Canterbury Resources Limited announced that it has completed the acquisition of Neillkins Pty Ltd. which holds EPM 27756 covering the Peenam Project in Queensland. EPM 27756 was granted on 18 November 2021 for a three-year term. EPM 27756 comprises 24 sub-blocks and is located 150km northwest of Brisbane, with good site access via highways, local roads and farm tracks. The land is currently used for cattle production. The Project covers a section of the north-south trending Esk Trough which comprises Triassic age andesitic volcanics intruded by late Triassic dioritic plutons. Some of the intrusions are intimately associated with epithermal style Au-Ag-Hg and porphyry style Cu-Au-Mo mineralisation. Initial exploration in the area by BHP Gold in the late 1980s targeted volcanics in the Esk Trough deposited in a rift environment. Au-Ag-Hg occurrences in the area were compatible with mineral deposition at shallow depth. BHP Gold undertook a regional -80 mesh stream sediment sampling program with samples analysed for Au (bulk cyanide leach method), Hg and As. Anomalous values were recorded in streams draining the Peenam area, centred on an area of strong quartz-sericite alteration which had affected volcanics and a small dioritic intrusion. Rock chip and soil sampling confirmed the presence of low-grade Au mineralisation within the general area of the hydrothermal alteration. BHP Gold, and subsequently their joint venture partner Keela Wee, drilled 19 shallow reverse circulation drill holes outlining a broad area of low-grade Au mineralisation. However, no assaying for copper was undertaken.