Canterra Minerals (CTM.V; CTMCF.OTC) controls a large land package northeast of Valentine, a 4.1-millon-ounce project that will very likely become Atlantic Canada’s next gold mine.

More important to you: It also points toward a potential discovery on Canterra’s adjacent Wilding project — and results from drilling to test that premise are on the way.

Dear Fellow Investor,

Newfoundland is Canada’s hottest gold exploration region right now.

A series of discoveries made on the island province in the past few years has kicked off a staking rush, as explorers take a fresh look at its major structural features.

It’s a boom that has already created big winners, including Marathon Gold and New Found Gold.

And the money that has poured into the exploration sector due to gold’s post-Covid-crash bull run is now funding a blizzard of drilling in Newfoundland.

All this regional exploration, combined with the buzz around this hot district, means that all players in the province offer an area play angle for investors, where a big discovery by one company causes a run on all others with active projects in the region.

But if you want to make a drill-hole bet on a company with a great chance to actually make that big discovery, consider Canterra Minerals (CTM.V; CTMCF.OTC) as one favorite to win the Newfoundland exploration sweepstakes.

As you’re about to see, signs are pointing toward a potentially headline-making discovery on its project…and soon.

Recent Discoveries Spark Newfoundland Staking Rush

Canterra has an edge on its junior competitors because its core Wilding project lies adjacent to, and just northeast of, the Valentine project that helped spark the recent Newfoundland staking rush.

Marathon took Valentine, an underexplored project, from a 200,000-ounce resource to more than four million ounces in just five years, and in the process, that discovery drew explorers to the province in droves.

The following two maps of Newfoundland — one of the region prior to the big recent discoveries in 2016 and one showing the region’s major players today — underscore just how explosive the staking rush has been.

As you can see, major new gold deposits now dot the landscape and a relatively sleepy gold region has been transformed into a hot-bed of exploration activity.

Wilding:
Next Door To Atlantic Canada’s Largest Undeveloped Gold Deposit

Having its flagship Wilding project next door to the massive Valentine project is a great thing. But the fact that it’s also clearly next in line on this established gold trend makes Canterra an obvious way to play this gold rush in many ways.

For one, it means that Marathon, or whoever eventually turns Valentine’s 4.1-million-ounce resource into Atlantic Canada’s next gold mine, will become an obvious buyer for any resource Canterra outlines at Wilding.

For another, the company’s analysis of historic data from Wilding indicates it has the very same host geology as Valentine, with the opportunity to outline both high-grade, vein-hosted mineralization and bulk-tonnage, disseminated gold.

Finally, Wilding’s location allows for low-cost drilling. Plus it has good road access and is near a collection of mining towns.

In other words, if you’re going to look for gold in North America, you’d be hard pressed to pick a more promising address than the one Canterra has secured at Wilding.

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Promising Results Get Lost In The Shuffle

And, as that historical data attests, Canterra is not starting from scratch at Wilding.

In fact, if the results of the previous operator’s 2017 exploration program had been released into a more favorable market, the project might already be much further along the exploration curve.

The 2017 program involved drilling and soil sampling. Normally, with a greenfields program, you’d expect a program like that to turn up mostly “dusters,” but the work actually identified three great targets, a remarkable hit rate.

But because these results landed in a pretty bearish gold market, investors didn’t pay much attention.

Drill Results Due Any Day

That oversight has the potential to pay off big for Canterra, as it has just completed a 2,300-metre drilling program on two of those targets — Red Ochre and Elm.

Red Ochre is a disseminated, bulk tonnage target, while Elm hosts high-grade quartz veins very similar to those that host the majority of the resource at Valentine’s Marathon deposit.

The program also tested the earlier-stage Dogberry zone, which was outlined by trenching and sampling and which looks a lot like Elm at surface.

Vein-hosted gold mineralization doesn’t always add up to much, but the Marathon deposit’s resources are hosted in extensional, stacked veins that host a lot of tonnage.

If this initial winter program turns up evidence of stacked veins on either Elm or Dogberry (or on both targets), market reaction could be swift…and very profitable for Canterra shareholders.

A Wager On Newfoundland’s Next Valentine

Seasoned gold bugs love drill-hole plays because they pay off so big when a discovery gets made.

And with drill results from Wilding due out soon, those who want to wager on those results by building a position in Canterra Minerals will want to do so soon.

Given how hot Newfoundland is as a region, success with this program could easily spark a run on Canterra’s shares.

Plus, there will be a second program this summer, giving investors a second bite at the apple (and more time to profit from Canterra’s area play potential).

Bottom line: As early-stage drill-hole speculations go, Canterra Minerals is about as compelling as they come.

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To Learn More about Canterra Minerals