brine migration, and structural-lithologic traps. The seismic surveys, covering 11.1-line kilometres, revealed major fault zones and basin architecture to depths exceeding 10,000 feet. HSAMT surveys mapped resistivity variations across 46 kilometres, providing insights into fluid distribution.
The company is currently submitting an amended NOI with the BLM and additional borehole permits with the Nevada Division of Minerals for upcoming drilling operations.
Canter Resources has expanded its Columbus Lithium-Boron Project near Tonopah, Nevada by acquiring an additional 2,224 acres (9 square kilometers). The acquisition includes coverage of a previously drilled lithium zone that showed concentrations up to 95.9 mg/L in brines.
Recent Phase II sediment results revealed the highest boron concentrations to date, reaching 5,920 ppm and 6,140 ppm. The newly acquired area bridges the gap between northern and southern claim groups and provides complete coverage of the HSAMT anomaly. A historical drill hole (CSM17-01) in the area showed significant results, including an 80-foot section with lithium concentrations up to 95.9 mg/L, averaging 81 mg/L, along with up to 1,100 mg/L boron and 3,670 mg/L potassium.
Canter Resources has amended agreements for its Columbus Lithium-Boron Project, deferring cash payment obligations to focus on discovery drilling. The amendments provide financial flexibility with only a USD$30,000 payment due by November 2025 until May 2026. The company will issue 500,000 additional shares to Option partners and commits to drilling an additional 2,500 feet by November 2026, including one hole to at least 1,500 feet depth. A future 600,000 share issuance has been deferred to November 2026.
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.
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