CTM Canterra Minerals Corp

Canterra Minerals Corporation (TSX VENTURE:CTM) ("Canterra") is pleased to
announce that the Buffalo Hills Joint Venture Management Committee has adopted a
$1.1 million Exploration Program for the Buffalo Hills Project located in
Northern Alberta. (See www.diamondex.net for project location and description).


The field portion of the 2010 program is focused on completing the delineation
drill program that, to date, has resulted in the completion of 41 drill holes
totaling 6,818 metres over three kimberlite pipes. Evaluation of the drill cores
has advanced the development of three-dimensional geological models for the K6,
K14, and K252 kimberlites. Starting in February 2010, approximately 11 drill
holes totaling approximately 1,980 metres will be completed on the K5 and K91
kimberlites and 4 additional drill holes will target priority grid locations on
the K6 and K14 pipes. Upon completion of the 2010 field work, it is expected
that preliminary three-dimensional geological models will be completed for the
K5, K6, K14, K91 and K252 pipes. These models will guide the identification of
"high interest" bodies for mini-bulk sampling in subsequent field programs.


The Buffalo Hills project is a joint venture with Canterra (28.5%), Shore Gold
Inc. (28.5%), and EnCana Corporation (43%). Canterra is the Operator of the
Buffalo Hills Joint Venture with Canterra and Shore each contributing 50% of the
exploration expenditures.


David Clarke, P.Geol., MSc., Senior Vice President of Exploration for Canterra
is a Qualified Person as defined by National Instrument 43-101 and is
responsible for program design and quality control of exploration undertaken by
Canterra.


CANTERRA MINERALS CORPORATION

Randy C. Turner, President

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the British Columbia
Securities Act. This includes statements concerning the Company's plans at its
mineral properties, which involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking information. Forward-looking information is subject to a variety
of risks and uncertainties which could cause actual events or results to differ
from those reflected in the forward-looking information, including, without
limitation, the ability of the Company to continue to be able to access the
capital markets for the funding necessary to acquire and maintain exploration
properties and to carry out its desired exploration programs; inability to fund
the Company's share of costs incurred under joint venture agreements to which it
is a party, and reduction or elimination of its joint venture interest as a
result; competition within the minerals industry to acquire properties of merit,
and competition from other companies possessing greater technical and financial
resources;

difficulties in executing exploration programs on the Company's proposed
schedules and within its cost estimates, whether due to weather conditions in
the areas where it operates, increasingly stringent environmental regulations
and other permitting restrictions, or other factors related to exploring in the
north, such as the availability of essential supplies and services; factors
beyond the capacity of the Company to anticipate and control, such as the
marketability of minerals, government regulations relating to health, safety and
the environment, the scale and scope of royalties and taxes on production;
unusually mild winter conditions affecting or delaying the opening of the winter
roads and resulting difficulties in transporting materials needed to support
various exploration projects and resulting increased costs of transport by air;
the availability of experienced contractors and professional staff to perform
work in a competitive environment and the resulting adverse impact on costs and
performance and other risks and uncertainties, including those described in each
management discussion and analysis. In addition, forward-looking information is
based on various assumptions including, without limitation, assumptions
associated with exploration results and costs and the availability of materials
and skilled labour. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on forward-looking
information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events or otherwise.

Canterra Minerals (TSXV:CTM)
Historical Stock Chart
From Jun 2024 to Jul 2024

Canterra Minerals (TSXV:CTM)
Historical Stock Chart
From Jul 2023 to Jul 2024