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Quaterra Resources Inc. (CVE:QTA, NYSE Amex:QMM) updated on its Herbert Glacier gold property and Duke Island Cu-Ni-PGE project in Alaska, both financed and operated by Quaterra’s partners who can earn up to a 65% interest in each in terms of separate earn-in agreements.
Quaterra Resources Inc. (TSXV:QTA, NYSE Amex:QMM) updated on its Herbert Glacier gold property and Duke Island Cu-Ni-PGE project in Alaska, both financed and operated by Quaterra’s partners who can earn up to a 65% interest in each in terms of separate earn-in agreements.
The press release is quoted as saying:
At Herbert Glacier, 20 miles north of Juneau, Grande Portage Resources Ltd. can earn a 65% interest by spending US$1.25 million in two stages. Grande Portage has announced that six NQ holes have been completed on the property for a total of 1,296 meters and that a seventh is in process. At Duke Island, located in southeast Alaska, Copper Ridge Exploration Inc. can earn a 65% interest, in stages, subject to certain spending commitments. Copper Ridge has recently completed a five-hole, 1,537-meter drill program. Best results from the program included .294% copper and .075% nickel over 4.9 meters and .148% copper and .039% nickel over 13.4 m over two separate intervals in hole DK10-08.
Click here to access the entire press release
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