Canter Receives Formal Water Permits Issued by the NDWR and Engages SRK for Permitting at Columbus
CSE:CRC
OTC:CNRCF
FRA:601
CanterResources.com
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Canter Receives Formal Water Permits
Issued by the NDWR and Engages
SRK for Permitting at Columbus
Vancouver, British Columbia, December 14, 2023 – Canter Resources Corp. (CSE:CRC |
OTC:CNRCF | FRA:601) (“Canter” or the “ Company”) is pleased to announce that the formal water
permits pertaining to Applications 90140 and 92509 have now been issued by the Nevada Division of
Water Rights (“NDWR”). This final step in the approval process grants access to appropriate the waters
of the State of Nevada, for a total amount of groundwater of 2,235.64 acre-feet annum from the Columbus
Salt Marsh Valley Basin, 118 (see news release Nov 28, 2023 for more details).
“We are thrilled to formally have water permits in place that cover the Columbus Lithium -Boron Project
and a significantly broader area within the strategically located Columbus Basin,” commented CEO
Joness Lang. “This is a major milestone given the water access challenges in the region, and I’d like to
personally thank our partners (Craig family) for all of the time and hard work that went into securing these
permits.” Mr. Lang added, “We have also engaged SRK to support our permitting work for our initial well
drilling and remain on track to commence our Phase I program at Columbus during the first half of
Q1/2024.”
The Company recently engaged SRK Consulting (“SRK”) to provide strategic environmental permitting
support. Personnel from SRK’s Elko and/or Reno, Nevada offices will be assigned to the Columbus
Project with initial steps including the filing of a Notice of Intent (NOI) and permitting for the Company’s
highest priority drillhole/well locations.
About the Columbus Lithium-Boron Project
The 23,000-acre and 100% -controlled Columbus Lithium -Boron Project (the “Project”) presents a
compelling case for significant lithium mineralization in brines given its strategic location, geological
setting, and promising geochemical profile. The Project’s strategic location within the Basin and Range
Province is central to the basin's structural and hydrological closure over the past 23 million years. This
unique and distinct structural setting creates a potential reservoir for lithium and boron mineraliz ation.
Previous drilling provides evidence of a network of aquifers and Luna Lithium’s drill hole north of the
priority target area also returned up to 1,600 ppm lithium in clays. Phase I drilling is set to commence
during Q1/2024.
CSE:CRC
OTC:CNRCF
FRA:601
CanterResources.com
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Qualified Person (QP)
The technical information contained in this news release was reviewed and approved by Eric Saderholm
P.Geo, Director 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 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 inquires please contact:
T: 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.
Certain information set forth in this news release may contain forward -looking statements that involve substantial known and unknown risks and
uncertainties, including, but not limited to, the completion of the Transaction and related matters. These forwar d-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of Canter Resources Corp., including, but not limited to, the impact of general
economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency
fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers are cautioned that the
assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as
such, undue reliance should not be placed on forward-looking statements.