Standard & Poor's Initiates Factual Stock Report Coverage on Terra Ventures, Inc.
Standard & Poor′s announced today that it has commenced Factual
Stock Report coverage Terra Ventures, Inc.
About Terra Ventures Inc.
Terra
Ventures Inc. (TSX-V: TAS; OTCQX: TASFF; FSE: G7K), trades in the
United States on OTCQX under the symbol 'TASFF?. Terra Ventures is a
junior exploration company focused on acquiring and developing quality
uranium projects which have world class potential. The Company′s
combination of strategic land positions, prospective exploration
projects and no risk carried interest projects - combined with technical
expertise and management′s fundraising ability - are the foundation for
growth in the uranium business.
Terra′s two main assets are a carried interest in Hathor Explorations
Midwest Northeast Property containing the Roughrider deposit - 27.88MM
lbs U3O8 at 2.88% including 24.2MM lbs at 11.7%. An updated resource
estimate incorporating Roughrider Zone east is due out Q1 2011 and a
three rig drill program is underway. The program is expected to run for
the duration of the winter season. Between 35 and 40 holes are planned,
for approximately 15,000 meters in total. Terra′s interest is fully
carried to completion of bankable feasibility study.
Terra recently acquired 3 claims (designated C-4, C-5 and C-6) adjoining
the Wheeler River property of Denison Mines Corp. (60%), Cameco Corp.
(30%) in the southeastern part of the Athabasca Basin containing the
'Phoenix deposit' ? 35.6MM lbs U3O8 at 17.99% indicated and 3.8MM lbs
U3O8 at 7.27% inferred. The C-6 claim lies approximately one kilometer
north of the Phoenix A & B zones. The Property lies midway between the
producing McArthur River uranium mine and the former producing Key Lake
uranium mine.
Previous airborne EM surveys have defined conductors on the C-4 and C-5
blocks. Previous drilling in the area has resulted in the recognition of
a broad zone of clay alteration of the type that is always associated
with unconformity-type uranium mineralization in the Athabasca Basin.
There is also evidence from prior drilling that a quartzite ridge in the
basement, similar to that which appears to be at least partially
responsible for localizing the giant McArthur River ore body and the
Phoenix zones, is present on the C-5 block.
A program of boulder sampling carried out (by a previous operator) in
2009 confirmed the widespread clay alteration in the property area.
Illite is the dominant clay mineral, with local 'hot spots' of kaolinite
and dravite. Geochemical analysis of boulder samples also indicated
extensive anomalies in uranium and pathfinder elements.
Terra plans a program of ground geophysics (IP, resistivity and seismic
surveys) on the properties followed by diamond drilling. The company has
received permits for these programs.
Technical information in this news release has been prepared and/or
revised by Mike Magrum, PEng, director and qualified person as defined
in NI 43-101 for Terra.
About Standard & Poor's Factual Stock Reports
This Standard & Poor′s service provides factual research coverage
enabling information about Terra
Ventures, Inc. and other securities to reach a wide investor
audience of Buy and Sell-side investors, helping them understand a
company′s fundamentals and business prospects. Currently profiling over
500 issuers, S&P Factual Stock Reports increase market awareness for
issuers in the investment community with insightful commentary and key
statistics/information. Updated weekly with the latest pricing, trading
volume, and other data, the reports include recent developments, a
financial review, key operating information, Industry and peer
comparisons, institutional holdings analysis, Street Consensus and
opinions, performance charts, business summary, fundamental data, and
news. Because coverage of these reports is sponsored by the issuer, S&P
does not offer investment opinions concerning the advisability of
investing in these stocks.
Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of Standard & Poor′s. Standard & Poor′s Factual
Report research has no access to non-public information received by
other units of Standard & Poor′s. Standard & Poor′s does not trade on
its own account.
Note:All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P′s STARS research) are eligible to obtain
this coverage.
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Terra Ventures, Inc.:
Ryan Johnson, 604-683-0911
ryan@terrauranium.com
or
Standard
& Poor's:
Customer Contact:
Richard Albanese,
212-438-3647
richard_albanese@standardandpoors.com
or
Media
Relations:
Michael Privitera, 212-438-6679
michael_privitera@standardandpoors.com