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Teras Resources Inc. (TSXV:TRA) announced the latest results from recent geophysical surveys at its Cahuilla project, California. The Company also provided a current corporate update and commented on its plans for the Cahuilla project for Q2, 2013.
As quoted in the press release:
Teras is awaiting final results of the MT and IP surveys which will be used in conjunction with the gravity to better target deeper high grade feeder zones, shallower disseminated/vein targets and potential mineralized areas covered by shallow gravels. Once the geophysical interpretations are complete, the Company plans to drill test targets that occur within the permitted area. A total of 230 holes may still be drilled within the existing permitted area.
Teras Resources, President and CEO, Peter Leger, commented:
We are optimistic the geophysics will help to increase the potential size of the current resource and also identify high impact target areas including deeper high grade feeder zones which could improve the overall grade of the project. The gravity data has identified many exciting new drill targets that will allow us to effectively schedule our forthcoming drill program. Over the next few months, we will develop a focused drilling strategy to expand our current precious metal resources and identify potential deeper high grade feeder zones that could significantly enhance this exciting project.
Click here to read the Teras Resources Inc. (TSXV:TRA) press release
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