Canterra Minerals Corporation: Drilling Commences on Buffalo Hills Property
09 Février 2010 - 2:30PM
Marketwired
Canterra Minerals Corporation (TSX VENTURE: CTM) ("Canterra") is
pleased to announce on behalf of the Buffalo Hills Joint Venture
that diamond drilling has commenced on the Buffalo Hills Project
located in Northern Alberta (See www.canterraminerals.com for
project location and description).
The field portion of the $1.1 million Exploration Program
adopted by the Buffalo Hills Joint Venture Management Committee for
the 2010 program is focused on completing the delineation drill
program, that to date has resulted in the drilling of 41 holes for
6,818 metres over three kimberlite pipes. Evaluation of these drill
cores has so far resulted in the development of three-dimensional
models for the K6, K14 and K252 kimberlites. Over the next 5 weeks,
approximately 11 drill holes for a total of 2,000 metres will be
completed on the K5 and K91 kimberlites. Four additional tests will
target priority grid locations on the K6 and K14 pipes. The 2010
fieldwork is expected to complete preliminary three-dimensional
models for the K5, K6, K14, K91 and K252 pipes. These geologic
models will guide the selection of "high interest" bodies for
mini-bulk sampling in subsequent field programs.
The Buffalo Hills project is a joint venture with Canterra
(28.5%), Shore Gold Inc. (28.5%), and EnCana Corporation (43%).
Canterra is the Operator of the Buffalo Hills Joint Venture with
Canterra and Shore each contributing 50% of the exploration
expenditures.
David Clarke, P.Geol., MSc., Senior Vice President of
Exploration for Canterra is a Qualified Person as defined by
National Instrument 43-101 and is responsible for program design
and quality control of exploration undertaken by Canterra.
CANTERRA MINERALS CORPORATION
Randy C. Turner, President
Certain of the statements made and information contained herein
is "forward-looking information" within the meaning of the British
Columbia Securities Act. This includes statements concerning the
Company's plans at its mineral properties, which involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company, or
industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking information.
Forward-looking information is subject to a variety of risks and
uncertainties which could cause actual events or results to differ
from those reflected in the forward-looking information, including,
without limitation, the ability of the Company to continue to be
able to access the capital markets for the funding necessary to
acquire and maintain exploration properties and to carry out its
desired exploration programs; inability to fund the Company's share
of costs incurred under joint venture agreements to which it is a
party, and reduction or elimination of its joint venture interest
as a result; competition within the minerals industry to acquire
properties of merit, and competition from other companies
possessing greater technical and financial resources; difficulties
in executing exploration programs on the Company's proposed
schedules and within its cost estimates, whether due to weather
conditions in the areas where it operates, increasingly stringent
environmental regulations and other permitting restrictions, or
other factors related to exploring in the north, such as the
availability of essential supplies and services; factors beyond the
capacity of the Company to anticipate and control, such as the
marketability of minerals, government regulations relating to
health, safety and the environment, the scale and scope of
royalties and taxes on production; unusually mild winter conditions
affecting or delaying the opening of the winter roads and resulting
difficulties in transporting materials needed to support various
exploration projects and resulting increased costs of transport by
air; the availability of experienced contractors and professional
staff to perform work in a competitive environment and the
resulting adverse impact on costs and performance and other risks
and uncertainties, including those described in each management
discussion and analysis. In addition, forward-looking information
is based on various assumptions including, without limitation,
assumptions associated with exploration results and costs and the
availability of materials and skilled labour. Should one or more of
these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly,
readers are advised not to place undue reliance on forward-looking
information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly
update or revise forward-looking information, whether as a result
of new information, future events or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
news release.
Contacts: Canterra Minerals Corporation Randy Turner President
604-687-6644 604-687-1448 (FAX) www.canterraminerals.com
Canterra Minerals (TSXV:CTM)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Canterra Minerals (TSXV:CTM)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024