Canter Samples 430 ppm Lithium, Acquires Historical Third-Party Data and Completes Data Integration at Columbus
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Canter Samples 430 ppm Lithium, Acquires
Historical Third-Party Data and Completes
Data Integration at Columbus
Vancouver, British Columbia, March 18, 2024 – Canter Resources Corp. (CSE:CRC | OTC:CNRCF
| FRA:6O1) (“Canter” or the “Company”) is pleased to report that the Company has acquired additional
third-party data including historical soil sampling results and geophysical survey data that highlights
significant lithium in soils along the eastern edge of the 5 by 2.5 km priority target area at the Columbus
Lithium-Boron Project (“Columbus” or the “Project”).
The acquisition of substantial third -party historical geochemical sampling data, alongside Canter's own
database and sampling efforts, provides a comprehensive dataset within the 23,000-acre project area.
This combined dataset includes 473 surface samples and reveals a maximum surface sediment lithium
(“Li”) value of 540 ppm Li. Analysis of the newly acquired third-party data shows an average concentration
of 144 ppm Li across 54 surface sediment samples and multiple locations exceeding 200 ppm Li, with
the highest value from the historical dataset reported at 348ppm Li. Additionally, previous surface brine
samples reveal lithium concentrations reaching 240 mg/L. This extensive combined dataset highlights
the basin’s potential for near-surface lithium enrichment (see Table 1 and Figure 1).
The Company recently engaged renowned geophysicist, Jim Wright of Wright Geophysics, who
completed reinterpretation of available geophysical data . The Company has also obtained airborne
magnetic and radiometric data from the recently completed collaboration between the U.S. Geological
Survey (USGS) and the Department of Energy (DOE) designed in part to support geologic and
geophysical mapping and modeling of Nevada’s lithium clay and brine resources (see Figure 2).
“We have taken methodical low-cost steps to support our Phase I drilling at shallow and moderate depths
while delineating additional targets throughout the 23,000-acre property package for subsequent
campaigns,” stated Joness Lang, CEO of Canter Resources. “We are actively updating our 3D model to
integrate our expanded dataset and reprocessed geophysics. Initial observations continue to validate our
Phase I program and highlight a significant brine target at Columbus.”
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Figure 1: Plan view showing historical/third-party geochemical results along the eastern flank of the
Columbus Project and Canter’s shallow auger assay result within the centre of the priority target area.
During a recent trip to site, the Company’s geologists completed a single, one metre (~three feet) deep
auger hole approximately 500 metres east of the first planned exploration well at Columbus. The small
portable auger rig was not suitable for reaching the interpreted upper brine layer depth; however, the
Company still collected a sediment sample at the bottom of the test hole that returned a value of 430 ppm
Li. The Company will test the upper brine layer during its upcoming Geoprobe campaign.
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Table 1: Historical 3rd Party Surface Sediment Sample Highlights
Historic 3rd Party Data Acquisition - Surface Samples
414 Total Samples Range (Li ppm) Average (Li ppm) High (Li ppm)
9 samples 300-400 337.0 392.0
24 samples 200-299.9 230.1 279.0
166 samples 100-199.9 141.4 199.5
The historical dataset was obtained from a reliable source and includes original lab assay certificates,
GPS coordinates and detailed quality assurance / quality control protocols and technical reports ,
however, the Company is still treating this dataset as historical. The Company views this data as relevant
from a targeting perspective and a guide for its own exploration model but not relying on the data for any
other purpose. To further validate and augment this data, the Company will collect additional surface
sediment and brine samples in the coming weeks, concurrently with its shallow Geoprobe drilling (see
press release dated March 6, 2024).
Reprocessing of historical gravity data, incorporating data from both regional and prop erty-specific
surveys, has identified a prominent gravity anomaly within the basin. This anomaly is indicative of a
substantial layer of low-density sediment that may extend to depths exceeding 3,300 meters.
Canter Resources has also integrated airborne magnetic and radiometric data from the USGS – DOE
collaboration. This data, underpinned by a comprehensive reinterpretation by Wright Geophysics, has
highlighted the intricate structural dynamics at play within the Columbus Basin. The detailed overlay of
this geophysical data with our conceptual model of structural kinematics has not only affirmed the
presence of a closed structural basin but has also sharpened understanding of the basin's geology.
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Figure 2: USGS airborne magnetic survey with structural interpretation
This synthesis of airborne magnetic survey data with structural interpretation provides a view into the
basin’s subsurface, revealing insights into fault orientations and movements. The analysis delineates the
complex interplay of the Coaldale Fault, CSM F ault, and their interaction with the broader tectonic
regimes of the Walker Lane and Mina Deflection, underscoring the basin's potential for lithium
enrichment.
Corporate Update Note
Further to the Company’s news release of March 14, 2024, the Company wishes to clarify that Gordon
Holmes, a director and officer of Streetwise Reports, owns 250,000 common shares of the Company.
Streetwise Reports was engaged by the Company to create image ads for use on various Streetwise
Reports digital platforms and to create a company profile page to be hosted on Streetwise Reports.
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Historical Results and QA/QC
All historical results quoted herein are based on historical data and reports obtained and prepared by
previous operators. Other than the verification procedures described in this news release, the Company
has not undertaken work to verify results and there is no assurance as to the accuracy or completeness
of included information. The Company considers this historical data to be relevant as the Company will
use this data within its exploration models and databases to guide future exploration programs, and it
should not be used for any other purpose. The Company considers the data to be reliable for these
purposes, however, the Company's future exploration work will include additional verification of the data
through further confirmation sampling in priority target areas.
The sampling procedure for the Company’s 430 ppm Li result involved auge r drilling down to
approximately three feet below the surface to penetrate the surface playa crust and access the underlying
clay zone, which exhibited an olive-green color change indicative of potential mineralogical variations.
The collected sample was then analyzed at ALS in Reno, NV, employing the LiICP -61 protocol, a
specialized test focused on lithium detection. This analysis utilized a four-acid digestion and ICP -AES
finish with a low-temperature drying process designed to minimize the volatilization of lithium.
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 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:
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Joness Lang
Chief Executive Officer
Canter Resources Corp.
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.