Canterra Minerals (CTM.V) had a busy winter and not only did it complete drilling on the Lemarchant deposit, it also completed ground work on several other deposits and targets in Central Newfoundland.
Last week, the company announced the results of a ground gravity survey over the Tulks East project, and the survey successfully identified the known massive sulphide mineralization on the project and the gravity anomaly remains open towards the northwest and has been traced to 600 meters beyond the previously drilled holes on the project (which already outlined a 1000 meter strike length with three massive sulphide lenses). This bodes well for the entire mineralized footprint on the project and the operator of the survey has recommended the gravity anomaly as a priority drill target.
The extension of the sulphide mineralization wasn’t the only positive outcome of the gravity survey as it detected several additional gravity anomalies and priority drill targets.
The gravity survey was the missing piece for Canterra as it originally acquired the property in 2021 on the back of the assumed additional exploration potential beyond the massive sulphide zones that were already discovered but, as CEO Pennimpede stated ‘it was missing a layer of data to corroborate the assumption’. The results of the gravity survey will now be fully interpreted and will result in additional drill targets that will be drill-tested.
Disclosure: The author has a long position in Canterra Minerals. Canterra is a sponsor of the website. Please read the disclaimer.
