Vancouver, British Columbia — (Newsfile Corp. – April 7, 2024) – Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) (“canter” or “companyAfter interpreting recently acquired third-party data and completing 3D modeling, our technical team was immediately mobilized to the site to stake out limited open space along the western edge of the Columbus Lithium-Boron Project. I am happy to report that (“columbus” or “projectThe full surface sampling dataset shown in Figure 1 contains highly anomalous lithium (“Li”) values along our former western boundary and beyond. Moreover, our 3D modeling, especially the HSAMT resistivity shell, highlighted the range expansion. And just 2 kilometers to the company's former property line, the open conductive zone to the west (see press release dated March 30, 2024), the land package now spans a massive 29,600 acres (119 km²) has reached.
“Before we begin our drilling campaign, we have significantly expanded our land package in Columbus to cover the full range of our most promising lithium-enriched brine lands,” said Jones Lang, CEO of Canter Resources. I'm excited to be able to do it.” “Our team sees great potential in Columbus and is excited to begin geoprobe drilling, which will begin soon.”
clock: Video animation highlighting Columbus surface and 3D model results, newly staked ground, and substantial lithium brine target including initial drilling locations. Watch the video here >
3D modeling helped uncover the vast potential within the Columbus project area. Through careful analysis of geological structure and resistivity patterns, the company identified a westward conducting zone that indicates a widening corridor of potentially lithium-bearing saline water. This insight is very important because it suggests a continuous zone that extends beyond the original land boundaries (see Figure 1).
In addition, HSAMT data are crucial for understanding the subsurface characteristics of the project area. The leading edge of the HSAMT investigation ends within a region exhibiting extremely low resistivity, indicating highly conductive material, likely related to saline concentration. As the study reached its westernmost point, this cutoff coincided with a trend of anomalous lithium values in surface sediments extending westward. This discovery supports the decision to expand the land package, thereby widening the scope for further exploration and identification of potential resources.
Figure 1: Diagram showing an expanded land package distinguishing current claim boundaries and newly staked land. We highlight HSAMT openings of less than 0.5 ohm meters to the west and complete third-party data including flank samples to the west extending within and beyond the former boundary.
To view an expanded version of this graphic, please visit:
https://images.newsfilecorp.com/files/10112/204646_3118d57ac445eb1f_001full.jpg
Canter Resources is now poised to undertake a more comprehensive Phase II exploration program. This next stage will include an expansion of the geophysical survey area with the aim of thoroughly mapping the resistivity and structural profile across the newly acquired land.
photo1: Cantor Senior Geologist Trevor Hawkins stakes geoprobe collar positions during a recent western expansion claim staking trip at the company's Columbus Lithium Boron Project.
To view an expanded version of this graphic, please visit:
https://images.newsfilecorp.com/files/10112/204646_3118d57ac445eb1f_002full.jpg
Qualified Person (QP)
The technical information contained in this news release has been reviewed and reviewed by Eric Saderholm P.Geo, Director and Technical Advisor of Canter Resources, who is a Qualified Person (QP) as defined in National Instrument 43-101 – Mineral Project Disclosure Standards. Approved.
About Canter Resources Corp.
Canter Resources Corp. is a Canadian junior mineral exploration company advancing the Columbus Lithium-Boron Project in Nevada, USA, and the Beaver Creek Lithium Facility in Montana, USA. We are preparing for a Phase I drilling campaign in Columbus targeting highly prospective lithium brines, with the aim of leveraging our critical metal target database to define Earth-supporting mineral resources. We plan to generate a portfolio of high-quality projects. Clean energy supply chain in North America.
For more information, please contact us below.
jones lang
chief executive officer
canter resource company
jlang@canterresources.com
For investor inquiries, please contact us below.
Christina Pilon, High Tide Consulting Corporation
Phone: 604.908.1695
investors@canterresources.com
The Canadian Securities Exchange has not approved or disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204646.
