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Quaterra Files Technical Report on Groundhog Copper-Gold Prospect, Alaska
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - Quaterra Resources Inc. (TSXV: ...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"Quaterra Files Technical Report on Groundhog Copper-Gold Prospect, AlaskaVancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRRF) (\"Quaterra\" or the \"Company\") today announced it has filed an independent technical report on the exploration and prospects of the Groundhog copper-gold prospect, a 54,880-acre property situated on an established copper-gold porphyry belt 300 kilometers southwest of Anchorage, Alaska.The report (\"Technical Report on the Groundhog Project\", dated May 13, 2020) was prepared by Nicholas Van Wyck, Ph.D., of Sisyphus Consulting, Anchorage, Alaska in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). The report supports the Company's assessment of the Groundhog prospect as a possible copper-gold porphyry system hosting mineralization similar to the large Pebble project, and provides the path for exploration going forward.\"Its close proximity to the Pebble copper-gold porphyry deposit and presence on the project of geologically correlative units means that Groundhog has excellent potential to host similar mineralization,\" says the report.Says Quaterra President and CEO Gerald Prosalendis: \"We are pleased to have affirmation of Groundhog as a possible copper-gold porphyry system hosting mineralization similar to Pebble, and to have been provided with a roadmap for its exploration going forward. This year's program will involve the 3D inversion of the last year's ZTEM geophysical survey as recommended by the report. This will enable refinement and selection of high-priority targets for ground-based IP and drilling possibly next year if circumstances and the availability of funds enable it.\"Groundhog is located on State of Alaska claims covering the northern extension of a 10-kilometer wide north-northeast trending structural zone that hosts a number of porphyry copper-gold prospects, including the Pebble project, which is approximately five kilometers south of the Groundhog claim boundary. Says the report: \"A sizable body of data has been collected designed to identify whether similar mineralization to that seen at the adjacent Pebble project exists at Groundhog. Mapping, limited drilling and geochronology have demonstrated the presence of similar aged rocks in a similar structural settin...