Claim Inspection Supports Hathor Exploration and Terra Ventures
VANCOUVER, BRITISH COLUMBIA - April 16, 2008 - Terra Ventures Inc. (TSX VENTURE: TAS) provides an update on the Midwest NorthEast Uranium property in which Terra owns a 10% production carried interest.
In a press release dated April 16, 2008 Hathor reports "Hathor Exploration Limited (TSX VENTURE:HAT) is pleased to report that it has received the Field Inspection Report from the Saskatchewan Government's Ministry of Energy and Resources with respect to Hathor's 90%-owned Midwest NorthEast Property located in the Athabasca Basin region of northern Saskatchewan. Terra Ventures Inc. (TSX VENTURE:TAS) owns a 10-per-cent production carried interest in the Midwest Northeast property.
The report confirms that:
-
The recently discovered Roughrider Zone uranium mineralization occurs completely within Hathor's original Midwest NE claim (Disposition S-107243);
-
The location of claim posts in the field determines claim boundaries and the closing times for staking determines priority of claims;
-
Hathor's Disposition S-107243 has priority over the nearest claims held by Fission Energy Corp. ("Fission");
-
Hathor's recent staking has successfully acquired 100% of the "open ground" fractions between Hathor's original property and claims held by Fission; and
-
Fission's recent attempt to stake fractional open ground was rejected because Hathor's staking had priority.
Hathor considers the report as vindication of its unwavering position that its recent Roughrider Zone discovery is securely within the Midwest NE property boundaries, and is pleased to report that it has now further buttressed its property position by successfully acquiring all of the open ground in the area."
On behalf of the board of directors of
TERRA VENTURES INC.
Gunther Roehlig, Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
TERRA VENTURES INC.
GUNTHER ROEHLIG
DIRECTOR
1-866-683-0911
WEBSITE: WWW.TERRAURANIUM.COM
RENMARK FINANCIAL COMMUNICATIONS INC.
CHRISTOPHER WELLS : CWELLS@RENMARKFINANCIAL.COM
JULIEN OUIMET : JOUINET@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM
|
Terra Ventures Inc.
|
|
EXPLORATEUR |
CODE : TAS.V |
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Terra Ventures Inc. est une société développant des projet miniers d'uranium basée au Canada. Terra Ventures Inc. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont TITAN'S CASTLE, HATHOR RUSSEL LAKE SOUTH, LAC KACHIWISS, MIDWEST NORHTEAST, REN GOLD et WHEELER RIVER C4 C5 C6 au Canada. Terra Ventures Inc. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 35,3 millions CA$ (35,9 millions US$, 25,4 millions €). La valeur de son action a atteint son plus bas niveau récent le 29 décembre 2005 à 0,12 CA$, et son plus haut niveau récent le 31 décembre 2007 à 1,87 CA$. Terra Ventures Inc. possède 61 943 000 actions en circulation. |