Canter Completes Updated 3D Model for The Columbus Lithium-Boron Project in Nevada
Canter Completes Updated 3D Model for The
Columbus Lithium-Boron Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2025) - Canter Resources Corp. (CSE:
CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("
Canter
" or the "
Company
") is pleased to announce that it has
completed an updated and comprehensive 3D geological and geophysical model for the Columbus
Lithium-Boron Project ("
Columbus
" or the "
Project
"), located near Tonopah, Nevada. This
achievement represents a major step forward in understanding the basin setting and the structural and
lithological controls driving mineralization, reinforcing the Project's potential as a premier exploration
target.
The model is the culmination of extensive work across an area covering approximately 24,000 acres
(>97 km²), incorporating comprehensive survey data and both historical and recent exploration results.
"Our 3D model has advanced significantly, and the foundation has been set to take informed discovery
shots at varying depths within the basin where structure, geophysics and interpreted mineralized
pathways point to the highest priority targets at Columbus," stated CEO, Joness Lang.
Watch:
Short 3D model Animation
Key components and highlights of the 3D Model include (see Figures 1-4):
Seismic Surveys
: High-resolution 2D Active seismic data delineating subsurface stratigraphy,
structural complexities, and basin architecture, enabling identification of traps and fault zones
critical to resource localization.
A total of
11.1-line kilometres
of seismic data were acquired, reinterpreted and modeled.
These surveys identified major fault zones and traps, providing a subsurface understanding
of the basin architecture to depths exceeding
10,000 feet
.
Hybrid-Source Audio-Magnetotellurics (HSAMT)
: Two phases totaling
9 lines covering more
than 46 kilometres in length
, mapping resistivity variations to depths of 1,000 metres, revealing
highly conductive zones indicative of brine formation and providing critical insights into
stratigraphic variations and subsurface fluid distribution.
Gravity and Magnetics Datasets
: By leveraging gravity and magnetic data generated by the
USGS in 2024, the model highlights key subsurface density contrasts and magnetic anomalies,
enhancing understanding of the basin's structural framework and potential mineral pathways.
Historical Data Integration
: Historical drill results, borehole gamma and nuclear magnetic
resonance (NMR) data were incorporated, providing a foundation for understanding porosity,
permeability, and lithological variability.
Regional Structural Framework
:
Integration of the basin's tectonic history and structural fabrics provides critical context for
understanding fluid migration and reservoir compartmentalization.
Target Delineation:
The 3D model identifies three key zones essential for lithium brine exploration:
Brine Generation Zone
- This uppermost layer initiates lithium-boron concentration through
surface processes such as evaporation, precipitation, and seasonal hydrological inputs, providing
the foundation for deeper reservoirs. Canter has demonstrated success in identifying and
establishing this zone through previous exploration programs, which have confirmed anomalous
brine values of up to
871 mg/L boron
and
76.4 mg/L lithium.
Structural Pathways
- Defined by faults and fractures, these conduits facilitate brine migration
through the basin, shaping fluid movement and dictating accumulation zones for high-grade lithium
deposits.
Structural-Lithologic Traps
- These reservoirs, formed by structural barriers and lithologic
variations, serve as prime targets for brine extraction, hosting the highest concentrations of lithium-
rich fluids.
By mapping these hidden reservoirs and structural pathways, Canter enhances its ability to optimize drill
targeting and maximize exploration success in the Columbus Basin.
Figure 1:
Plan view showing regional/local structure and proposed drill sites
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10112/238162_509a8c52946479ae_001full.jpg
The primary brine reservoir targets are shown in red and secondary brine targets in yellow (see Figures
2-4), highlighting the structural complexities often concealed beneath young surficial sediments. Unlike
the traditional "bathtub" model of South American salars, Nevada's lithium brine reservoirs are best
targeted with a detailed structural framework to support drill locations.
Figure 2:
Section view highlighting 2017 Mantle Minerals drill hole and Canter proposed drill hole
targeting significant lithium and boron concentrations within interpreted structural wedge.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10112/238162_509a8c52946479ae_002full.jpg
The Company views this shallower target (Figure 2 above) with particular interest given the low cost to
test and opportunity to step-out further laterally if initial test work successfully shows significant
concentrations of lithium and boron within the upper 150 metres. The more widely adopted basin deposit
model calls for the strongest mineral accumulations to occur at depths starting from approximately 250
metres (see Clayton Valley generalized cross section, showing structural position of aquifers and
accumulations below)
Figure 3:
Origin of Lithium-rich Brine, Clayton Valley, Nevada
1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10112/238162_509a8c52946479ae_003full.jpg
Figure 4:
N-S section line (A-A') cross section looking east. Model depicts lithology and interprets
mineralized zones with structural traps that will be tested during 2025 drilling at the Columbus Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10112/238162_509a8c52946479ae_004full.jpg
Next Steps:
The Company is in the process of submitting an amended NOI with the BLM and additional borehole
permits with the Nevada Division of Minerals (DMRE). Further updates on progress will be reported in
the coming weeks.
For more information about boron and lithium, please visit the Company's
Boron 101
and
Lithium 101
pages on the website.
Quality Assurance / Quality Control (QA/QC)
Sediment samples are analyzed by ALS using the Analysis Method ME-ICP61, a four-acid digestion
with ICP-AES finish. This method, while acquiring near-total values, may not quantitatively extract all
elements in some sample matrices. It is suitable for intermediate-level lithium analysis in the exploration
of Li-bearing sediments. To address boron loss during the four-acid digestion process, the Company
includes the analysis of a single acid digestion (B-ICP41) to retain boron values. The Company is
implementing a QA/QC protocol for sediment sampling to include Li and B CRMs sourced from Shea
Clark Smith/MEG, Inc. and blank material.
Qualified Person (QP)
The technical information contained in this news release was reviewed and approved by Eric Saderholm
P.Geo, Director and Technical Advisor 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 Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron
Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is
completing a phased drilling approach at Columbus to test highly prospective brine targets at varying
depths for lithium-boron enrichment 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 technology and domestic clean energy supply chains in North America.
For further information contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.
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.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities
laws. All statements contained herein that are not clearly historical in nature may constitute forward-
looking statements. Generally, such forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or may contain statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or
"will be achieved". The forward-looking information and forward-looking statements contained herein
include, but are not limited to, statements regarding the Company's plans for the Project and the
payments related thereto, the issuance of the Consideration Shares and the Company's
expected
exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially from those expressed or implied by such
statements, including but not limited to: requirements for additional capital; future prices of minerals;
changes in general economic conditions; changes in the financial markets and in the demand and
market price for commodities; other risks of the mining industry; the inability to obtain any necessary
governmental and regulatory approvals; changes in laws, regulations and policies affecting mining
operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on any forward-looking statements or information.
No forward-looking statement can be guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are made and the Company does
not undertake any obligation to publicly update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise.
________________________
1
(
Source: Davis, J.R., Friedman, I. and Gleason, J.D., 1986. Origin of the lithium-rich brine, Clayton Valley, Nevada. US Geological Survey
Bulletin Number 1622, pp.136.)
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