Terra Firma Provides Update on Restigouche Uranium Property
September 22 2010 - 9:00AM
Marketwired
Terra Firma Resources Inc. (TSX VENTURE: TFR) (the "Company") today
provided an update respecting its Restigouche Property, which is
located in the Gaspe region of Quebec and is comprised of 3,227
hectares over 58 mineral claims prospective for uranium. The
Company has the right to earn a 100% interest in the property
(subject to a 2% royalty) by making an aggregate of $750,000 in
exploration expenditures on the property and issuing an aggregate
of 750,000 shares to the optionor, La Grande Coulee Inc. ("Grande
Coulee").
The 58 claims are held separate three exploration groups, the
Mann Block, the Rachelle Block and the Cross Point Block. The
Company has received notice from the Department of Indian and
Northern Affairs Canada that the Department has purchased lands at
Point-a-la-Croix, Quebec, which lands include the five mineral
claims covering 220.14 hectares and forming the Cross Point Block
on the Restigouche Property. The Department has advised the Company
that the lands will be added to the Listuguj Reserve for
residential, communal and economic purposes, and accordingly the
Company is now required to obtain prior written authorization
before accessing the lands for any prospecting or exploration work.
The Company intends to re-start exploration on the Restigouche
Property, including the Cross Point Block, in spring 2011, and will
ensure that all exploration is conducted in accordance with the
Department's requirements.
About the Company
Terra Firma Resources Inc. is a mineral exploration company
headquartered in Vancouver, British Columbia. The Company's
objective is to develop a balanced portfolio of properties through
a combination of grassroots prospecting, property acquisition and
the formation of strategic relationships.
If you are not currently on the Terra Firma Resources Inc.
updates list, please send in your email address to
info@terrafirmaresources.com or call 604-681-5566. The Company will
send out regular updates and news releases to everyone who asks to
be on the list. For further information contact the Company at its
website: www.terrafirmaresources.com. For further information about
the Company, please refer to the Company's filings on SEDAR
(www.sedar.com) or contact Brian Buchanan, a director of the
Company, by telephone at 604.681.5566.
ON BEHALF OF THE BOARD,
Paul Pedersen, President and Director
This press release contains "forward-looking information" that
is based on the Company's current expectations, estimates,
forecasts and projections. This forward-looking information
includes, among other things, statements with respect to the
Company's mineral property, plans, outlook and business strategy.
The words "may", "would", "could", "should", "will", "likely",
"expect," "anticipate," "intend", "estimate", "plan", "forecast",
"project" and "believe" or other similar words and phrases are
intended to identify forward-looking information.
Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the Company's
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: uncertainties related to the ability of the Company to
obtain or maintain an interest in the Restigouche Property or any
other mineral property, changes in economic conditions or financial
markets; changes in prices for mineral products or increases in
costs; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological
or operational difficulties or inability to obtain permits
encountered in connection with exploration activities; and labour
relations matters.
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on
such forward-looking information. Except as required by law, the
Company disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new
information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Terra Firma Resources Inc. Brian Buchanan Director
604.681.5566 www.terrafirmaresources.com