Airborne Geophysics Commences at the Star Project in SE BC
May 13, 2010
Valterra Resource Corporation
(“Valterra”) reported today that the company has retained Aeroquest Limited to conduct a heli-borne AeroTEM III MAG-EM geophysical survey over the Star Project located in SE BC. The survey crew are in position preparing to cover a 30 square kilometre area underlain by the Star and Toughnut claims in a region prospective for gold, silver, copper, lead and zinc. Also, the survey will include the northern extent of the Rozan property, allowing for the integration of the Fugro DIGHEM airborne survey flown on that property in 2003.
Highlights from the 2009 Star Project drill program on the centrally located Alma N zone include a near surface interval of 2.12 g/t Au and 1.63 g/t Ag over 44.50 metres in drill hole VST09-007
, which included a higher grade intercept of 11.29 g/t Au and 5.60 g/t Ag over 2.0m
. Valterra has currently outlined roughly 250 metres of mineralized strike length to the zone which remains under-explored, and is contained within an open-ended 3.5 kilometre trend defined by a combination of previous wide-spaced drilling, geochemical, and geophysical surveys.
The project area is dominated by glacial cover creating a sparsity of outcrop exposures. Airborne surveys therefore represent a low-cost and highly effective tool for defining geological contacts, outlining metallogenic anomalies, and delineating the structural framework within a region dominated by porphyries and shear-hosted systems.
President Lawrence Page, Q.C. commented, “Given the advancements in technology within the mining industry, we utilize strategic detection systems wherever possible as an attempt to develop and strengthen our projects. The ‘Rossland Volcanic Belt’ contains many historical gold and precious metal deposits, and a recent surge in exploration locally should revitalize the various camps, produce exciting new discoveries, and lead to potential production decisions.”
This region of the province has produced several million ounces of gold from numerous past producers. The BC MINFILE records lists such operations as the Rossland Camp (past production estimate of 3.5M ounces of gold), and the Silver King mine - BC’s first lode mine ca. 1888 (reportedly produced 4.4M ounces of silver(1)
). Valterra’s claims are centrally located on the Silver King Shear Zone, to the east is the Kena Gold project (1.0M ounce NI43-101 compliant gold resource(2)
- Sultan Minerals Inc.), and to the northwest is the Kenville Mine (386,000 ounce NI43-101 compliant gold resource(3)
- Anglo Swiss Resources Inc.). Other active exploration projects in the region include the Ymir camp, currently being explored by Duncastle Gold Corp. (DUN-V).About Valterra Resource Corporation
Valterra is a Manex Resource Group Company
. The Group provides expertise in exploration, administration, and corporate development services for the Company’s mineral properties located in the Kootenay Region of BC.
Valterra is well funded having raised over C$550,000 of flow-through capital in Q4 2009. The Company has interests in approximately 11,100 hectares and has planned for an aggressive 2010 exploration campaign in southeast BC. The focus will include four primary projects: the Swift Katie
copper-gold porphyry/shear-hosted project near Salmo BC currently under option to Tosca Mining Corp.; the Star
gold-silver-copper claims, located southwest of Nelson BC; the Toughnut
gold-silver-copper-lead-zinc claim block adjoining the Star claims (“Star Project”)
; and the recently acquired Rozan
gold-silver-lead-zinc property situated just south of the Toughnut.
Since 2007, Valterra 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 valterraresource.com
or contact Jeff Stuart at either 1.888.456.1112 or 604.641.2771 or by email at email@example.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 mines at Rossland and Silver King 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 mining activity.
(2) Resource information gathered from the Kena Property Technical Report dated June 3, 2004.
(3) Resource information gathered from the Kenville Gold Mine - 257 Level Technical Report dated July 22, 2009.
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.