Located seven kilometres due southwest of the City of Nelson BC (pop. 10,000) is the Star porphyry/shear-hosted Au-Ag-Cu project. The 932 hectare property consists of 2 MTO claims and 25 Crown-granted mineral claims adjoining the Toughnut property (“Star Project”) that are favourably situated near transport, power and people-related networks.

The geology of the Star property is dominated in the southeast by the highly schistose metavolcanics of the Early Jurassic Upper Elise Formation (Je), and in the northwest by the co-magmatic dioritic to monzodioritic units of the Early to Middle Jurassic Eagle Creek Plutonic Complex (Jec). Mineralization is aligned preferentially within the regionally prominent north to north-west trending Silver King Shear Zone, and has been delineated over an area measuring approximately 2km long x 1km wide as defined by prior drilling and geochemistry.

The company completed 478 metres of drilling in three NQ2-sized core holes. The drilling tested and confirmed several near surface gold zones outlined in a recently compiled 3D model of historical drilling. Additionally, the program 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.

All of the 2009 holes intersected anomalous gold, silver +/- copper mineralization to a maximum depth of only 135 metres below surface. The program was highlighted by drill hole VST09-007 which returned 2.12 g/t Au and 1.63 g/t Ag over 44.50 metres (see news release dated February 17, 2010 and 3D conceptual model for Alma N zone below).

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 historically prolific Silver King Shear Zone. One of the Star Property mines - the Eureka (ca. 1897) – is reported in BC MINFILE as having produced small amounts of ore averaging 2.13 g/t Au, 125.0 g/t Ag and 1.77% Cu. 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(1). The region is also home to numerous historic mining camps hosting million ounce gold deposits within the Ymir/Sheep Creek and Rossland districts.

(1) Resource information gathered from the Kena Property Technical Report dated June 3, 2004.