Terra Ventures Completes Airborne Survey at Lac Kachiwiss Uranium Property, Sept-Iles, Quebec
Vancouver, January 21, 2008 � Terra Ventures Ltd. (TSX-V: TAS) announces that it has completed an airborne radiometric and magnetic survey in the area of its Lac Kachiwiss uranium property near Sept-Iles, Quebec, and has acquired an additional 101,600 hectares by staking.
The airborne survey was carried out by Novatem Inc. of Mont-Saint-Hilaire, Quebec. It utilized a gamma-ray spectrometer and a magnetometer. The 10,827 line-kilometre survey covered the Lac Kachiwiss uranium property, where a 4,004-metre Diamond drilling program was recently completed (see news release of January 8th, 2009), as well as the 838 claims recently acquired by the company (see news release of December 31st, 2008), and a large area of the surrounding ground.
Preliminary ground examination of a selection of airborne radiometric anomalies indicated the presence of uranium-bearing pegmatitic granite of the same type as the company has been drilling at Lac Kachiwiss. On this basis, these and other anomalies defined by the survey were covered by map-staking an additional 1,997 cells with a total area of approximately 101,600 hectares.
The radiometric anomaly corresponding to the Lac Kachiwiss uranium zone measures approximately 3600 metres by 800 metres. The drilling performed recently by Terra, in addition to drilling done from 1976 to 1978 by the previous operator, Getty Mines Ltd., has tested an overall combined area of 1320 metres by 800 metres. The airborne survey data give reason to believe that the mineralized zone may be much larger than previously recognized.
Terra Ventures now holds a total of 2,951 claims with an aggregate area of approximately 150,500 hectares in the region.
Technical information in this news release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a consultant to the company and a Qualified Person as defined in NI 43-101. Assays quoted herein were performed by Activation Laboratories Ltd. of Ancaster, Ontario using the DNC (delayed neutron counting) method. Activation Laboratories Ltd. is accredited under ISO/IEC 17025 with CAN-P-1579.
Terra Ventures is a junior exploration company focused on acquiring and developing quality uranium projects which have world class potential. The Company is dedicated to building shareholder value by acquiring strategic uranium properties in this period of strengthening global demand for uranium supply. The Company's combination of strategic land positions, advanced stage projects and no risk carried interest projects - combined with technical expertise and management's fundraising ability � are the foundation for growth in the uranium busines s.
For further particulars about Terra Ventures, please contact Gunther Roehlig, President, at 1-866-683-0911 or visit the Company�s website at www.terrauranium.com.
On behalf of the board of directors of
TERRA VENTURES INC.
�Gunther Roehlig�
Gunther Roehlig, President
Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Jeffery Szita : jszita@renmarkfinancial.com
Montreal � Tel.: 514 939-3989 / Fax: 514 939-3717
Toronto � Tel.: 416 644-2020 / Fax: 416 644-2021
www.renmarkfinancial.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as �may�, �should�, �expects�, �plans�, �anticipates�, �believes�, �estimates�, �predicts�, �potential� or �continue� or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry�s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumption s upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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Terra Ventures Inc.
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EXPLORATION STAGE |
CODE : TAS.V |
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Terra Ventures Inc. is a uranium development stage company based in Canada. Terra Ventures Inc. holds various exploration projects in Canada. Its main exploration properties are TITAN'S CASTLE, HATHOR RUSSEL LAKE SOUTH, LAC KACHIWISS, MIDWEST NORHTEAST, REN GOLD and WHEELER RIVER C4 C5 C6 in Canada. Terra Ventures Inc. is listed in Canada and in United States of America. Its market capitalisation is CA$ 35.3 millions as of today (US$ 35.9 millions, € 25.4 millions). Its stock quote reached its lowest recent point on December 29, 2005 at CA$ 0.12, and its highest recent level on December 31, 2007 at CA$ 1.87. Terra Ventures Inc. has 61 943 000 shares outstanding. |