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Valterra Reports Progress of Bulk Sampling at the Livramento Gold Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2021) - Valterra Resource Corporatio...
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[{"type":"text","content":"Valterra Reports Progress of Bulk Sampling at the Livramento Gold Project, BrazilVancouver, British Columbia--(Newsfile Corp. - March 30, 2021) - Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) (\"Valterra\" or the \"Company\") reports on the status of bulk sampling currently underway at the Livramento predevelopment-stage gold project, located in the Poconé Mining District, Mato Grasso, Brazil. The planned 5,000-tonne bulk-sampling program follows recommissioning of the Livramento mill and stripping of overburden from two sample sites (see figure below and news release NR-02-21 dated February 17, 2021).Approximately 1,560 tonnes of bulk sample from two vein zones have been processed through the mill as of March 30th, and an additional 1,940 tonnes of bulk sample have been stockpiled for on-going processing. Approximately 50 ounces of gold-rich dore have been recovered through the mill, and initial analyses of the dore indicate a gold concentration of approximately 95.6%, representing an average grade of 0.99 g/t of gold recovered from the bulk sample, including 11.39 ounces from 115 tonnes (3.08 g/t) from the Page vein.Although the plant has been fully commissioned for a capacity of 30 tonnes per hour, the mill is shut down between sample runs of bulk sample, which consist of approximately 100-tonnes each, to allow complete cleaning to insure accurate mill-recovery data.Poconé Mining Mineração Ltda, (\"PMM\") is a private Brazilian company that Valterra is acquiring, subject to regulatory approval, as a wholly owned Brazilian subsidiary (the \"Transaction\"). PMM is purchasing the Livramento property (see NR-09-20, 17 September 2020 for details of the transaction) and has assumed possession and full operational control of the gold project.Engineer and President of PMM, Richard Crew commented, \"A total of 12,672 man-hours have been worked to date with zero lost-time accidents and no reportable incidents. The Company is closely monitoring the COVID-19 pandemic and has taken precautionary measures at Livramento to help protect the safety of the Company's workforce and local communities. Recently two employees were confirmed with COVID-19 and two other employees were suspected of having COVID-19. As a precautionary measure, the project closed for a total of 14 days. PMM has also taken steps to support ...