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Terrace Ventures (EM)【TVER】銘柄情報

期間 †	前日比	前日比 %	始値	高値	安値	平均出来高	VWAP
1	0	0	0	0	0	0	0	CS
4	0	0	0	0	0	0	0	CS
12	0	0	0.0001	0.0001	0.0001	0	0	CS
26	0	0	0.0001	0.0001	0.0001	100	0.0001	CS
52	0	0	0.0001	0.0001	0.0001	401	0.0001	CS
156	-0.0009	-90	0.001	0.0402	0.0001	42317	0.00010025	CS
260	0	0	0.0001	0.0402	0.0001	40083	0.00031623	CS

期間 †

前日比

前日比 %

始値

高値

安値

平均出来高

VWAP

0.0001

100

0.0001

401

0.0001

156

-0.0009

-90

0.001

0.0402

0.0001

42317

0.00010025

260

0.0001

0.0402

0.0001

40083

0.00031623

Description of Property

The Golden Snow Project consists of 111 unpatented mining claims covering approximately 3.5 square miles. The titles to the property will expire on September 1, 2012 if we do not renew the claims.

Location, Access, and Physiography

The Golden Snow Project is contiguous to the southern end of Staccato Gold’s Lookout Mountain property, which has identified several mineralized areas. The Golden Snow Project is located in the Battle Mountain-Eureka Trend, approximately eight miles south of the East Archimedes gold deposit where Barrick Gold Corporation is currently mining a Carlin- type sediment hosted gold deposit. The Eureka district is at the south end of a northerly trending series of intrusives.

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Figure 2

Location of Golden Snow Project

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Property History

Exploration in the Eureka District commenced in the 1860s. The Company does not have any records of exploration work conducted on the Golden Snow Project prior to 2006.

In 2006, Minterra Resources acquired the Golden Snow Project. After its acquisition, Minterra Resources commenced a gravity survey and a 95 line kilometer ground magnetic survey across the Golden Snow Project. The gravity data identified two up-thrown (horst) blocks and the magnetic data indicate a prominent circular high that is approximately 2,782 feet in diameter and has a similar signature to Eocene age intrusive and extrusive rocks throughout the Eureka District. Processing of the gravity data by Wright Geophysics identified a number of geophysical linears and Wright also interpreted the magnetic data which shows a prominent circular high that is approximately 2,800 feet in diameter; this has a signature similar to Eocene age intrusive and extrusive rocks associated with mineralization throughout the Eureka District.

In 2007, Minterra Resources completed a 932 sample soil geochemistry program designed to further refine and evaluate the prominent horst-bounding faults. Analysis of the data produced numerous large, coherent, multipoint clusters of anomalous gold, arsenic, antimony, mercury, lead, zinc and barite. Anomalous gold, silver and trace element values from the 2006 soil geochemical program coincided with fault zones outlined by the geophysical-gravity data.

Geology

Many of the sediment-hosted gold deposits in Nevada appear to have developed at or near platform margin/basin margin sites where mineralization is found to be disseminated along the “low-stands” or karsted zone separated different stratigraphic units. The Golden Snow Project is positioned along this major platform margin that extends northwards to Cortez Hills, Pipeline and beyond. Future study of the location of these platform margins may result in the discovery of additional world-class gold deposits in Nevada.

Gold mineralization has come up along the host margin where Devonian age rocks are in contract with the Cambrian age rocks. The mineralization is not only found within the feeder fault, but it is also disseminated out along these “low-stand zones” which are commonly the break between different rock formations. Another example of the same host margin mineralization can be seen in a cross section of the mineralization at Lone Tree. Mineralization has also been discovered along the Wayne Zone Fault, which forms the western edge of the horst, and spreads out along favorable host rocks. Both styles of mineralization appear to potentially exist at the Golden Snow Project.

The geology of the Golden Snow Project has been interpreted to consist of Devonian age rocks striking north/south and trending southward under pediment cover. It has also been interpreted that the Cambrian section is possibly in fault contact with the Devonian section. Both rock types are favorable host rocks for Carlin-style mineralization throughout Nevada, especially in the Eureka Area.

The following sets out the geological units exposed on the Golden Snow Project:

Bay State Dolomite – The Bay State Dolomite is a massive dark grey to black to purplish dolomite which is reported to be 600-850 feet thick in the Eureka Area. The lower portion of this unit is made up of irregular bedded light-grey, dolomite sandstone. The upper portion is in gradational contact with the overlying Devils Gate Limestone.

Sentinel Mountain Dolomite – The Sentinel Mountain Dolomite gradationally overlies Oxyoke Canyon. It is composed of alternating, thick-bedded, coarse-grained, light-gray dolomite and motted, finely laminated, chocolate brown dolomites with a strong petroliferous odor when broken. It ranges in thickness from 410 feet to 600 feet.

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Oxyoke Canyon – The Oxyoke is predominantly light gray to brown weathering, fine to medium-grained, quartz sandstone with a dolomatic matrix. It ranges in thickness of less than 20 feet up to 400 feet thick throughout the Eureka Area.

Sadler Ranch – The Sadler Ranch locally has been divided up into an upper and lower dolomite and a middle crinoidal dolomite. The lower dolomite is a medium to thick-bedded, very finely grained, light gray to yellowish-gray dolomite. The middle crinoidal dolomite is a light to medium-gray, poorly bedded, laminated to cross-laminated, crinoidal packstone with thin lenses of mudstone and packstone. The upper dolomite is a medium to thick-bedded, very fine-grained, light-gray laminated dolomite. The thickness of this unit varies from 90 feet to 450 feet.

McColley Canyon/Bartine Member – The McColley Canyon is dominantly a medium to thick bedded gray limestone with interbedded light brown-gray fossiliferous and organic-rich dolomite. The Bartine is composed of thin to medium-bedded, medium-gray, fine grained limestone and yellowish argillaceous limestone with abundant brachiopods. Some people combine these units whereas others map them as separate units. These rocks vary from 330 feet to 650 feet thick.

Beacon Peak Dolomite – This unit is a massive, light gray to brown, finely laminated dolomite, with local thin beds of finely laminated dolomite and thin lenses of well rounded, quartz-rich sandstones with a dolomitic matrix. The average thickness is 328 feet.

Mineralization

Two major target zones exist on the Golden Snow Project. These primary targets would be eastern and western boundary of the horst block. Both the eastern and western edge extends for over 15,000 feet as shown by gravity geophysics. Only drill hole ELP-8 drilled close enough to the eastern edge of the gravity high to test for possible mineralization. The remaining holes were either far to east and out into the abyss, or too far west of the eastern horst fault and on top of the gravity high.

A magnetic survey run over the eastern portion of the claim block shows a magnetic high and has been interpreted to be an intrusive as opposed to volcanics. This area is also a potential favorable target area for gold and base-metal mineralization.

Numerous anomalous zones with large, coherent clusters of anomalous gold, arsenic, antimony, mercury, lead and barite have been identified on the Golden Snow Project. The majority of the anomalies appear to be located in the northeastern and eastern and eastern portion of the claim block because of surface or near surface bedrock. These values are probably related to mineralization associated with the buried intrusive. Anomalous arsenic, antimony and mercury are present in the area of the Ratto Fault. Since these minerals are usually formed distal to gold in Carlin-style systems the geochemistry may indicate gold mineralization at depth.

Soil and Rock Geochemistry

Soil and Rock Geochemistry?Previous lessors completed a widespread soil geochemical sampling program on the Golden Snow Project (Minterra Resource Corp./Britannia Gold). The 2006 program was designed as a follow-up to their gravity and ground magnetic geophysical programs.

932 soils were collected on the west half of the property on lines spaced 800 feet apart with samples taken every 200 feet along each line. The lines were located to bracket the gravity linears; interpreted by Wright as bounding features of north-south trending “horst” and “graben” blocks. The linears are also interpreted as southward continuation(s) of the Ratto Ridge Fault zone which localized the mineralization drilled by Timberline Resources in the Lookout Pit and South Adit areas.

Reconnaissance geology and rock chip sampling during late 2011 and early 2012 identified “collapse breccia” features within the central portion of the claim block where it wraps around the Timberline claims. These contact and fault zones are located in areas not previously sampled and project under colluvial cover into areas targeted for exploration by the geophysical and 2006 geochemistry.

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Seventy-two follow up soils were collected using the same layout as the 2006 samples to fill in the un-sampled prospective gap where the collapse brecciation was note. The samples were analyzed using the same protocol as the 2006 sample program.

Key data was contoured and incorporated with the previous property- wide dataset. The most significant results are shown by arsenic and gold. These are significant because the NE trends are parallel to both the favorable Bay State Dolomite (Dbp)/Oxyoke (Doc) contact along which distinct collapse zones were mapped.

Additionally, the NE trending faults appear to control these collapse zones as well as disrupt and offset the favorable host rocks.

There is a narrow zone of detectable gold which also parallels that trend and is similar to other gold- bearing contour zones in the north.

Barium shows a distinct anomalous zone in the new data that lies along the east side of the arsenic values and suggests zoning. This is what would be expected due to the barite associated with the gold deposits at Archimedes (Barrick-Ruby Hill) and the Lookout Pit (Timberline).

Silver and antimony do not appear to be significant relative to the collapse breccia features. However, recontouring the silver and antimony did indicate some distinct zoning peripheral to the magnetic high which Wright interpreted as a shallow intrusive on the east side of the project.

Gold in rock chip sampling also is correlative with the magnetically indicated intrusive margin. Although not spectacular in their magnitude, the data are very encouraging because all of the samples had detectable gold with a high value of 0.052 ppm Au. Most of the samples were collected from areas with a preponderance of jasperoid as subcrop or large boulders. These data are interpreted as representative of nearby bedrock rather than transported boulders or colluvium.

Current Exploration Activities

Mapping and reconnaissance work was conducted in late 2011 and early 2012 and identified collapse breccia features which have been recently identified in association with major Carlin-type sediment hosted gold deposits at Cortez Hills. Previous work by Timberline Resources mineralization was within collapse breccia zones. Gold is also associated with collapse breccia at the:

· Meikle Mine
· Rain Mine
· Railroad district in the southern Carlin Trend

An additional 72 soil samples were collected to help delineate the possible extension of the collapse breccia zones on the Golden Snow Project. Fourteen rock samples were collected to help characterize the area around the magnetically indicated intrusive.

Our consulting geologist recommends three reverse circulation drill holes for a total of 3,000 feet are proposed based on the compilation and evaluation of the data. Two of these holes will test likely locations for gold-bearing collapse breccias. The third hole will test adjacent to the probable intrusive indicated by the ground magnetic data.