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Canterra Launches Fully Funded 15,000 Metre Discovery-Focused Drill Program in Newfoundland
Globenewswire· 2026-02-18 12:00
Core Viewpoint - Canterra Minerals Corporation is entering a high-impact discovery phase in 2026 with a fully funded diamond drill program of up to 15,000 metres across its projects in central Newfoundland, starting with the Buchans Project, which is known for its high-grade VMS deposits [1][3][5]. Group 1: 2026 Exploration Program Overview - The 2026 campaign will transition from target generation to systematic drill testing in three areas: high-priority targets at Buchans, selective follow-up drilling in the Victoria Lake Supergroup portfolio, and advancing gold targets at the Wilding Gold Project [2][5]. - The Buchans Project will see winter drilling targeting high-priority anomalies identified by modern geophysics, with additional drilling planned for resource expansion at the Lundberg deposit and Two-Level zone [5][7]. - The Victoria Lake Supergroup portfolio will undergo a belt-wide target ranking initiative, focusing on the highest-priority deposits and prospects for potential discovery and resource growth [11][12]. Group 2: Specific Project Details - Buchans Project: Approximately 5,000 metres of drilling planned, with a 2,000-metre winter program currently underway targeting 3DIP anomalies and structural corridors [7][8]. - Victoria Lake Supergroup: Up to 5,000 metres of targeted diamond drilling planned, focusing on deposits such as Boomerang, Lemarchant, and Long Lake [12]. - Wilding Gold Project: A combined drilling program has commenced, including ~250 percussion drill holes, with follow-up diamond drilling of approximately 5,000 metres anticipated in the second half of 2026 [15][16]. Group 3: Strategic Context - Canterra's land position in central Newfoundland offers optionality across multiple commodity exposures and deposit styles, supported by established mining communities and infrastructure [19]. - The company controls a 55-kilometre extension of the gold-bearing trend that hosts Equinox Gold's Valentine Mine, enhancing its potential for gold discovery [4][22].
Canterra Minerals Appoints Matt Manson to Board of Directors and Grants Annual Equity Incentives
Globenewswire· 2026-02-04 12:00
Core Viewpoint - Canterra Minerals Corporation has appointed Matt Manson to its Board of Directors, bringing extensive experience in the mining sector, while also announcing the retirement of Michael Power from the Board [1][3]. Group 1: Appointment of Matt Manson - Matt Manson is a geologist and mining executive with over 30 years of international mining experience, including roles in exploration, permitting, mine development, financing, operations, and capital markets [2]. - Manson has previously served as President and CEO of Marathon Gold Corporation and Stornoway Diamond Corporation, leading significant projects such as the Valentine Gold Project and the Renard Diamond Project [2]. - His expertise is expected to be valuable for Canterra as it advances its gold and critical minerals projects in Newfoundland [4]. Group 2: Retirement of Michael Power - The company expresses gratitude to Michael Power for his years of service and contributions to Canterra, particularly regarding the Buchans Project [3][4]. Group 3: Equity Grants - Canterra has granted a total of 1,505,000 stock options to directors, officers, employees, and consultants, exercisable at a price of $0.20 per share for a period of three to five years [5]. - Additionally, 1,257,500 deferred share units (DSUs) and 300,000 restricted share units (RSUs) have been granted, with specific vesting schedules [6]. Group 4: Investor Relations Agreement - Canterra has entered into a consulting agreement with Grignan Holdings Ltd. (Peterson Capital) for investor relations services, effective February 3, 2026 [7]. - Peterson Capital specializes in connecting high-growth companies with retail investment advisors and funds [8]. - The agreement includes a term of twelve months and consultant fees of CAD$85,000, subject to TSX Venture Exchange approval [11]. Group 5: Company Overview - Canterra is focused on critical minerals and gold exploration in central Newfoundland, with projects located near the past-producing Buchans Mine and Teck Resources' Duck Pond Mine [13]. - The company's gold projects are situated along a structural corridor that hosts mineralization within Equinox Gold's Valentine Mine project [13].
Canterra Minerals Intersects High-Grade Gold at Wilding in Central Newfoundland, Including 10.89 g/t Au over 31.5 m
Globenewswire· 2026-01-20 12:00
Core Insights - Canterra Minerals Corporation reported high-grade gold mineralization results from its Wilding Gold Project, with a notable intercept of 31.5 metres averaging 10.89 g/t Au [1][2][6] - The drilling program indicates the potential for a high-grade, district-scale gold system in Newfoundland, an attractive mining jurisdiction [2][6] Drilling Highlights - A total of 1,243 metres of large diameter core drilling were completed across 18 drill holes in fall 2025, targeting the Elm and Alder Zones, as well as a new target, Aspen [2][6][7] - Significant results include: - WL-25-100: 31.5 metres at 10.89 g/t Au, including 5.4 metres at 41.00 g/t Au [3][6] - WL-25-101: 6.6 metres at 8.22 g/t Au, including 2.15 metres at 24.74 g/t Au [3][6] - WL-25-95: 4.1 metres at 6.16 g/t Au, including 1 metre at 20.96 g/t Au [3][6] Geological Insights - The Elm Zone is interpreted as a mineralized gold corridor approximately 300 metres along-strike and 100 metres down-dip, indicating significant resource potential [6][8] - The drilling confirmed the continuity of high-grade quartz-sulphide gold veins, with alteration halos suggesting a larger hydrothermal system [6][8] Future Plans - The company plans follow-up drilling to better constrain vein orientation, true width, and continuity, aiming to enhance the project's strategic value [19][22] - The follow-up program will focus on testing new vein concepts and expanding the known extent of mineralization [19][22] Sampling and Analytical Methods - HQ drill core was logged, photographed, and sampled at the company's secure facility, with samples analyzed by an independent accredited assay lab [20][23] - The quality assurance program includes the insertion of certified reference materials, blanks, and duplicates, ensuring reliable assay results [23] Company Overview - Canterra Minerals is focused on critical minerals and gold exploration in central Newfoundland, with projects located near significant past-producing mines [26] - The company's gold projects are strategically positioned along the same structural corridor as Equinox Gold's producing Valentine Mine [26]
Investor.Events Announces the 3rd Annual Investor Icebreaker: The Michael Gentile Mining Showcase
TMX Newsfile· 2026-01-06 23:25
Core Insights - The Investor Icebreaker: The Michael Gentile Mining Showcase is set to take place on January 27, 2026, in Vancouver, coinciding with a bullish market for precious metals and significant investor interest [1][5][7] - This event is designed as an exclusive forum for high-net-worth individuals, family offices, and institutional investors focused on the resource sector [2][15] - The showcase features companies from Michael Gentile's personal portfolio, providing attendees with vetted investment opportunities backed by a respected investor in the mining sector [3][4][10] Event Details - The Investor Icebreaker is strategically scheduled between the Vancouver Resource Investment Conference (VRIC) and the Association for Mineral Explorations (AME) Roundup conference, enhancing its relevance during Vancouver's Mining Week [5][6] - The event will include focused 1-on-1 and 3-on-1 meetings, allowing for efficient networking among serious investors and presenting companies [12][13] - Following the main event, attendees can network in a VIP suite during an NHL game, providing a relaxed environment for relationship building [14] Market Context - Current market conditions are favorable for investments in precious metals, with metals reaching all-time highs and a strong sentiment among investors [7][34] - The event aims to capitalize on this bull market, offering a platform for strategic validation of companies presented by Michael Gentile [33][34] Attendee Profile - The event is exclusively for sophisticated investors, including high-net-worth individuals, family offices, institutional investors, and professionals from capital markets [18][15] - The application-only registration process ensures a curated environment, fostering meaningful interactions between qualified investors and presenting companies [17][15] Featured Companies - A diverse range of companies will be showcased, including Aeonian Resources, American Pacific Mining Corp., and Arianne Phosphate Inc., among others, all selected for their strong management teams and project fundamentals [9][4]
Canterra Minerals Closes $5.7M Flow-Through Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-24 00:30
Core Viewpoint - Canterra Minerals Corporation has successfully closed a private placement, raising a total of C$5,705,361.51 through the issuance of Critical Minerals flow-through shares and National flow-through shares [1]. Group 1: Private Placement Details - The company issued 10,980,000 Critical Minerals flow-through shares at a price of C$0.25 per share, generating gross proceeds of C$2,745,000 [2]. - Additionally, 12,871,137 National flow-through shares were issued at a price of C$0.23 per share, resulting in gross proceeds of C$2,960,361.51 [3]. - The total gross proceeds from both share types will be utilized for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will be directed towards the exploration of the company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5]. Group 3: Finder's Fees and Warrants - In connection with the private placement, the company paid finders fees of C$50,000 in cash and issued 135,848 non-transferable finders' warrants [6]. - The finders' warrants related to CMFT Shares are exercisable at C$0.25 per warrant, while those related to FT Shares are exercisable at C$0.23 per warrant, both valid for 12 months from issuance [6]. Group 4: Securities Regulations - The securities issued in the private placement are not registered under the United States Securities Act and cannot be offered or sold to U.S. persons without registration or an applicable exemption [8]. Group 5: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects located near the historically significant Buchans Mine and Teck Resources' Duck Pond Mine [9]. - The company's gold projects are situated along a structural corridor that hosts mineralization within Equinox Gold's mine project, indicating potential for significant discoveries [10].
Canterra Minerals Closes $5.7M Flow-Through Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-24 00:30
Core Viewpoint - Canterra Minerals Corporation has successfully closed a private placement, raising a total of C$5,705,361.51 through the issuance of Critical Minerals flow-through shares and National flow-through shares [1]. Group 1: Private Placement Details - The company issued 10,980,000 Critical Minerals flow-through shares at a price of C$0.25 per share, generating gross proceeds of C$2,745,000 [2]. - Additionally, 12,871,137 National flow-through shares were issued at a price of C$0.23 per share, resulting in gross proceeds of C$2,960,361.51 [3]. - The total gross proceeds from both share types will be utilized for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" as defined by the Income Tax Act [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will be directed towards the exploration of the company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5]. Group 3: Finder's Fees and Warrants - In connection with the private placement, the company paid finders fees of C$50,000 in cash and issued 135,848 non-transferable finders' warrants [6]. - The finders' warrants related to CMFT Shares are exercisable at C$0.25 per warrant, while those related to FT Shares are exercisable at C$0.23 per warrant, both valid for 12 months from issuance [6]. Group 4: Securities Regulations - The securities issued in the private placement are not registered under the United States Securities Act and cannot be offered or sold to U.S. persons without registration or an applicable exemption [8]. Group 5: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects located near the historically significant Buchans Mine and Teck Resources' Duck Pond Mine [9]. - The company's gold projects are strategically located along a structural corridor that hosts mineralization within Equinox Gold's Valentine mine project [10].
Canterra Minerals Announces Increase to Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-19 22:05
Core Viewpoint - Canterra Minerals Corporation has announced an increase in its non-brokered flow-through private placement, aiming for total gross proceeds of up to C$5.7 million to support exploration activities in Newfoundland [1]. Group 1: Private Placement Details - The Upsized Private Placement will offer up to 10,940,000 Critical Minerals flow-through shares at a price of $0.25 per share, generating gross proceeds of up to C$2,735,000 [2]. - Additionally, up to 12,891,304 National flow-through shares will be offered at a price of $0.23 per share, with expected gross proceeds of up to C$2,965,000 [3]. - The total gross proceeds from both share offerings will be utilized for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" as defined by the Income Tax Act [4]. Group 2: Use of Proceeds - The net proceeds from the Upsized Private Placement will be directed towards the exploration of the Company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5]. Group 3: Closing and Regulatory Information - The Upsized Private Placement is anticipated to close on December 23, 2025, subject to necessary approvals, including that of the TSX Venture Exchange [7]. - The shares will be subject to a hold period of four months plus one day following the closing date under applicable Canadian securities laws [7]. Group 4: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects located near historically significant mining sites [9]. - The Company’s gold projects are strategically positioned along a structural corridor that hosts mineralization related to Equinox Gold's Valentine mine [10].
Canterra Minerals Announces $5.0 Million Private Placement to Fund Exploration in Newfoundland
Globenewswire· 2025-12-04 12:05
Core Viewpoint - Canterra Minerals Corporation is conducting a non-brokered flow-through private placement to raise up to C$5.0 million through the issuance of Critical Minerals flow-through shares and National flow-through shares [1] Group 1: Private Placement Details - Up to 10,000,000 Critical Minerals flow-through shares will be offered at a price of $0.25 per share, aiming for gross proceeds of up to C$2,500,000 [2] - Up to 10,869,565 National flow-through shares will be offered at a price of $0.23 per share, also targeting gross proceeds of up to C$2,500,000 [3] - The total gross proceeds from both share types will be used for Canadian exploration expenses, qualifying as "flow-through critical mineral mining expenditures" and "flow-through mining expenditures" as defined by the Income Tax Act [4] Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated for the exploration of the Company's projects in central Newfoundland, specifically the Wilding Gold and Buchans Projects [5] Group 3: Closing and Regulatory Information - The private placement is expected to close on December 23, 2025, subject to necessary approvals, including from the TSX Venture Exchange [7] - The shares will be subject to a hold period of four months plus one day following the closing date under applicable Canadian securities laws [7] Group 4: Company Overview - Canterra Minerals is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects near the past-producing Buchans Mine and Teck Resources' Duck Pond Mine [9] - The Company's gold projects are located along a structural corridor that hosts mineralization within Equinox Gold's Valentine mine project, indicating significant exploration potential [10]
Canterra Intersects 7.73% Copper Equivalent Over 4.45 Metres at the Buchans Project, Newfoundland
Globenewswire· 2025-11-19 12:00
Core Insights - Canterra Minerals Corporation announced significant step-out drilling results at its 100%-owned Buchans Project, reporting 7.73% Copper Equivalent (CuEq) over 4.45 metres, indicating high-grade mineralization potential [1][3][7] Drilling Results - The recent drilling program included three holes with step-outs of approximately 50 metres, successfully extending the Two Level Zone beyond the Lundberg resource [2][4] - Previous drilling in May 2025 intersected 5.97% CuEq over 5.35 metres, demonstrating continuity of high-grade mineralization [2][3] - The Two Level Zone's mineralized footprint has expanded to approximately 200 metres by 50 metres, showcasing high-grade, transported, breccia-hosted sulphide mineralization [4][7] Mineralization Analysis - Drilling results indicate that the stockwork zone remains open and continues to expand at depth toward the northwest, consistent with the Lundberg Resource [5][7] - The latest results confirm the potential for a larger and higher-grade system at Buchans, with evidence of strong and continuous mineralization [3][4] Future Plans - Canterra plans follow-up drilling to further test the continuity and extent of mineralization at the Two Level Zone as part of an ongoing 8,000-metre drill program [9]
Canterra Minerals Announces Commencement of Drilling on the Wilding Gold Project, Newfoundland
Globenewswire· 2025-11-03 12:00
Core Viewpoint - Canterra Minerals Corporation has commenced drilling new high-grade gold targets at the Wilding Gold Project, leveraging new geological insights and data from adjacent properties to enhance exploration potential [1][2][4]. Summary of Geological Insights - New geological understanding from the summer 2025 program and data from the adjacent Valentine Mine has led to the identification of high-confidence drill targets, indicating strong potential for high-grade gold in quartz vein systems along a 55 km gold-bearing corridor [2][4]. - The company has systematically consolidated resources and expanded its land position in the central Newfoundland Mining District over the past four years, positioning the Wilding Project for future exploration [4][15]. Summary of Drill Targets - A total of 1,200 meters of large diameter (HQ) core drilling is planned across 15 drill holes, targeting stacked extensional quartz-gold-tourmaline-pyrite vein packages along known shear zones [6]. - The targets have been defined through summer 2025 fieldwork, prospecting results, re-interpreted IP geophysics, and historical data [6]. - New optical televiewer work and drone orthophotos have significantly improved target confidence, with extensional vein targets interpreted to lie parallel to previously drilled holes [6]. Specific Target Areas - **Elm, Alder, and Cedar Zones**: Historical trenching and drilling have shown significant gold grades from shear-hosted veins, with re-interpretation indicating the highest gold endowment occurs in oblique extensional vein sets [7]. - **Geophysical Anomalies**: Reprocessed IP data reveal resistivity anomalies coinciding with known quartz veins, outlining multiple previously untested targets [7]. - **High-Precision Mapping**: Detailed structural mapping has refined new target geometries for optimal drill testing [7]. - **Drilling Orientation**: New drill setups will target southwestward at shallower angles to test high-grade extensional veins similar to those at the Valentine Mine [7]. - **Downhole Data Integration**: Post-drilling optical televiewer surveys will validate vein orientations for incorporation into 3D structural and vein modeling [7]. Company Overview - Canterra Minerals is a diversified minerals exploration company focused on gold, copper, and other critical minerals in central Newfoundland, with projects located near historically significant mining sites [13][15]. - The Wilding Project is interpreted to cover a ~55 km extension of the structural corridor that hosts the Valentine Gold Mine deposits, which is expected to become Newfoundland's largest gold mine [15].