Canterra Minerals Corporation intersected 144.0 metres of 0.75% copper equivalent from 64.0 metres down-hole, including a higher-grade interval of 76.0 metres grading 1.00% copper equivalent, at the Lundberg Deposit within the Buchans Project in central Newfoundland.

The vertical infill hole, H-26-3568, was drilled to test continuity within the central stockwork system. The intercept included an 18.0-metre core section at the top grading 1.56% copper equivalent, comprising 0.38% copper, 3.21% zinc, 1.85% lead, 5.84 grams per tonne silver, and 0.073 grams per tonne gold.

A second infill hole, H-26-3564, returned 5.0 metres at 0.39% copper equivalent from 77.0 metres and 12.25 metres at 0.28% copper equivalent from 126.0 metres. A third hole, H-26-3565, tested a down-dip extension and returned 16.0 metres at 0.12% copper equivalent from 129.0 metres. Regionally, two holes totaling 575 metres tested the Horseshoe target 10.6 kilometres southwest of Lundberg, intersecting amygdaloidal basalt breccia with weak alteration but no significant sulphide mineralization.

“This is exactly the type of result we wanted from the centre of Lundberg: 144 metres of continuous polymetallic mineralization beginning near surface, with a higher-grade core of 18 metres at 1.56% CuEq at the top of the interval. It fills an important gap between historical holes and gives us greater confidence in the continuity of the system as we advance our updated mineral resource estimate for Lundberg.”

“Lundberg is the anchor for our broader Buchans District strategy. With the Lundberg drilling complete, our drilling is now moving into Lemarchant and the broader pipeline of satellite and discovery targets.”

— Chris Pennimpede, President and CEO

The Lundberg Deposit anchors the company's consolidated Buchans District strategy, which encompasses multiple past-producing deposits near Teck Resources' Duck Pond Mine. Phase 2 drilling is currently underway at the Lemarchant satellite deposit as part of a 6,000-metre district exploration allocation, combining extension and infill drilling with greenfields targeting.

In parallel, a detailed property-wide gravity survey has been commissioned across priority areas. Canterra continues to target delivery of an updated Mineral Resource Estimate for the Lundberg Deposit in Q4 2026, with results from the ongoing gravity survey also expected in the fourth quarter.

Read the full announcement: Canterra Minerals Intersects 144m of 0.75% CuEq, Including 76m of 1.00% CuEq at Lundberg Deposit, Newfoundland