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About Canter Resources Corp. (CNRCF)
Canter Resources Corp. is a Canadian junior mineral exploration company dedicated to advancing the sustainable development of critical minerals that are vital to the clean energy and technology sectors. The company’s flagship asset, the Columbus Lithium-Boron Project, is strategically located near Tonopah, Nevada, in a region known for its rich mineral potential and proximity to established lithium and boron production hubs. Additionally, Canter holds the Beaver Creek Lithium Property in Montana and the newly acquired Railroad Valley Lithium-Boron Project in Nevada, further strengthening its portfolio of highly prospective projects.
Core Focus: Lithium and Boron Exploration
Canter Resources specializes in exploring and developing lithium and boron deposits, two critical minerals essential for electric vehicles (EVs), semiconductors, renewable energy systems, and advanced technologies. The company employs a phased exploration approach, leveraging cutting-edge geophysical techniques such as Hybrid Source Audio Magnetotellurics (HSAMT), seismic surveys, and 3D geological modeling to identify high-priority drill targets. Its exploration strategy aims to define significant brine reservoirs and sediment-hosted mineralization, with a focus on scalability and long-term resource potential.
Flagship Project: Columbus Lithium-Boron Project
The Columbus Project is the cornerstone of Canter’s portfolio and exemplifies its commitment to critical mineral exploration. Located in a structurally closed basin with favorable geochemical and geological conditions, the project targets lithium and boron-enriched brines and sediments. Recent exploration campaigns have confirmed widespread mineralization, including anomalous lithium concentrations of up to 76.4 mg/L and boron values exceeding 871 mg/L in brines. The project also benefits from proximity to Ioneer’s Rhyolite Ridge Project, which shares the same volcanic source rocks, underscoring the region’s potential for multi-commodity deposits.
Canter’s phased drilling programs have delineated three key exploration zones:
- Brine Generation Zone: Shallow aquifers enriched with lithium and boron, providing a foundation for deeper exploration.
- Structural Pathways: Faults and fractures facilitating brine migration and concentration.
- Structural-Lithologic Traps: Reservoirs with potential for high-grade brine accumulation.
The company’s advanced 3D modeling integrates historical data, geophysical surveys, and recent drill results, enabling precise targeting of high-value mineral zones at varying depths.
Strategic Market Position
Canter Resources operates within the rapidly growing critical minerals market, driven by the global transition to clean energy and high-tech applications. With the boron market projected to exceed $3 billion by 2027 and lithium demand surging due to EV adoption, the company’s focus on multi-commodity deposits positions it as a key player in North America’s domestic supply chain. Its strategic acquisitions, including the Railroad Valley Project, further enhance its ability to meet the increasing demand for sustainable and locally sourced critical minerals.
Commitment to Sustainability and Innovation
Canter prioritizes environmentally responsible exploration practices, employing low-impact drilling technologies such as Geoprobe rigs and adhering to rigorous quality assurance and control (QA/QC) protocols. The company collaborates with environmental consultants like Sunstone Environmental Solutions to ensure compliance with regulatory standards and minimize its environmental footprint. By aligning its operations with best practices, Canter demonstrates its commitment to sustainability while advancing its mission to support the clean energy transition.
Future Outlook
As Canter Resources progresses toward deeper drilling phases at Columbus and integrates its expanded property portfolio, the company aims to define significant mineral resources that contribute to North America’s critical mineral independence. With a science-driven approach, experienced leadership, and a focus on high-potential projects, Canter is well-positioned to capitalize on the growing demand for lithium and boron in the clean energy economy.
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.
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) has engaged Cascade Drilling LP for Phase II drilling at its Columbus Lithium-Boron Project near Tonopah, Nevada. The program, set to begin on August 12, 2024, will include approximately 10 holes targeting a third aquifer zone below 100 feet. Objectives include demonstrating lateral continuity between Phase I grids, testing regional discovery targets, and assessing near-surface boron mineralization potential.
The Phase II program will use Geoprobe drill rig technology with greater depth capabilities. It aims to enhance precision of deeper lithium targeting and establish preliminary direct extraction considerations. Brine results are expected before the end of Q3/2024. The company is employing a science-driven approach to potentially define near-surface mineral resources and guide future deeper drilling efforts.
Canter Resources Corp. (CSE: CRC, OTC Pink: CNRCF, FSE: 6O1) released additional brine assay results from its Phase I shallow Geoprobe drill program at the Columbus Lithium-Boron Project near Tonopah, Nevada.
The highest boron and lithium concentrations recorded so far include 3,140 mg/L B and 76.4 mg/L Li. The results indicate significant lateral continuity of enriched brines over 5 km west of the central grid.
Six new assays from depths greater than 55 feet show an average of 558 mg/L B, with maximum values of 651 mg/L. The preliminary findings support the company's geochemical model, emphasizing shallow boron precipitation and deeper lithium concentration.
A follow-up Phase II program comprising 10 holes is planned. The project aims to exploit the strategic importance of boron and lithium, essential in high-tech and clean energy applications.
Canter Resources reported initial assay results from its Phase I drilling at the Columbus Lithium-Boron Project in Nevada. The assays covered 35% of collected samples, revealing significant mineralized brines over a 2 km stretch. Notable brine results include 508 mg/L boron, 49.8 mg/L lithium, and 5,870 mg/L potassium. Clay samples showed up to 3,070 ppm boron, 690 ppm lithium, and 3.89% potassium. These findings suggest potential multi-layered aquifers at Columbus, with high-grade mineralization extending westwards. Canter plans further exploration in Q3 2024.
Canter Resources Corp. received additional permits and expanded its Phase I Geoprobe drill program at the Columbus Lithium-Boron Project in Nevada. The company aims to target lithium and boron enriched sediment and brine samples within the upper 100 feet. The Geoprobe drilling method has proven effective, and the company plans to increase the campaign by 5-10 holes. The boron market is growing rapidly, making the presence of boron mineralization at Columbus significant. The Company's expanded drill plan, potential boron concentrations, and Geoprobe drilling locations are key highlights of the press release.
Canter Resources Corp. is progressing with gravel work and geoprobe drilling at its Columbus Lithium-Boron Project in Nevada. The company has started gravel transport and stockpiling, with the geoprobe drilling already halfway complete. The ongoing 10-hole geoprobe campaign has identified two aquifer zones within the upper 30 meters, yielding distinct brine samples. Canter is targeting lithium, boron, and potassium mineralization in sedimentary clays and shallow brine units. The larger-scale target involves testing for mineralization at greater depths, with the geoprobe drilling providing valuable subsurface profiling. The company is following strict QA/QC procedures and expects the program to be completed soon.
Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) announced the successful results of its Annual General Meeting, with over 99% of votes in favor of all resolutions. The company welcomed new directors and highlighted an increase in ownership to over 15% aligning with shareholders' interests. Dale Matheson Carr-Hilton Labonte LLP was re-appointed as auditors, and the board of directors was set at four members. The stock option plan was re-approved, and audit committee appointments were made. Canter Resources Corp. is focused on advancing lithium-boron projects in Nevada and Montana to support the clean energy supply chain in North America.
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