Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce that the Bureau of Land Management (BLM) has approved the Company's amended Notice of Intent (NOI) for exploration plans at the Columbus Lithium-Boron Project in Nevada. This approval provides the necessary authorization for the Company to execute an expanded drilling program targeting deeper and more extensive lithium-boron mineralization (see press releases dated February 13th, March 4th and Figure 1).
The Columbus Basin represents a highly prospective setting for lithium-boron brine accumulation, where structural controls and stratigraphic variations play a critical role in fluid migration and mineral deposition. The Company's refined exploration model focuses on key structural features, including fault-bounded sub-basins, permeability contrasts, and lithologic traps that may serve as brine reservoirs. The updated NOI allows the Company to test previously unassessed deeper targets where geophysical and geochemical data suggest the potential for enriched lithium and boron concentrations.
Targeting High-Potential Structural Traps
The newly permitted drill sites have been strategically selected based on:
Deep Structural Traps - Interpretation of basin architecture suggests that lithium-bearing fluids may be concentrating in down-dropped fault blocks and paleo-depressions, where stratigraphic sealing mechanisms help preserve brine accumulations.
Hydrothermal Influence & Fault-Controlled Migration - Geothermal activity and structural conduits within the basin supporting potential for mobilized lithium-rich fluids, concentrating mineralization within lower-permeability stratigraphic horizons.
Salinity & Boron Indicators - Previous surface and shallow subsurface sampling have identified elevated boron and lithium values, indicative of brine transport pathways linked to deeper reservoir potential.
Figure 1: Permitted drill site locations on HSAMT base map highlighting the large volume of conductive material (<1 ohm prospective for brine formation) and interpreted structure.
The Company has gravel stockpiled at site for drill pad work and is engaging with contractors and finalizing logistics for drilling, while concurrently advancing discussions with potential strategic partners with a view towards expanding and accelerating the scope of work during the next phase of drilling.
Historical Data
The results from drilling completed by previous operators are historical in nature and the Company is only treating this information as relevant from a targeting perspective. Historical data from the newly acquired ground has been incorporated into the Company's 3D model and used to support drill targeting, which is expected to include a drill hole in the vicinity of CSM17-01.
About Canter Resources Corp.
Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment 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 technology and domestic clean energy supply chains in North America.
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.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's plans for the Project and the payments related thereto, the issuance of the Consideration Shares and the Company's expected exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
