Valterra Commences 2009 Diamond Drill Program on the Star Project in SE BC
July 7, 2009
Valterra Resource Corporation reported that the company has initiated its 2009 diamond drill program on the gold-silver-copper-lead-zinc Star Project located southwest of the City of Nelson BC. The project area encompasses both the Star and Toughnut claims which have been recently expanded to 1,941 hectares through acquistion and claim staking, and covers five gold and silver-rich, polymetallic mineralized zones aligned within a 3.5 kilometre long belt that is structurally controlled by the Silver King Shear Zone. This historical and prolific mineral belt is home to BC’s first lode mine in the nearby ca. 1888 Silver King Mine that produced approximately 4.4 million ounces of silver.
The Phase I exploration program will focus on verification of several higher grade structures delineated through a re-evaluation of the historical drilling on the project Initially, the centrally located Alma N zone will be the focal point for drilling having previously reported a near surface intercept of 5.12 g/t Au and 4.45 g/t Ag over 14.62 metres from drill hole GWS-89-01(1), which includes a higher grade intercept of 12.87 g/t Au and 9.67 g/t Ag over 4.43 metres.
The company completed initial diamond drill testing during 2008 at its Star gold-silver-copper property near Nelson BC. A total of 1,672 metres of drilling in six core holes were completed on two previously un-tested, high priority targets, with all holes intersecting anomalous gold, silver and copper mineralization. The results of the six hole drill program were highlighted by an Alma N zone intercept of 18.77 g/t Au and 11.55 g/t Ag over 4.0 metres (see NR-01-09) located approximately 200 metres south of drill hole GWS-89-01 in a sub-parallel mineralized zone.
The company’s 2008 exploration results on the Star property confirmed the presence of a widespread precious-metal enriched mineralizing system that warrants further investigation.
2009 Exploration Program:
• Further delineation of zones of gold-silver-copper mineralization drill-intersected during the 2008 exploration program
• Drilling of the main Toughnut occurrence, where approximately 1,500 metres of diamond drilling is anticipated, and
• Additionally 2,000-2,500 metres of drilling is anticipated within the 3.5 kilometre long belt; as defined by a combination of previous wide-spaced drilling, geochemical and geophysical surveys.
Swift Katie Project
The 7,064 hectare Swift Katie property is located seven kilometres southwest of Salmo and is host to five known Cu-Au and/or Au mineral systems occurring within a 7,000 metre-long trend. The property is underlain by rocks of the Rossland Group that are considered favourable for hosting 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, the West and the Swift zones.
Valterra is currently conducting data evaluation 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 Valterra Resource Corporation
Valterra is focused 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 porphyry copper-gold project is in the same southeast region of British Colombia. Since 2007, the company has actively explored and expanded its claim blocks within the Nelson-Salmo corridor by completing over 5,750 metres of diamond drilling, conducting 505 line-kilometres of heli-borne geophysics, undertaking a variety of mapping-prospecting-sampling programs, and most recently claim staking and acquisitions.
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 email@example.com.
(1) 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 have checked QAQC standards used at the 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.