Valterra Assays Up to 28.1% (Cg) Graphite from New Bobcaygeon Regional Prospects

Valterra Assays Up to 28.1% (Cg) Graphite from New Bobcaygeon Regional Prospects 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/05/13 -- Valterra
Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) reports very
encouraging grab and chip sampling results of up to 28.1% Cg from
recent regional prospecting which identified three new graphite
prospects located up to 23km on-strike from the Bobcaygeon Discovery
Zone in Southern Ontario. Subsequently, new claims have been added to
incorporate the zones into the property package. Finalized claim
details are pending government agent processing. 
Identification of these new graphite zones, known as the "Salerno",
"Crystal", and "4South", and the expansion of the "Corridor" zone
(see NR-09-13) resulted from the reconnaissance sampling program.
Twenty-seven surface grab/chip samples were collected and sent to
Activation Labs for analyses, with 41% (or 11 samples) returning
values greater than 1% Cg. Sample highlights at the Salerno Zone
include 28.1% Cg from a 10cm wide graphite seam and 15.7% Cg over
1.5m in a marble host unit. Preliminary mapping at the zone has
identified three graphite seams up to 1.5m thick hosted in a 25m wide
favourable marble horizon. Historical geological data indicates
widespread accessory graphite throughout the host stratigraphy and
suggests strong exploration potential within these areas. 
The Salerno and Crystal zones are associated with the Salerno Creek
Deformation Zone (SCDZ) that forms a major tectonic boundary between
the Bancroft Terrane and Harvey-Cardiff Arch. The terrane contact
hosts the majority of past-producing graphite mines and significant
graphite occurrences in the belt; and, the deformation zones are
within major regional-scaled fault complexes. 
Table 1: Select Highlights of Surface Reconnaissance Sampling 


 
----------------------------------------------------------------------------
Township  Zone      Sample# Type      Description                        Cg%
----------------------------------------------------------------------------
Cavendish Salerno   960678  1.5m Chip 3-4cm Wide Graphite Layers in     15.7
                                       Marble                               
                    960679  1.2m Chip 50cm Wide Graphite Lenses in
      7.17
                                       Marble                               
                    960683  60cm Chip 60cm Wide Graphite Seams in       8.51
                                       Marble                               
                    960684  Grab      Marble + Quartz                   1.42
                    960685  Grab      10cm Graphite Seam                28.1
----------------------------------------------------------------------------
Galway    Crystal   960669  3.0m Chip Amphibolite Gneiss + Iron         1.53
                                       Formation                            
                    960670  Grab      Amphibolite Gneiss + Iron         1.27
                                       Formation                            
                    960671  3.0m Chip Amphibolite Gneiss + Iron         2.33
                                       Formation                            
          ------------------------------------------------------------------
          4South    960668  1.3m Chip Amphibolite Gneiss                2.04
          ------------------------------------------------------------------
          Discovery 960672  Grab      Amphibolite Gneiss                1.47
          ------------------------------------------------------------------
          Corridor  960677  Grab      Marble-Amphibolite Contact Zone   2.46
----------------------------------------------------------------------------

 
The majority of graphite occurrences discovered to date by Valterra
suggest that there are important stratigraphic and structural
controls to the mineralization and the zones are largely hosted
within, or contacting Precambrian-aged metamorphosed rocks of the
Grenville geological province, home to major Canadian graphite
deposits. 
Chairman Lawrence Page Q C said: "These encouraging high-grade
samples from new regional prospects provide additional data points to
our Bobcaygeon property. These new prospects add to our existing
Discovery Zone, which provided us grades of up to 31% Cg, and flake
graphite with ultra-high purity of 99.96%. Along with the recent
discovery of a new +1km long graphite trend near the discovery zone,
the Bobcaygeon property is developing numerous graphite prospects." 
2013 Exploration Proposal at Bobcaygeon 
Year-one successes from prospecting, trenching, metallurgy,
geophysics and diamond drilling have defined numerous targets
property-wide that merit exploration in 2013. Valterra has budgeted
C$500,000 to $750,000 and is planning to conduct additional
exploration in the Discovery Zone area and regionally within the
district-scaled property. Preliminary plans are highlighted by
diamond drilling of between 2,000 to 2,500m. 
Corporate Update 
Mahesh Liyanage has resigned as Chief Financial Officer of Valterra
and the board of directors thanks him for his efforts on behalf of
the company. Valterra is pleased to announce the appointment of
Graham Thatcher as Chief Financial Officer of the company subsequent
to Mr. Liyanage's resignation. Mr. Thatcher moved from London,
England to Vancouver, British Columbia in 2006. Specializing in
financial reporting and auditing across a breadth of business sectors
in both the UK and Canada, he brings extensive experience of
operating with International Financial Reporting Standards and
paperless systems. He is also senior accountant at Manex Resource
Group which provides administrative, financial, corporate, corporate
finance and geological services to a number of public companies in
the mineral resource sector. Prior to this, he worked in public
practice at Smythe Ratcliffe LLP with companies in the mining and
exploration sector. Mr. Thatcher obtained a Bachelor of Arts degree
with Honours in Economics from Lancaster University in 1995, which
included a one year program at the University of British Columbia. He
is also a finalist of global accounting designation, the Association
of Chartered Certified Accountants (ACCA). Mr. Thatcher is also
volunteer board member and treasurer at Heritage Hall Preservation
Society, a non-profit charitable organization whose mandate is to
restore and manage Heritage Hall, a landmark building located in
Vancouver. 
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 acceler
ated 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 
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
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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