Canterra Minerals (CTM.V) recently completed a high resolution IP Survey on its Lemarchant polymetallic project in Newfoundland. This type of geophysics has been a useful tool to target massive sulphide bodies, and in the most recent survey, four drill-ready targets popped up. According to the company, each of those targets has a similar IP response that ‘suggest[s] opportunities for resource expansion and/or a new discovery’. The company summarized the four new high priority drill targets below.
Canterra Minerals hopes to complete 2,500 meters of diamond drilling this fall, and the drill program will be designed to expand the known massive sulphide resources at Lemarchant but will also test new zones and anomalies.
Disclosure: The author has a small long position in Canterra Minerals. Please read the disclaimer.
