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Quaterra Resources Inc.
Summary
| Project: | Yerington | |
|---|---|---|
| Deposit: | Yerington Pit | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Gold-Silver | |
| Date: | 8/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2017: Quaterra Resources Inc. announces an Exploration/Drilling Update report for its Yerington Pit deposit at the Yerington project. Drilling results incl. 151.4m @ 0.20% Cu from 430.2m. VANCOUVER, B.C. — Quaterra Resources Inc. (“Quaterra” or the “C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Thomas Patton (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. — Quaterra Resources Inc. (“Quaterra” or the “Company”) and its subsidiary Singatse Peak Services LLC (“SPS”) today announced the first results from its ongoing 2017 drill program at its Yerington Copper Project including one hole, YM-041A-17, that extends mineralization at least 800 feet below the existing sulfide resource in the Yerington pit Drilling began on March 26, 2017, to test targets on the Company’s 51-square-mile land package located in the historic Yerington Copper District of Nevada. To date, 12 reverse circulation (RC) holes totaling 9,307 feet and four core holes totaling 8,694.3 feet have been drilled. To lower costs, most holes were begun with RC drilling and completed with core. The area in and around the historic Yerington pit has been a primary focus. (For drill hole locations please see map on the Company website at www.quaterra.com/2017-drill-hole-map). Hole YM-041A-17, drilled at - 55 degrees, intersected 561.7 feet averaging 0.20% copper, including several narrower intercepts with plus 0.30% copper as shown in Table 1. Hole YM-042-17, also drilled at - 55 degrees, collared in the pit about 1,000 feet further west, intersected a similar but lower grade interval averaging 0.12% copper (See Table 1 below for more details). These initial results suggest that the large Yerington mine mineralizing system is open to depth and along strike with potential for higher grades. Two additional holes in the pit, YM-043-17 and YM-044-17, are currently in progress. One hole drilled west of the pit did not intersect significant mineralization. | |
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