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CANTER RES CORP - CNRCF STOCK NEWS

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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.

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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.

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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.

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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.

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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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Canter Resources Corp. has started a 10-hole Geoprobe drill program at the Columbus Lithium-Boron Project in Nevada to target lithium, boron, and potassium concentrations. The program aims to collect sediment and water samples from surface to depths exceeding 30 meters to enhance the Company's geological model. The drilling is low-impact and low-cost, offering advantages over traditional methods. The program is expected to take approximately 10 days to complete.
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Canter Resources Corp. expands its land package at the Columbus Lithium-Boron Project, showcasing significant potential for lithium-enriched brines. The company's 3D modeling and HSAMT resistivity shells reveal a broadening conductive zone, leading to the acquisition of 29,600 acres. CEO Joness Lang expresses excitement for upcoming Geoprobe drilling to explore the expanded territory.
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Canter Resources Corp. expands land package at Columbus Lithium-Boron Project after interpreting third-party data and completing 3D modeling. Highly anomalous lithium values found, leading to increased acreage. Company to commence Geoprobe drilling for further exploration.
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Canter Resources Corp. has selected Cascade Drilling L.P. to complete shallow Geoprobe drilling at the Columbus Lithium-Boron Project in Nevada. The Company aims to collect sediment and water samples from depths of 3-30 meters to enhance their geological model. The Geoprobe drilling is part of Phase I work and will provide valuable data for the exploration of lithium-enriched aquifer targets. Canter Resources has also decided to terminate the Option Agreement on the Puzzle Lake Project in Saskatchewan.
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Canter Resources Corp. (CNRCF) completes a comprehensive 3D model integrating geophysical data for lithium exploration at the Columbus Lithium-Boron Project. The new model refines subsurface structures and identifies potential lithium-bearing brine formations. The HSAMT geophysical data guides the targeting of conductive bodies, with resistivity values indicating brine fluids. The Company plans to begin exploration well drilling based on the 3D model, historical data, and surface sampling results, aiming to test highly conductive brine targets. Limitations in data interpretation are acknowledged, but geological evidence suggests deeper brine reservoirs. The structurally closed nature of the Columbus Basin and gravity anomalies support the potential for extensive brine reservoirs. Eric Saderholm, a Qualified Person, reviewed and approved the technical information.
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Canter Resources Corp. acquires third-party data highlighting significant lithium in soils at the Columbus Lithium-Boron Project. The dataset includes 473 surface samples with a maximum lithium value of 540 ppm. Renowned geophysicist Jim Wright reinterprets geophysical data, supporting Phase I drilling and identifying a significant brine target. The Company plans to collect additional samples and validate data through Geoprobe drilling.
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FAQ

What is the current stock price of CANTER RES (CNRCF)?

The current stock price of CANTER RES (CNRCF) is $0.0592 as of October 15, 2024.

What is the market cap of CANTER RES (CNRCF)?

The market cap of CANTER RES (CNRCF) is approximately 2.9M.

What is Canter Resources Corp. focused on?

Canter Resources Corp. is focused on advancing the Columbus Lithium-Boron Project in Nevada, USA, and the Beaver Creek Lithium Property in Montana, USA.

What is the current exploration activity?

The company is conducting a Phase I exploration campaign at Columbus, targeting a highly prospective lithium-brine deposit.

What are some key findings from the Geoprobe drill program?

The program has identified boron and lithium enrichment in shallow brines and clays, indicating the potential for multi-commodity significance at the site.

What is Canter's objective with the phased drilling approach?

Canter aims to define mineral resources that support the domestic clean energy supply chain in North America.

CANTER RES CORP

OTC:CNRCF

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