Canter Resources Commences Phase II Drill Program at Columbus Lithium-Boron Brine Project
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 ha avviato il suo programma di perforazione Fase II presso il Progetto Litio-Boro di Columbus vicino a Tonopah, Nevada. Il programma prevede fino a 10 pozzi di perforazione Geoprobe, utilizzando attrezzature e strumenti aggiornati per testare una terza zona acquifera e dimostrare la continuità laterale tra le griglie di perforazione precedenti. L'obiettivo è esplorare ulteriormente il potenziale delle risorse minerarie multicommodità per litio e boro. I risultati iniziali delle saline sono attesi per il terzo trimestre, con i risultati di analisi dei sedimenti e multi-elemento all'inizio del quarto trimestre. Questa fase fornirà dati per un aggiornato rapporto tecnico NI-43-101 e un modello 3D, aiutando nella definizione dei futuri obiettivi di perforazione. I risultati saranno condivisi a partire da settembre.
Canter Resources ha comenzado su programa de perforación Fase II en el Proyecto de Litio-Boro de Columbus cerca de Tonopah, Nevada. El programa incluye hasta 10 perforaciones Geoprobe, utilizando taladros y herramientas actualizadas para probar una tercera zona acuífera y demostrar la continuidad lateral entre las cuadrículas de perforación anteriores. El objetivo es explorar aún más el potencial de recursos minerales multicommodidad para litio y boro. Se esperan resultados iniciales de salmuera en el tercer trimestre, con resultados de análisis de sedimentos y elementos múltiples a principios del cuarto trimestre. Esta fase proporcionará datos para un informe técnico NI-43-101 actualizado y un modelo 3D, ayudando en la definición de futuros objetivos de perforación. Los resultados se compartirán a partir de septiembre.
Canter Resources는 네바다주 토노파 근처의 콜럼버스 리튬-붕소 프로젝트에서 2단계 시추 프로그램을 시작했습니다. 이 프로그램은 최대 10개의 Geoprobe 시추홀을 포함하며, 업데이트된 드릴과 도구를 활용하여 세 번째 수원층을 시험하고 이전 시추 그리드 간의 측면 연속성을 입증하는 데 사용됩니다. 목표는 리튬과 붕소에 대한 다중 자원 잠재력을 더 탐색하는 것입니다. 초기 염수 결과는 3분기에 예상되며, 퇴적물 및 다원소 분석 결과는 4분기 초에 나올 예정입니다. 이 단계에서는 업데이트된 NI-43-101 기술 보고서와 3D 모델을 위한 데이터를 제공하여 향후 시추 목표 설정에 도움을 줄 것입니다. 결과는 9월부터 공유될 예정입니다.
Canter Resources a lancé son programme de forage Phase II au Projet Lithiu-Bore de Columbus près de Tonopah, Nevada. Le programme comprend jusqu'à 10 forages Geoprobe, utilisant des foreuses et des outils mis à jour pour tester une troisième zone aquifère et démontrer la continuité latérale entre les réseaux de forage précédents. L'objectif est d'explorer davantage le potentiel minéral multi-matières pour le lithium et le bore. Les premiers résultats de saumure sont attendus au 3ème trimestre, avec les résultats des analyses de sédiments et multielements au début du 4ème trimestre. Cette phase fournira des données pour un rapport technique NI-43-101 mis à jour et un modèle 3D, aidant à définir les cibles de forage futures. Les résultats seront partagés à partir de septembre.
Canter Resources hat sein Phase II-Bohrprogramm im Columbus Lithium-Boron-Projekt in der Nähe von Tonopah, Nevada, begonnen. Das Programm umfasst bis zu 10 Geoprobe-Bohrlöcher, die aktualisierte Bohrgeräte und Werkzeuge nutzen, um eine dritte Aquiferzone zu testen und die laterale Kontinuität zwischen den vorherigen Bohrgrids nachzuweisen. Ziel ist es, das mehrfache Mineralressourcenpotenzial für Lithium und Bor zu erkunden. Erste Ergebnisse der Soleproben werden im dritten Quartal erwartet, während die Ergebnisse der Sediment- und Multielementanalysen Anfang des vierten Quartals vorliegen. Diese Phase wird Daten für einen aktualisierten NI-43-101 technischen Bericht und ein 3D-Modell liefern, die bei der Festlegung zukünftiger Bohrziele helfen sollen. Die Ergebnisse werden ab September geteilt.
- Phase II drill program initiation at Columbus Lithium-Boron Project.
- Testing of a third aquifer zone and lateral continuity.
- Initial brine results expected in Q3; sediment results in early Q4.
- Data will contribute to NI-43-101 Technical Report and updated 3D model.
- None.
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce that it has commenced a Phase II drill program at its Columbus Lithium-Boron Project ("Columbus" or the "Project"), located near Tonopah, Nevada.
The Phase II program is expected to include up to 10 Geoprobe drill holes and will use an updated drill rig model and tooling with the aim of testing a third aquifer zone below the depths of successful Phase I drilling, while also demonstrating lateral continuity between previous drill grids (5 kilometres apart) and testing additional regional targets to the east and north of previously completed drilling (see Figure 1).
"We are excited to have our second phase of drilling now underway at Columbus, which we expect will further demonstrate the near surface, multi-commodity mineral resource potential at Columbus," commented Canter CEO, Joness Lang. "The comprehensive combined dataset from our first two phases of drilling will allow us to map and profile the shallow aquifer zones at Columbus and provide valuable geochemical data for our 3D model and mineralization pattern analysis for both lithium and boron. We look forward to sharing Phase II drill results beginning in September."
Photo 1: Geoprobe drill arrives to Columbus in preparation for Phase II program
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10112/219865_66977ae4a4b859ce_001full.jpg
Initial Phase II brine results are expected beginning in Q3 with further sediment results and multi-element analysis expected in early Q4.
Figure 1: Plan Map showing Phase I completed and Phase II planned/proposed drill hole locations
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Results from this second phase of drilling will provide additional data for an NI-43-101 Technical Report for Columbus in addition to an updated 3D model - allowing the Company to finalize targets for future phases of drilling - before year-end.
For more information about boron and lithium, please visit the Company's Boron 101 and Lithium 101 pages on the website.
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 in Nevada, USA and the Beaver Creek Lithium Property in Montana, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219865
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