Canterra Minerals (CTM.V) released additional drill results from its ongoing 10,000 meter drill program on its flagship Buchans project in Newfoundland. The company released the assay results from hole H-25-3537 which returned 68 meters of 0.99% copper-equivalent (of which approximately half effectively consisted of copper). As the table below shows, the mineralization started just 8 meters down-hole and contained several higher grade intervals as the first 11 meters for instance had an average grade of 2.14% CuEq (with 30% of the copper-equivalent grade effectively consisting of copper).
The results of hole 3537 confirm the continuity of the Lundberg deposit and appear to add value to the company’s current resource at Buchans. Canterra Minerals has released assay results of just two holes and more assay results are of course underway.
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.
