Canterra Announces Initial Results from AI Mineral Targeting Work with VRIFY AI
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has received initial results from its partnership with VRIFY Technology's AI-assisted mineral discovery platform for the Buchans Project in Newfoundland. The AI analysis has revealed new promising targets in underexplored areas and validated existing mineralized trends. Key highlights include:
1. AI modelling confirmed and highlighted new target areas for Buchans-style massive sulphide mineralization.
2. The model successfully validated known mineralization, including resources at the undeveloped Lundberg base metal deposit.
3. New data will continuously refine the AI model, identifying additional exploration targets.
4. The AI-driven approach enables efficient value extraction from existing datasets.
The Buchans Project covers 83.25 km² and includes the former Buchans Mine, which produced 16.2 million tonnes of high-grade ore. The project also hosts the undeveloped Lundberg deposit with significant Indicated Resources.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) ha ricevuto i risultati iniziali dalla sua collaborazione con la piattaforma di scoperta mineraria assistita da IA di VRIFY Technology per il Progetto Buchans in Newfoundland. L'analisi IA ha rivelato nuovi obiettivi promettenti in aree poco esplorate e ha convalidato le tendenze mineralizzate esistenti. I punti salienti includono:
1. La modellazione IA ha confermato e messo in evidenza nuove aree obiettivo per la mineralizzazione a solfuri massivi in stile Buchans.
2. Il modello ha convalidato con successo la mineralizzazione nota, incluse le risorse nel giacimento di metalli base Lundberg non sviluppato.
3. Nuovi dati continueranno a perfezionare il modello IA, identificando ulteriori obiettivi di esplorazione.
4. L'approccio basato sull'IA consente un'estrazione efficiente di valore dai dataset esistenti.
Il Progetto Buchans copre 83,25 km² e include l'ex Miniera Buchans, che ha prodotto 16,2 milioni di tonnellate di minerale di alta qualità. Il progetto ospita anche il giacimento Lundberg non sviluppato con significative Risorse Indicate.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) ha recibido resultados iniciales de su asociación con la plataforma de descubrimiento mineral asistida por IA de VRIFY Technology para el Proyecto Buchans en Newfoundland. El análisis de IA ha revelado nuevos objetivos prometedores en áreas poco exploradas y ha validado las tendencias mineralizadas existentes. Los puntos clave incluyen:
1. La modelización de IA confirmó y destacó nuevas áreas objetivo para la mineralización masiva de sulfuros al estilo Buchans.
2. El modelo validó con éxito la mineralización conocida, incluidas las reservas del depósito de metales base Lundberg no desarrollado.
3. Nuevos datos continuarán refinando el modelo de IA, identificando objetivos de exploración adicionales.
4. El enfoque impulsado por IA permite una extracción de valor eficiente de los conjuntos de datos existentes.
El Proyecto Buchans abarca 83.25 km² e incluye la antigua Mina Buchans, que produjo 16.2 millones de toneladas de mineral de alta ley. El proyecto también alberga el depósito Lundberg no desarrollado con recursos indicados significativos.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF)는 뉴펀들랜드의 부찬 프로젝트를 위한 VRIFY Technology의 AI 지원 광물 발견 플랫폼과의 파트너십에서 초기 결과를 받았습니다. AI 분석은 탐사가 부족한 지역에서 새로운 유망 목표를 발견하고 기존의 광물화 경향을 검증했습니다. 주요 내용은 다음과 같습니다:
1. AI 모델링은 부찬 스타일의 대량 황화물 광물화를 위한 새로운 목표 지역을 확인하고 강조했습니다.
2. 이 모델은 개발되지 않은 룬드버그 기초 금속 매장지를 포함하여 알려진 광물화를 성공적으로 검증했습니다.
3. 새로운 데이터는 AI 모델을 지속적으로 정제하여 추가 탐사 목표를 식별할 것입니다.
4. AI 기반 접근 방식은 기존 데이터 세트에서 효율적인 가치 추출을 가능하게 합니다.
부찬 프로젝트는 83.25 km²를 차지하며 1620만 톤의 고품질 광석을 생산한 옛 부찬 광산을 포함합니다. 이 프로젝트는 또한 상당한 표시 자원을 가진 개발되지 않은 룬드버그 매장지를 보유하고 있습니다.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) a reçu les premiers résultats de son partenariat avec la plateforme de découverte minérale assistée par IA de VRIFY Technology pour le Projet Buchans à Terre-Neuve. L'analyse IA a révélé de nouveaux objectifs prometteurs dans des zones peu explorées et a validé les tendances minéralisées existantes. Les points clés incluent :
1. La modélisation IA a confirmé et mis en évidence de nouvelles zones cibles pour la minéralisation massive de sulfures de style Buchans.
2. Le modèle a validé avec succès la minéralisation connue, y compris les ressources du dépôt de métaux de base Lundberg non développé.
3. De nouvelles données continueront à affiner le modèle IA, identifiant des cibles d'exploration supplémentaires.
4. L'approche alimentée par l'IA permet une extraction de valeur efficace à partir des ensembles de données existants.
Le Projet Buchans couvre 83,25 km² et comprend l'ancienne Mine de Buchans, qui a produit 16,2 millions de tonnes de minerai de haute qualité. Le projet abrite également le dépôt Lundberg non développé avec d'importantes Ressources Indiquées.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) hat erste Ergebnisse aus seiner Partnerschaft mit der KI-unterstützten Mineralentdeckungsplattform von VRIFY Technology für das Buchans-Projekt in Newfoundland erhalten. Die KI-Analyse hat neue vielversprechende Ziele in wenig erforschten Gebieten aufgedeckt und bestehende mineralisierte Trends validiert. Die wichtigsten Höhepunkte umfassen:
1. Die KI-Modellierung hat neue Zielgebiete für die massive Sulfidmineralisierung im Buchans-Stil bestätigt und hervorgehoben.
2. Das Modell hat erfolgreich die bekannte Mineralisierung validiert, einschließlich der Ressourcen im nicht erschlossenen Lundberg-Basismetallvorkommen.
3. Neue Daten werden das KI-Modell kontinuierlich verfeinern und zusätzliche Explorationsziele identifizieren.
4. Der KI-gesteuerte Ansatz ermöglicht eine effiziente Wertschöpfung aus bestehenden Datensätzen.
Das Buchans-Projekt umfasst 83,25 km² und beinhaltet die ehemalige Buchans-Mine, die 16,2 Millionen Tonnen hochgradiges Erz produziert hat. Das Projekt beherbergt auch das nicht erschlossene Lundberg-Vorkommen mit signifikanten angezeigten Ressourcen.
- AI analysis revealed new promising targets in underexplored areas of the Buchans Project
- AI modelling validated known massive sulphide and stockwork mineralization, including existing resources at Lundberg deposit
- Continuous refinement of AI model with new data to identify additional exploration targets
- Efficient unlocking of potential value from existing datasets through AI-driven approach
- Buchans Project includes former high-grade Buchans Mine and undeveloped Lundberg deposit with significant resources
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2024) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) ("Canterra" or the "Company") is pleased to report that it has received initial results from its ongoing partnership with VRIFY Technology and its Artificial Intelligence ("AI") assisted mineral discovery platform ("VRIFY AI") for Canterra's
Initial results of VRIFY AI's analysis reveal several new promising targets within previously underexplored areas, as well as independently validate existing mineralized trends. This analysis leverages VRIFY's proprietary AI models, both deposit specific models and its universal exploration model, to identify correlations between mineralized points and exploration data across extensive datasets. These include historical and recent regional and local datasets ranging across a variety of data types including geophysical, geochemical and geological data for the Company's Buchans Project (Figure 1). With over 400,000 metres of historical drilling from in and around the former Buchans mine, there is an extensive training data set available to build and refine AI-driven mineral prediction.
Highlights:
- AI modelling of multidisciplinary datasets has confirmed and highlighted new target areas prospective for Buchans-style massive sulphide mineralization; several targets occur within previously underexplored areas.
- AI predictive modelling successfully validated known massive sulphide and stockwork mineralization, including existing resources at Canterra's undeveloped Lundberg base metal deposit.
- As Canterra continues to explore and generate new modelling for the Buchans Project, new data will be fed into the dynamic VRIFY AI model, refining predictions and identifying additional exploration targets.
- This AI-driven approach enables Canterra to efficiently unlock potential value from existing datasets through the identification of targets that may otherwise remain undetected or require significantly more time to identify through conventional exploration methods.
Chris Pennimpede, President and CEO of Canterra, commented: "The extensive Buchans database is the perfect dataset to realize the power of AI by rapidly evaluating huge amounts of historical exploration data to confirm and identify new exploration targets that may otherwise remain unidentified by past explorers. Newfoundland and Labrador has done a tremendous job preserving these datasets, including preservation of the project's historical drill core archive dating back to the 1920s. Canterra is well-positioned to benefit from the application of AI with its ongoing exploration of this historic mining camp that is world-renowned for having mined one of the world's highest grade volcanogenic massive sulphide deposits. I am excited to see that initial deployment of VRIFY AI has not only validated known mineralization but more importantly, identified areas where there is strong potential for discovery of similar high-grade mineralization. We strongly believe this tool will aide in future new discoveries within Canterra's project portfolio."
Steve de Jong, CEO of VRIFY, commented: "VRIFY AI helps ensure that every single piece of project data, regardless of when it was collected, or whether it is relevant to a specific geological model, is utilized when identifying areas of potential mineralization. In the case of the Buchans Project, which has an extensive dataset including more than 400,000 meters of drilling collected over a hundred-year period, it is impossible for a human to determine all the potential patterns and correlations between the exploration data and areas of known mineralization. This is the true power of AI and its why we are such big believers that AI-assisted exploration is an industry trend that's only going to accelerate from here. The Buchans database represents the perfect opportunity to unleash our proprietary algorithms which is why we are excited that Canterra is one of the early adopters of VRIFY AI. The Buchans project is a data-rich environment that provides our proprietary VRIFY AI with a distinct advantage, ultimately accelerating the discovery process and improving exploration outcomes."
Figure 1. Oblique 3D view across Canterra's Buchans Project showing VRIFY AI predictive probability score for massive sulphide mineralization.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8054/226238_db70eeb14404e88b_001full.jpg
New Target Areas
AI-driven modelling identified the "Nu" target area as having a high prospectivity comparable to existing mine trends that host high-grade Buchans-style massive sulphide mineralization. Preliminary review of this target (drill core and historical data) suggests that this area has received limited historical drilling and may host several key conditions for Buchans-style mineralization, including favourable host rocks and early indications of alteration and mineralization in float (i.e., prospecting rock samples).
Canterra has initiated in-depth data reviews and field investigations to further evaluate these newly prioritized areas; this work will continue into 2025.
Figure 2. Canterra's Buchans project and other Central Newfoundland mining district holdings for critical minerals and gold.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8054/226238_db70eeb14404e88b_002full.jpg
Buchans Property
Canterra's Buchans Project is a brownfields project covering 83.25 square kilometres ("km2") near the town of Buchans, NL. The Project hosts the former Buchans Mine previously operated by Asarco between 1928 and 1984. This historic mine consisted of several volcanogenic massive sulphide ("VMS") deposits that cumulatively produced 16.2 million tonnes ("Mt") of ore at an average grade of
AI-Driven Exploration & Real-Time Insight
VRIFY's AI-assisted mineral discovery platform uses a combination of architectures to train predictive models with data from a wide variety of exploration features. This approach leverages complex data relationships to predict mineral exploration targets, streamlining the process by identifying viable mineral systems. The automation of target generation also allows the trained model to be updated quickly with new data from ongoing exploration work. The available learning data points are separated between training and validation sets to train and test the algorithm. This allows VRIFY to evaluate the performance metrics associated with predictive modelling. The results can then be evaluated, and an uncertainty factor can be associated with each of the AI-defined targets. For more information, visit: vrify.com.
Victoria Project Option Agreement Update
The Company would like to make the following updates to the news release dated August 7, 2024 regarding the Victoria Project Option Agreement (the "Agreement"):
- The local prospectors (the "Optionors") are both at arm's length to the Company
- The Agreement expands the Victoria Project by 10 mineral licenses containing 44 claims
- Pursuant to the Agreement, Canterra must make the following cash payments and issue common shares of the Company to the Optionors over two years as follows:
$10,000 CAD and 100,000 shares of the Company upon execution of the Agreement (cash component has been paid)$20,000 CAD and 200,000 shares of the Company on or before the first anniversary of the Agreement$30,000 CAD and 200,000 shares of the Company on or before the second anniversary of the Agreement
Notes:
(1) Past production figures from Kirkham, R.V., ed., 1987, Buchans Geology, Newfoundland. Geological Survey of Canada, Paper 86-24, 288 p.
(2) Lundberg's 2019 Resource Estimate (effective date of February 28, 2019) includes In-pit Indicated Mineral Resources 16,790,000 tonnes grading of
Newfoundland and Labrador Junior Exploration Assistance
Canterra would like to acknowledge the financial support it may receive from the Junior Exploration Assistance Program from the government of Newfoundland and Labrador related to the completion of its 2024 drilling programs, including drilling at Buchans.
About Canterra Minerals
Canterra is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland. The Company's projects include six mineral deposits located in close proximity to the world-renowned, past producing Buchans mine and Teck Resources' former Duck Pond mine that collectively produced copper, zinc, lead, silver and gold. Several of Canterra's deposits support historical Mineral Resource Estimates prepared in accordance with National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards for Mineral Resources and Mineral Reserves current at their respective effective dates (collectively the "Historical Resource Estimates"). Canterra's Historical Resource Estimates are deemed historical as they were prepared prior to their acquisition by Canterra. Canterra's gold projects are located on-trend of Calibre Mining's Valentine mine currently under construction and are interpreted to cover a ~60 km extension of the structural corridor that hosts mineralization within Calibre's mine project. Past drilling by Canterra and others within the Company's gold projects intersected multiple occurrences of orogenic-style gold mineralization within a large land position that remains underexplored.
Qualified Person
Christopher Pennimpede BSc. P.Geo. (BC), Chief Executive Officer for Canterra Minerals Corporation and Qualified Person within the meaning of National Instrument 43-101, has reviewed the technical disclosure in this news release for accuracy.
ON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION
Chris Pennimpede
President & CEO
Additional information about the Company is available at www.canterraminerals.com
For further information, please contact: +1 (604) 687-6644
Email: info@canterraminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, including statements with respect to estimated mineral resources, the opening of avenues for substantial discoveries within the belt, the Buchans Project being ripe for a modern approach with significant exploration potential for high grade VMS mineralization, the Company anticipating being strongly positioned to unveil the next mineral discovery in central Newfoundland. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects.; as well as those risks and uncertainties identified and reported in the Company's public filings under its SEDAR+ profile at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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FAQ
What are the initial results of VRIFY AI's analysis for Canterra's Buchans Project?
How does the AI-driven approach benefit Canterra's exploration efforts?
What is the significance of the 'Nu' target area identified by AI modelling?
What are the key resources at Canterra's Buchans Project (CTMCF)?
How does VRIFY's AI-assisted mineral discovery platform work for the Buchans Project?
