Canter Resources Intersects Third Aquifer Zone at Columbus Lithium-Boron Project
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 (OTC Pink: CNRCF) ha completato con successo la Fase II della perforazione Geoprobe nel progetto di Litio-Boro di Columbus, in Nevada. Il foro più profondo, CB24-010G, ha raggiunto i 124 piedi, identificando tre distinte zone acquifere. Questo estende l'area di esplorazione a 2,91 km a nord rispetto alla Fase I.
I risultati significativi includono la continuità di un letto di marcatori di halite, che indica un'attività di salamoia stabile nel passato, e l'accurata raccolta di campioni di salamoia da cinque fori di perforazione. L'esplorazione ha confermato zone di salamoia che si estendono per oltre 750 metri a ovest e 500 metri a est della griglia originale. Il programma della Fase II è stato completato con un budget inferiore del 60%.
Il CEO Joness Lang ha sottolineato che i dati raccolti guideranno i lavori futuri, e i risultati delle analisi sono attesi nei prossimi mesi.
Canter Resources (OTC Pink: CNRCF) ha completado con éxito la Fase II de la perforación Geoprobe en el Proyecto de Litio-Boro de Columbus, en Nevada. El pozo más profundo, CB24-010G, alcanzó 124 pies, identificando tres zonas de acuífero distintas. Esto extiende el área de exploración a 2.91 km al norte de la Fase I.
Los hallazgos significativos incluyen la continuidad de una capa de marcador de halita, lo que indica una actividad de salmuera estable en el pasado, y la exitosa recolección de muestras de salmuera de cinco pozos de perforación. La exploración confirmó zonas de salmuera que se extienden más de 750 metros al oeste y 500 metros al este de la cuadrícula original. El programa de la Fase II se completó con un presupuesto aproximado del 60% menos.
El CEO Joness Lang destacó que los datos recolectados guiarán el trabajo futuro, y se esperan resultados de análisis en los próximos meses.
Canter Resources (OTC Pink: CNRCF)는 네바다의 콜럼버스 리튬-붕소 프로젝트에서 Geoprobe 드릴링의 2단계를 성공적으로 완료했습니다. 가장 깊은 구멍인 CB24-010G는 124피트에 도달하여 세 가지의 뚜렷한 지하수대 구역을 확인했습니다. 이는 탐사 범위를 1단계에서 북쪽으로 2.91km 확장합니다.
주요 발견 사항으로는 안정적인 과거 염수 활동을 나타내는 할라이트 마커 침대의 연속성과 다섯 개의 드릴 홀에서 염수 샘플을 성공적으로 수집한 것이 포함됩니다. 탐사 결과 원래 그리드에서 서쪽으로 750미터, 동쪽으로 500미터에 걸쳐 염수 구역이 확장된 것으로 확인되었습니다. 2단계 프로그램은 예산의 약 60%를 절감하여 완료되었습니다.
CEO Joness Lang은 수집된 데이터가 향후 작업을 안내할 것이라고 언급했으며, 분석 결과는 앞으로 몇 달 내에 예상됩니다.
Canter Resources (OTC Pink: CNRCF) a réussi à compléter la Phase II de son forage Geoprobe au projet lithium-bor de Columbus, dans le Nevada. Le trou le plus profond, CB24-010G, a atteint 124 pieds, identifiant trois zones aquifères distinctes. Cela étend l'empreinte d'exploration à 2,91 km au nord de la Phase I.
Les résultats significatifs incluent la continuité d'un lit de marqueur de halite, indiquant une activité de saumure stable dans le passé, et la collecte réussie d'échantillons de saumure provenant de cinq trous de forage. L'exploration a confirmé des zones de saumure s'étendant sur plus de 750 mètres à l'ouest et 500 mètres à l'est de la grille d'origine. Le programme de la Phase II a été achevé avec environ 60 % d'économies par rapport au budget initial.
Le PDG Joness Lang a noté que les données collectées guideraient les travaux futurs, et les résultats des analyses sont attendus dans les mois à venir.
Canter Resources (OTC Pink: CNRCF) hat erfolgreich Phase II seiner Geoprobe-Bohrung im Columbus-Lithium-Boron-Projekt in Nevada abgeschlossen. Das tiefste Loch, CB24-010G, erreichte 124 Fuß und identifizierte drei distincte Aquiferenzonen. Dies erweitert das Erkundungsgebiet auf 2,91 km nach Norden von Phase I.
Wesentliche Erkenntnisse umfassen die Kontinuität einer Halit-Marker-Schicht, die eine stabile frühere Salzlake-Aktivität anzeigt, und die erfolgreiche Sammlung von Salzlake-Proben aus fünf Bohrlöchern. Die Erkundung bestätigte Salzlake-Zonen, die sich über 750 Meter nach Westen und 500 Meter nach Osten des ursprünglichen Rasters erstrecken. Das Phase-II-Programm wurde mit einem Budget von etwa 60 % unter dem Plan abgeschlossen.
CEO Joness Lang wies darauf hin, dass die gesammelten Daten zukünftige Arbeiten leiten werden, und die Analyseergebnisse werden in den kommenden Monaten erwartet.
- Deepest hole CB24-010G reached 124 feet, identifying three aquifer zones.
- The project extended the exploration footprint 2.91 km north.
- Continuity of the halite marker bed suggests stable past brine activity.
- Successful brine sample collection from five drill holes.
- Confirmed brine zones extending over 750 meters west and 500 meters east of the Phase I grid.
- Phase II program was completed about 60% under budget.
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to report that it has completed Phase II Geoprobe drilling at its Columbus Lithium-Boron Project ("Columbus" or the "Project"), located near Tonopah, Nevada.
Geoprobe Phase II Program Highlights:
- Deepest Hole to Date: Hole CB24-010G reached the greatest depth of the two programs at 124 feet (37.8 metres), identifying three distinct aquifer zones. This hole is located 2.91 kilometres north of the northern-most hole from Phase I, extending the exploration footprint significantly (see Photo 1).
- Halite Bed Continuity: Multiple holes encountered the halite marker bed, indicating continuity across a notable strike length. This discovery is significant, as the presence of crystallized salts and borates points to past brine activity in the basin and provides evidence of basin stability during a mature phase of its geological cycle (see Photo 2).
- Brine and Water Sampling Success: The program resulted in successful collection of brine samples from all five holes, advancing the Company's ability to assess the subsurface chemistry and resource potential.
- Extended Brine Zones: The program encountered brine zones extending >750 metres west and >500 metres east of the Phase I central grid, further confirming the lateral extent of the brine-bearing formations (see Figure 1).
- Cost Savings: The Company achieved its primary objectives (i) collecting brine samples east and west of the original grid, (ii) reaching a third aquifer zone deeper than Phase I and (iii) collecting larger samples suitable for multi-element analysis with five (5) drill holes (instead of up to 10), with the program coming in approximately
60% under budget.
"We are pleased to have accomplished our primary objectives for a fraction of the planned Phase II budget, preserving capital for follow-up work that will be guided by an updated model that will benefit from the 20 drill holes and comprehensive geochemical dataset generated from these first two phases of drilling," commented Canter CEO, Joness Lang. "We expect brine assay results in September and select sediment assay results the following month."
Photo 1: Collecting brine sample from CB-24-010G at 124 feet (37.8 metres)
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Regional drill hole CB-24-010G was located nearly three (3) kilometres to the north of the northern-most drill hole location from Phase I. This Phase II drill hole reached the greatest depth of the Geoprobe campaigns with three brine samples collected at 44.9, 75.1 and 124 feet (13.7, 22.9 and 37.8 metres, respectively).
Photo 2: Halite material at approximately 100 feet (30 metres) from drill hole CB-24-040G
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Discovery of Halite/Borate Bed at Columbus Basin
The Phase II program encountered a halite bed in multiple drill holes (see Photo 2), with water samples collected immediately above the halite bed. The discovery of a thin halite/borate crystalline bed in shallow Geoprobe holes at the Columbus Basin sheds light on the region's geological processes and mineralization potential. This crystalline layer likely formed as ancient lake waters evaporated, leaving behind concentrated salts and minerals. Over time, the brine reached saturation levels, causing halite (sodium chloride) and borates to precipitate and form a crystalline bed. Subsequent sediment deposition preserved these layers, which were uncovered in recent drilling.
Implications for Lithium and Boron Exploration
This halite/borate bed indicates the presence of an evaporite environment, highly favorable for lithium and boron concentrations. The crystallization of salts and borates points to past brine activity in the basin, suggesting that similar lithiumenriched brines could be present at depth. Moreover, this bed can serve as a key stratigraphic marker, aiding in correlating geological units and refining exploration targets.
Figure 1: Plan view map showing Phase I and Phase II locations
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Brine assay results will be released once received, vetted and interpreted. Select sediment samples will be sent to the lab for assay in the coming weeks with solid assay results expected in early Q4/2024.
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/222792
FAQ
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