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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 3D induced polarization anomalies and structural corridors, with an initial 2,000 metres planned and an additional 3,000 metres of follow-up testing later in the year [7][8]. - The Victoria Lake Supergroup portfolio will involve a belt-wide target ranking initiative across multiple VMS deposits, anticipating up to 5,000 metres of targeted diamond drilling [11][12]. Group 2: Specific Project Details - At the Wilding Gold Project, an initial field program of approximately 250 percussion drill holes has commenced, with follow-up diamond drilling planned for the second half of 2026 [4][16]. - The Wilding Project aims to refine and prioritize high-confidence bedrock targets for diamond drill testing, focusing on areas proximal to known gold occurrences [15][16]. - Canterra's land position in central Newfoundland provides optionality across multiple commodity exposures and is supported by established mining communities and infrastructure [19].