Canterra Minerals Corporation Announces Staking of Highly Prospective Critical Metals Mineral Claims and Identifies New Zinc-Copper Massive Sulphide Targets in Newfoundland
is hosted on the limb of an isoclinal syncline. The results of a 2012 Mineral Resource Estimate ("MRE") for the Main Zone are shown below (Table 1).Mineralization was extended by drilling in 2014 by previous operators (not included in the MRE). In summer 2022 Canterra engaged Simcoe Geoscience to perform high resolution Alpha-IP over the Long Lake Project to help identify new drill targets. Two IP lines (18E, 19E) were performed over the Long Lake Project and identified two anomalous zones and three first priority VMS targets with a southwest-northeast trend. One of these
chargeability trends confirms known massive sulphide mineralization and reinforces the application of this method for the other targets, which are parallel to mineralization and along prospective geological horizons. No previous drilling has been conducted on the southern and northern targets.
The known mineralization is inferred to be on a limb of an isoclinal fold that correlates well with the newly interpreted IP data, and the new targets align well with the concept of further fold repetition and are future high priority exploration targets. The scientific and technical information contained in this news release was reviewed and approved by Christopher Pennimpede, P.Geo., President & CEO of Canterra. Mr. Pennimpede is a Qualified Person as defined by NI 43-101.