Canterra Minerals (CTM.V) has now completed its winter diamond drill program at its flagship Buchans critical minerals project in Newfoundland. The company drilled eight holes for a total of just under 2,400 meters on two target areas. At West clementine, the company drill-tested a large chargeability anomaly with stockwork mineralization while the holes that were completed at Two Level / Lundberg were designed to work towards an updated resource calculation by the end of this year or early 2027.
All samples have been shipped to the lab, and we should see the assay results sometime in the first half of June. The data gathered from the drill program will be combined with the integration of historical drilling and data from geophysics to refine the H2 2026 drill targets.
Canterra Minerals also completed 181 percussion holes along the 55 kilometer long Valentine structural trend at its Wilding gold project. These percussion holes are a relatively easy and cheap way to sample the bedrock beneath the glacial overburden in an area where you can’t really rely on outcrops. This is a technique that has been widely used in for instance Finland and it will be interesting to see the gold values from the percussion drill program. The results of this basal till program will be used to define the H2 2026 diamond drill targets at Wilding.
This will be a busy year for Canterra Minerals as both main projects are being advanced at the same time.
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