13:42:31 EDT Fri 17 May 2024
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Canter Resources Corp
Symbol CRC
Shares Issued 50,988,401
Close 2024-04-22 C$ 0.26
Market Cap C$ 13,256,984
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Canter Resources begins drill program at Columbus

2024-04-23 10:23 ET - News Release

Mr. Joness Lang reports

CANTER RESOURCES COMMENCES 10-HOLE DRILL PROGRAM AT THE COLUMBUS LITHIUM-BORON PROJECT IN NEVADA

Canter Resources Corp. has commenced a 10-hole Geoprobe drill program at the Columbus lithium-boron project, located near Tonopah, Nev.

Drilling will focus on a substantial subsurface five-kilometre-by-10-kilometre (less than one ohm-metre) brine target identified by the interpretation of significant geophysical data and 3-D modelling. The low-impact and low-cost Geoprobe drilling, ideal for near-surface analysis, has been designed to collect both sediment and water samples from surface to depths exceeding 30 metres (100-foot target depth). Data from this initial program are expected to provide additional stratigraphic and geochemical data that will further inform the company's geological model, while targeting lithium, boron and potassium concentrations from the shallowest brine generation layer within the primary target area. The program is expected to take approximately 10 days to complete with Cascade Drilling LP as the selected contractor (see press release dated March 27, 2024).

"This is an exciting step for the company as we have commenced our first phase of drilling at Columbus," commented Canter chief executive officer Joness Lang. "The Geoprobe drilling will test a shallow subset of the favourable stratigraphic units at Columbus, and we are keen to see results from this highly conductive layer of the basin in an area that has very limited geochemical results to date."

Geoprobe drilling is a highly effective approach to hydrologic and geological assessments using advanced drilling technology that enables precise and versatile subsurface sampling. This program offers significant advantages over traditional drilling methods for shallow subsurface testing, including faster data collection and the ability to perform a variety of sampling techniques. The company's primary goal of this program is to obtain a range of water samples within the upper 30 m interval; however, sediment samples will also be collected as part of the campaign.

Qualified person (QP)

The technical information contained in this news release was reviewed and approved by Eric Saderholm, PGeo, director and technical adviser of Canter Resources, a qualified person (QP), as defined under National Instrument 43- 101 -- Standards of Disclosure for Mineral Projects.

About Canter Resources Corp.

Canter Resources is a Canadian junior mineral exploration company advancing the Columbus lithium-boron project in Nevada, United States, and the Beaver Creek lithium property in Montana, U.S. The company is completing phase I exploration and drilling at Columbus to test a highly prospective lithium-brine target and plans to leverage the company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the domestic clean energy supply chain in North America.

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