You are here: Home » News »Archived Press Releases
February 1, 2006
Golden Snow Project Acquired

Trading Symbol: MTR

New Acquisition

John Greenslade, President of Minterra Resource Corp. (the "Company"), is pleased to advise that it has acquired a further project in the Cortez Trend, Nevada.

Golden Snow Project Acquired - Immediately adjacent to Stacatto Gold's South Eureka Property

The Company has agreed to acquire a 100% interest in the Golden Snow Project from Scoonover Exploration LLC., a Nevada company. The Golden Snow project is comprised of 99 claims on the Battle Mountain - Eureka Trend and is contiguous to the southern end of South Eureka Project held by Staccato Gold Resources Ltd. TSX-V symbol "CAT"). The project is also located approximately 8 miles south of the East Archimedes gold deposit (formerly the Archimedes Mine operated by Homestake) where Barrick Gold Corporation is currently developing an open pit gold mine.

The Eureka district is at the south end of a northerly trending series of intrusives. Within the district a prominent north-south alignment of gold deposits trends on to the Golden Snow Project (see attached map). Recently announced high-grade intercepts by Staccato on the adjacent ground appear to be along a strong fault zone. Published mapping shows this fault as a district scale structure that projects into the Golden Snow area.

The Company will acquire the Golden Snow project under a 10 year lease-option agreement by paying an initial $15,000 advance royalty payment which escalates to $30,000 at year 5, issuing Scoonover 200,000 shares in the capital of the Company, and paying all claim staking and filing costs. The claims are subject to a 3% NSR with a buy down provision. Scoonover is a Nevada corporation controlled by E.L. (Buster) Hunsaker. Hunsaker is arms-length to the Company however the Company does retain Hunsaker to provide geological consulting services to the Company in Nevada.

Possible Joint Ventures

The Company is currently discussing possible option-joint venture arrangements with third parties on certain of its Nevada projects in order to increase its annual exploration budget and to expedite review of the projects. No agreements have yet been finalized however in any such agreements the Company would expect to retain operatorship and exploration control of the projects.

Eden Drill results available shortly

The Company has now completed 4 reverse circulation drill holes on the Eden project, located near Winnemuca, Nevada, and expects to provide results later this week.

Company drops Gold View

The Company has now completed a review of drill results previously announced for the Gold View project, located in the Cortez Trend, in the context of previous geological, geophysical and geochemical surveys and has advised the Optionor that it is withdrawing from such project. The Company will complete required surface reclamation of the property when weather permits.

John W. Greenslade, P.Eng., a Qualified Person has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure.

About Minterra

Minterra is a gold exploration company based in Vancouver, British Columbia. It is focused on gold exploration in the Great Basin of Nevada and currently has 14 projects in the Cortez and Carlin Trends of Nevada, as well as the West Nevada Rift.

ON BEHALF OF THE BOARD OF DIRECTORS OF

MINTERRA RESOURCE CORP.

"JOHN W. GREENSLADE"

JOHN W. GREENSLADE, PRESIDENT

For further information please contact John Greenslade, President, at (604) 687-6690
Investor Relations: Denby Greenslade (604) 687-6690.


The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Featured News
Minterra Identifies Gold Targets at CPG Property in Nevada
2006
Work Done on Properties in 2006
June 5, 2006
Eden Drill Begins, Golden Snow Project Expanded
May 26, 2006
Minterra Resource Corp. Announces Closing of $3.5 Million Private Placement
April 18, 2006
Minterra Resource Corp. Announces $3.5 Million Private Placement
March 13, 2006
Minterra Resource Corp. Retains Coal Harbour Communications
February 13, 2006
New Property Acquisitions
February 13, 2006
Eden Drilling Intersects Encouraging Gold
February 1, 2006
Golden Snow Project Acquired
January 19, 2006
Elder Creek Drill Results
2005
Work Done on Properties in 2005
December 16, 2005
Private Placement
December 7, 2005
Eden Project Drilling to Commence in January 2006
September 29, 2005
Drilling to Commence on Gold View Property
September 27, 2005
Elder Creek Drilling Resumed
September 13, 2005
IR Agreement with Scott F. Gibson
July 11, 2005
Gold View - Geochemical Survey Identifies Gold Anomaly
July 7, 2005
Elder Creek Drilling Update
May 24, 2005
Drilling Commences at Elder Creek
April 11, 2005
Drilling of Elder Creek Property to Commence, Further Property Acquisitions
January 14, 2005
Minterra acquires three further gold prospects in Nevada
September 26, 2004
October 28, 2004
Trading Symbol: MTR
November 5, 2004
TSX-V: MTR
September 24, 2004
Drilling on Star Property
September 10, 2004
Investor Relations Contract
September 4, 2004
August 31, 2004
Star Property Commences Drilling
August 30, 2004
Trading Symbol: MTR
August 13, 2004
Private Placement and Nevada Prospects
July 8, 2004
Trading Symbol: MTR
May 14, 2004
Website Launch
December 19, 2003
John Nilsson Joins the Board of Directors
November 20, 2003
Trading Symbol: MTR
© Minterra 2007 | all rights reserved
Add me to your email list