Canter Acquires Key Central Claims at Columbus, Reports Highest Boron Grades To-date and Provides Targeting Update
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 ha ampliato il proprio Progetto Litio-Boro di Columbus vicino a Tonopah, Nevada, acquisendo ulteriori 2.224 acri (9 chilometri quadrati). L'acquisizione include una zona di litio precedentemente perforata che ha mostrato concentrazioni fino a 95,9 mg/L nelle salamoie.
I recenti risultati della fase II dei sedimenti hanno rivelato le più alte concentrazioni di boro fino ad oggi, raggiungendo valori di 5.920 ppm e 6.140 ppm. L'area recentemente acquisita colma il divario tra i gruppi di concessioni settentrionale e meridionale e fornisce una copertura completa dell'anomalia HSAMT. Un foro di perforazione storico (CSM17-01) nell'area ha mostrato risultati significativi, inclusa una sezione di 80 piedi con concentrazioni di litio fino a 95,9 mg/L, con una media di 81 mg/L, insieme a un massimo di 1.100 mg/L di boro e 3.670 mg/L di potassio.
Canter Resources ha expandido su Proyecto de Litio-Boro de Columbus cerca de Tonopah, Nevada, al adquirir 2.224 acres adicionales (9 kilómetros cuadrados). La adquisición incluye la cobertura de una zona de litio perforada previamente que mostró concentraciones de hasta 95.9 mg/L en salmueras.
Los recientes resultados de sedimentos de la Fase II revelaron las concentraciones de boro más altas hasta la fecha, alcanzando 5,920 ppm y 6,140 ppm. El área recién adquirida cierra la brecha entre los grupos de reivindicación del norte y del sur y proporciona una cobertura completa de la anomalía HSAMT. Un pozo de perforación histórico (CSM17-01) en el área mostró resultados significativos, incluida una sección de 80 pies con concentraciones de litio de hasta 95.9 mg/L, promediando 81 mg/L, además de hasta 1,100 mg/L de boro y 3,670 mg/L de potasio.
Canter Resources는 네바다 주 토노파 근처에 있는 콜럼버스 리튬-붕소 프로젝트를 2,224에이커(9 제곱킬로미터)를 추가로 인수하여 확장했습니다. 이번 인수는 95.9 mg/L까지의 농도를 보인 이전에 굴착된 리튬 지역을 포함합니다.
최근 II 단계의 침전물 결과는 현재까지 가장 높은 붕소 농도를 나타내며, 5,920 ppm 및 6,140 ppm에 도달했습니다. 새롭게 인수한 지역은 북부 및 남부 권리 그룹 간의 격차를 메우고 HSAMT 이상 현상의 완전한 커버리지를 제공합니다. 이 지역의 역사적인 굴착 홀(CSM17-01)은 95.9 mg/L까지의 리튬 농도가 포함된 80피트 섹션을 포함하여 상당한 결과를 보였습니다. 평균 81 mg/L와 최대 1,100 mg/L의 붕소, 3,670 mg/L의 칼륨이 포함되었습니다.
Canter Resources a élargi son Projet Lithium-Bore de Columbus près de Tonopah, Nevada, en acquérant 2.224 acres supplémentaires (9 kilomètres carrés). L'acquisition comprend une zone de lithium déjà forée qui a montré des concentrations allant jusqu'à 95,9 mg/L dans les saumures.
Les résultats récents de la phase II des sédiments ont révélé les plus fortes concentrations de bore à ce jour, atteignant 5.920 ppm et 6.140 ppm. La nouvelle zone acquise comble l'écart entre les groupes de revendications nord et sud et fournit une couverture complète de l'anomalie HSAMT. Un trou de forage historique (CSM17-01) dans la région a montré des résultats significatifs, y compris une section de 80 pieds avec des concentrations de lithium allant jusqu'à 95,9 mg/L, une moyenne de 81 mg/L, en plus de jusqu'à 1.100 mg/L de bore et 3.670 mg/L de potassium.
Canter Resources hat sein Columbus Lithium-Boron-Projekt Nähe Tonopah, Nevada, durch den Erwerb von zusätzlichen 2.224 Acres (9 Quadratkilometer) erweitert. Der Erwerb umfasst eine zuvor gebohrte Lithiumzone, die Konzentrationen von bis zu 95,9 mg/L in Salzwässern zeigte.
Die aktuellen Ergebnisse der Phase II der Sedimente haben die bisher höchsten Bor-Konzentrationen offenbar, die 5.920 ppm und 6.140 ppm erreichen. Das neu erworbene Gebiet schließt die Lücke zwischen den nördlichen und südlichen Anspruchsgruppen und bietet eine vollständige Abdeckung der HSAMT-Anomalie. Ein historisches Bohrloch (CSM17-01) in der Gegend zeigte signifikante Ergebnisse, darunter einen 80-Fuß-Abschnitt mit Lithiumkonzentrationen von bis zu 95,9 mg/L, im Durchschnitt 81 mg/L, sowie bis zu 1.100 mg/L Bor und 3.670 mg/L Kalium.
- Acquisition of 2,224 additional acres expanding project coverage
- Highest boron concentrations recorded (up to 6,140 ppm) in Phase II drilling
- Historical drill hole showing significant lithium (95.9 mg/L), boron (1,100 mg/L), and potassium (3,670 mg/L) concentrations
- Complete coverage of HSAMT anomaly achieved through consolidation
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - Canter Resources Corp. (CSE:CRC) (OTC Pink: CNRCF) (FSE: 601) ("Canter" or the "Company") is pleased to announce that the Company has acquired an additional 2,224 acres within the central part of the Columbus Lithium-Boron Project ("Columbus" or the "Project"), located near Tonopah, Nevada. This consolidation of key mineral claims expands the Project's area by 9 square kilometres with the Company now having full coverage of the underlying geophysical anomalies (see Figure 1) and a previously drilled (2017) lithium zone that returned lithium concentrations in brines of up to 95.9 mg/L.
The consolidation of this ground covers an area immediately north of notable 2024 drill results that demonstrated clear trends for increasing boron concentrations in brines and increasing lithium grades in both brines and clays. The latest Phase II sediment results were collected from the bottom five feet of the drill holes and returned the two highest boron concentrations in sediments (5,920 ppm and 6,140 ppm) collected during 2024. While the Company is pursuing a lithium-boron enriched brine deposit, these highly encouraging sediment results provide additional geochemical data to inform brine targets for future phases of drilling.
"We have been monitoring the status of these claims very closely for more than a year and are very pleased to consolidate this ground, which bridges the gap between our northern and southern claim groups and adds a highly prospective drill target to incorporate into our exploration plans," stated Canter CEO, Joness Lang. "Our technical team is nearing completion of a fully integrated and updated 3D model that incorporates all 2024 assay results and property wide geophysics and structure to underpin the next phase of deeper drilling at Columbus."
Figure 1: Consolidated claims outlined in green with 2024 shallow drilling locations and historical (2017) lithium zone and select Phase I-II results highlighted with full MT (Magnetotelluric) anomaly shown.
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Canter's 2024 shallow drilling campaigns outlined an anomalous lithium brine target area within the southern part of the property and returned strong and increasing boron concentrations trending north onto the recently consolidated ground that bridges the gap between the Company's northern and southern claim groups. The acquisition of these claims not only provides complete coverage of the highly conductive HSAMT (Hybrid Source Audio Magnetotelluric) anomaly (see Figure 1 above), but also includes coverage of a historical drill hole that returned the highest known lithium concentrations in brines drilled to-date at the Project.
A lithium-rich zone, starting at approximately 79.3 metres downhole, was encountered in drill hole CSM17-01, completed by Mantle Minerals (formerly Caeneus Minerals) in 2017. The upper zone from that historical drill hole returned an 80-foot (24.38 metre) section exhibiting lithium concentrations up to 95.9 mg/L within a 20-foot (6.1 metre) section, with an average lithium level of 81 mg/L. This zone showcases a significant lithium-bearing aquifer at shallow depths, making it an attractive early target for further exploration that can now be incorporated into the Company's next phase of drilling at Columbus. The reported assay results from this zone also returned up to 1,100 mg/L boron and 3,670 mg/L potassium, both of which continue to demonstrate the multi-commodity potential at the Project.
The results from drilling completed by previous operators are historical in nature and the Company is only treating this information as relevant from a targeting perspective. Historical data from the newly acquired ground will be incorporated into the Company's 3D model and used to support drill targeting, which is expected to include a drill hole in the vicinity of CSM17-01.
With full control of the HSAMT anomaly, the Company can strategically target the most favourable structural traps, interpreted as enriched brine reservoirs, within this conductive zone. The new claims have been integrated into the Company's comprehensive 3D geological model, and Canter is well-positioned to prioritize high-value targets for Phase III exploration throughout the consolidated property package, significantly elevating the potential for discovering lithium and boron mineral resources.
Final Solid Assays from Phase II Shallow Drilling
The Company submitted solid samples for approximately five (5) foot intervals of sediments at the bottom of each of the Phase II drillholes (5 holes). The limited and selective assaying of the sediments from Phase II compliments the more thorough sediment dataset generated from Phase I and continues to reflect the broader geochemical framework of the system.
The final solid assays from Phase II returned the highest boron values (up to 6,140 ppm B) in sediments from 2024 drilling at the Project. These boron concentrations, identified in conjunction with lithium (up to 709 ppm Li in Phase I and 570 ppm in Phase II) and continued anomalous potassium levels, provide further confirmation of the multi-commodity potential of the basin and indicate a robust long-lived mineralizing process, pointing to the potential for brines to recharge over time.
Notes: Samples were taken from the final 1-2 metres of each vertical hole and therefore represent true depth.
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Summary and Next Steps
The work completed to date at the Columbus Lithium-Boron Project has been instrumental in advancing the Company's understanding of this highly prospective mineralized system. The integration of historical data with recent exploration results, including the highest boron and lithium concentrations this year, has provided a comprehensive geochemical framework that underscores the Project's multi-commodity potential. The brines represent the most accessible component of the mineralized system at Columbus and are the Company's primary mineral targets. Together, the solid and brine values reinforce the concept of a dynamic, interconnected mineralized system with all geochemical data contributing to the Company's geological model. The modeling and targeting work is nearing completion and sets the stage for a strategic exploration program that not only aims to expand known occurrences but also targets the deeper structural traps where the most significant enrichment is expected to occur.
The newly expanded Project area, with complete coverage of the MT anomaly and the strongest lithium in brine concentration from drilling to-date at Columbus, elevates the exploration potential at the Project.
For more information about boron and lithium, please visit the Company's Boron 101 and Lithium 101 pages on the website.
Quality Assurance / Quality Control (QA/QC)
Sediment samples are analyzed by ALS using the Analysis Method ME-ICP61, a four-acid digestion with ICP-AES finish. This method, while acquiring near-total values, may not quantitatively extract all elements in some sample matrices. It is suitable for intermediate-level lithium analysis in the exploration of Li-bearing sediments. To address boron loss during the four-acid digestion process, the Company includes the analysis of a single acid digestion (B-ICP41) to retain boron values. The Company is implementing a QA/QC protocol for sediment sampling to include Li and B CRMs sourced from Shea Clark Smith/MEG, Inc. and blank material.
Qualified Person (QP)
The technical information contained in this news release was reviewed and approved by Eric Saderholm P.Geo, Director and Technical Advisor of Canter Resources, a Qualified Person (QP), as defined under National Instrument 43- 101 - Standards of Disclosure for Mineral Projects.
About Canter Resources Corp.
Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment and plans to leverage the Company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the technology and domestic clean energy supply chains in North America.
For further information contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
jlang@canterresources.com
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
investors@canterresources.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's plans for the Project and the payments related thereto, the issuance of the Consideration Shares and the Company's expected exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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FAQ
What was the size of Canter Resources' recent land acquisition at Columbus Project?
What are the highest boron concentrations found in Phase II drilling at Columbus?
What were the lithium concentrations found in the historical drill hole CSM17-01?
What additional minerals were found besides lithium in the Columbus Project?
