Quaterra Announces Two Properties Added to Goldcorp IFA

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[{"type":"text","content":"\nQuaterra Announces Two Properties Added to Goldcorp IFA\n\nQuaterra Resources Inc. (TSXV: QTA) (NYSE Amex: QMM) today announced that Goldcorp Inc. has elected to include two properties recently acquired by the Company under the terms of the Investment Framework Agreement (IFA) signed by the two companies early in 2010. \n\nThe El Calvo gold property covers 5,830 hectares located in the Altiplano region of the central Mexican state of San Luis Potosí. Multiple sediment-hosted gold targets have been identified by mapping and sampling over a four square kilometer area within an isolated block of sedimentary rocks rising about 150 meters above a flat plain of post-mineral cover. El Calvo sedimentary rocks include favorable lithologic units that host disseminated/stockwork gold mineralization in the Camino Rojo and Peñasquito gold deposits about 100 and 150 kilometers north, respectively. Drilling will begin at the San Jose target within the next month. \n\nThe Microondas gold-silver property consists of 9,057 hectares in Zacatecas State, Mexico, located within the Fresnillo silver trend that has produced several billion ounces of silver (see Quaterra news release dated July 4, 2011). The property is easily accessible by paved highways connecting to the city of Zacatecas, 120 kilometers to the southeast and to the town of Rio Grande, 15 kilometers to the northeast. The initial target is a 1.4 square kilometer area with widespread argillic alteration prospective for a high sulfidation type precious metal system. Quaterra’s surface sampling produced gold values from trace to 0.3 g/tonne and silver values from trace to 29 g/tonne, along with strongly anomalous arsenic, antimony and mercury. Quaterra plans to begin drilling in early November 2011. Progress on other prospects under the Goldcorp IFA is summarized below: \nThe Sierra Sabino project is in San Luis Potosí State, Mexico, about 120 kilometers south of Goldcorp’s Peñasquito mine. It is prospective for intrusive-related precious and base metal mineralization and is an Advanced Project as defined in the Goldcorp IFA. A total of 16 core holes have been drilled, primarily to evaluate a northwesterly-trending zone of anomalous gold geochemistry related to jasperoid and silicified limestone close to the western contact of a quartz porphyry stock. No...

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