Canterra Minerals Step-Out Drilling Hits High-Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland

Core Insights - Canterra Minerals Corporation has announced significant drilling results from its Buchans Project, highlighting the discovery of high-grade mineralization that extends beyond the current resource limits [1][3][4]. Drilling Results - The first drill hole, H-25-3539, intersected 6.77% copper equivalent (CuEq) over 5.35 meters, including 8.88% CuEq over 2.00 meters, indicating a strong extension of the high-grade Two Level mineralization [6][7]. - The mineralization remains open in multiple directions, suggesting potential for further resource delineation [7][8]. - The second mineralized interval from 225 meters to 243 meters extends known mineralization approximately 50 meters below the current resource [7]. Future Exploration Plans - Canterra plans to continue its 10,000-meter drilling campaign in 2025, focusing on testing extensions of the Two Level mineralization [3][4]. - The company is also conducting Deep 3DIP geophysical surveys to identify additional drilling targets [3]. Project Overview - The Buchans Project is an advanced critical minerals project covering 92.24 square kilometers, adjacent to the past-producing Buchans Mine, with significant undeveloped mineral resources [12][21]. - The Lundberg resource includes in-pit indicated mineral resources totaling 16.8 million tonnes, containing substantial amounts of copper, zinc, lead, silver, and gold [12]. Investor Relations - Canterra has engaged Digitonic Ltd. for an investor marketing campaign to enhance visibility within the investment community, with a budget of US$10,000 [18][19].