Commencement Of 10-Hole Drill Program At Columbus Project

VANCOUVER - Canter Resources Corp. has commenced a 10-hole Geoprobe drill program at the Columbus Lithium-Boron Project, located near Tonopah, Nevada. Drilling will focus on a substantial sub-surface 5 by 10-kilometre (<1 ohm-metre) brine target identified by the interpretation of significant geophysical data and 3D modeling. The low-impact and low-cost Geoprobe drilling, ideal for near-surface analysis, has been designed to collect both sediment and water samples from surface to depths exceeding 30 metres (m) (100 foot target depth). Data from this initial program is expected to provide additional stratigraphic and geochemical data that will further inform the Company’s geological model, while targeting lithium, boron and potassium concentrations from the shallowest brine generation layer within the primary target areA. The program is expected to take approximately 10 days to complete with Cascade Drilling LP as the selected contractor.

"This is an exciting step for the Company as we have commenced our first phase of drilling at Columbus," said CEO Joness Lang. "The Geoprobe drilling will test a shallow subset of the favourable stratigraphic units at Columbus, and we are keen to see results from this highly conductive layer of the basin in an area that has very limited geochemical results to-date."