Project Highlights
Largest Land-Holdings in the Columbus Basin
with ~23,000 Acre Land Package
With extremely prospective targets for lithium and boron
World’s #1 Mining Jurisdiction
Located near Tonopah, Nevada and 28 miles from the only lithium brine production facility in the US
(Fraser Institute, 2022)
Major Brine Target Being Explored Through Drilling
Phase I drilling completed with Phase II drilling now underway
Primed for Success
Commanding land position with demonstrated proof-of-concept outlining potential for significant lithium and boron mineralization
Nevada
Hub for end-to-end domestic clean energy supply chain in the United States
Albemarle’s Silver Peak lithium brine project
Silver Peak is the only lithium producer in the US and has been in production since the 1960s – making it one of the largest lithium producers in the world
Silver Peak is a geologic and deposit style analogue to the target at the Columbus Lithium-Boron Project and is located only 28 miles away
History
The Columbus basin has seen periodic exploration over the past 150 years starting with a borax brine discovery (1871) and borax mining operations until 1885.
2021 / 2022
De-risked & Drill-ready
Drill ready targets supported by significant exploration spend, including geophysical anomalies, geochemical signatures, and historic drilling data
Proof of concept drill hole (LUN-22- 01)
Averaging ~500 ppm Li (samples ranging from 90 ppm to 1,600 ppm) and 3,446 ppm boron from top-to-bottom (665 meters – assays for clays/sediments only)*
Multi-tiered Brine System
Canter is targeting a lithium-boron brine discovery. Previous drilling has revealed lithium and boron in both shallow and deeper aquifers. Phase I 2024 drilling identified two distinct aquifers and Phase II, now underway, is targeting a potential third aquifer.
Multi-Commodity Potential at Columbus
The Columbus basin hosted historical boron (borax) production in the late 1800’s and the same volcanic source rocks that feed Ioneer’s (~$300M CAD MC) nearby feasibility-stage Rhyolite Ridge lithium-boron (sediment/clay-hosted) Project also feed the Columbus basin.
Canter is targeting a major lithium-boron brine discovery in the Columbus basin’s multi-tiered aquifer network. Phase I drilling has demonstrated potential for multi-commodity near-surface mineral resource potential with widespread lithium and boron mineralization in both brines/solids.
¹ Reserves & Resources – Ioneer Disclaimer
Note: Mineralization at nearby or adjacent properties is not necessarily indicative of mineralization hosted at the Company’s Columbus Project.
The Vendors
The Craig/Dickman family
Pioneers of Lithium in America
Actively exploring lithium deposits in Nevada for more than 15 years
Over $1B USD staked
In market capitalization over their years of discovery (November 2023)
The Next Discovery
The Columbus Lithium-Boron Project represents another potential discovery with an opportunity to fast-track towards a lithium resource
Similar geological setting to Silver Peak
~23,000 acre
Columbus Lithium-Boron Project
Columbus is unique in that it is a structurally and hydrologically closed basin in Nevada with surrounding lithium bearing tertiary volcanic ash and tuffs that have fed the basin for the past 23 million years.
Emerging Tonopah Lithium Loop
Home to one of Tesla’s major gigafactories, North America’s only producing lithium mine, new significant lithium deposits, and recipient of major funding support from US Department of Energy.
Year-round exploration with access to infrastructure
Accessible year-round via paved highway (US- 95) with local gravel access roads throughout the project area.
Large Brine Target
Multi-tiered brine system
Previous drilling identified a multi-tiered brine system with several aquifers encountered north of the primary target area
Enclosed Basin
Unique geologic/structural setting with hydrologically enclosed basin trapping mineralization at Columbus for 23 million years
Favourable coverage of gravity low anomaly
5 km by 2.5 km highly prospective target area supported by favourable geophysical anomalies and geochemical signatures
Future upside at depth
Gravity surveys indicate a deep basement (up to 3657.60 m) highlighting the exploration upside and potential at depth
Phase I drilling demonstrated significant concentrations of both lithium and boron, increasing with depth. Phase II drilling is now underway with results expected in H2, 2024.
3D Model Outlines Large Lithium-Boron Brine Target
HSAMT resistivity shells outline substantial target
Highly conductive, homogenous zone attributed to subsurface layers indicative of lithium-boron bearing brines. 3D modeling work validated proposed drill locations and outlined a more substantial subsurface brine target than previously identified/interpreted.
Multi-phased 2024 Exploration and Drilling
Phase I exploration included 3rd party data acquisition, permitting, reprocessing geophysics, 3D modelling to-date with shallow 15-hole drill campaign now completed with Phase II now underway.
Additional drilling and geophysics (MT) coverage of open-ended anomaly and expanded property package planned for Phase II.
Qualified Person (QP)
The technical information contained in this website was reviewed and approved by Eric Saderholm P.Geo, Director of Canter, a Qualified Person (QP), as defined under National Instrument 43-101-Standards of Disclosure for Mineral Projects.
Corporate Presentation
Learn more about the opportunity at Canter Resources
