Canterra Minerals Expands Newfoundland Exploration Portfolio with Strategic Staking of Seal Pond Massive Sulfide Prospect
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) has expanded its Newfoundland portfolio by staking 19 mineral claims (5km2) covering the Seal Pond Volcanogenic Massive Sulfide (VMS) prospect in central Newfoundland. The new claims are located 20km east of the Company's Buchans project.
The Seal Pond prospect is hosted by volcanic rocks of the Mary March Group, correlating with the Buchans Group rocks. Historical drill highlights include intervals grading 2.84% Zn and 1.22% Cu. No drilling has occurred since 2006.
This acquisition strengthens Canterra's position as the largest landholder in the Central Newfoundland Mining District, where it currently holds 7 known undeveloped deposits with NI 43-101 compliant resource estimates. The company plans to conduct a comprehensive review of historical exploration data before initiating follow-up field programs.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) ha ampliato il suo portafoglio in Newfoundland acquisendo 19 diritti minerari (5 km²) che coprono il prospect di Sulfuri Volcanogeni Massivi di Seal Pond (VMS) nel centro di Newfoundland. I nuovi diritti si trovano a 20 km a est del progetto Buchans della società.
Il prospect di Seal Pond è ospitato da rocce vulcaniche del Gruppo Mary March, correlate con le rocce del Gruppo Buchans. I punti salienti storici dei sondaggi includono intervalli con gradi di 2,84% Zn e 1,22% Cu. Non ci sono stati sondaggi dal 2006.
Questa acquisizione rafforza la posizione di Canterra come il più grande detentore di terreni nel Distretto Minerario del Centro di Newfoundland, dove attualmente detiene 7 depositi non sviluppati noti con stime di risorse conformi al NI 43-101. L'azienda prevede di condurre una revisione approfondita dei dati storici di esplorazione prima di avviare programmi di follow-up sul campo.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) ha ampliado su cartera en Newfoundland al adquirir 19 derechos mineros (5 km²) que cubren el prospecto de Sulfuro Masivo Volcanogénico de Seal Pond (VMS) en el centro de Newfoundland. Los nuevos derechos están ubicados a 20 km al este del proyecto Buchans de la empresa.
El prospecto de Seal Pond está alojado en rocas volcánicas del Grupo Mary March, correlacionándose con las rocas del Grupo Buchans. Los puntos destacados históricos de perforación incluyen intervalos con grados de 2.84% Zn y 1.22% Cu. No se ha realizado perforación desde 2006.
Esta adquisición refuerza la posición de Canterra como el mayor titular de tierras en el Distrito Minero del Centro de Newfoundland, donde actualmente posee 7 depósitos no desarrollados conocidos con estimaciones de recursos conforme al NI 43-101. La empresa planea llevar a cabo una revisión exhaustiva de los datos históricos de exploración antes de iniciar programas de seguimiento en el campo.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF)는 뉴펀들랜드 포트폴리오를 확장하여 중앙 뉴펀들랜드에 위치한 씰 폰드 화산성 대량 황화물(VMS) 탐사 지역을 포함하는 19개의 광물 청구권(5km²)을 확보했습니다. 새로운 청구권은 회사의 부칸스 프로젝트에서 동쪽으로 20km 떨어진 곳에 있습니다.
씰 폰드 탐사 지역은 메리 마치 그룹의 화산암에 의해 형성되며, 부칸스 그룹의 암석과 상관관계가 있습니다. 역사적인 시추 결과는 2.84% Zn 및 1.22% Cu의 등급을 포함합니다. 2006년 이후로 시추 작업은 이루어지지 않았습니다.
이 인수는 Canterra가 중앙 뉴펀들랜드 광산 지구에서 가장 큰 토지 소유자로서의 입지를 강화하며, 현재 NI 43-101 준수 자원 추정이 있는 7개의 알려진 미개발 광상을 보유하고 있습니다. 회사는 후속 현장 프로그램을 시작하기 전에 역사적인 탐사 데이터에 대한 종합적인 검토를 수행할 계획입니다.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) a élargi son portefeuille à Terre-Neuve en acquérant 19 claims miniers (5 km²) couvrant le prospect de Sulfures Massifs Volcanogènes de Seal Pond (VMS) dans le centre de Terre-Neuve. Les nouveaux claims sont situés à 20 km à l'est du projet Buchans de la société.
Le prospect de Seal Pond est hébergé par des roches volcaniques du Groupe Mary March, corrélant avec les roches du Groupe Buchans. Les points saillants historiques des forages incluent des intervalles avec des teneurs de 2,84% Zn et 1,22% Cu. Aucun forage n'a eu lieu depuis 2006.
Cette acquisition renforce la position de Canterra en tant que plus grand détenteur de terres dans le District Minier du Centre de Terre-Neuve, où elle détient actuellement 7 dépôts non développés connus avec des estimations de ressources conformes au NI 43-101. L'entreprise prévoit de réaliser un examen approfondi des données historiques d'exploration avant de lancer des programmes de suivi sur le terrain.
Canterra Minerals (TSXV: CTM) (OTCQB: CTMCF) hat sein Portfolio in Neufundland erweitert, indem es 19 Mineralansprüche (5 km²) erworben hat, die das Seal Pond vulkanogene massive Sulfid (VMS) Projekt im zentralen Neufundland abdecken. Die neuen Ansprüche befinden sich 20 km östlich des Buchans-Projekts des Unternehmens.
Das Seal Pond-Projekt wird von vulkanischen Gesteinen der Mary March-Gruppe beherbergt, die mit den Gesteinen der Buchans-Gruppe korrelieren. Historische Bohrungen zeigen Intervalle mit Gehalten von 2,84% Zn und 1,22% Cu. Seit 2006 fanden keine Bohrungen mehr statt.
Diese Akquisition stärkt Canterras Position als der größte Landbesitzer im Central Newfoundland Mining District, wo das Unternehmen derzeit 7 bekannte unentwickelte Lagerstätten mit NI 43-101-konformen Ressourcenschätzungen hält. Das Unternehmen plant, eine umfassende Überprüfung der historischen Explorationsdaten durchzuführen, bevor es Folgefeldprogramme initiiert.
- Strategic acquisition of 19 mineral claims in proven VMS district
- Historical drilling shows promising grades of 2.84% Zn and 1.22% Cu
- Largest land position in Central Newfoundland Mining District
- Portfolio includes 7 undeveloped deposits with NI 43-101 compliant resources
- No drilling activity since 2006 indicates significant exploration gap
- Additional exploration and drilling required before any resource definition
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce the strategic staking of 19 mineral claims (5km2) covering the Seal Pond Volcanogenic Massive Sulfide (VMS) prospect in central Newfoundland. The newly acquired claims are located 20 kilometres ("km") east of the Company's Buchans project, a world renowned, historic, high-grade volcanogenic massive sulphide ("VMS") critical metal mining camp.
Highlights:
- Seal Pond prospect is hosted by volcanic rocks of the Mary March Group that correlate with productive rocks of the Buchans Group and host several high-grade VMS occurrences with similarities to the Buchans orebodies.
- Adds more of the prospective rocks to our broader regional exploration approach to make a new discovery in this prolific massive sulphide camp
- further expands Canterra's Newfoundland critical minerals project portfolio within the Central Newfoundland Mining District where Canterra's current land position is the largest in the district and is host to 7 known undeveloped deposits with current and or historic mineral resource estimates prepared in compliance with National Instrument 43-101 at the time of their estimation (see Canterra Website for details).
- Drill highlights include intervals grading
2.84% Zn and1.22% Cu, within the favourable Buchans Group rocks and associated alteration and mineralization signatures. Drilling has not taken place on the Seal Pond property since 2006 and has been limited in scope.
"Canterra's acquisition of these claims underscores its commitment to expanding its exploration footprint in proven mining jurisdictions. This staking represents further consolidation the Buchans group rocks to secure the regional potential in this belt to make a new high-grade critical minerals discovery," said Chris Pennimpede, President & CEO of Canterra Minerals. "We believe the Seal Pond prospect has significant potential and look forward to applying modern exploration techniques to unlock new discoveries in this well-endowed district."
Figure 1. Map of the Critical Mineral Bearing Buchans Group Rocks. Seal Pond, Little Sandy and Buchans Projects are largely or entirely contained within the Buchans group which hosts the past producing Buchans Mine.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8054/245031_835fbc31a4613abd_001full.jpg
Strategic Significance
Historical exploration has identified favorable lithologies and alteration signatures indicative of VMS mineralization. Historic drill results from this prospect include:
| From | To | Cu (%) | Pb (%) | Zn (%) | Au (ppb) |
| 51.55 | 51.75 | 0.54 | 0.04 | 2.84 | 80 |
| 100.3 | 100.5 | 1.22 | - | 0.08 | 70 |
Table 1. Historic drill assay results from Drillhole SP-95-1. Taken from NL report geofile 12A/15/730.
*Assays are historical in nature having been collected by previous operators other than Canterra.
Next Steps
Canterra has initiated a comprehensive review of historical exploration data and will consider follow-up field programs once this review is complete. The objective of this review and subsequent field work will be to identify drill targets and ultimately advance the Seal Pond prospect toward discovery of significant new deposits.
Newfoundland and Labrador Junior Exploration Assistance & Town of Buchans
Canterra gratefully acknowledges the financial support it may receive from the Junior Exploration Assistance Program in relation to the Company's Buchans 2025 exploration program.
Qualified Person
Paul Moore MSc. P.Geo. (NL), Vice President of Exploration for Canterra Minerals Corporation, a Qualified Person within the meaning of National Instrument 43-101, has reviewed the technical disclosure in this news release for accuracy and either prepared or supervised its preparation.
Corporate Update
Further to the Company's news release dated February 21, 2025, the Company confirms that Spark Newswire was granted
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' Duck Pond mine that collectively produced copper, zinc, lead, silver and gold. Several of Canterra's deposits support current and 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. Canterra's gold projects are located on-trend of Calibre Mining's Valentine mine currently under construction and cover a ~60 km extension of the same 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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245031
FAQ
What are the key drill results from Canterra Minerals' (CTMCF) Seal Pond prospect?
How many mineral claims did Canterra Minerals (CTMCF) stake at Seal Pond in March 2025?
Where is the Seal Pond prospect located relative to Canterra's (CTMCF) Buchans project?
How many undeveloped deposits does Canterra Minerals (CTMCF) currently have in the Central Newfoundland Mining District?
