The Conversation (0)
Valterra Resource Corporation (TSXV:VQA,FWB:3VA) reported multiple near surface assay results from widely-spaced drilling and continued expansion of its recently discovered Gold Eagle zone at the Au-Ag+/-Cu porphyry/shear-hosted “Star Project”, British Columbia, Canada.
As quoted in the press release:
In 2011, a Phase I drilling program was completed consisting of five drill holes totalling 1,362 metres which targeted four priority targets; the Gold Eagle, the Alma N, the Eureka, and the Link. These polymetallic mineralized zones occur along a prospective 3.5 kilometre-long trend transecting the property claims and Valterra has valid permits enabling up to 10,500 metres of drilling.
The encouraging results received to date warrant continued drilling and Valterra anticipates that the Gold Eagle and Alma N are advancing toward grid-patterned drilling designed to develop Au-Ag resources of potential economic significance. To date, Valterra has completed 25 NQ2/BTW-sized drill holes (5,785m) on the project and has returned several encouraging intercepts for Au-Ag +/- Cu from five known zones. Furthermore, advanced studies on the project database have identified ‘embayments’ in the magnetic geophysical signature coincident with prospective geological contacts and strong hydrothermal alteration. To date, the precious metal signature is often elevated when these features are core sampled, yet the structures are only nominally tested in the drill record.
Click here to read the Valterra (TSXV:VQA,FWB:3VA) press release.
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