Welcome to our dedicated page for CANTER RES news (Ticker: CNRCF), a resource for investors and traders seeking the latest updates and insights on CANTER RES stock.
Canter Resources Corp. is a Canadian junior mineral exploration company focused on advancing the Columbus Lithium-Boron Project in Nevada, USA, and the Beaver Creek Lithium Property in Montana, USA. The company is currently conducting a Phase I exploration campaign at Columbus to explore a highly prospective lithium-brine target. The ongoing Geoprobe drill program has yielded valuable data, showcasing boron and lithium enrichment in shallow brines and clays, hinting at the potential multi-commodity significance of the site. With a phased drilling approach, Canter aims to define mineral resources that support North America's clean energy supply chain.
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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