Canterra Minerals Corporation announced results from a recently completed ground gravity survey over its Long Lake Project in central Newfoundland, Canada. The gravity survey returned promising results, including detection of positive gravity anomalies, in underexplored areas proximal to Canterra's Long Lake deposit. Highlights: Long Lake Main Zone horizon detected as an open-ended, 2 kilometre long gravity anomaly and remains underexplored at depth.

Multiple positive gravity anomalies detected in underexplored area, including several anomalies coincident with recommended drill targets by Abitibi Geophysics, who operated the gravity survey. Based on the initial results of the gravity survey, the Company has commenced a review of the gravity results in conjunction with other available datasets, including IP surveys completed by Canterra in 2022. This review will assess the targets generated by Abitibi Geoph physics as well as identify deeper drilling targets associated with the known Long Lake mineralized horizons.

"Long Lake has tremendous exploration potential and was identified as such when going through the due diligence process in 2021 prior to acquisition. The project contains a small historical resource based on very limited drilling and also has a patchwork of geophysical survey coverage, suggesting that there were extensions to not only the deposit, but potentially new massive sulfide lenses to be found.