Valterra Discovers New +1km-Long Graphite Trend at Bobcaygeon

Valterra Discovers New +1km-Long Graphite Trend at Bobcaygeon 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/02/13 -- Valterra
Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) reports that a
new +1km-long, NE-trending series of anomalous graphite samples,
recently compiled from the Bobcaygeon Graphite Project in Southern
Ontario, defines an open-ended, graphite-enriched corridor located
approximately 1.5km north of the Discovery Zone (to see compilation
map please click the following link:
http://media3.marketwire.com/docs/ValtMap52.pdf). 
In November 2012, a total of 67 surface grab/chip samples were
collected and sent to Activation Labs for analysis. Results showed
that 19% (13) of the samples returned values greater than 1% Cg.
Minimal reconnaissance sampling was conducted from a variety of host
units contained within two kilometres of the main zone. This area
represents only a small fraction of the +160 sq. km property package,
which remains largely unexplored. Parameters such as the average
grade, distribution and dimensions of the 'Corridor Zone' are
currently undefined and therefore represent a high-priority target
area for follow-up. 
Table 1: Select Highlights of Surface Reconnaissance Sampling (1) 


 
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SampleNo   Type        Unit Description                                 Cg%
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960501     Grab        Graphite in Amphibolite Gneiss                  1.06
960504     3m Chip     Iron Formation                                  1.46
960508     Grab        Graphite Seams in Marble                        1.74
960513     Grab        Coarse Graphite Seams + Quartz Vein             7.76
960514     50cm Chip   Sulphide Chert Iron Formation                   1.76
960515     50cm Chip   Chert Iron Formation + Amphibolite Gneiss       1.46
960517     2m Chip     Iron Formation/Amphibolite Gneiss               1.08
960518     Grab        Graphite Veins in Rusty Amphibolite             1.51
960526     Grab        Iron Formation/Gabbro + Amphibolite Gneiss      1.64
960528     Grab        Graphite Seams in Amphibolite/Marble            2.24
960529     Grab        Graphite Seams in Rusty Marble        
          1.75
960530     1m Chip     Graphitic Marble/Iron Formation Contact         2.13
960063     Grab        Graphitic Seams and Rusty Syenite Marble        1.12
---------------------------------------------------------------------------

 
The graphite occurrences discovered to date appear to be largely
hosted within contact zones of Precambrian-aged metasedimentary rocks
of the Grenville geological province, where most of the major
Canadian graphite deposits occur. 
Several geological units and features in the vicinity of the
Discovery Zone have been outlined by Valterra in recent prospecting,
trenching, geophysics and diamond drilling campaigns. Preliminary
interpretation of the high-grade, near surface drill results (6.36%
Cg over 3.38m; including 31.90% Cg over 0.53m in hole BOB13-004, see
NR-08-13) suggest that the target graphite horizon may be flat-lying
or gently undulating; or that multiple target horizons exist in this
area. Coupled with the recent ground-geophysical signatures and
prospecting anomalies, there are now numerous targets to be explored
in 2013. Valterra is planning to conduct additional drilling,
geophysics and prospecting in the area near the Discovery Zone and
regionally within the district-scaled property. 
Chairman Lawrence Page commented, "We are very pleased by the
discovery of a new graphite trend on our Bobcaygeon property. Our
exploration program has identified good grades of graphite from our
initial drilling and sampling programs, we've extracted very high
purity graphite from our samples, and now have discovered a new trend
which could indicate a large graphite zone. These three elements:
grade, purity and size, are the hallmarks of a successful graphite
property. As well, given that we have only begun exploring on a small
portion of our 160km+ property, which is centrally located close to
necessary infrastructure in mining friendly Ontario; we are very
encouraged by the prospects of our Bobycageon project." 
In other news, Valterra is pleased to announce that Courtney Shearer
has been appointed a director of Valterra and will serve as the Chair
of the Audit Committee. Mr. Shearer has resigned as Vice President of
the company. 
Valterra also reports that it has entered into a guarantee extension
agreement with a guarantor for the company's indebtedness under a
bank credit facility. Pursuant to this agreement, Valterra will issue
the guarantor 100,000 common shares as consideration for the
extension of such guarantee. The guarantee extension agreement is
subject to TSX Venture Exchange acceptance. 
About Graphite 
Graphite is a naturally occurring form of carbon with wide-ranging
and unique physical properties. It is an excellent conductor of heat
and electricity and has outstanding lubrication properties and is
very resistant to chemical corrosion. Graphene is derived from
graphite and is one of the strongest and lightest 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. Graphite occurs naturally
as - 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 and purity are key factors with the large flake at
+0.178mm and purity at +99% C (g) 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 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 focussed on graphite, gold, copper and silver properties
in Canada 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
"Bobcaygeon", "Star-Toughnut" and "Swift Katie". The Bobcaygeon
property covers an area of over 160 sq. km in Southern Ontario, and
is hosted in rocks of the Grenville geological province where most of
the known significant graphite deposits occur. The "Star-Toughnut"
and "Swift Katie" projects are Au-Cu-Ag properties with bulk tonnage
potential in south-eastern BC. 
Valterra is a Manex Resource Group Company. The group provides
expertise in exploration, administration, and corporate development
services for Valterra's mineral properties. 
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 


 
(1) Graphite assayed at Activation Laboratories Ltd. of Ancaster ON         

 
This news release may contain forward-looking statements including
but not limited t
o 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
applicable law. 
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. 
Contacts:
Valterra Resource Corporation
Liana Shahinian
1.888.456.1112 or 604.641.2773
liana@mnxltd.com
www.valterraresource.com
 
 
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