10/13/2026
Canterra Minerals has announced a 55% increase in the Indicated mineral resource at the Lundberg Deposit, growing from 16.8 million to 26.1 million tonnes.
Including the separately classified Inferred resource, Lundberg now contains approximately 27 million tonnes of identified mineral resources, representing a significant increase over previous estimates.
With substantial copper, zinc, lead, silver and gold mineralization, ongoing exploration, and further drilling results expected, this is an encouraging development for the future of mining in the historic Buchans district.
A copper and zinc deposit near Buchans, in central Newfoundland, is 55% bigger than first thought, according to new estimates.
Canterra Minerals, the mining company behind the project, says the site also holds smaller amounts of lead, silver and gold. The company plans to keep exploring and expand its work across the area around the town of Buchans.
What could this significant mineral expansion mean for job growth and economic opportunities across central Newfoundland?
