Quaterra Begins Drilling at Bear Copper Deposit in Nevada

Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) announced that its 22,500-foot, five- to seven-hole drill campaign has begun at the Bear deposit, located in the Yerington Copper District of Nevada. The drill campaign aims to twin one previous historic drill hole to corroborate historic assay results, test if thicker and higher-grade intercepts extend north, and determine the geologic controls for higher-grade mineralization, as well as establish limits of the mineralized system.
As quoted in the press release:

The objectives of the 2015 program at the Bear are to:

• Twin one previous historic drill hole to corroborate historic assay results.
• Test whether the thicker and higher-grade intercepts extend to the north of previous drilling as suggested by grade-thickness contouring.
• Determine the geologic controls for higher-grade mineralization.
• Establish the limits of the mineralized system horizontally and at depth.

Boart Longyear has been selected as the drill contractor. Each hole will include Rotosonic drilling to bedrock followed by coring to total depth. Drill results will be released starting before the end of the year. Drilling is expected to be completed by the end of the first quarter of 2016.
Quaterra has also performed a magneto telluric (MT) geophysical survey over the Bear target area, consisting of 108 stations at 250 meter spacing. Data processing is in progress. It is anticipated that the MT survey may assist in the detection of major fault structures, intrusive rock types and alteration patterns, all of which may be used to gain a better understanding of the Bear deposit, and to assist in drill site selection.
Quaterra President and CEO Steven Dischler says this year’s drilling will focus on the Bear deposit because of its large footprint and potential to contain copper grades above district averages. “The Bear deposit as presently known covers at least two square miles. We are excited to have an opportunity to drill and test the potential northerly extension of this large mineralized system in the Yerington District,” says Mr. Dischler. “With success, the Bear deposit could be a catalyst to expedite development of the entire district.”

Click here for the full Quaterra Resources (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) press release.
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