Quaterra Files NI 43-101-Compliant Technical Report on SEDAR for Updated Yerington Resource
07 January 2014 - 5:00AM
Marketwired
Quaterra Files NI 43-101-Compliant Technical Report on SEDAR for
Updated Yerington Resource
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 6, 2014) -
Quaterra Resources Inc. (TSX-VENTURE:QTA)(NYSEMKT:QMM) today
announced it has filed on SEDAR a Canadian National Instrument
43-101-compliant technical report for an updated independent
resource estimate at the Company's Yerington copper project located
in Lyon County, Nevada.
The report was prepared by Tetra Tech, Inc. of Golden, Colorado,
and follows the announcement of the updated resource estimate for
Yerington in a news release on November 20, 2013. The technical
report contains an updated Canadian National Instrument
43-101-compliant independent resource estimate for mineralization
in and around the historic Yerington pit which supersedes a
previous report completed in the first quarter 2012. It also
contains a description of the project history, geology,
mineralization, sampling procedures and laboratory Quality
Assurance/Quality Control procedures.
There are no material differences between the technical report
and the November 20, 2013, news release.
The Qualified Person for the technical report's updated
Yerington resource estimate is Dr. Rex Bryan with Tetra Tech Inc.
of Golden, Colorado. This press release has also been reviewed and
approved by Steven Dischler, P.E., a non-independent Qualified
Person within the meaning of NI 43-101.
The complete NI43-101-compliant technical report is available at
www.sedar.com and on the company's website.
About Quaterra Resources Inc.
Quaterra Resources Inc. (TSX-VENTURE:QTA)(NYSEMKT:QMM) is a
junior exploration and development company with a successful track
record of making significant mineral discoveries in North America.
The Company's primary objective is the advancement of its flagship
projects in the Yerington copper district, Nevada. The monetization
of non-core assets is in progress to accelerate this effort.
On behalf of the Board of Directors,
Mr. Steven Dischler, President & CEO
Quaterra Resources Inc.
Disclosure note:
Some statements contained in this news release are
forward-looking statements within the safe harbor of the Private
Securities Litigation Reform Act of 1995. These statements
generally are identified by words such as the Company "believes",
"expects", and similar language, or convey estimates and statements
that describe the Company's future plans, objectives or goals.
Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Further information
regarding risks and uncertainties which may cause results to differ
materially from those projected in forward-looking statements, are
included in filings by the Company with securities regulatory
authorities. Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date
thereof. The Company does not undertake to update any
forward-looking statement that may be made from time to time except
in accordance with applicable securities laws. References may be
made in this press release to historic mineral resource estimates.
None of these are NI 43-101 compliant and a qualified person has
not done sufficient work to classify these historic estimates as a
current mineral resource. They should not be relied upon and
Quaterra does not treat them as current mineral resources.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Should you wish to receive news releases by fax please provide
your contact details to Quaterra at 604-681-9059 (direct),
1-855-681-9059 (toll free) or email info@quaterra.com.
Quaterra Resources Inc.Mr. Steven DischlerPresident &
CEO775-463-9600
Quaterra Resources (TSXV:QTA)
Historical Stock Chart
From Apr 2024 to May 2024
Quaterra Resources (TSXV:QTA)
Historical Stock Chart
From May 2023 to May 2024