Valterra is exploring for mineral deposits in British Columbia, Canada, Chihuahua, Mexico and Mato Grosso, Brazil. The company is well-structured with an experienced geologic team, management group, and Board of Directors.
Figure 1 - Map of South American Property Locations (source: Google Earth)
The recent acquisition of the Lima and Livramento Gold Projects in Mato Grosso, Brazil is an exciting acquisition for the company, which management believes is a rare opportunity to acquire highly-prospective gold properties at exceptionally attractive terms which has the potential to be fast-tracked to production at a very low cost. The properties add to a high-quality continental portfolio of properties which now spans North and South America.
Figure 2 - Map of North American Property Locations (source: Google Earth)
The Los Reyes Project in Chihuahua, Mexico adds an exciting early stage, high-grade Cu-Au skarn target within an underexplored area east of the historic mining community of Hidalgo de Parral, with artisanal mining of near-surface oxides reportedly containing grades up to 8% Cu.* 2019 surface sampling confirmed the high-grade copper with 22 out of 28 samples, over a strike length of 800m, averaging 3% Cu, as well as up to 0.4% Mo. Au values were up to 0.54g/t.
Valterra is also active in south-eastern BC at Salmo and controls the >8,300 hectare ‘Swift Katie’ Au-Cu-Ag porphyry system which also includes a high-grade gold system at the southern Swift target. The ‘Swift’ target has been a main focus for Valterra in recent years. Highlights from the 1980s and from Valterra’s 2014, 2016 and 2017 diamond drilling includes:
- 11.5 g/t Au & 6.7 g/t Ag over 2.5m in hole SK17-015
- 1.1 g/t Au & 0.5 g/t Ag over 22.6m in hole SK17-015
- 3.1 g/t Au, 2.0 g/t Ag over 8.6m from hole SK17-019
- 0.96 g/t Au over 6.6m in hole SK16-011
- 13.3 g/t Au, 201 g/t Ag & 0.33% Cu over 3.5m from SK14-002
- 1.83 g/t Au over 10m from historic hole 87-6, including 5.15g/t Au over 2.0m*
*Historical assay results have not been verified by Valterra and should not be relied upon.
In 2017, drilling successfully offset two high-grade gold zones located along a 1,000 metre strike-length of the Swift gold structure.
Figure 3 - Location of 2017 Drilling at the Swift Zone
The ‘Katie’ deposit is an alkaline Cu-Au-Ag porphyry system. The potassic core has elevated Cu and Au values and is surrounded by a broad propylitic zone. Sulphide minerals include pyrite, chalcopyrite with minor sphalerite, tetrahedrite, bornite and molybdenum.
The project has excellent infrastructure with major highways nearby, established forestry routes on-site, proximal high capacity power network nearby and a skilled regional workforce (pop. >25,000 in the district). Moreover, BC/Canada provides many generous investment and tax advantages in a politically stable jurisdiction.