Canter Resources Receives Approval of Amended Notice of Intent, Clearing Path for Expanded Drilling at the Columbus Lithium-Boron Project
Canter Resources Receives Approval of
Amended Notice of Intent, Clearing Path for
Expanded Drilling at the Columbus Lithium-
Boron Project
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Canter Resources Corp. (CSE: CRC)
(OTC Pink: CNRCF) (FSE: 6O1) ("
Canter
" or the "
Company
") is pleased to announce that the Bureau
of Land Management (BLM) has approved the Company's amended Notice of Intent (NOI) for
exploration plans at the Columbus Lithium-Boron Project in Nevada. This approval provides the
necessary authorization for the Company to execute an expanded drilling program targeting deeper and
more extensive lithium-boron mineralization (see press releases dated February 13
th
, March 4
th
and
Figure 1).
The Columbus Basin represents a highly prospective setting for lithium-boron brine accumulation, where
structural controls and stratigraphic variations play a critical role in fluid migration and mineral
deposition. The Company's refined exploration model focuses on key structural features, including fault-
bounded sub-basins, permeability contrasts, and lithologic traps that may serve as brine reservoirs. The
updated NOI allows the Company to test previously unassessed deeper targets where geophysical and
geochemical data suggest the potential for enriched lithium and boron concentrations.
Targeting High-Potential Structural Traps
The newly permitted drill sites have been strategically selected based on:
Deep Structural Traps
- Interpretation of basin architecture suggests that lithium-bearing fluids
may be concentrating in down-dropped fault blocks and paleo-depressions, where stratigraphic
sealing mechanisms help preserve brine accumulations.
Hydrothermal Influence & Fault-Controlled Migration
- Geothermal activity and structural
conduits within the basin supporting potential for mobilized lithium-rich fluids, concentrating
mineralization within lower-permeability stratigraphic horizons.
Salinity & Boron Indicators
- Previous surface and shallow subsurface sampling have identified
elevated boron and lithium values, indicative of brine transport pathways linked to deeper reservoir
potential.
Figure 1:
Permitted drill site locations on HSAMT base map highlighting the large volume of conductive
material (<1 ohm prospective for brine formation) and interpreted structure.
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The Company has gravel stockpiled at site for drill pad work and is engaging with contractors and
finalizing logistics for drilling, while concurrently advancing discussions with potential strategic partners
with a view towards expanding and accelerating the scope of work during the next phase of drilling.
Historical Data
The results from drilling completed by previous operators are historical in nature and the Company is
only treating this information as relevant from a targeting perspective. Historical data from the newly
acquired ground has been incorporated into the Company's 3D model and used to support drill
targeting, which is expected to include a drill hole in the vicinity of CSM17-01.
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.
On behalf of the Board of Directors.
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.
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