Business
Quaterra Releases Results of Fourth Drill Hole at Bear Copper Deposit, Yerington, Nevada
VANCOUVER, BC --(Marketwired - April 06, 2016) - Quaterra Resources Inc. ("Quaterra" or the "Company") (TSX VENTURE: QTA) (OTCQX: QTRRF) and its subsidiary Sing
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"VANCOUVER, BC --(Marketwired - April 06, 2016) - Quaterra Resources Inc. (\"Quaterra\" or the \"Company\") (TSX VENTURE: QTA) (OTCQX: QTRRF) and its subsidiary Singatse Peak Services LLC (\"SPS\") today announced results from Hole B-051, the fourth 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-051, drilled vertically to a depth of 3,878 feet, intercepted 1,483.3 feet (452.1 meters) of 0.26% copper beginning at a depth of 2,191.2 feet. Included within this interval is 1,213.8 feet (370.0 meters) of 0.30% copper starting at 2,191.2 feet. Several narrower intervals shown in the table contain > 0.40% copper with anomalous gold and molybdenum. Hole B-051 is a significant step-out. The nearest holes are B-049, approximately 1,150 feet to the west and historic hole B-22, about 1,300 feet to the southwest. Table 1. Significant intercepts from Bear core hole B-051* HOLE B-051 From To Interval Interval % ppm ppm ppm feet feet feet meters Cu Mo Au Ag 2191.2 3674.5 1483.3 452.1 0.26 54 0.021 <0.5 includes 2191.2 3405.0 1213.8 370.0 0.30 61 0.025 <0.5 includes 2298.0 2602.4 304.4 92.8 0.42 55 0.032 <0.5 includes 2416.5 2558.0 141.5 43.1 0.46 39 0.041 <0.5 includes 3253.0 3278.0 25.0 7.6 0.43 182 0.120 <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-051, collared 1,150 feet east of Hole B-049, is the fourth hole of an exploration program designed to corroborate historic assay results, determine geologic controls for higher grade mineralization and attempt to extend higher grade mineralization to the north. The thickness of the mineralized intercept in B-051 is larger than those in the three previously announced holes of the current drilling program. Bornite also is more common than in previous SPS holes, occurring with chalcopyrite and molybdenite in quartz-sulfide veins, veinlet swarms and stockworks. The quartz-sulfide veins appear to corr...