Minterra Resource Corp.
TSX VENTURE : MTR

Minterra Resource Corp.

February 19, 2008 14:24 ET

Minterra Permits Drilling at Fish Project in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Minterra Resource Corp. ("Minterra" or the "Company") (TSX VENTURE:MTR) is pleased to announce that they have submitted the permit notification to the Bureau of Land Management (BLM) for the initial phase of drilling on the Fish Project in the Walker Lane Mineral Belt Nevada.

Detailed surface mapping and rock chip sampling has identified three target areas with gold values of less than 0.005 ppm to 10.05 ppm (0.293 ounces per ton) gold plus values of less than 0.2 ppm to 563 ppm (16.4 ounces per ton) silver. Zinc values are also highly anomalous returning from 11 ppm to greater than 10,000 ppm (over 30%) zinc. The highest values came from historic prospects and minor underground workings which are along dikes in possible fault zones that cut the favorable host rocks.

Phase 1 will drill 5,000 feet in seven reverse circulation drill holes. The target zones are labeled from south to north on the accompanying Target Zones Map. Drill holes at Targets 1, 2, and 3 will test down dip from surface rock chip sampling which returned:



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Target Zones Gold Silver Zinc
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Target 1 0.012 to 0.105 opt Au 0.92 to 9.8 opt Ag 0.7% to 8.0% Zn
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Target 2 0.006 to 0.043 opt Au 0.02 to 11.7 opt Ag 0.11% to
greater than 30% Zn
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less than less than less than
Target 3 0.001 to 0.293 opt Au 0.02 to 4.58 opt Ag 0.001 to 6.6% Zn
---------------------------------------------------------------------------


Target Sections A-A' and C-C' are idealized cross sections which indicate how the drill hole locations and orientations are designed to test the most prospective alteration, geology, and structural controls which could control economic mineralization. The geology and target mineralization on the sections is interpreted from the geologic mapping and surface sampling completed in 2007.

The Fish project is in the Lone Mountain Mining District of Esmeralda County Nevada and consists of 58 unpatented lode mining claims covering approximately 1275 acres. The property encompasses a widespread skarn-zone in the Proterozoic age Reed Dolomite and Deep Spring Formations cut by Tertiary age lamprophyric, silicic, and rhyolitic dikes and sills. The project area is adjacent to the Cretaceous age Lone Mountain Pluton which comprises the main massif of Lone Mountain

E.L. "Buster" Hunsaker III CPG, 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 and copper-gold exploration in the Great Basin of Nevada and currently has 6 active projects in the Battle Mountain-Eureka Trend, the Walker Lane, and the Western Nevada Gold Belt.

ON BEHALF OF THE BOARD OF DIRECTORS OF MINTERRA RESOURCE CORP.

JOHN W. GREENSLADE, PRESIDENT

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.

To view maps of the Minterra Resource Corp. Fish Project-Target Zones, please visit the following link:
http://cnrp.marketwire.com/cnrp_files/20080219-minterra.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Minterra Resource Corp.
    John Greenslade
    President
    (604) 687-6690
    or
    Minterra Resource Corp.
    Denby Greenslade
    Investor Relations
    (604) 687-6690
    or
    CHF Investor Relations
    Jeanny So
    Director of Operations
    (416) 868-1079 ext. 231
    Email: jeanny@chfir.com
    or
    CHF Investor Relations
    Lindsay Carpenter
    Associate Account Manager
    (416) 868-1079 ext. 239
    Email: Lindsay@chfir.com