The Terra Gold Project consists of 344 State of Alaska unpatented lode mining claims plus an additional 5 unpatented lode mining claims held under lease (subject to a 3-4% NSR royalty to the lesser, dependent upon the gold price) covering approximately 86 square miles in the McGrath Mining District of Western Alaska.  The property is centered on an 8-km-long trend of high-grade gold vein occurrences which have returned numerous surface rock samples and drill intersection in excess of 50 g/t gold.

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Outcropping gold veins were first discovered at Terra in the late 1990's by Kennecott Exploration.  In 2004, initial detailed soil and rock surveys were conducted at Terra with results leading to the definition of an initial zone of high-grade gold veins over a 2.5 km strike length.  Followed up with a discovery drill program consisting of 12 holes in 2005 and 3 additional holes in 2006; a total of 587 rock samples were collected on the property averaging 16.25 g/t gold and 192 soils collected over 2.6 km of strike averaging 903 ppb gold. The Terra project was joint-ventured in August of 2006.