Valterra Defines Several Cu-Au Zones at the Swift Katie Project
January 26, 2009
Valterra Resource Corporation reported today the 2008 final diamond drill assay results from the Swift Katie copper-gold property located southwest of Salmo in south-eastern British Columbia. Drill hole VKT08-068 returned 0.21% Cu and 1.25 g/t Au over 7.90 metres and hole VKT08-071 averaged 0.05% Cu and 1.73 g/t Au over 7.07 metres.
The 7,064 hectare property is located seven kilometres southwest of the village of Salmo and is host to five known Cu-Au and/or Au mineral systems occurring within a 7,000 metre-long trend. Valterra can earn up to a 100% interest (subject to a 3% NSR) on the property through a scheduled combination of cash payments, share issuance and work commitments.
In 2008, a total of 2,954 metres of drilling was completed in ten holes that tested the primary Katie Zone target at the headwaters of Hellroaring Creek. The drill pattern tested the broad mineralized system over an approximate area measuring 600 metres of strike length by 400 metres width and up to 300 metres depth. Highlights from the recent drilling are summarized below:
• 119.0 metres grading 0.17% Cu and 0.11 g/t Au in hole VKT08-064
Includes: 6.00 metres grading 0.58% Cu and 0.37 g/t Au
• 91.52 metres grading 0.15% Cu and 0.20 g/t Au in hole VKT08-068
Includes: 7.90 metres grading 0.21% Cu and 1.25 g/t Au
• 101.48 metres grading 0.19% Cu and 0.12 g/t Au in hole VKT08-069
Includes: 12.80 metres grading 0.43% Cu and 0.15 g/t Au
• 64.02 metres grading 0.16% Cu and 0.29 g/t Au in hole VKT08-071
Includes: 33.07 metres grading 0.25% Cu and 0.47 g/t Au, and
7.07 metres grading 0.05% Cu and 1.73 g/t Au
Additional composited assay results from the 2008 drill program are tabled below and illustrations outlining the drill holes in plan view and cross-section are available on the company website at: www.valterraresource.com.
2009 Swift Katie Project Exploration Plan
Valterra is currently evaluating the present data set and is planning for future exploratory work on the Swift Katie project in 2009. Approximately 1,000 metres of diamond drilling is anticipated; targeting the Katie, the West, the 17 and the Swift zones where prioritization of the drill targets is ongoing.
About the Swift Katie Property
The Swift Katie claims are within a highly metallogenic area of British Columbia that historically has hosted several important mining districts including +1 million ounce past-producing mines at the Rossland Au-Cu camp, located 50 kilometres to the southwest and the adjacent Ymir-Sheep Creek Au-Ag camp that is currently being explored by Duncastle Gold Corp. (DUN-V).
The property is underlain by rocks of the Rossland Group and is considered very favourable for the discovery of polymetallic mineralization. Previous exploratory work includes: numerous geological, geochemical and geophysical surveys and the drilling of 68 core holes for a total of 15,992 metres that resulted in the identification of several exploration targets, with the most significant being the Katie, the 17 and the Swift zones.
Click the PDF link to the right to view the Table of 2008 Drill Assay Composites for the Swift Katie Project
An independent geological report summarizing the historical exploration and technical merits of the project was completed in 2007. The Swift Katie Copper-Gold Property Technical Report dated July 23, 2007 by David K. Makepeace, B.Sc., M.Eng., P.Eng., and Barry Price, M.Sc., P.Geo., was prepared in compliance with National Instrument 43-101 and is available for viewing on SEDAR at www.sedar.com.
Samples were analyzed by Assayers Canada laboratories in Vancouver for Au and 30 additional elements by Fire Assay (FA) / Atomic Absorption Spectroscopy (AAS) and Inductively Coupled Plasma-Atomic Emission Spectroscopy (ICP-AES) using appropriate calibration standards. Established QA/QC quality protocols were followed during all core sampling. Analytical standards were purchased from CDN Resource Laboratories Ltd. and WCM Minerals Ltd. For every batch of 24 core samples collected, two random and “blind” QA/QC samples were included. Protocol required that a single standard pulp be inserted, and either a blank or duplicated core sample be added within the sample stream. Overall, approximately 9% of the total assays were QA/QC-related; the results of which were carefully monitored in order to verify the assaying quality.
Valterra is a Manex Resource Group Company with a primary focus on exploration of mineral properties in the Kootenay Region of British Columbia. In 2008, the Company also completed initial drill testing at its Star Project located southwest of Nelson, BC. A total of 1,672 metres of drilling in six core holes were completed on two high priority targets with all holes intersecting anomalous gold, silver and copper mineralization including: 18.77 g/t Au and 11.55 g/t Ag over 4.0 metres from drill hole VST08-006 and 6.28 g/t Au and 7.20 g/t Ag over 2.0 metres in drill hole VST08-004 (see NR-01-09).
Brian McGrath, B.Sc., P.Geo., is the Qualified Person responsible for reviewing the technical results reported in this release.
On behalf of the Board of Directors,
“Lawrence Page, Q.C.”
Lawrence Page, Q.C., President, Director,
Valterra Resource Corp.
For further information visit the company’s website at www.valterraresource.com or please contact
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Valterra Resource Corporation relies upon litigation protection for forward looking statements.