Terra Firma Deploys Indonesian Field Team to Begin Work Program on Gold and Copper Property in South Sulawesi, Indonesia
May 03 2011 - 9:18AM
Marketwired
Terra Firma Resources Inc. (TSX VENTURE: TFR) ("Terra Firma" or
"the Company") is pleased to announce that it has deployed its
Indonesian field team to commence the initial exploration program
at its Gold and Copper Property in South Sulawesi, Indonesia.
The initial field exploration program will be completed in two
phases. The first phase will consist of geological mapping
including structural, lithology and alteration mapping. The second
phase of the program will consist of digging and sampling of
trenches and test pits.
The locations of these will be based on information gathered
during the first phase of the program. All samples collected from
the property will be submitted to Intertek's Jakarta lab for
geochemical analysis. The exploration program is expected to last
approximately 5 weeks and will be led by Senior Geologist Andri
Subandrio, with oversight being provided by Geologist Johannes
Erasmus, Associate Senior Geologist of Micromine Consulting
Services.
Geologist Johannes Erasmus is a Qualified Person as defined by
National Instrument 43-101. Johannes Erasmus will be the Qualified
Person for this and future work programs on the South Sulawesi
Property. Mr. Erasmus has a B.Sc (Geology) from the University of
South Africa and an MSc (Mineral Economics) from the School of
Mining Engineering at the University of Witwatersrand. Mr. Erasmus
has more than 30 years experience in both mining and exploration
and has been responsible for the management of numerous exploration
programs around the world.
Brian Buchanan, CEO of Terra Firma said, "We are excited to
start our NI43-101 compliant exploration program, along with
completing a NI 43-101 report on this prospective Gold and Copper
property acquisition in Sulawesi. This property fits well into our
plan to develop a balanced portfolio of properties through a
combination of grassroots prospecting, property acquisitions and
the formation of strategic relationships in Sumatra and Sulawesi,
Indonesia."
About Terra Firma Resources
Terra Firma is a mineral exploration company headquartered in
Vancouver, BC, Canada. The Company's objective is to develop a
balanced portfolio of properties through a combination of
grassroots prospecting, property acquisitions and the formation of
strategic relationships. The Company is currently investigating a
number of potential prospects in Sulawesi and Sumatra. Indonesia.
The company currently has the option to acquire 75% of the issued
and outstanding shares of Mutiara. Mutiara is an Indonesian mineral
exploration company that holds a mineral exploration license in
respect of an initial 800 hectare property in South Sulawesi,
Indonesia (the "Mallawa Property") which is prospective for Gold
and Copper. In addition, Mutiara is expected to acquire an
additional 10,000 hectares of prospective lands located within the
25 kilometre radius "area of interest" defined in the MOU.
If you are not currently on the Terra Firma updates list, please
send in your email address to info@terrafirmaresources.com. The
Company will send out regular updates and news releases to everyone
who asks to be on the list.
For further information about the Company visit the website at
www.terrafirmaresources.com or SEDAR at www.sedar.com or Jamie
Hyland, Tribeca Capital Partners Inc. at (604) 998-4730.
ON BEHALF OF THE BOARD
Brian Buchanan, Chief Executive Officer and Director
This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based
on the beliefs of the Company's management as well as assumptions
made by and information currently available to the Company's
management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic
conditions, customer relations, relationships with vendors and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change,
changes in industry practices, and one-time events. Should any one
or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
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 CEO and
Director (604) 681-5566 buchanan@terrafirmaresources.com
www.terrafirmaresources.com Tribeca Capital Partners Inc. Jamie
Hyland (778) 938-8760 © (604) 756-2995 (FAX) jamie@tribecacap.com
www.tribecacap.com