Terrace Ventures Inc (TVER) Finansal

Terrace Ventures, Inc. engages in the exploration and development of mineral properties. The company is headquartered in Blaine, Washington. The company went IPO on 2005-07-26. The firm is engaged in assembling a portfolio of mineral properties with gold potential and to engage in the exploration and development of these properties. The firm has an earn-in agreement to acquire 75% interests in Pengram Corporation's agreement with Scoonover Exploration LLC and JR Exploration LLC to acquire the Golden Snow Property. The Golden Snow Project consists of 128 unpatented mining claims covering approximately 3.5 square miles. The Golden Snow Project is contiguous to the southern end of Staccato Gold’s Lookout Mountain property. 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 mining Carlin- type sediment hosted gold deposit.