Quaterra Increases Nieves Silver Resource Estimate

Quaterra Resources Inc. (TSXV:QTA,AMEX:QMM) announced an increase to the silver resource estimate at the Mexico-based Nieves project.

As quoted in the press release:

Nieves’ updated indicated resource of 33.04 million tonnes averaging 50.1 g/t silver (1.61 oz/ton) contains 53.22 million ounces of silver at a base case cutoff grade of 15 grams. The new resource represents a 328% increase in tonnes, a 194% increase in contained silver ounces and a 31.2% decrease in grade compared with the previous August 2010 estimate.

Click here for the Quaterra Resources Inc. (TSXV:QTA) press release.