Valterra entered into an option agreement in May 2008 to acquire a 100% interest in the Star Claim Group in south-eastern British Columbia. The 932 hectare property consists of 2 MTO mineral claims and 25 Crown-granted mineral claims that are favourably located seven kilometres due southwest of the City of Nelson (pop. 10,000).

In July 2009, Valterra completed three diamond drill holes totalling 478 metres on the centrally located Alma N zone. Significant, near surface results for Au-Ag+/-Cu were returned in all holes highlighted by VST09-007 that returned 2.12 g/t Au and 1.63 g/t Ag over 44.5 metres (see news release dated September 10, 2009).

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In March 2009, Valterra entered into an exclusive option agreement to acquire a 100% interest in the Toughnut Claim Group in south-eastern British Columbia. The 1,010 hectare property adjoins the Star property to the southeast (“Star Project”) and consists of nine mineral claims and one Crown-granted claim.

Collectively, the company now controls over 1,900 ha in the gold-enriched “Rossland Volcanic Belt” and our claims cover five gold-silver-polymetallic zones that are structurally aligned within a 3.5 kilometre long mineral belt (see news release dated March 18, 2009).

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The Rozan property consists of thirty-two mineral claims and is located approximately 12 kilometres due northwest of the historic mining town of Ymir BC. The property is well positioned with respect to infrastructure, access and services and is strategically located south of Valterra’s Star and Toughnut properties.
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The Swift Katie copper-gold porphyry/shear-hosted property located seven kilometres southwest of Salmo, BC consists of 13 contiguous mineral claims covering 7,064 hectares. The deposit setting may be amenable to development of a large low-grade open pit operation, with the added potential for higher grade Cu-Au mineralization in volcanic breccias, analogous to the Northeast Zone at the Mt. Polley mine.

In August 2009, the company entered into a working option agreement with JRTL Capital Corp. to earn a 60% interest in the property (subject to a 3% NSR). JRTL is required over a five-year period to make staged payments to Valterra in the amount CDN$ 155,000.00 dollars, issue a total of 500,000 shares, and incur property exploration expenditures aggregating CDN$ 3.0M dollars (see news release dated August 28, 2009).

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The Nelson Mining District is one of the oldest and most prolific mining/industrial locations in the Province of British Columbia. The historical mining records begin in the mid to late 1800s and contain vast mineral records and many colourful pioneering characters. Valterra is applying modern exploratory techniques on our holdings and we anticipate further aggressive programs within the belt.

Currently, our Star Project proposal and Mineral Exploration Strategy is as follows:



2010 Proposal

Read more about Exploration Proposal: 2010 and Beyond…