Terra Firma identifies copper mineralization at S. Sulawesi property

Wednesday, May 25 2011 - 07:11 PM WIB

Vancouver-based mineral exploration firm Terra Firma Resources Inc. through its wholly owned subsidiary PT. Terra Mineral Resources Indonesia announced Wednesday the first reconnaissance sample results from the initial exploration program at its Malawa Property in South Sulawesi.

This early field exploration program consisted of prospecting, reconnaissance mapping and chip sampling. This work has resulted in the identification of high grade copper mineralization (up to 7% copper) and good grades of Silver contained within porphyry copper mineralization and an associated peripheral copper (lead-zinc) skarn mineralization, the company said.

A total of 19 samples were collected along partially exposed bedrock, mainly along creeks.

Brian Buchanan, CEO of Terra Firma said, "We are very pleased with the first sampling results,that have identified high grade copper and good grades of silver mineralization, within an associated peripheral copper, lead-zinc skarn type mineralization on the Mallawa property in South Sulawesi."

The company through its wholly owned Indonesian subsidiary, PT. Terra Mineral Resources Indonesia is currently investigating a number of potential prospects in Sulawesi and Sumatra. The company currently has the option to acquire 75% of the issued and outstanding shares of Mutiara, an Indonesian mineral exploration company that holds a mineral exploration license in respect of an initial 800 hectare property in South Sulawesi 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". (romel)

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