Quaterra, Grande Portage Release Herbert Glacier Gold JV Initial Drill Results

Quaterra Resources Inc. (TSXV:QTA) and joint venture partner Grande Portage Ltd. announced the initial drill results from the Herbert Glacier gold project near Juneau, Alaska. The results from mesothermal gold vein Deep Trench include significant intercepts and confirm the continuity of mineralization in the area.

As quoted in the press release:

Highlights include hole 12E-1, which intersected 3.34 meters (true thickness 2.47 meters) averaging 17.79 g/tonne (0.52 oz/ton) gold, including 0.55 meters of 76.8 g/tonne (2.24 oz/ton) gold; and hole 12G-5, which intersected 5.73 meters (true thickness 3.55 meters) averaging 20.1 g/tonne (0.59 oz/ton) gold, including 1.2 meters of 79 g/tonne (2.3 oz/ton) gold. Hole 12G-3 contains a 3.15 meter intercept with a true thickness of 2.05 meters averaging 15.6 g/tonne (0.455 oz/ton) gold and hole 309B includes a 4.07 meter intercept (true thickness 2.60 meters) averaging 11.3 g/tonne (0.331 oz/ton) gold.

Ian Klassen, President of Grande Portage, commented:

We are very encouraged by the initial results from our 2012 drilling program. Not only have we discovered a new zone of high-grade gold mineralization east of our original discovery on the Deep Trench vein, but we have also confirmed continuity of mineralization between our more widely spaced holes drilled last year.

Click here to read the full press release.