# Phase 1 Drilling Program Initiated at the Buchans Critical Minerals Project, Newfoundland Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed Original source: https://money.tmx.com/en/quote/CTM/news/8829974627260193/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf Publisher: tmx Original announcement: 2025-03-25T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Canterra Minerals Corporation - Ticker: CTM - Exchange: TSX - Region: Newfoundland - Primary commodity: Zinc - Secondary commodities: Lead, Copper, Silver, Gold - Document categories: Resource update, Drill results, Other - Extracted: 2026-09-15 19:24:31 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Canterra Minerals has commenced its 2025 Phase 1 drilling program at the Buchans Project in Newfoundland, targeting up to 10,000 metres of diamond drilling. The program focuses on the Pumphouse and Lundberg targets to expand existing resource opportunities and test for new discoveries near high-grade historical VMS deposits. Reasoning: The announcement marks the start of a significant 10,000m drilling campaign targeting high-grade historical VMS mineralization, though no new assay results are provided in this release. - Positive factor: commencement of 10,000m drilling program - Positive factor: targeting high-grade VMS historical zones - Positive factor: near resource expansion opportunities Facts used in scoring: 11 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The program targets areas near the high-grade historical Oriental and Lucky Strike orebodies. Evidence · text > Pumphouse: This prospect represents an underexplored fault repeat of the Oriental mine horizon located 500 m northwest from the former Oriental orebody ## Extracted facts Stored fact records: 11. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-drill-facts-0) Needs review: drill\_no\_hole\_id #### Identity - Region: canada\_nl - Reported Region: canada\_nl - Ticker: CTM #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Announcement of a substantial 10,000m drilling campaign. - Positive factor: significant drilling meterage Evidence · text > Up to 10,000 m of diamond drilling at Buchans #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "- March 25, 2025\) - Canterra Minerals Corporation \(TSXV: CTM\) \(OTCQB: CTMCF\) \(FSE: DXZB\) \("Canterra" or the "Company"\) i" ## Resource Estimates (10) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-1) Buchans Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: copper - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:f262de2563961566ceb5 - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 16790000 - Grade: 0.42 - Grade Unit: % #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. - Positive factor: large tonnage Evidence · text > Lundberg's 2019 Resource Estimate \(effective date of February 28, 2019\) includes In-pit Indicated Mineral Resources 16,790,000 tonnes grading of 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag & 0.07 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-2) Buchans Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: zinc - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:f262de2563961566ceb5 - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 16790000 - Grade: 1.53 - Grade Unit: % #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. - Positive factor: large tonnage Evidence · text > Lundberg's 2019 Resource Estimate \(effective date of February 28, 2019\) includes In-pit Indicated Mineral Resources 16,790,000 tonnes grading of 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag & 0.07 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-3) Buchans Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: lead - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:f262de2563961566ceb5 - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 16790000 - Grade: 0.64 - Grade Unit: % #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. - Positive factor: large tonnage Evidence · text > Lundberg's 2019 Resource Estimate \(effective date of February 28, 2019\) includes In-pit Indicated Mineral Resources 16,790,000 tonnes grading of 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag & 0.07 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-4) Buchans Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: silver - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:f262de2563961566ceb5 - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 16790000 - Grade: 5.69 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. - Positive factor: large tonnage Evidence · text > Lundberg's 2019 Resource Estimate \(effective date of February 28, 2019\) includes In-pit Indicated Mineral Resources 16,790,000 tonnes grading of 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag & 0.07 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-5) Buchans Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: gold - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:f262de2563961566ceb5 - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 16790000 - Grade: 0.07 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. - Positive factor: large tonnage Evidence · text > Lundberg's 2019 Resource Estimate \(effective date of February 28, 2019\) includes In-pit Indicated Mineral Resources 16,790,000 tonnes grading of 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag & 0.07 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-6) Buchans Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: copper - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:7c31ca39cceddc49e50d - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 380000 - Grade: 0.36 - Grade Unit: % #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. Evidence · text > as well as In-pit Inferred Mineral Resources totaling 380,000 tonnes at a grade of 0.36% Cu, 2.03% Zn, 1.01% Pb, 22.35 g/t Ag & 0.31 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-7) Buchans Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: zinc - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:7c31ca39cceddc49e50d - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 380000 - Grade: 2.03 - Grade Unit: % #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. Evidence · text > as well as In-pit Inferred Mineral Resources totaling 380,000 tonnes at a grade of 0.36% Cu, 2.03% Zn, 1.01% Pb, 22.35 g/t Ag & 0.31 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-8) Buchans Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: lead - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:7c31ca39cceddc49e50d - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 380000 - Grade: 1.01 - Grade Unit: % #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. Evidence · text > as well as In-pit Inferred Mineral Resources totaling 380,000 tonnes at a grade of 0.36% Cu, 2.03% Zn, 1.01% Pb, 22.35 g/t Ag & 0.31 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-9) Buchans Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: silver - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:7c31ca39cceddc49e50d - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 380000 - Grade: 22.35 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. Evidence · text > as well as In-pit Inferred Mineral Resources totaling 380,000 tonnes at a grade of 0.36% Cu, 2.03% Zn, 1.01% Pb, 22.35 g/t Ag & 0.31 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/phase-1-drilling-program-initiated-at-the-buchans-critical-minerals-project-newf--6b0e60b1-53d6-4280-a06c-422e3f6a1eed#fact-resource-facts-10) Buchans Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Buchans Project - Commodity: gold - Region: canada\_nl - Reported Region: Newfoundland - Ticker: CTM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Moore - Resource group id: resource:7c31ca39cceddc49e50d - Deposit or zone: Lundberg - Material type: other - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 380000 - Grade: 0.31 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2019-02-28 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-28T00:00:00.000Z #### Dates - Event date: 2025-03-25T00:00:00.000Z Reasoning: Historical resource estimate provided for context; not new results. Evidence · text > as well as In-pit Inferred Mineral Resources totaling 380,000 tonnes at a grade of 0.36% Cu, 2.03% Zn, 1.01% Pb, 22.35 g/t Ag & 0.31 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 6.1 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.