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News 2009

Valterra Intersects 4.07 g/t Au & 1.57 g/t Ag over 47.64m at the Star Project

September 10, 2009

Valterra Resource Corporation (“Valterra”) reported significant near surface, diamond drill results from its recent 2009 exploration program at the gold-silver-copper-lead-zinc “Star Project” located in southeast British Columbia, Canada.

Drilling highlights at the Alma N zone include:
• VST09-007: 4.07 g/t Au & 1.57 g/t Ag over 47.64 metres  (Collared in Mineralization)
  Including 7.41 g/t Au & 1.97 g/t Ag over 14.00 metres
  Including 15.96 g/t Au & 5.60 g/t Ag over 2.00 metres

• VST09-008: 1.42 g/t Au & 1.90 g/t Ag over 4.00 metres

• VST09-009: 3.40 g/t Au, 3.13 g/t Ag & 0.28% Cu over 7.00 metres
  Including 7.40 g/t Au, 5.80 g/t Ag & 0.23% Cu over 3.00 metres
  Including 17.09 g/t Au, 15.00 g/t Ag & 0.60% Cu over 1.00 metre  (Visible Gold)

The drilling focused on the centrally located Alma N zone, where the Company completed a total of 478 metres of drilling in three NQ2-sized core holes. The program tested and confirmed several near surface gold zones outlined in a recently compiled 3D model of historical drilling, and defined the zones northerly strike extension from the area drilled in 2008 that was highlighted by an intercept of 18.77 g/t Au and 11.55 g/t Ag over 4.0 metres, located approximately 150 metres south of the recent 2009 drill holes (see NR-01-09). All of the 2009 holes intersected anomalous gold, silver +/- copper mineralization to a maximum depth of only 135 metres below surface (see Table 1 and Figure 1).

Valterra has currently outlined approximately 250 metres of mineralized strike length to the Alma N zone and all of the zones remain under-explored and open for further expansion.

The “Star Project” now encompasses over 1,900 ha having been recently expanded by acquisition and claim staking. The claims contain five structurally aligned gold zones within the regionally prominent and historically prolific Silver King Shear Zone. One of the Star Property mines - the Eureka (ca. 1897) - reportedly produced small amounts of ore averaging 2.13 g/t Au, 125.0 g/t Ag and 1.77% Cu(1). This mineralized belt continues southeast-ward toward the past-producing ca. 1888 Silver King Mine and the Kena Gold property. The Silver King was BC’s first lode mine that produced a reported 4.4 million ounces of silver, while the Kena contains a 43-101 compliant measured and indicated resource of approximately 1.0 million ounces of gold(2). The region is also home to numerous historic mining camps hosting million ounce gold deposits within the Ymir/Sheep Creek and Rossland districts.

Exploration conducted on the property between 1988 and 1990, included 24 diamond drill holes totalling over 5,500 metres. Several exploration targets were identified, including the Star, Eureka, Alma N, and Toughnut zones. The drilling returned several thick intervals of anomalous precious and base-metal mineralization including drill hole GWS-89-01(3), from the Alma N zone, that intersected 5.12 g/t Au and 4.45 g/t Ag over 14.6 metres at a down hole depth of 30 metres, which included a higher grade intercept of 12.87 g/t Au and 9.67 g/t Ag over 4.4 metres.

Table 1: 2009 Drill Assay Composites for the Star Project – Alma N Zone 


* Metallic gold analysis by fire assay methods were conducted on 60 of the 276 samples (20%) collected from the 2009 drill program, and all of the composites tabled above are metallics-related. The estimated true thickness of the mineralization in the Alma N zone area is currently approximated at 85-90% of the drill intercept. Estimates are based on prior drilling, mapping and computer modelling that generated an average strike and dip of 170o / 70o

Click here to view a full size PDF
Click here to view Drill Section - VST09-007

2009 QA/QC Protocols
Samples were analyzed at International Plasma Labs Ltd. (IPL), an ISO 9001:2000 certified company located in Richmond BC, for Au + 30 elements by Fire Assay (FA)/Atomic Absorption Spectroscopy (AAS) and Inductively Coupled Plasma (ICP)/Atomic Emission Spectroscopy (AES)/Aqua-Regia Acid Digestion (AqR) using appropriate calibration standards. Additionally, any samples assaying >10.0 g/t Au are re-analyzed using a Gravimetric finish.

Futhermore, Valterra has initiated a comprehensive metallic-gold analysis by fire assay method check-sampling program in an effort to determine potential “nugget effect” (commonly associated with gold systems) and/or to assist with the detection of very fine grained gold. Further check assays, on both the 2009 and 2008 Company drill programs are anticipated.

Valterra implemented established QA/QC quality protocols that are followed throughout the core sampling process. A variety of analytical standards were utilized from suppliers CDN Resource Laboratories Ltd. and WCM Minerals Limited. For every batch of 22 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.

2009 Fall Exploration Plan for the Star Project
• Drilling of the main Toughnut occurrence, where approximately 1,000 to 1,500 metres of diamond drilling is proposed. Historical drill results yielded values of 1.57 g/t Au and 1.26 g/t Ag over 24.66 metres in drill hole GWS-90-18.

• Expansion of the Alma N zone and further delineation of gold-silver +/-copper mineralization drill-intersected during the 2009 and 2008 exploration programs, and

• Additionally, further drilling is anticipated within the 3.5 kilometre long mineral belt targeting the Eureka, Star and Gold Eagle zones that are defined by a combination of previous wide-spaced drilling, geochemical and geophysical surveys.

About Valterra Resource Corporation
Valterra is a Manex Resource Group Company with a primary focus on exploration of mineral properties in the Kootenay Region of British Columbia where it controls approximately 9,005 hectares. The Star gold-silver claims, located southwest of Nelson BC and the recently acquired Toughnut gold-silver-copper-lead-zinc claim block adjoins the Company’s Star claims (“Star Project”). The Swift Katie copper-gold porphyry project is in the same southeast region of the province, and it was the subject of a recent Mineral Property Working Option Agreement with JRTL Capital Corp. (see NR-12-09). Exploration planning attributable to the Swift Katie property is ongoing in anticipation of a multi-faceted field program for Q3/Q4 of 2009.

Since 2007, the Company has aggressively explored and expanded its claim blocks within the gold-enriched “Rossland Volcanic Belt” by completing over 6,225 metres of diamond drilling, conducting 505 line-kilometres of heli-borne geophysics, undertaking a variety of mapping-prospecting-sampling programs, staking mineral claims, as well as acquiring new properties and joint venturing.

Brian McGrath, 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 Corporation

For further information, please visit the Company’s website at www.valterraresource.com or contact Jay Oness at either 1.888.456.1112 or 604.641.2771 or by email at corpdev@mnxltd.com.

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.
(1) Historical production/inventory statistics for the Eureka mine were obtained from public documents available from the BC Government Mineral Inventory File (MINFILE) database. The reporting standards used in this specific file were obtained prior to the establishment of NI43-101 regulations. Valterra Resource Corporation has not independently verified this historical data. Valterra Resource Corporation has no reason to believe that these results are not representative of mineralization associated with the underground mining activity.
(2) Resource information gathered from the Kena Property Technical Report dated June 3, 2004.
(3) Results from the historical drilling were obtained from public documents available from the BC Government Mineral Property
Assessment Files (ARIS). Drill testing and assays were obtained prior to the establishment of NI43-101 regulations. Valterra Resource Corporation has not independently verified this data or checked the QA/QC standards used at that time. Valterra Resource Corporation has no reason to believe that these results are not representative of mineralization intersected in these drill holes.
The Canadian National Stock Exchange (CNSX) has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

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.
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