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Quaterra Releases Results of Fifth Drill Hole at Bear Copper Deposit, Yerington, Nevada
VANCOUVER, BC--(Marketwired - May 24, 2016) - Quaterra Resources Inc. (TSX VENTURE: QTA) (OTCQX: QTRRF) ("Quaterra" or the "Company") and its subsidiary Singats
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - May 24, 2016) - Quaterra Resources Inc. (TSX VENTURE: QTA) (OTCQX: QTRRF) (\"Quaterra\" or the \"Company\") and its subsidiary Singatse Peak Services LLC (\"SPS\") today announced results from Hole B-052, the fifth core hole of a drill program to explore and further define the Bear deposit, a large porphyry copper system on the Company's 52-square mile property in the historic Yerington Copper District of Nevada. The drill program is being funded with option payments to SPS by Freeport-McMoRan Nevada LLC (\"Freeport Nevada\"). Highlights Hole B-052, drilled vertically to a depth of 3,468 feet, intercepted two zones of 0.4% copper, the first of 43 feet (13.1 meters) with 201 ppm molybdenum starting at 2,508 feet and another of 29 feet (8.8 meters) starting at 2,667 feet. Overall, the hole intercepted 666.2 feet (203.1 meters) of 0.14% copper mineralization beginning at a depth of 2,081.3 feet. Table 1. Significant intercepts from Bear core hole B-052* HOLE B-052 From To Interval Interval % ppm ppm ppm feet feet feet meters Cu Mo Au Ag 2081.3 2747.5 666.2 203.1 0.14 89 0.006 <0.5 includes 2508.0 2551.0 43.0 13.1 0.40 201 0.009 <0.5 includes 2628.5 2747.5 119.0 36.3 0.23 83 0.007 <0.5 includes 2667.0 2696.0 29.0 8.8 0.40 68 0.011 <0.5 2399.5 2982.5 583.0 177.7 0.11 160 <0.005 <0.5 *Drill intercepts are based on actual core lengths and may not reflect the true width of mineralization. Note: 1 ppm = 1 gram per tonne Discussion Hole B-052, collared 700 feet north-northeast of hole B-051, was sited to determine if the favorable alteration and mineralization intersected in hole B-051 extended and strengthened to the north. Although the alteration and style of mineralization encountered in hole B-052 is similar to B-051, the narrower and lower grade mineralization shows that this is most likely not the case. Molybdenite is more common than in previous SPS holes, occurri...