Canterra Minerals (CTM.V) has released the results of a property-wide 3D IP survey on its Buchans polymetallic project in Newfondland. The survey was intended to look for large scale anomalies with geophysical signatures that mirror those of the historic high-grade Buchans orebodies. This survey was the largest and deepest geophysical survey ever conducted on the project and reached depths of up to 800 meters from surface, which is substantially lower than where most historical exploration activities occurred.
And the 3D IP survey didn’t disappoint: it highlighted five large scale anomalies that have never been drill-tested. All anomalies have similar geophysical signatures compared to the known mineralized zones, ànd all anomalies were found along the projected extension or structural repeats of the Buchans Mine host stratigraphy. The Nu target was already known (due to the VRify AI software), and the 3D IP survey has confirmed the validity of this exploration target.
Now these additional targets have been defined, Canterra Mineral has immediately kicked off Phase 3 of its 10,000 meter drill program. This phase will consist of 6,000 meters of drilling focusing on four of the highest priority targets.
More drill targets could be added later on, but Canterra will already have a busy fall with these initial four targets.
Disclosure: The author has a long position in Canterra Minerals. Canterra is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
