Canterra Minerals Corporation (TSXV: CTM) has kicked off a new drilling campaign at its Wilding Gold Project in central Newfoundland, targeting high-grade gold zones along a 55-kilometer mineralized corridor shared with Equinox Gold’s recently opened Valentine Mine.

The program will include approximately 1,200 meters of large-diameter core drilling across 15 holes. The focus: testing for stacked quartz-gold-tourmaline-pyrite vein systems within shear zones that were previously underexplored.

According to Canterra, the targets were defined using data from its summer 2025 fieldwork, new interpretations of induced polarization (IP) geophysics, and structural mapping supported by drone imagery and optical televiewer surveys. The reanalysis suggests that high-grade gold is concentrated in extensional vein sets running parallel to earlier drill holes — a key change in the company’s geological model.

“Over the past four years, Canterra has been systematically consolidating resources and expanding its land position within the central Newfoundland Mining District,” said Chris Pennimpede, President and CEO of Canterra Minerals. “Development at the nearby Valentine Mine has provided new geological insights that support target development and advancement of known and new zones at Wilding. With gold markets strengthening, this program provides an opportunity to unlock new high-grade discoveries along one of Atlantic Canada’s most prospective gold corridors.”

Key Drill Zones

• Elm, Alder, and Cedar Zones: Historical work by Antler Gold (2016–2017) and Canterra (2021) uncovered shear-hosted gold veins. New interpretations indicate the richest mineralization may occur in cross-cutting extensional veins.
  
  
• Geophysical Anomalies: Reprocessed IP surveys highlight resistivity anomalies that align with quartz veins and point to previously untested gold-bearing structures.
  
  
• Refined Target Geometry: Updated structural mapping has informed new drill orientations, with holes to be drilled southwestward at shallower angles than past programs to better intersect stacked veins similar to those seen at Valentine Mine.

Following drilling, Canterra plans to use optical televiewer data to refine 3D models of the vein systems and guide follow-up work.

The exploration effort may receive financial support through Newfoundland and Labrador’s Junior Exploration Assistance Program, which provides funding for early-stage mineral exploration across the province.

Pennimpede, a registered Professional Geoscientist and Qualified Person under National Instrument 43-101, has reviewed and approved the technical information for this phase of exploration.