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Quaterra Drilling at Nieves Extends Concordia Vein Mineralization 300 Meters West
Quaterra Resources Inc. (TSXV: QTA) (NYSE Amex: QMM) and 50% joint-venture partner Blackberry Ve...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"\nQuaterra Drilling at Nieves Extends Concordia Vein Mineralization 300 Meters West\n\nQuaterra Resources Inc. (TSXV: QTA) (NYSE Amex: QMM) and 50% joint-venture partner Blackberry Ventures 1, LLC, today announced assay results from 15 core holes (3,164 meters) completed in June and July 2011 at its Nieves silver property in northern Zacatecas, Mexico.\nThese holes were designed to test extensions and updip (shallower) parts of the La Quinta-Concordia and Gregorio North vein systems. \nConcordia West vein: Holes QTA 143, QTA 144 and QTA 153, drilled respectively 70, 200 and 300 meters west-southwest of QTA 123, all intersected strong mineralization. Hole QTA 144 contains 57 meters averaging 152.5 g/t silver (4.5 oz/ton) starting at a downhole depth of 107 meters and includes 16.65 meters averaging 290.9 g/t silver (8.5 oz/ton) starting at 109 meters. Hole QTA 153, the most westerly hole reported in this release, contains 80 meters averaging 37.5 g/t silver (1.1 oz/ton) starting at a depth of 107 meters, including 8.35 meters averaging 134.5 g/t silver (3.9 oz/ton) and 0.56 g/t gold. Concordia vein mineralization remains open to the west. \nAll other holes drilled along the La Quinta-Concordia zone intersected significant shallow zones of low to moderate grade silver (QTA 140, QTA 141, QTA 142, QTA 152, and QTA 154).\nGregorio North vein: Six holes (QTA 146 to QTA 151) along the perimeter testing for extensions did not add substantially to known mineralization. Hole QTA 148 intersected 86.75 meters starting at surface averaging 13 g/t silver and 0.13 g/t gold. Wildcat hole QTA 145, drilled approximately 1.5 kilometers west of the Gregorio North zone, did not intersect significant mineralization. \nTwo core rigs will operate on the property through September in order to complete work necessary for an updated NI43-101 resource calculation and a subsequent preliminary economic assessment. Targets include the westward extension of the Concordia vein as well as the California and Santa Rita veins.\nDr. Thomas Patton is the qualified person responsible for the preparation of this news release. \nAn exploration map illustrating these features is posted on the Quaterra website. A table of drill-hole results is attached to this news release and posted on the Company's website. All holes except QTA 145 were drilled at an azimuth/inclinatio...