Canterra Minerals
Primary ticker: TSXV: CTM, OTCQB: CTMCF
Stage of development: Exploration
Primary minerals: Copper, Zinc, Lead, Silver, Gold
Project to promote: Buchans, Lemarchant boomerang, Long Lake
Project location: Canada
Website: canterraminerals.com
Corporate presentation: Click here
On the back of the transformational acquisition that Canterra completed at the end of 2023, we have consolidated the entire central Newfoundland Mining District, where we wholly-own all 6 known, deposits (totaling 26 Mt) and the exploration ground adjoining and adjacent to Calibre Mining’s Valentine mine. The cornerstone asset of this acquisition is the past producing tier 1 Buchans mine (Cu, Zn,Pb,Au,Ag) and that’s where we see the real potential for the next major discovery in this prolific /base metal belt. We feel this asset could yield another high grade base metal tier 1 type discovery.
Cash: CAD 1.9M
Debt: NIL
Major shareholders:
Michael Gentile – 5%
Eric Sprott – 5%
Buchans resources Limited – 12%
Altius resources – 2%
Management Ownership – 3%
Financials
Management Profile
Mr. Chris Pennimpede, CEO is a professional geologist focused on making tier 1 discoveries. He has extensive experience working with exploration-stage companies advancing mining projects. Previously, Mr. Pennimpede served as an exploration geologist Underworld Resources, and Northern Empire Resources and Kinross Gold.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
29 August – start of drilling at Buchans, 20 December 2023 –consolidation the Buchans project and the central Newfoundland Mining District
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Real results from Buchans shows incremental growth to the existing resource base and confirmation of the broader property wide exploration concept
6 Months:
Using AI to develop tier 1 VMS targets within the Brownfields at Buchans and complete a substantial raise to support future exploration of the project
12 Months:
A new mine trend like discovery within the Brownfields of the Buchans project
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
What do you think makes your company such a compelling investment?
What are the top 3 key investor takeaways?
Maiden drill program on the high-grade polymetallic Buchans mine which hasn’t been publicly drilled in over a decade, consolidation of the entire central Newfoundland Mining District, employing machine learning and AI driven techniques to digest over 50 years of my data to help yield the next discovery in the Brownfields