Valterra Resource Corporation (TSXV:VQA) reported on its second stage of metallurgical analyses carried out at the Bobcaygeon property. The Company is proceeding with the next stage of metallurgical test work at SGS Lakefield. Valterra also announced the resignation of Jean-Pierre Colin from its board.

Sample highlights include:

65.6% graphite reported to jumbo and large flake size fraction classifications
Including 45.6% jumbo flake (+48 mesh or > 0.297mm)
99% carbon recovery into the flash and rougher concentrate which
graded 65-70% C(g) prior to any upgrading via cleaning circuit

Valterra Resource, President, Fred Sveinson, commented:

Management is pleased with the mineralogical and metallurgical testing from the discovery trench. The results indicate a high grade, large flake graphite system. The next step is to determine the extent of mineralization at the discovery zone and continue exploring this large property package looking for more deposits.

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