Minterra Resource Corp.
TSX VENTURE : MTR

Minterra Resource Corp.

May 06, 2008 14:25 ET

Minterra Resource Corporation: Majuba Drilling and Field Program Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2008) - Minterra Resource Corp. (TSX VENTURE:MTR) is pleased to announce that a 4,500 foot reverse-circulation drill program is underway at the Majuba Hill Project. This is a focused drill program designed to explore the Line Drive and Section 35 Induced Polarization chargeability anomalies identified during the geophysical program completed in the 4th quarter of 2007. Four holes will test the two anomalies (See attached target Figure). These anomalies underlie and are adjacent to surface oxide copper-bearing zones discovered earlier in the 2007 field season. Surface rock sample results for the two target zones are summarized below.



--------------------------------------------------------------------------
Anomaly Gold Silver Silver Copper Mo Zn
ppm ppm opt % ppm %
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Section 35 less
than
0.005 0.62 0.10 0 2.3 0
to 0.40 to 106.29 to 3.1 to 3.6 to 436.0 to .78
--------------------------------------------------------------------------
Line Drive less than
0.005 1.10 0.03 0 1.2 0
to 1.21 to 174.86 to 5.1 to 7.72 to 27.0 to 0.31
--------------------------------------------------------------------------


One hole is planned for the Myler Zone to expand the leachable copper
mineralization outlined in 2007. The 2007 Phase 1 drilling returned up to
315 feet of leachable copper as well as significant silver intervals.


The highest copper grade zones included:

- MH-2 230 feet @ 0.37% Cu (160 to 390 feet) including
15 feet @ 0.92% Cu (235 to 250 ft) and
25 feet @ 1.36% Cu (295 to 320 ft)

- MH-5 290 feet @ 0.49% Cu (0 to 290 feet) including
15 feet @ 1.18% Cu (0 to 15 ft)

- MH-6 145 feet @ 0.49% Cu (0 to 145 feet) including
10 feet @ 1.04% Cu (10 to 20 ft) and
15 feet @ 0.94% Cu (110 to 125 ft)

- M-7 315 feet @ 0.34% Cu (85 to 400 feet) including
15 feet @ 1.05% Cu (165 to 180 ft)


Higher grade silver intervals include:

- MH-4 145 feet @ 1.85 opt Ag (0 to 145 feet) and
30 feet @ 1.12 opt Ag (310 to 340 feet)


Project-wide surface and underground field mapping and sampling
programs are also underway. The project-wide program is designed
to define and refine additional drill targets associated with
historic mines such as the Last Chance Mine area (which was a historic
silver-lead-gold mine) and expand on 2007 rock chip sampling
results including:

- 10.115 ppm gold (0.293 opt Au)
- 7.7% copper
- 23.1 opt silver


E.L. "Buster" Hunsaker III CPG, is the Qualified Person as defined by National Instrument 43-1-1, and has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure.

About Minterra Resource Corp.

Based in Vancouver, B.C., Minterra is a Canadian gold exploration company focused on gold and copper-gold exploration in the Great Basin of Nevada, currently having six active projects in the Battle Mountain-Eureka Trend, the Walker Lane, and the Western Nevada Gold Belt. Minterra plans in 2008 to drill the copper anomaly at Majuba Hill and gold anomalies at Golden Snow, Agate Pass, and Fish. Shares of the Company are listed for trading on the TSX Venture Exchange under the symbol "MTR".

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.

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.
    Denby Greenslade
    Executive Marketing & IR/ Secretary
    (604) 687-6690
    Email: denby@minterra.ca
    or
    CHF Investor Relations
    Jeanny So
    Director of Operations
    (416) 868-1079 x 225
    Email: jeanny@chfir.com
    or
    CHF Investor Relations
    Lindsay Carpenter
    Account Manager
    (416) 868-1079 x 239
    Email: lindsay@chfir.com