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Quaterra Resources Inc. (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) announced results from Hole B-049, the second 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.
Quaterra Resources Inc. (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) announced results from Hole B-049, the second 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.
As quoted in the press release:
HIGHLIGHTS
Hole B-049, drilled vertically to a depth of 3,635 feet, intercepted 1,138 feet (407.9 meters) of 0.26% copper beginning at a depth of 1,588 feet. Higher-grade mineralization, although present, is restricted to narrow zones varying from 3.0 to 5.5 feet in width. This hole extends an already large mineralized system an additional 770 feet to the north. Additional drilling, geology and geophysics are necessary to understand the controls for higher-grade mineralization.
Quaterra President and CEO, Thomas Patton, stated:
This is the first step-out hole of our current drilling campaign, and we are pleased with the length of the mineralized intercept, which extends the Bear system an additional 770 feet to the north. The location of higher-grade mineralization in this area is also an important goal of the current program.
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