Canter Resources Reports up to 840 ppm Lithium and 4,700 ppm Boron from Phase I Drilling at the Columbus Lithium-Boron Brine Project in Nevada
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) ha riportato i risultati finali delle perforazioni del suo programma di Fase I presso il Progetto Litio-Boro di Columbus in Nevada. Punti salienti includono:
- Valori di picco di 840 ppm di litio e 4.700 ppm di boro da campioni solidi
- Scoperta di due distinti acquiferi poco profondi a meno di 30 metri di profondità
- Tendenze crescenti dei gradi con la profondità, suggerendo un potenziale per saline di qualità superiore a profondità maggiori
- Mineralizzazione di litio e boro diffusa a partire dalla superficie
- Validazione dei dati geofisici e storici
L'azienda prevede di iniziare la perforazione della Fase II a metà agosto per costruire su questi risultati positivi. I risultati supportano il potenziale di risorse minerarie del progetto e si allineano con il modello geologico della società.
Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) ha reportado los resultados finales de perforación de su programa de Fase I en el Proyecto Litio-Boro de Columbus en Nevada. Los aspectos destacados incluyen:
- Valores máximos de 840 ppm de litio y 4,700 ppm de boro de muestras sólidas
- Descubrimiento de dos acuíferos distintos y poco profundos de menos de 30 pies de profundidad
- Tendencias crecientes en la calidad con la profundidad, sugiriendo un potencial para salmueras de mayor calidad a niveles más profundos
- Mineralización generalizada de litio y boro comenzando desde la superficie
- Validación de datos geofísicos e históricos
La empresa planea comenzar la perforación de la Fase II a mediados de agosto para aprovechar estos resultados exitosos. Los hallazgos respaldan el potencial de recursos minerales del proyecto y se alinean con el modelo geológico de la empresa.
Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF)는 네바다 콜럼버스 리튬-붕소 프로젝트의 1단계 프로그램에서 최종 드릴 결과를 보고했습니다. 주요 하이라이트는 다음과 같습니다:
- 고체 샘플에서 리튬 840 ppm과 붕소 4,700 ppm의 최고 값
- 100피트 미만의 깊이에서 두 개의 뚜렷한 얕은 대수층 발견
- 깊이에 따라 증가하는 등급 경향으로, 더 깊은 층에서 고등급 염수의 가능성을 시사
- 표면에서 시작되는 광범위한 리튬 및 붕소 광물화
- 지구물리학적 및 역사적 데이터의 검증
회사는 이러한 성공적인 결과를 바탕으로 8월 중순에 2단계 드릴링을 시작할 계획입니다. 이 발견은 프로젝트의 광물 자원 잠재력을 지원하며 회사의 지질 모델에 부합합니다.
Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) a rapporté les résultats finaux de forage de son programme de Phase I au projet Lithium-Bore de Columbus dans le Nevada. Les points clés incluent :
- Valeurs maximales de 840 ppm de lithium et 4 700 ppm de bore à partir d'échantillons solides
- Découverte de deux aquifères distincts et peu profonds à moins de 30 pieds de profondeur
- Tendances croissantes de qualité avec la profondeur, suggérant un potentiel pour des saumures de meilleure qualité à des niveaux plus profonds
- Minéralisation généralisée de lithium et de bore commençant à la surface
- Validation des données géophysiques et historiques
L'entreprise prévoit de commencer le forage de Phase II à la mi-août pour capitaliser sur ces résultats réussis. Les découvertes soutiennent le potentiel de ressources minérales du projet et s'alignent avec le modèle géologique de l'entreprise.
Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) hat die endgültigen Bohrergebnisse seines Programms der Phase I im Columbus Lithium-Boron-Projekt in Nevada berichtet. Die wichtigsten Höhepunkte sind:
- Spitzenwerte von 840 ppm Lithium und 4.700 ppm Bor aus Feststoffproben
- Entdeckung von zwei unterschiedlichen flachen Aquiferen mit einer Tiefe von weniger als 30 Fuß
- Zunehmende Gehaltstrends mit der Tiefe, was auf ein Potenzial für hochgradigere Sole in tieferen Lagen hinweist
- Weit verbreitete Lithium- und Bor-Mineralisierung, die an der Oberfläche beginnt
- Validierung geophysikalischer und historischer Daten
Das Unternehmen plant, Mitte August mit der Bohrung der Phase II zu beginnen, um auf diesen erfolgreichen Ergebnissen aufzubauen. Die Ergebnisse unterstützen das Mineralressourcen-Potenzial des Projekts und stimmen mit dem geologischen Modell des Unternehmens überein.
- 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
- Phase II drilling planned to commence in mid-August
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to report final drill results corresponding to the solid (clay/sediment) samples from the final nine (9) holes of its 15-hole Phase I drill program at the Columbus Lithium-Boron Project ("Columbus" or the "Project"), located near Tonopah, Nevada.
While Canter is focused on exploring the multi-tiered aquifer system and targeting mineral resources within the basin's brines at Columbus, sampling the sedimentary units provides valuable geochemical data for the Company to correlate with brine results to establish mineralization patterns and stronger predictive modeling. The final batch of solid assay results includes the highest-grade lithium and boron sedimentary values from Phase I.
New Assay Highlights (peak values over minimum 4.9 ft (1.5 metres) sample length)
- CB24-011G: 3,850 ppm B; 710 ppm Li;
3.3% K - CB24-004G: 4,700 ppm B; 840 ppm Li;
3.1% K - CB24-005G: 2,900 ppm B; 740 ppm Li;
3.7% K - CB24-020G: 2,550 ppm B; 680 ppm Li;
3.6% K - CB24-021G: 4,280 ppm B; 680 ppm Li;
3.6% K - CB24-022G: 3,160 ppm B; 680 ppm Li;
3.8% K
Notes: m=metres; ppm=parts per million; B=boron; Li=lithium; K=potassium
See Figure 1 (plan view), Figure 2 (section view of holes 001G-005G) and Table 1 for summary of all solid assay results from Phase I.
"The final solid assay results from Phase I drilling further demonstrate the significant and widespread mineralization starting right from surface at Columbus," commented Canter CEO, Joness Lang. "The increasing concentration trends with depth we previously observed from the final brine results are reflected here again with our solid samples increasing in grade as well (see Figure 2). We are excited to get underway with Phase II drilling in mid-August to build on a very successful inaugural program."
Figure 1: Plan view showing all highlighted clay assay intervals from Phase I (red drill hole ID labels correspond to newly reported results).
To view an enhanced version of this graphic, please visit:
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Phase I Observations and Takeaways
- Widespread Lithium and Boron Mineralization: Phase I Geoprobe results confirm the presence of significant concentrations of lithium and boron in multiple zones (brines/solids), supporting the Project's mineral resource potential.
- Discovery of Two Distinct Shallow Aquifers: The drilling program successfully identified two separate aquifers less than 100 ft deep, with high conductivity and Total Dissolved Solids (TDS) each showing distinct geochemical signatures.
- Validation of Geophysical and Historical Data: Results align with and strengthen interpretations from historical core data, downhole geophysics and recent HSAMT surveys.
- High Potential for Additional Aquifers: Consistent findings across Phase I drilling and geophysical data, suggest the potential for numerous brine aquifers throughout the basin.
- Strong Evidence for Deeper, Higher-Grade Brines: Solid (clay) and fluid (brine) results both demonstrate increasing grades/concentrations further downhole (see Figure 2). Data indicates a potential third aquifer between 100-150 ft that will be tested as part of Phase II drilling.
- Mineralization Pattern Supports Geological Model: The distribution of lithium and boron concentrations within the aquifers aligns with known trends of element mobility and solubility in brines, further validating the exploration model and providing insights for deeper drilling.
Figure 2. Exaggerated long section view highlighting the grade/depth trends in sediments within the northern half of the Company's central drilling grid.
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Table 1. Phase I Geoprobe Drill Results from Solids/Clays
To view an enhanced version of this graphic, please visit:
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Notes: All holes completed were vertical and utilized a direct push Geoprobe 6620DT drilling rig. Peak value highlights range from 1.52 m to 1.7 m in length.
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.
For more information about boron and lithium, please visit the Company's Boron 101 and Lithium 101 pages on the Company's website.
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 domestic technology and 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/218193
FAQ
What are the key findings from Canter Resources' Phase I drilling at the Columbus Lithium-Boron Project?
When is Canter Resources (CNRCF) planning to start Phase II drilling at the Columbus Project?
What is the significance of the increasing grade trends with depth observed in Canter Resources' Columbus Project?
How do the Phase I drilling results support Canter Resources' (CNRCF) exploration model for the Columbus Project?
