Valterra Begins Drilling Graphite Targets at the Bobcaygeon Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/25/13 -- Valterra
Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) reports that a
diamond drill rig has been mobilized onsite and commenced coring at
the +160 sq. km. Bobcaygeon Graphite Project in southern Ontario. The
company is utilizing a portable 'Prospector 89' drill rig which is
capable of drilling several near-surface targets recently identified
by trenching, mapping and geophysical surveys. The primary focus is
to test proximal zones to the Discovery Zone trench which has
returned excellent metallurgical, analytical and geophysical results.
Previously reported Bobcaygeon highlights include:
-- High-Purity Concentrate from Discovery Trench Metallurgy (see NR-05-13)
-- 99.14% C returned in fine flake leach test (Double LOI) and 100%
C(t) by Leco.
-- Geophysics Outlines Large Target Area (see NR-02-13)
-- Excellent IP, EM and MAG data was received from an 11 line-km survey
centred on the Discovery Zone trench. The most prominent drill-ready
feature is an open-ended, near surface IP chargeability anomaly
covering an 800m x 400m area.
-- High-Grade Channel Sampling Results Reported (see NR-01-13)
-- 36.8% Cg over 1.5m (minimum thickness) & 20.2% Cg over 1.4m (minimum
thickness) in Discovery Zone trench sampling which also exposed
approximately 20m of strike length with trenching bottoming in
The drill program is intended as a lead up to a more extensive
drilling campaign which is currently being planned to systematically
test the large geophysical target area, and other key anomalies and
showings identified within the large property package.
Graphite is a naturally occurring form of carbon with wide-ranging
and unique physical properties. Graphene is derived from graphite and
is one of the strongest known substances with a tensile strength 200
times the strength of steel. The industrial development of graphene
is at an early stage but will eventually become a replacement for
several expensive electronic components such as silicon
semi-conductors. There are three natural primary graphite occurrences
- vein, flake, and amorphous where the highest quality product can
command prices in excess of $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
accelerated numerous exploration and investment opportunities in the
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.
The Bobcaygeon property is hosted in rocks of the Grenville
geological province which hosts most of the known significant
graphite deposits in Canada.
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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