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Quaterra Resources Inc.
Summary
| Project: | Yerington | |
|---|---|---|
| Deposit: | Yerington Pit | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Gold-Silver | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2017: Quaterra Resources Inc. announces an Exploration/Drilling Update report for its Yerington Pit deposit at the Yerington project. Drilling results incl. 1269.54ft @ 0.15% Cu from 692ft. Vancouver, British Columbia--(Newsfile Corp. - October 26, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Thomas Patton (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - October 26, 2017) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) ("Quaterra" or the "Company") and its subsidiary Singatse Peak Services LLC ("SPS") today announced results from the last three holes of a 13-hole, 26,056-foot drill program at its Yerington Copper Project. Drilling, which began in March 2017, tested targets across the Company's 51-square-mile land package located in the historic Yerington Copper District of Nevada. The three holes reported today (YM-043-17, YM-044-17 and YM-045-17) tested the depth extension of mineralization in and around the historic Yerington pit. (For drill hole locations please see map on the Company website at www.quaterra.com/2017- drill-hole-map/). Hole YM-043-17, drilled at - 55 degrees, intersected 1,269.5 feet averaging 0.15% copper, as shown in Table 1. Hole YM-045-17, also drilled at - 55 degrees, collared in the pit about 900 feet further east, intersected several thinner intervals with grades ranging to 0.55% copper, including a shallow oxide zone (See Table 1 below for more details). Hole YM-044-17, drilled on the northwest rim of the Yerington pit at - 50 degrees, intersected several narrow zones of mineralization averaging less than 0.2% copper. These results, in combination with previously announced holes YM-041A-17 and YM-042-17, have extended sulfide mineralization from 600 to 800 feet below the currently defined resource across a strike length of 4,400 feet. The absence of higher grade mineralization in these widely spaced holes decreases the likelihood that better grades over appreciable widths exist at greater depth below the pit. | |
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