Canter Resources Corp. reported that the Company has submitted its Notice of Intent to the Bureau of Land Management for planned work associated with Phase I exploration and drilling at the Columbus Lithium-Boron Project, located near Tonopah, Nevada. The Company's technical team recently completed a site trip that included engagement with the local BLM office as well as a field review.

The field trip also included reconnaissance sampling at Columbus and the identification of a potential local gravel source that is expected to reduce road and drill site preparation costs for Phase I drilling. The Company is advancing its exploration within the Columbus Basin by deploying a comprehensive auger sampling grid. This initiative targets the shallow brine-generating strata, where historical data indicates substantial lithium and boron concentrations.

This approach allows for a broad assessment of the basin's mineral potential with minimal environmental impact and refines the geochemical profile of the near-surface brines. Concurrently, Canter Resources is launching a long-screen well program to explore deeper aquifer systems. Leveraging insights from historical drilling and geophysical data, the program aims to reach depths of up to 300 metres, targeting areas with significant potential for lithium brine deposits. The initial well, strategically located based on integrated geophysical analysis, is designed to penetrate a multi-tiered aquifer systems. The long-screened well technique will enable discrete sampling from these aquifers, enhancing sample quality and data representativeness.

Additionally, a second well location has been planned 1 km away to broaden the scope of the Company's exploration efforts. Building upon these shallow and intermediate exploration phases, Canter is considering the integration of Ambient Noise Tomography (ANT) into its geophysical exploration program. ANT, capable of penetrating depths of up to 2,500 metres, will further enhance the understanding of the basin's deep structure.

This deeper exploration layer aims to delineate potential structural traps for lithium-bearing brines at depths previously unexplored, thereby augmenting the precision of subsequent drilling phases at greater depths. By employing this integrated, multi-depth approach, Canter aims to thoroughly evaluate the Columbus Basin's potential across a spectrum of geological strata, from near-surface to deep-seated brine reservoirs. Dirt work and drill site preparation will commence once the Company's NOI permit is received and approved.