Teras Resources Announces Release of Technical Report for its Cahuilla Property

Teras Resources Inc. (TSXV:TRA) announced that it will soon release a Technical Report for its Cahuilla Gold project. The report will contain the first mineral resource estimate up to NI 43-101 standards for the project. The Company is now in a good position to expand the resource at Cahuilla.

As quoted in the press release:

• An additional inferred resource of 110,000 ounces of gold and 954,000 ounces of silver (9.733 million tons at an average grade of 0.011 opt gold and 0.10 opt silver with a cutoff of 0.008 opt gold).
• Converting silver to gold equivalent by dividing the silver ounces by 55 equals (i) an indicated resource of 1.233 million ounces gold equivalent at the gold cutoff of 0.008 opt and silver cutoff of 0.17 opt; and (ii) an inferred resource of 127,000 ounces gold equivalent at the same cutoff totaling 1.360 million ounces gold equivalent combined.

Click here to read the Teras Resources Inc. (TSXV:TRA) press release