Business
Quaterra President's Year-End Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2019) - Quaterra Resources Inc. (TSXV:...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"Quaterra President's Year-End Letter to ShareholdersConsolidating a key strategic position in Nevada's emerging Yerington Copper DistrictVancouver, British Columbia--(Newsfile Corp. - April 9, 2019) - Quaterra Resources Inc. (TSXV: QTA) (OTCQB: QTRFF) is pleased to announce the following letter to its shareholders:Dear Fellow Shareholders:Interest in Nevada's mining-friendly Yerington Copper District is gaining momentum. Three publicly traded companies, including Quaterra, have been consolidating their position in this emerging copper camp, about 70 miles southeast of Reno. Nevada Copper Corp. has announced it intends beginning production at its Pumpkin Hollow deposit, south of Quaterra's property, by the end of the year, with further mine expansion planned. In December last year, Hudbay Minerals Inc. acquired Mason Resource Corp., immediately west of Quaterra, adding the Ann Mason porphyry deposit to its development pipeline. Quaterra itself has recently closed a deal to sell certain primary ground water rights, providing funds to pursue its goal of de-risking the Company's Yerington asset portfolio.The district is also beginning to gain the respect it deserves as one of the largest untapped repositories of copper mineralization in North America, with a total inventory of more than 17 billion pounds of copper in the measured and indicated resource categories held among three companies, and the prospect of enlarging it much more. Added to this is its location in Nevada, one of the very best jurisdictions for mining investment in the world, with excellent infrastructure including cheap power, ready rail and road access, a predictable permitting process, and a history of mining.Quaterra holds a key strategic position in the Yerington District with its large, centrally located land package, topography suitable for district-scale mining infrastructure, a portfolio of copper assets that have multiple development and redevelopment opportunities, valuable water rights, and significant exploration upside. A rare combination of elements makes up the over-all value of our Yerington project. Listed separately below they are:Strategic value because of the property's central position in the district, and the importance of that for mine development, especially any plans for district cooperation or consolidation.Operational value because of it...