Valterra and Riverside Execute Definitive Agreement on Swift Katie Option; Outline Exploration Plans

Valterra and Riverside Execute Definitive Agreement on Swift Katie Option; 
Outline Exploration Plans 
FOR: Valterra Resource Corporation 
APRIL 3, 2014 
Valterra and Riverside Execute Definitive Agreement on Swift Katie Option;
Outline Exploration Plans 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 3, 2014) - Valterra Resource
Corporation ("Valterra") (TSX VENTURE:VQA)(FRANKFURT:3VA) reported
today that it has executed a Definitive Option Agreement with Riverside
Resources (BC) Inc. ("Riverside") for exploration and development of
the Swift Katie Project in southeast British Columbia. This agreement will be
undertaken as part of Riverside's exploration alliance (the
"Alliance") with a wholly-owned subsidiary of Antofagasta plc. Swift
Katie is an 80km2 advanced copper-gold-silver porphyry property located seven
kilometres southwest of the town of Salmo, BC, in the Nelson Mining District.
The Property has approximately 80 drill holes, completed between 1987 and 2010
of which the majority were drilled to define the Katie copper-gold porphyry
deposit; the Katie deposit to date has been tested over a 2.5km by 1.5km area
but remains open in several directions. 
An initial $600,000 has been budgeted for a summer 2014 exploration program,
which will include mapping, prospecting, soil sampling and follow-up diamond
drill testing of highly prospective areas within a 3km by 11km corridor of
favourable geology, geochemistry and geophysics. The program will be designed
to evaluate, delineate and test copper-gold porphyry targets outside
historically defined zones. Encouraging results obtained from due diligence
work completed by Riverside in the fall of 2013 identified a new, high priority
target 2km south of the historically defined Katie copper-gold porphyry
deposit. The newly identified "Swift" porphyry target is
characterized by a 2km by 2km multi-element soil anomaly underlain by a
favourable geophysical signature; this forested area has limited outcrop but
porphyritic intrusive rocks and altered volcanic rocks were recognized by
Riverside geologists within and adjacent to the target area. The program will
aim to discover through drilling and geochemistry on new areas of
copper-porphyry mineralization moving towards an aggressive Year 2 exploration
program in 2015. 
Under the terms of the Option, the Alliance can acquire an 80% interest in the
Property by incurring cumulative exploration expenditures of $5 million over a
4 year period at which time it will have earned its interest in the Project to
be further developed as a joint venture with Valterra holding the remaining 20%
For complete agreement details please view Valterra's press release dated
October 31, 2013. 
Swift Katie Property Details 
The Property is underlain by the prolific Quesnel Terrane, within a
geologically favourable and highly metallogenic area of British Columbia that
historically has hosted several important mining camps. Three mineral showings
are located within the property and for many years were explored separately in
claims with different ownership; the claims were amalgamated into a single
property for the first time under Valterra. There have been numerous
geological, geochemical and geophysical surveys completed on the property with
some of the most significant work funded by subsidiaries of Noranda and
Falconbridge in the 1980s-90s. These programs identified several exploration
targets, with the most advanced prospect being the Katie deposit, an alkalic
copper-gold porphyry deposit which has been tested by 71 shallow drillholes to
date and remains open in several directions. Historic drilling at the Katie
occurrence covers an approximately 2.5km x 1.75km area with several untested
soil, IP, magnetic and resistivity anomalies in close proximity to known
At a district scale, the property covers an 11km by 3km trend, as seen in
airborne magnetics, that remains virtually unexplored (outside of the Katie
occurrence) for copper-porphyry targets to date and represents significant
exploration upside and potential for new discoveries. The Property is located
in an infrastructure-rich area of southern BC (roads, rail, power, and
proximity to the Trail smelter), where a milder climate allows for a long field
season, extensive road networks allow for low-cost exploration, and is situated
in a favourable region of the province that has a strong community of
knowledgeable and experienced people on which to draw. 
President Lawrence Page commented, "As a junior exploration company we
developed Swift Katie to a point where it may be further developed utilizing
the experience and financial capability of the Riverside exploration alliance
while our Company focuses its efforts on development of our Bobcaygeon Graphite
property in Ontario to become a significant force in the Graphite sector." 
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 focused 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", "Swift Katie" and "Bobcaygeon" which are
located near roads, rail, power, and resource communities in Canada. 
Robert Macdonald, M.Sc., P.Geo., is the Qualified Person responsible for
reviewing the technical information presented in this release. 
On behalf of the Board of Directors, 
Lawrence Page Q.C., President, Valterra Resource Corporation 
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. 
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. 
Valterra Resource Corporation
1.888.456.1112 or 604.684.9384 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
-0- Apr/03/2014 12:00 GMT
Press spacebar to pause and continue. Press esc to stop.