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Teras Receives Additional Drill Permit Totaling 420 Holes on Its Cahuilla Gold/Silver Project
Oct. 27, 2011 02:11PM PST
Gold InvestingTeras Resources Inc. (TSXV:TRA) announced it has received approval for additional drilling at the California-based Cahuilla Project.
Teras Resources Inc. (TSXV:TRA) announced it has received approval for additional drilling at the California-based Cahuilla Project.
As quoted in the press release:
On October 24, 2011, Teras was granted approval to drill an additional 200 holes at Cahuilla, while in April of this year; the Company received an earlier permit for 200 holes. Therefore, Teras is now authorized to drill approximately 400 holes; the primary objective is to significantly expand the existing high grade and disseminated gold-silver mineralization that has been delineated from historic and recent drilling.
Teras’ President and CEO, Peter Leger stated:
“We feel the approval of this drill permit provides us the opportunity to complete the number of drill holes required to build a substantial gold/silver mineralization model and issue results in a new NI 43-101 report.”
Click here to read the Teras Resources Inc. (TSXV:TRA) press release.
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