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Canada

Buchans (Lundberg) Project

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Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Zinc
  • Lead
  • Copper
  • Silver
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Buchans Mine property includes the past-producing Buchans Mine previously operated by ASARCO between 1928 and 1984. The Buchans Project also hosts a large, undeveloped, near-surface resource of stockwork sulphide mineralization known as the Lundberg deposit. Lundberg’s resource estimate, completed in 2019, was made current upon Canterra’s filing of a Technical Report (June 4, 2024 ).

Results from the 2024 Buchans drilling program are located within, or immediately adjacent to, the Lundberg open pit resource and are anticipated to augment and enhance future resource estimate updates at Lundberg, the largest and most advanced copper-zinc-lead deposit within the Central Newfoundland Mining District.

The 2011 PEA for Lundberg Deposit is historical in nature. The historical mining study is no longer relevant or reliable.
Latest NewsCanterra Minerals Drills 105 metres of 1.53% Copper Equivalent Including 14 metres of 5.39% Copper Equivalent at the Buchans Project     December 2, 2024

Owners

SourceSource
CompanyInterestOwnership
Canterra Minerals Corp. 100 % Indirect
Canterra Minerals became the registered owner of the Buchans Property on December 20, 2023, upon completion of its purchase of the Property from Buchans Resources Limited and its subsidiary Buchans Minerals Corporations.

Deposit type

  • VMS
  • Breccia pipe / Stockwork
  • Vein / narrow vein

Summary:

The Buchans area deposits and showings are classified as being of volcanogenic massive sulphide (VMS) association, primarily comprised of base-metal sulphides and barite and show strong similarities to the Kuroko style deposits of Japan (Thurlow, 1981).

The Buchans deposits include three distinct but genetically related deposit types, and occur as in situ sulphides, mechanically transported sulphides, and stockwork sulphides (Thurlow and Swanson, 1981).

The Lundberg Deposit is comprised of two mineralized zones, these being the Lundberg zone and the Engine House zone, both of which are hosted by felsic to intermediate volcanic rocks of the Buchans Group and lie within the NE-SW trending Central Mobile Belt (CMB) of Central Newfoundland (Williams, 1979; Kean et al., 1981; Swinden, 1990, Williams 1995). The Buchans Group is a Lower Ordovician volcanic sequence that ranges in composition from basalt to rhyolite and shows a relative increase in its felsic component with height in the stratigraphic section (Thurlow and Swanson, 1981). Five main Zn-Pb-Cu-Ag-Au deposits were historically mined at Buchans and all occur in association with the same felsic stratigraphic horizon within the Buchans Group (Thurlow and Swanson, 1981). The Lundberg Deposit surrounds the former Lucky Strike mine site, where ASARCO operated a near-surface underground and glory hole mining operation until mine closure in 1984. The Lundberg Deposit is mainly comprised of stockwork mineralization surrounding and lying below the Lucky Strike orebody but includes some massive sulphide mineralization that was not mined by former operations.

Stockwork mineralization at Buchans consists of a network of sulphide veins and veinlets that cut strongly altered and sulphidized host rocks. The largest known concentration of stockwork and disseminated mineralization at Buchans is the Lundberg zone that underlies the Lucky Strike deposit. The stockwork mineralization has a higher ratio of pyrite to base metal sulphides than the in situ sulphide zones and is typified by presence of fine to coarse grained pyrite with lesser amounts of chalcopyrite, sphalerite, galena and barite (Thurlow and Swanson, 1981). This mineralization occurs within felsic volcanic rocks of the Buchans River Formation below the Lucky Strike deposit and extends into the underlying intermediate to mafic Ski Hill Formation (Jambor, 1987). The Lundberg zone stockwork mineralization comes to surface on the eastern edge of the zone and forms an elongate, wedge-shaped body that is 250 m deep on the western end. The highest concentration of sulphide mineralization lies in close proximity to the previously mined Lucky Strike massive sulphide zone and mineralization is more diffuse away from the zone. A second zone of stockwork mineralization is associated with the Engine House zone, which is located immediately south of the Lucky Strike deposit, and this zone has a higher proportion of chalcopyrite to other base metal sulphides.

Mineralization
Buchans Area
Mineralization in the Buchans area is associated with the three main genetically related mineral deposit types: 1) massive in situ sulphide; 2) transported sulphide clasts; and 3) stockwork and stringer sulphides.

The Lucky Strike and Oriental #1 deposits are the best-known examples of the in situ sulphide style of mineralization, contain the highest metal grades mined in the Buchans area and occur on the Property (Thurlow and Swanson, 1981). Massive in situ sulphides exhibit various textures, but massive, finegrained, streaky texture is most common and occurs in aggregates of sphalerite, galena, barite and lesser chalcopyrite. Thurlow et al. (1975) reported presence of trace amounts of enargite, native silver and argentite, ruby silver and gold tellurides, in addition to native silver and gold in this style of mineralization. Minor sulphides also include tetrahedrite-tenantite, chalcocite and bornite. Pyrite forms a relatively minor part of the massive sulphide assemblage but is more common in association with stockwork sulphides (Thurlow and Swanson, 1981). The paragenetic sequence of mineral deposition is complex and includes resorption, fracturing and re-deposition. Pyrite appears to be the first mineral deposited and sphalerite, chalcopyrite and galena are thought be deposited at the same time. However, chalcopyrite is also seen as blebs, lamellae and veins (Strong, 1981).

Transported mineralization occurs as elongate, tabular accumulations of discrete fragments of high-grade sulphides (Thurlow and Swanson, 1981). These deposits reflect transport by density flows that were controlled by paleo-topographic lows that extended down slope from in situ sulphide zones. The MacLean, Rothermere, Clementine and Oriental #2 deposits are examples of transported sulphide styles of mineralization. Together with the massive style, they represent 98% of the production from Buchans deposits. The transported mineralization occurs as mechanically transported sulphide breccia lenses composed of sulphide bearing fragments derived from in situ sulphide zones (Thurlow and Swanson, 1981). These deposits potentially demonstrate transport of as much as 2 km from source areas. Sulphide fragments range from angular to sub-rounded and display streaky textures, with sphalerite, galena, chalcopyrite and barite being the main minerals. Unlike the in situ sulphide ore deposits, these deposits have no associated stockwork zone. Stockwork mineralization is typically associated spatially with in situ sulphide zones and the best example on the Property is the Lundberg Zone.

Mineralization is also found in association with high-grade clasts noted from drilling within the Buchans area and their source is not clearly understood. Clasts range in size from grains and pebbles to 30 cm boulders of high-grade sulphide mineralization. The clasts contain galena, sphalerite, pyrite, chalcopyrite and gold and silver and are similar in metal grades to the in situ Buchans ores. They occur in polylithic conglomerates within the same stratigraphic horizon as the in situ ore but also at distances of up to 6.7 km away from any known in situ ore body (Thurlow and Swanson, 1981).

Lundberg and Engine House Zones
The Lundberg Zone sits below the former Lucky Strike orebody and consists of sulphide veins and veinlets plus disseminated sulphide mineralization predominantly hosted by strongly altered felsic to intermediate volcanics and to a lesser extent footwall mafic volcanics correlated with the Ski Hill Formation (Moore et al., 2023). The stockwork mineralization comes to surface on the eastern edge of the zone and forms an elongate, wedge-shaped body that is 250 m deep on the western end. The highest concentration of sulphide mineralization lies in close proximity to the Lucky Strike massive sulphide zone and mineralization is more diffuse away from the zone. Unlike the in situ sulphides, fine- to coarse-grained euhedral pyrite is the dominate sulphide and occurs with varying amounts of chalcopyrite, sphalerite, galena and barite (Thurlow and Swanson, 1981). Current drilling has defined the Lundberg Zone stockwork to measure approximately 800 m in length, 400 m in width, and between a few metres to over 250 m in true thickness.

A second zone of stockwork mineralization is associated with the Engine House Zone, located immediately south of the Lucky Strike deposit, and this zone has a higher proportion of chalcopyrite. This stockwork mineralization comes to surface in the eastern edge of the zone and forms a tabular, sheet-like body that occurs at a depth of 125 m below surface at its western end. Current drilling has defined the Engine House Zone stockwork as measuring 300 m in length, 200 m in width and between a few metres and over 30 m in true thickness.

Reserves

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Comminution

Crushers and Mills

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Processing

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Production

Production Costs

CommodityUnitsAverage
Assumed price Lead USD 1.1 / lb *  USD
Assumed price Zinc USD 1.22 / lb *  USD
Assumed price Copper USD 3.62 / lb *  USD
Assumed price Silver USD 22.7 / oz *  USD
* According to 2011 study / presentation.

Operating Costs

CurrencyAverage
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* According to 2011 study.

Project Costs

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Personnel

Mine Management

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