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Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to report final drill results corresponding to the solid (clay/sediment) samples from the final nine (9) holes of its 15-hole Phase I drill program at the Columbus Lithium-Boron Project ("Columbus" or the "Project"), located near Tonopah, Nevada.
While Canter is focused on exploring the multi-tiered aquifer system and targeting mineral resources within the basin's brines at Columbus, sampling the sedimentary units provides valuable geochemical data for the Company to correlate with brine results to establish mineralization patterns and stronger predictive modeling. The final batch of solid assay results includes the highest-grade lithium and boron sedimentary values from Phase I.
New Assay Highlights (peak values over minimum 4.9 ft (1.5 metres) sample length)
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CB24-011G: 3,850 ppm B; 710 ppm Li; 3.3% K
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CB24-004G: 4,700 ppm B; 840 ppm Li; 3.1% K
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CB24-005G: 2,900 ppm B; 740 ppm Li; 3.7% K
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CB24-020G: 2,550 ppm B; 680 ppm Li; 3.6% K
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CB24-021G: 4,280 ppm B; 680 ppm Li; 3.6% K
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CB24-022G: 3,160 ppm B; 680 ppm Li; 3.8% K
Notes: m=metres; ppm=parts per million; B=boron; Li=lithium; K=potassium
See Figure 1 (plan view), Figure 2 (section view of holes 001G-005G) and Table 1 for summary of all solid assay results from Phase I.
"The final solid assay results from Phase I drilling further demonstrate the significant and widespread mineralization starting right from surface at Columbus," commented Canter CEO, Joness Lang. "The increasing concentration trends with depth we previously observed from the final brine results are reflected here again with our solid samples increasing in grade as well (see Figure 2). We are excited to get underway with Phase II drilling in mid-August to build on a very successful inaugural program."
Figure 1: Plan view showing all highlighted clay assay intervals from Phase I (red drill hole ID labels correspond to newly reported results).
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Phase I Observations and Takeaways
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Widespread Lithium and Boron Mineralization: Phase I Geoprobe results confirm the presence of significant concentrations of lithium and boron in multiple zones (brines/solids), supporting the Project's mineral resource potential.
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Discovery of Two Distinct Shallow Aquifers: The drilling program successfully identified two separate aquifers less than 100 ft deep, with high conductivity and Total Dissolved Solids (TDS) each showing distinct geochemical signatures.
