Canterra Minerals (CTM.V) is entering a self-proclaimed high-impact discovery phase on its Newfoundland based assets as the company will complete up to 15,000 meters of diamond drilling across its projects. The bullet points below nicely summarize the breakdown of the drill program.
We are mainly looking forward to seeing the results of this year’s planned work program at Buchans, where the company will drill-test some of the high-priority targets that were generated based on the 2025 deep-seeking 3D IP program. Additionally, more drilling will take place at Lundberg and at the high-grade Two Level zone.
An initial 2,000 meters has been earmarked for the West Clementine drill target (where drilling has started), with an additional 3,000 meters of drilling to be completed later this year.
It will also be interesting to see the results from the 5,000 meters of drilling that’s planned for the Wilding gold target. The initial field program will consist of 250 very shallow holes as part of a top-of-bedrock sampling program, which has already started, followed by a diamond drill program in the second half of this year.
The company is fully funded to complete all of its planned exploration activities this year.
Disclosure: The author has no position in Canterra Minerals. Canterra Minerals 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.
