se bc projects update - may 2009 · title: se bc projects update - may 2009 author: brian mcgrath...

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VQA : TSX.V

VRSCF : OTCQB

3VA1: BERLIN

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Some of the statements contained in this presentation may be deemed “forward-looking statements.” Theseinclude estimates and statements that describe the Company’s future plans, objectives or goals, and expectationsof a stated condition or occurrence.

Forward-looking statements may be identified by the use of words such as “believes”, “anticipates”, “expects”,“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptionsand address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual results relating to, among other things, results of exploration, reclamation, capital costs, and the Company’sfinancial condition and prospects, could differ materially from those currently anticipated in such statements formany reasons such as but not limited to; changes in general economic conditions and conditions in the financialmarkets; changes in demand and prices for the minerals the Company expects to produce; litigation, legislative,environmental and other judicial, regulatory, political and competitive developments; technological andoperational difficulties encountered in connection with the Company’s activities; and changing foreign exchangerates and other matters discussed in this presentation.

Persons should not place undue reliance on the Company’s forward-looking statements. Further informationregarding these and other factors, which may cause results to differ materially from those projected in forward-looking statements, are included in the filings by the Company with securities regulatory authorities. The Companydoes not assume any obligation to update or revise any forward- looking statement that may be made from time totime by the Company or on its behalf, except in accordance with applicable securities laws, whether as a result ofnew information, future events or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of thecontents of this presentation, that has been prepared by management.

Robert Macdonald M.Sc., P.Geo., is the Qualified Person responsible for reviewing the technical information presented herein.

Disclaimer

VQA : TSX.V / 3VA1 : BER / VRSCF : OTCQB

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Contact

Head Office:

Valterra Resource Corporation

Suite 1100, 1199 West Hastings St.

Vancouver, BC V6E 3T5

Investor Relations:

Direct: 604.641.2759

Fax: 604.688.4670

Email: [email protected]

Website: www.valterraresource.com

Auditors: Smythe Ratcliffe LLP

Share StructureShares Outstanding: 9.4 millionFully Diluted: 14.8 million

Share ListingsTSX.V : VQAOTCQB : VRSCFBERLIN : 3VA1

Directors & ManagementLawrence Page, QC - President, Chairman & Director

Graham Thatcher - Chief Financial Officer

Arie Page - Corporate Secretary

Nigel Bunting - Director

Donald Head – Director

Joseph Kizis - Director

Brian McGrath, B.Sc., P.Geo.- Director & Audit Com. Chair

Edward Odishaw - Director

About Valterra


mailto:[email protected]

http://www.valterraresource.com/

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WHY INVEST IN VALTERRA?• Experienced management and exploration team with a history of

success

• Aggressively pursuing projects to increase shareholder value

• Three Projects; Swift Katie, British Columbia (Golden Arc) and LosReyes, Chihuahua, Mexico (Sierra Madre Oriental) and Weepah,Nevada (Walker Lane Trend). All historically producingjurisdictions w/excellent infrastructure

• Los Reyes: 2 claims (45.3ha.) Several reports suggest near-term

multi-million tonne high-grade Cu-Au resource potential

• Surface exploration program in Q4, 2019 consisting of

geophysics and sampling, targeting followed by drilling in Q1/Q2,

2020 subject to financing.

• Weepah: Targeting +3g/t Au in ‘high-grade’ oxide lenses localizedalong prominent NE-SW trending structures. Historicalproduction of approximately 117,000oz Au

• Swift-Katie: Target of +2.0Moz Au High-Grade Gold Systemsimilar to the Rossland Camp mines; Phase I drill programsuccessfully identified two shallow gold zones – Phase II drillprogram proposed


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Los Reyes Cu-Au Skarn ProjectChihuahua, Mexico

• Ownership: an option agreement to purchase an

100% interest in the claims for a US$4,000,000 purchase price over 5 years including a 2% Royalty.

• Location: Twelve kilometers south of Jimenez,

Chihuahua, Mexico. Within 2km of highway 49, power and rail. Accessed by dirt road from highway.

• Land Package: The Los Reyes project currently

comprises 2 claims totaling 45.3ha.

• Property Geology: ➢ Granodioritic intrusion (2km diameter) surrounded

by lower Cretaceous limestones and shale.

➢ Strong skarn alteration/mineralization localized along the intrusive contact

➢ Cu-Au target occurs in an 800 metre long x 100 metre wide north-south target zone along the eastern margin of the granodiorite.

➢ Multiple surface pits and workings reflect a long history of small scale mining


Figure: Los Reyes Claims, Chihuahua, Mexico

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Los Reyes Property

Mineral Inventory/Potential: No established mineral resources on the property at this time. However historical reports and surface work by VQA suggest significant near-term Exploration Potential for a high-grade Cu-Au mineral resource.

Exploration Targets: • Cu-Au Skarn: 800m strike, up to 100m width and

+500 metre depth potential. Previous reports and current target dimensions suggest an initial exploration target of: 3-5million tonnes grading 1-4%Cu and 1-4g/t Au(1).

• Porphyry Cu-Au target : This conceptual target is based on the Cu-Skarn association with a proximal source intrusion. Initial concept envisions a+500Mt target.

(1) This exploration target is conceptual in nature and is based on surface sampling, IP geophysics and limited available historic reports on the property including surface mapping,

geophysics, historic underground exploration and historic drilling and should not be relied upon as a mineral resource estimate. No current inferred or indicated resource has been

delineated on the property and there is no certainty that further exploration will result in the delineation of a resource on the property.


Figure: Geology and Cu in 2019 Surface Samples

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Los Reyes Property2019/20 Exploration Program

Phase I - Complete

• Mapping and sampling confirmed potential of property: 22 of 28 dump/outcrop samples averaged 3.1% Cu and up to 5.9% Cu

• Elevated precious and base metal values up to 0.57g/t Au, 25.3g/t Ag, 0.47% Moand 1.7% Zn

• IP Geophysical survey confirmed depth potential with initial conductive target area of 400m

Phase II

• 5 hole, 2000m of core drilling program will test an initial target area up to 400 metres depth

• Budget: US$400,000


Table: Assays from 2019 Surface Sampling

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Weepah Gold

• 76 unpatented lode claims and one patented lode claim totaling 590ha

• Accessed by road from Tonopah located 32km to the northeast

• Historic production of 117,000oz Au (est.) from underground workings and a small pit in a historically productive district

Surrounding Deposits

1. Eastside Deposit – Columbus Gold: Advanced Exploration Inferred Resources (Dec. 2016) of 35.78 Mt grading 0.57 g/t Au and 3.5 g/t Ag at 0.15 g/t Au cut-off for 654,000 ounces of Au and 3.9M oz of Ag.

2. Mineral Ridge Mine – Scorpio Gold: Current and Past ProductionProven + Probable Reserves (Oct 2016) of 6.86 Mt grading 0.58g/t Au for 117,200 oz Au.

3. Hasbrouck Deposit - West Kirkland: Pre-Feas. Development Stage Measured + Indicated Resource (Nov 2014) of 54Mt of 0.48g/t Au and 9g/t Ag for 738,000oz Au and 14,000,000oz Ag

4. Gemfield Deposit – Privately Held: Feasibility Development StageProven + Probable Reserves (Jul2012) of 14.3 Mt of 1.1g/t Au for 511,000oz Au

Note: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that allMineral Resources will be converted into Mineral Reserves. Data sourced from company websites and news release archives.

60km


Weepah Mesothermal Gold Project, NevadaSurrounded by active gold projects with growing resources within the

Walker Lane Gold Belt

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Weepah Geology

Ely Gold land

from Columbus Gold

Granite

PrecambrianMetasediments

Note: Investors are cautioned that a qualified person has not done sufficient work toverify historic drill intercepts or the reported past production; the Company disclosesthese results to demonstrate potential beneath post-mineral cover.

Cla

im B

ou

nd

ary

Gravel Cover

200m

Historic Gold Producer

• Historic production estimated at 117,000oz gold fromshallow underground mines and a small open pit duringtwo separate time intervals:

❖ 1935 to 1939: 305,000 tonnes grading 5.8g/t Au(57,000ozs) was produced from U/G workings;and

❖ 1986 to 1987: Sunshine Mining Co. produced atvarious grades approximately 60,000 oz. ofadditional gold with accessory silver.

Targeting High-grade Lenses Averaging +3g/t Au

• Historic drilling, CSAMT & Magnetics surveys outlinetwo potential mineralized structures extending +1kmfrom the Weepah Pit and Gold zone areas

• Potential high-angle, high-grade mineralized structures

• Recent drilling was too shallow or poorly oriented to beeffective in evaluating these targets

• 2017 sampling by VQA personnel confirm the high-grade potential of the mineralized structures

96R-13: 6m of 0.8 g/t Au

WP-12: 1.5m of +10.7 g/tWP-33: 1.5m of 1.6 g/t Au96R-05: “anomalous Au

Weepah Pit

Weepah East

Gold Zone


1010

South Face

Weepah PitVQA Pit Sampling Verifies Historic Results and Confirms the Potential of the

Western Target Structure

VQA chip-channel samples

March 2017

North Face

Historic Sampling

• 1.5m of 18.4g/t Au & 37.5g/t Ag

• 4m of 7.32g/t Au & 6.6g/t Ag

VQA Sampling

• 3.0m of 9.01g/t Au & 15.1g/t Ag

• 7.0m of 5.67g/t Au & 6.9g/t Ag


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Weepah ProjectSummary and Targeting

200m


• Historic Gold producer (~117,000oz Au) in anestablished District within western Nevada’sWalker Lane

• Targeting: +3g/t gold ‘high-grade’ oxidelenses localized along prominent NE-SWtrending structures

• 2017 sampling by VQA personnel confirm thehigh-grade potential of the mineralizedstructures

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• Large Land Package @ >83 km2

• Excellent Location, Infrastructure & Access

• Year-Round Exploration Advantage

• Politically Stable & Tax Friendly Incentives

• Swift Zone: Au-Ag-Cu epithermal target hosted in NE-SW trending structures.

– Possible analogue to nearby Rossland Mining District (+2.7Mozs Au production)

– 2017 Swift Target, near surface drill results:

11.5g/t Au & 6.7g/t Ag over 2.5m;

1.1g/t Au & 0.5g/t Ag over 22.6m; and

3.1g/t Au, 2.0g/t Ag over 8.6m.

• Katie Zones: Cu-Au-Ag porphyry deposit

– Similar to the producing Copper Mountain Mine at Princeton BC.

Swift Katie Porphyry/Epithermal Project, BC“LOCATION, LOCATION, LOCATION”

VQA : TSX.V / 3VA: FRKFRT / VRSCF : OTCQBVQA : TSX.V / 3VA1 : BER / VRSCF : OTCQB

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Swift Katie - Regional Setting“The Golden Arc” – A Productive Mineral Belt on the Edge of

Ancestral North America


History

• 1980’s & 1990’s explored by Noranda &

Falconbridge.

• Over 80 drill holes targeting 5 zones (+20,000m):

Katie deposit footprint = +500m (L) x 70m-135m (W)

Modern Evaluation & Exploration

• Amalgamation of the Katie & Swift properties

• 100% ownership by VQA: ~$3.5M invested in

exploration since 2006.

• Katie: Three known deposits; open laterally and at

depth.

• Swift: 2.5km long mineralized gold-alteration

structure to be drill tested.

• Claims in good standing to 2027.

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Swift Katie ProjectThree Known Deposits in the Katie Target and Exploration Upside at Swift


The Katie Cu-Au zones have historicallyreceived much of the exploration focus on theproperty.

New Targeting in the Swift Target Area revealsuntapped potential

Work over the last several years has advancedtargeting on the Swift area of the propertyincluding:

• Identification of a 2,500m long carbonate-sericite-quartz altered and gold mineralizedstructural zone

• Wide-spread Cu-Au soil and rock anomaliesthroughout the target area

• Shallow drilling returns both high grade intervalsand thicker “bulk-mineable” grade goldmineralization

Currently, five targets are identified over a2,500m target strike-length

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Swift Katie Project - Swift Zone 2017 Drilling

VQA : TSX.V / 3VA: FRKFRT / VRSCF : OTCQB

Primary Target: +2.5km long x 0.5km wide ‘Alteration Corridor’ of intense carb-sil-ser alteration and gold

Objective: Define economic, near-surface exploitable indicated/inferred gold-silver resources, at low-cost

• Five drill targets are currently identified

• Phase I drilling tested the “TR19” area which previously returned anomalous trenching, soil & drill results andsuccessfully identified two shallow gold zones in drilling approximately 1000m apart including:

• 11.5g/t Au & 6.7g/t Ag over 2.5m;

• 1.1g/t Au & 0.5g/t Ag over 22.6m; and

• 3.1g/t Au, 2.0g/t Ag over 8.6m.


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Katie Target >1,500m Mineral Zone Strike / Open in Several Directions


Katie Target Highlights

• Alkaline porphyry system. Three deposits within a 2.5km x 1.75km area identified to date

• 72 drill holes identidies widespread accumulation of Cu-Au mineralization

• Open along strikle and down dip with ~1.5km untested in between deposits

• Several additional highly prospective geochemical and geophysical targets remain to be tested

Katie Drill Highlights

• NKT-91-13: 83.1m of 0.28% Cu, 0.33g/t Au

• VKT07-060: 48.8m of 0.18 % Cu, 0.16g/t Au incl. 45.4m of 0.23% Cu, 0.27g/t Au

• VKT08-069: 101.5m of 0.19% Cu, 0.12g/t Au incl. 12.8m of 0.43 % Cu, 0.15g/t Au

• VKT08-064: 95.0m of 0.19% Cu, 0.11g/t Au

• VKT08-071: 64.0m of 0.16%Cu, 0.29 g/t Au

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Swift Zone – 2020 ExplorationPhase I Complete, Phase II Proposed Q2/Q3 2020


Next Phase of Exploration 2020: projected Budget - Cdn$500,000

• Aggressive surface mapping and sampling program to further delineate current gold mineralization and generate new drill targets from key underexplored target areas

➢ Budget - $50,000

• Phase II drill program to offset gold mineralization at TR19 and in area of SK17-019

➢ 2,000m of NQ2 diamond drilling proposed

➢ Budget - $400,000

• Exploration drilling in other priority target areas based on results of surface program

➢ 250m of NQ2 diamond drilling proposed

➢ Budget - $50,000

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Valterra Resource CorporationProject Summaries

• Three quality gold projects, all permitted and in historically productive districtswith excellent infrastructure

• Projects located in the ‘Walker Lane’ trend of Nevada (Weepah), ‘Golden Arc’ ofBritish Columbia (Swift Katie) and the “Sierra Madre Oriental” (Los Reyes),Chihuahua, Mexico.

Proposed Exploration

• Los Reyes: Phase I successful. Phase II - 5 hole, 2,000m core drilling program totest the target up to 400 metres depth – Proposed Budget: US$400,000

• Weepah project: 15 hole - 2,250 m Phase I RC drill program targeting two +50mwide, steeply west-dipping mineralized structural zones with +2,000m of strikepotential – Proposed Budget: US$400,000

• Swift: 2,250m Phase II exploration/drilling - Proposed budget: Cdn$500,000


se bc projects update - may 2009 · title: se bc projects update - may 2009 author: brian mcgrath...

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