Terrace Ventures Inc. (TVER)

[DiamondFire]

TVER just struck pay-dirt!

"Golden Snow is located in Eureka County, Nevada and is situated near several existing gold mines. Eight miles north of the Golden Snow Project is the East Archimedes Gold Mine where Barrick Gold Corporation is currently mining a Carlin-type sediment hosted gold deposit (677,000 ounces mined, 1.1 million ounces resource/reserve, as reported by the Geological Society of Nevada 2006 Special Publication #43). It is also contiguous to the southern end of Staccato Gold's South Eureka property, where Staccato has identified several mineralized areas and has defined a gold resource estimate at the Lookout Mountain deposit. Immediately north of the Golden Snow Property is Timberline Resources Lookout Mountain property. Timberline is conducting an aggressive drill program on its property and has recently published a resource estimate.

Substantial exploration has been conducted on the Golden Snow property including geologic mapping, 932 soil samples and detailed ground-based gravity geophysical surveys. Based on this work, several distinct target zones have been outlined and it is interpreted that the Ratto Ridge Fault zone, which controls the mineralization on the South Eureka property, continues south onto the Golden Snow property. These target areas are well located and the property is drill ready.
Subject to completion of financing, the Company intends to conduct an aggressive program of exploration on the property, including diamond drilling to determine if the surrounding identified ore bodies extend into the Golden Snow Property.": http://www.marketwire.com/press-release/terrace-ventures-signs-agreement-otcbb-tver-1507346.htm

IMO: They are getting a chance to buy up to 75 % of the mining rights of one of the most CURRENT prolific gold producing areas in the nation...if not the world. The area is famously known as the Golden Snow Project, and is located right in the middle of the Battle Mountain/Eureka Trend....check out the map on Wikipedia about Nevada and Carlin-type gold:

http://en.wikipedia.org/wiki/Carlin–type_gold_deposit

Barrick, the worlds largest gold mining company (ABX) is mining within miles of the Golden Snow area, where they have mined and have in reserves over a million ounces of gold so far....

Also keep in mind that Neveda is currently the number one State CURRENTLY in Gold mined.....so the Golden Snow property is in the MIDDLE of one of the most prolific current gold producing trends/areas in the United States...in the State which mines the most gold....

TVER is doing this deal with Pengram (PNGM), and there has already been some good DD and penny hype this year about Pengram --- with the Golden Snow property as the crowning jewel. Check out some of this info on the following links....:

http://www.pengramgold.com/properties/nevada-properties.html

http://www.thestockadvisor.com/

http://www.pngmnews.info/


Now TVER hasnt traded at all really, with hardly any volume to speak of....but the last reported O/S is only 9 million and float 6 million! Also, according to the above articles they are ready to drill....they know where through samples the gold most likely is....can you see why this Golden Snow property has been hyped already this year while owned by Pengram...?

...with any kind of interest and volume ???