Valterra Expands High Grade Graphite Discovery Zone at Bobcaygeon

By MT Newswires,  January 15, 2013, 01:06:09 PM EDT

Valterra Resource Corporation (VQA.V) reports that recent surface and trench sampling is confirming the high grade nature of the Bobcaygeon Graphite Property, located 130 kilometres due northeast of Toronto.

Ground EM-MAG-IP geophysical surveys have been completed on 60% of the 11 line-kilometre grid and the preliminary IP chargeability within the Discovery Zone area has outlined an open-ended, near surface anomaly covering 480m x 350m, plus additional nearby features and other zones of potential interest have been detected.

Additional ground has been staked, bringing the Valterra holdings to over 140 sq. km.

The company is planning a near-term diamond drill program and a more extensive regional exploration program to further evaluate the large property package.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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