Canterra hits multiple gold-mineralized intervals from fall drilling at Wilding project

Canterra Minerals (TSXV: CTM; OTC: CTMCF) has received results of a 4,200-metre diamond drill program completed in December 2021 at its wholly owned Wilding gold project. An additional 4,000-metre campaign has since begun and is still underway.

A total of 19 holes were drilled as part of the 2021 fall program, targeting the expansion of known gold mineralization in several zones, including Red Ochre, Elm, Alder and new discovery Dogberry. Assays for 17 drill holes were reported.

The new results are highlighted by hole WL-21-54 at the Red Ochre zone, which intersected 0.5 metre at a grade of 81.52 grams gold per tonne and 4 metres at 1.14 grams gold. Hole WL-21-53, also at the Red Ochre zone, intersected 42 metres at 0.57 grams gold, including 15 metres at 1.01 gram gold and including 4 metres at 2.68 grams gold, confirming that broad zones of gold mineralization at Red Ochre now extends over a strike of 770 metres.

At the Alder zone, hole WL-21-49 interested 12 metres at a grade of 0.71 grams gold, including 0.6 metre at 3.38 grams and 1.8 metres at 2.02 grams gold. Hole WL-21-48, a 350-metre stepout at the Alder zone, intersected 1.5 metres at 3.03 grams gold, more than doubling the strike extent at Alder from 200 to 550 metres.

Hole WL-21-59, drilled at the Elm zone, intersected 6.5 metres at a grade of 3.63 grams gold, including 1.2 metres at 18.66 grams and 1.5 metres at 1.79 grams gold.

Located in central Newfoundland, the Wilding property is located adjacent to Marathon Gold’s (TSX: MOZ) Valentine Lake project, directly northeast along the Valentine Lake shear zone, which which hosts the Marathon, Leprechaun and Berry deposits.

“These results successfully expanded on previous gold zones identified at Red Ochre and Alder. We are particularly pleased to see longer intervals similar to Marathon Gold, as well as some multi-ounce, high-grade intersections,” Cooper Quinn, president of Canterra, commented.

“We are encouraged to see the breadth of mineralization in holes like WL-21-53 at Red Ochre, where stacked mineralization is present over 40 metres with significant higher-grade zones within. The program expanded the strike extent of mineralization at Red Ochre to nearly 800 metres, all within 250 metres of surface. This mineralization remains open in both directions along strike and at depth,” Quinn added.

The current drill program is focused on continued expansion of Red Ochre along strike, as well as all new targets on the western portion of the property, closer to Marathon’s Valentine Lake deposit.