Quaterra Announces Continuing High-Grade Gold Intercepts by Partner Grande Portage at Herbert Glacier, Alaska

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[{"type":"text","content":"\nQuaterra Announces Continuing High-Grade Gold Intercepts by Partner Grande Portage at Herbert Glacier, Alaska\n\nQuaterra Resources Inc. (TSXV: QTA) (NYSE Amex: QMM) today announced that high-grade gold intercepts continue to be received from the 2011 core drilling program by Grande Portage Resources Ltd., its partner and operator at the Herbert Glacier gold project located near Juneau, Alaska.\nGrande Portage reports that the new high-grade results were found in drill holes 11I-4 and 11I-5 and contained sections with visible gold in quartz.\nHole 11I-4 Hole 11I-4 was drilled at an azimuth of 207 degrees and an angle of -64 degrees to a total depth of 171.3 meters. One intercept in drill hole 11I-4 (144.21 meters to 145.88 meters) with a true thickness of 0.95 meters assayed 2.16 oz/ton (73.96ppm) gold and 2.72 oz/ton (93.1ppm) silver. A highlight within that zone included a 0.52 -meter sample (144.95 meters to 145.47 meters) of 6.678 oz/ton (229ppm) gold.\nAnother intercept in hole 11I-4 (154.22 meters to 155.18 meters) of a silver-and-base-metal-rich zone with a true thickness of 1.73 meters contained 0.1 oz/ton (3.42ppm) gold and 38.8 oz/ton (1338.3ppm) silver. This intercept also showed greater than three percent each of lead and zinc and strongly anomalous antimony and copper. \nHole 11I-5The next hole in the sequence (hole 11I-5) had a true thickness intercept of 1.28 meters (111.13 meters to 113.23 meters) which returned a weighted assay of 1.09 oz/ton (37.21ppm) gold. Hole 11I-5 was drilled at a 115 degree azimuth and an angle of -45 degrees to a total depth of 161.24 meters.\nHoles 11I-6 and 11I-7 Hole 11I-6 was drilled in the same plane as hole 11I-5 at an angle of -70 degrees and encountered mineralized intervals with maximum values of 0.045 and 0.065 oz/ton gold. The final hole at I pad, hole 11I-7, encountered moderately mineralized intervals with assays pending. \nGeologic setting Apart from the good assays, drilling by Grande Portage from the I pad adds geologic knowledge to the Herbert Glacier project. It is the western most drill pad on the Main vein and shows that the structure extends for more than 1,000 meters. Drilling and mapping show that the gold veins exist within a WNW package of tonalitic rocks sandwiched between metasedimentary rocks to the SW and higher grade gneiss to the NE with stresses creating...

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