Canterra Reports High-Grade Copper Discovery, Begins Phase II Drilling in Newfoundland

Cantex Mine Development Corp. is raising up to C$3 million through a private placement to fund drilling at its North Rackla project in Yukon, where previous limited drilling revealed high-grade copper massive sulphide and significant germanium concentrations, a critical metal. Crescat Capital and mining industry veteran Rob McEwen are increasing their investments, signaling strong confidence in the project's potential, which resembles Australia's Broken Hill deposit with prospects for substantial growth. Meanwhile, Canterra Minerals Corporation has reported high-grade copper equivalent drill results from its Buchans Project in Newfoundland's Central Mining District, including 4.07% CuEq over 4.20 meters and 12.04% CuEq over 1.20 meters at the Pumphouse target. Following these promising results, Canterra has commenced a fully funded Phase II drilling program of 10,000 meters to explore additional high-priority geophysical anomalies and expand the resource base near the historic Buchans Mine. The recent drill intercepts confirm the presence of Buchans-style massive sulphide mineralization with significant copper, zinc, lead, silver, and gold, supporting Pumphouse as a near-term target for resource expansion. Both companies are advancing exploration in prolific mining regions, backed by strong investor support and strategic drilling programs aimed at unlocking high-grade mineralized zones.