Valterra Surveys 800m x 400m IP Anomaly at Bobcaygeon Graphite
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/06/13 -- Valterra
Resource Corporation ("Valterra" or the "Company") (TSX
VENTURE:VQA)(FRANKFURT:3VA) reports that preliminary ground
geophysical results on the greater than 150 sq. km Bobcaygeon
Graphite Property, located 130 kilometres due northeast of Toronto,
have returned excellent IP, EM and Magnetic responses with the
highlight being an open-ended, near surface chargeability anomaly
measuring 800m x 400m at the Discovery Zone area. Numerous additional
anomalies worthy of follow-up have also been detected from the 11
line kilometre survey completed in January by JVX Ltd.
The company is planning for a multi-faceted exploration program in
2013 which should include a near-term diamond drill program for which
Valterra has commenced sourcing drill contractors and suppliers.
Additionally, a more extensive geophysical survey is warranted to
cover the "open-ended" and parallel trends detected in the recent
program, and the Company expects to conduct a regional exploration
program to further assess the large property package.
President Fred Sveinson, P.Eng., stated: "The Company is excited with
the rapid expansion of the project just six months after acquisition.
The new geophysical signatures detected at the Discovery Zone area
are very encouraging, and the results of the recent trenching and
metallurgical testing has demonstrated the high grade nature and
large flake potential of the property. Also, it's important to stress
that the work programs conducted thus far only represents a fraction
of the large tenure holding which has grown to over 150 sq.
kilometres of prospective ground in the Grenville Province.
The geophysical map together with updated corporate presentations,
information and pictures of the exploration conducted to date is
available on Valterra's website at www.valterraresource.com.
Graphite is a naturally occurring form of carbon with wide-ranging
and unique physical properties. Graphene comes from graphite and is
one of the strongest known substances which when developed
industrially, will be a replacement for several expensive electronic
components such as silicon semi-conductors. There are three primary
graphite occurrences naturally - vein, flake, and amorphous where the
highest quality product can sell for over $2,000 per tonne. In
pricing graphite, the flake size is a key factor with the large flake
(greater than.178mm) ores commanding the highest prices in markets
dominated by multi-national eco-automobile manufacturers, high-tech
industries and nuclear energy companies. Recent pricing and demand
increases have spurred numerous exploration and investment
opportunities in the graphite market.
The Province of Ontario is an excellent locale to explore owing to
superior geology, geoscience knowledge, infrastructure, political
stability and tax incentives. Several projects are advancing in the
graphite field including Northern Graphite Corporation, Zenyatta
Ventures Inc. and Ontario Graphite Ltd.
About Valterra Resource Corporation
Valterra is a Manex Resource Group Company. The group provides
expertise in exploration, administration, and corporate development
services for Valterra's mineral properties located in British
Columbia and Ontario. Valterra is focussed on early stage properties
with the potential to host large deposits, in regions with excellent
infrastructure. Over the last several years, Valterra has acquired
and is exploring several key projects including "Star-Toughnut",
"Swift Katie" and "Bobcaygeon" which are located near roads, rail,
power, and resource communities in Canada.
Brian McGrath, P.Geo., is the Qualified Person responsible for
reviewing the technical information presented in this release.
On behalf of the Board of Directors,
Frederick Sveinson, President
Valterra Resource Corporation
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. These statements are based on a number of assumptions,
including, but not limited to, assumptions regarding general economic
conditions, interest rates, commodity markets, regulatory and
governmental approvals for Valterra Resource Corporation's projects,
and the availability of financing for Valterra Resource Corporation's
development projects on reasonable terms. Factors that could cause
actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration
successes, the timing and receipt of government and regulatory
approvals, and continued availability of capital and financing and
general economic, market or business conditions. Valterra Resource
Corporation does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Valterra Resource Corporation
1.888.456.1112 or 604.641.2773
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