The company holds the mineral rights to about 97,220ha in the Southern Slave region, around 210km northeast of Yellowknife, NWT.

The property portfolio is situated between the Snap Lake diamond mine owned and operated by De Beers Canada, and the Gahcho Kué diamond project currently under development by De Beers Canada and Mountain Province Diamonds.

Canterra collected 694 till samples in the second half of 2014 from its total land holdings in the Southern Slave

A heli-borne gradiometry geophysical survey was undertaken over the northern portion of the Marlin Project.

Earlier this year, the company carried out an OhmMapper survey on a part of the Hilltop project.

The company said Results from both surveys, apart from the till sample results from the properties, have discovered several target areas that warrant additional detailed exploration, including drilling.

Canterra said it will continue to engage with local communities and work towards securing the required permits for its 2015 field season.

Exploration is anticipated to start during this summer field season and will be partially funded by the Northwest Territories Mining Incentive Program.