Quaterra Announces Option to Acquire Alaskan Copper Prospect

Quaterra Resources Inc. (TSX VENTURE: QTA) (OTCQB: QTRRF) (“Quaterra” or “the Company”) today announced it has signed a lease agreement with Chuchuna Minerals Company (“Chuchuna”), an Alaska corporation, giving it an option to purchase a 90% interest in the Groundhog copper prospect, a 40,000-acre property situated on an established copper porphyry belt 200 miles southwest of Anchorage, Alaska.
As quoted in the press release:

“The Groundhog project offers the potential to discover a major deposit in an established porphyry belt,” says Quaterra Chairman and CEO Tom Patton. “With this deal, Quaterra has partnered with a local exploration team that has demonstrated previous exploration success, and with a village corporation that is grounded in the local community and has built strong relationships with its surrounding neighbors and governance authorities.”

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