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Valterra Identifies Two New Gold Zones on Swift Target in 2017 Drilling


Vancouver, British Columbia--(Newsfile Corp. - September 7, 2017) - Valterra Resource Corporation (TSXV: VQA) ("Valterra") reported today on results from the 2017 diamond drill program on the Swift Katie property which successfully identified two shallow mineralized gold zones along the target structure in Swift zone.

Highlights from the drill program include:

  • a 0.8 metre downhole interval averaging 30.9g/t Au and 17.8g/t Ag within a broader 2.5 metre downhole interval averaging 11.5g/t Au and 6.7 g/t Ag from hole SK17-015;
  • an additional 22.6 metre downhole interval averaging 1.1g/t Au and 0.5g/t Ag from hole SK17-015; and
  • a 1.4 metre interval averaging 9.7g/t Au and 7.6g/t Ag within a broader 8.6 metre interval averaging 3.1g/t Au and 2.0g/t Ag from hole SK17-019.

Higher grade gold values were returned from quartz veins and silicified intervals within a strongly foliated and quartz-carbonate-altered volcanic rock which can form zones several 10's of metres thick in any given drill hole. Alteration appears largely structurally controlled and forms an anastomosing network of northeast-striking shear zones that dip moderately to the southeast.

Gold mineralization has been intersected in relatively shallow drilling (<200 metres depth) with the thickness of some intercepts, particularly in hole SK17-015 comparable to mineralized intervals at Prize Mining's Kena Gold Project, located 30 kilometres to the Northeast, which is currently modelled as a bulk-tonnage porphyry gold target.

Drilling tested three areas along an approximate 1000 metre strike length of the target structure which had been previously traced by a combination of surface rock and soil sampling, historical trenching and several short diamond drill holes from the 1980's and most recently by Valterra in 2016. Only part of the full strike-length of the structural target has been drill tested; several additional target areas have been prioritized for testing in future programs.

The current drill program successfully confirmed high-grade gold mineralization in two locations along the tested strike-length of the target structure and returned a significant cumulative thickness of +1g/t Au mineralization in hole SK17-015. Both gold-enriched areas are open along strike and down dip and require additional drill testing.

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Figure 1: 2017 Plan Map of the Swift target area showing drill hole distribution

To view an enhanced version of Figure 1, please visit:

Hole #
Collar Data From
SK17-012 325 -80 118.3 48.7 53.0 4.3 1.0 1.7 32.7% dilution
inc. 48.7 50.2 1.5 2.0 3.1
SK17-013 325 -50 139.0 40.0 56.7 16.7 1.1 0.4 23.9% dilution
inc. 44.8 50.0 5.3 2.3 0.6
SK17-014 005 -70 154.5 22.5 24.0 1.5 0.3 0.7
SK17-015 356 -70 160.6 23.5 26.0 2.5 11.5 6.7
inc. 23.5 24.3 0.8 30.9 17.8
SK17-015 46.0 55.7 9.8 1.4 0.4
SK17-015 78.5 101.1 22.6 1.1 0.5
SK17-015 119.7 126.8 7.1 1.1 0.7
inc. 119.7 121.0 1.4 3.7 1.5
SK17-016 343 -50 154.5 117.1 117.6 0.5 0.4 1.7
SK17-017 335 -50 215.2 NSV NSV NSV NSV NSV
SK17-018 315 -70 273.2 190.5 191.9 1.4 0.5 2.4
SK17-018 226.0 227.5 1.5 0.8 2.3
SK17-019 330 -50 189.0
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