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Quaterra Releases Results of Sixth Drill Hole at Bear Copper Deposit, Yerington, Nevada
VANCOUVER, BC--(Marketwired - June 09, 2016) - Quaterra Resources Inc. ("Quaterra" or the "Company") and its subsidiary Singatse Peak Services LLC ("SPS") today
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - June 09, 2016) - Quaterra Resources Inc. (\"Quaterra\" or the \"Company\") and its subsidiary Singatse Peak Services LLC (\"SPS\") today announced results from Hole GHH-001, the sixth and last 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 GHH-001, the sixth and final drill-hole of the current program, is located in Ground Hog Hills about 6,000 feet south of previous SPS holes. It was drilled vertically to a depth of 2,017.5 feet and cased for possible future deepening. Sporadic zones of copper mineralization were intersected which are interpreted as an extension of Bear mineralization to the north. Table 1. Significant intercepts from Ground Hog Hills drill hole GHH-001* HOLE GHH-001 From To Interval Interval % ppm ppm ppm feet feet feet meters Cu Mo Au Ag 350.0 380.0 30.0 9.1 0.15 <2 0.007 0.6 536.7 665.3 128.6 39.2 0.21 14 0.016 <0.5 956 1000.7 44.7 13.6 0.11 3 0.017 <0.5 1606.6 1651 44.4 13.5 0.23 48 0.014 <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 GHH-001, located in an area with no historic drilling, was drilled to a depth of 400 feet with an RC rig. Mineralization included ten feet of supergene enriched chalcocite mineralization averaging 0.33% copper beginning at a depth of 230 feet and 30 feet of oxide copper averaging 0.15% copper beginning at 350 feet. Core drilling below 400 feet intersected primary chalcopyrite mineralization, including 128 feet of 0.21% copper and narrow, widely spaced sulfide veins conta...