Canstar Resources has entered into an option agreement to acquire 100% of the Eagleridge Claims, which directly adjoin the Mary March Project in Newfoundland. This consolidation allows for uninterrupted geophysical and drilling programs across the projected eastern continuation of the Mary March-Nancy April VMS system.
Canstar Resources has finalized a definitive joint venture agreement with VMS Mining Corporation for the Mary March VMS project in Newfoundland. The agreement includes an immediate C$1.0 million non-dilutive payment and a staged earn-in structure totaling up to C$11.5 million in exploration spending.
Vulcan Minerals Inc. has announced the completion of the first hole of its drilling program at the Carbonear Zinc-Lead SEDEX project in Newfoundland. No specific drill intercepts or assay results were disclosed in this update.
Anteros Metals Inc. has reported results from its first channel sampling program at the Havens Steady VMS Property in Newfoundland. The work confirms and extends near-surface polymetallic mineralization (Pb-Zn-Ag-Au-Cu) at the Main Mineralized Zone.
Canstar Resources reported encouraging trenching results at the Mary March project in Newfoundland, with pXRF spot analyses showing up to 30% zinc, 4% copper, and 3% lead. The trenching exposed semi-massive sulphides and potentially extends historic mineralization to the surface. Additionally, the company entered option agreements to acquire 29 mineral claims adjacent to the project.
Canterra Minerals has acquired 19 mineral claims at the Seal Pond VMS prospect in central Newfoundland, expanding its regional footprint near the Buchans project. The announcement highlights historical drill intercepts from 2006, including 2.84% Zn and 1.22% Cu, as the company begins a review of historical data.
