Canter Advances Drill Plan and Submits Notice of Intent for Columbus Lithium-Boron Project
CSE:CRC
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Canter Advances Drill Plan and Submits Notice of
Intent for Columbus Lithium-Boron Project
Vancouver, British Columbia, February 6, 2024 – Canter Resources Corp. (CSE:CRC |
OTC:CNRCF | FRA:6 O1) (“Canter” or the “ Company”) is pleased to report that the Company has
submitted its Notice of Intent ( “NOI”) to the Bureau of Land Management ( “BLM”) for planned work
associated with Phase I exploration and drilling at the Columbus Lithium-Boron Project (“Columbus” or
the “Columbus Basin”), located near Tonopah, Nevada.
The Company’s technical team recently completed a site trip that included engagement with the local
BLM office as well as a field review. The field trip also included reconnaissance sampling at Columbus
and the identification of a potential local gravel source that is expected to reduce road and drill site
preparation costs for Phase I drilling.
“The filing of our NOI marks another key milestone and step towards commencing our first drill hole and
corresponding exploration well to begin testing of the prospective 5 kilometre (“km”) by 2.5 km target
area at Columbus ,” commented Canter Resources CEO and Director Joness Lang . “We are also
finalizing plans to complete a shallow-grid auger drill program that will complement our exploration well
drilling by providing greater lateral coverage and generate valuable near -surface data from the
shallowest layer of brine in the basin.”
The Company is advancing its exploration within the Columbus Basin by deploying a comprehensive
auger sampling grid (see Figure 1) . This initiative targets the shallow brine -generating strata, where
historical data indicates substantial lithium and boron concentrations. This approach allows for a broad
assessment of the basin's mineral potential with minimal environmental impact and refines the
geochemical profile of the near-surface brines.
Concurrently, Canter Resources is launching a long -screen well program to explore deeper aquifer
systems. Leveraging insights from historical drilling and geophysical data, the program aims to reach
depths of up to 300 metres, targeting areas with significant potential for lithium brine deposits. The initial
well (CB24-001, see Figure 1) , strategically located based on integrated geophysical analysis, is
designed to penetrate a multi-tiered aquifer systems. The long -screened well technique will enable
discrete sampling from these aquifers, enhancing sample quality and data representativeness.
Additionally, a second well location has been planned 1 km away to broaden the scope of the Company’s
exploration efforts.
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Building upon these shallow and intermediate exploration phases, Canter is considering the integration
of Ambient Noise Tomography (ANT) into its geophysical exploration program. ANT, capable of
penetrating depths of up to 2,500 metr es, will further enhance the understanding of the basin's deep
structure. This deeper exploration layer aims to delineate potential structural traps for lithium -bearing
brines at depths previously unexplored, thereby augmenting the precision of subsequent drilling phases
at greater depths. By employing this integrated, multi-depth approach, Canter aims to thoroughly evaluate
the Columbus Basin's potential across a spectrum of geological strata, from near-surface to deep-seated
brine reservoirs. Dirt work and drill site preparation will commence once the Company’s NOI permit is
received and approved.
Figure 1: Initial grid auger stations and top priority exploration well locations on HSAMT base map
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About Canter Resources Corp.
Canter Resources Corp. is a Canadian junior mineral exploration company advancing the Columbus
Lithium-Boron Project in Nevada, USA, the Beaver Creek Lithium Property in Montana, USA, and the
Puzzle Lake Property in Saskatchewan, Canada. The Company is preparing for a Phase I drill campaign
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.
For further information contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
For investor inquiries contact:
Tel: 604.908.1695
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian
Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.