2005
Work Done on Properties in 2005
December 16, 2005
Private Placement - Proceeds from the placement will be used in part for a proposed 6,000 foot reverse circulation drill program on the Eden Property, Nevada and for general working capital
December 7, 2005
The Company has confirmed availability of a reverse circulation drill rig and subject to weather it is anticipated that a 6,000 foot drill program could commence within the first two weeks of January 2006.
Phase 1 work at Eden has defined a low-sulfidation type gold system which has classical, prominent zonation-features along the Eden fault zone. The fault zone trends north-northeast for more than three miles and is up to 800 feet wide.
Minterra has completed detailed geologic mapping and surface geochemistry.
September 29, 2005
The Company has received a permit from the Bureau of Land Management to drill up to 10 Reverse Circulation (RC) drill holes to an average depth of 800 feet per drill hole. The Company proposes to drill an initial four drill holes to test coincident geophysical (gravity) and geochemical anomalies (see News Release July 13, 2005). A reverse circulation drill rig currently doing preparatory work to allow completion of hole EC-2 with a diamond drill at the Company’s Elder Creek property will be moved to the Gold View Property after completing the work at Elder Creek.
September 27, 2005
Minterra has entered into two drill agreements with Boart Longyear Company of Elko Nevada to provide a reverse circulation drill rig and a diamond (core) drill rig.
Minterra completed 2,370 feet of drilling in two vertical, reverse circulation drill holes that were collared in the Elder Creek pit, approximately 400 feet outside the known surface gold resource. Drill hole EC-1 was abandoned at 510 feet because of hole logistics and bit problems due to silicified, extremely abrasive quartzite. EC-2 was collared at a depth of 1860 feet and will now be continued using core rig.
A further four drill sites are currently permitted at locations which can test favorable structures where they intersect the lower plate rocks.
July 7, 2005
The Company, via its wholly owned Nevada subsidiary, Britannia Gold Corp., received approval from the Nevada Bureau of Land Management for an initial drill program on the Elder Creek Property consisting of five reverse circulation drill holes, of which the Company proposed to drill only an initial two holes with a combined total of approximately 4,000 feet of drilling to test lower plate carbonate rocks as the source of gold mineralization in the historic Elder Creek open pit and in the gold mineralized dikes exposed in the base of the open pit.
Minterra has now completed 2,370 feet of drilling in two vertical, reverse circulation drill holes that were collared in the Elder Creek pit, approximately 400 feet outside the known surface gold resource. Drill hole EC-1 was abandoned at 510 feet because of hole logistics and bit problems due to silicified, extremely abrasive quartzite. EC-2 was collared at a depth of 1860 feet and will be continued using core, as soon as drill casing and a core drill rig are available, to explore for the favorable lower plate.
May 24, 2005
A drill crew from Lang Exploratory Drilling, a Division of Boart Longyear Company, Elko, Nevada, arrived on site late last week at the Elder Creek Property, Lander County, Nevada. An initial hole was commenced on a major northwest – southeast structural feature that is believed to be one of the gold feeder systems that enriched the upper plate Valmy formation rocks that were the subject of the original Elder Creek mine.
A second hole, as of Wednesday May 18th, was down approximately 965 feet (1,200 feet as of Monday, May 23, 2005).
April 11, 2005
Minterra received approval from the Nevada Bureau of Land Management for an initial drill program on the Elder Creek Property consisting of five reverse circulation drill holes, of which the Company plans to drill only an initial two holes (in addition the abandoned hole) with a combined total of approximately 4,000 feet of drilling to test lower plate carbonate rocks.
The Company now has interests in 14 gold prospects in Nevada.