Junior Miner Unveils Record-Breaking Gold Grades in Central Newfoundland, Shares Rally
The phrase “Highest Ever Gold Samples” is sure to grab investors’ attention. That’s exactly what one micro-cap company announced this morning, sending its shares soaring.
Canterra Minerals Corp. (TSX-Venture: CTM)(OTCQB: CTMCF) announced outstanding results from its Wilding Gold Project in central Newfoundland, including grab samples reaching an exceptional 535 g/t gold. The 55 km project sits along the same gold-bearing corridor as Equinox Gold’s (TSX: EQX)(NYSE American: EQX) producing Valentine Mine. Highlights include multiple high-grade samples of 535 g/t, 169 g/t, 135 g/t, and 126 g/t Au, as well as evidence of mineralization extending 14 km along strike at the Noel Paul prospect, with samples up to 6.35 g/t Au. Additional findings, such as a 0.60 g/t Au sample at the East Alder prospect, suggest the property hosts multiple gold-bearing zones with significant exploration potential.
"These results, including our highest-ever gold sample of 535 g/t gold, confirm a very high-grade gold system and reinforce Wilding’s potential as a district-scale project," said Chris Pennimpede, CEO of Canterra Minerals. "With Equinox Gold’s Valentine Gold Mine now in production immediately next door, and our first significant high-grade results extending across the next 50 km of the corridor, Canterra is strategically positioned in one of Canada’s most exciting emerging gold camps."
Shares of CTM are currently up 19.05% at $0.125, while U.S. listed shares (CTMCF) are up 17.34% at $0.089 in late-morning trading.
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