Canterra Minerals Corporation has disclosed promising prospecting results from its Victoria Project located in central Newfoundland. Initial findings include significant copper grades in samples collected from the site, with one sample from angular float showing a copper content of 18.65%, and another from an outcrop registering 6.8%.
The Victoria Project is strategically placed within the Central Newfoundland Mining District, close to other Canterra projects including Bobby's Pond and Daniel's Pond, both known for their substantial sulphide mineralization. The area shares geological characteristics with these existing projects, suggesting potential for further significant findings.
Chris Pennimpede, President and CEO of Canterra, expressed optimism about the initial results from the Victoria Project, which will be integrated into the company's broader exploration strategy during the summer 2024 program. This program aims to explore Canterra's seven projects across the district more comprehensively.
Historical mining activities at the Victoria Project site include an adit, shafts, and drifts mined for massive sulphide mineralization around the turn of the nineteenth century, although it never reached commercial production levels. Previous explorations conducted by Noranda in the 1990s and Celtic Minerals Ltd from 1999 to 2007 also underscored the project's mineral potential.
In addition to the Victoria Project, Canterra provided updates on its nearby Bobby's Pond and Daniel's Pond Projects. Bobby's Pond has historical resources indicating significant zinc and copper deposits, while Daniel's Pond is noted for its zinc, lead, and silver content.
All samples from the Victoria Project were processed with stringent quality assurance and control measures, ensuring reliable data to guide further exploration activities. The ongoing work aims to validate and potentially expand upon historical findings, contributing to a more comprehensive understanding of the region's mineral resources.
