Teras Resources (TRA-V) hires Nation Drilling for Cahuilla development - 1000 meters in depth, in order to test the high grade feeder zone.
July 17, 2013 - News Release
Teras Resources Inc. has engaged National Drilling of Phoenix, Ariz., to continue the development drilling program at its Cahuilla project in Imperial county, California. National will be employing a Scrhamm T685WS drill that possesses the capability of drilling more than 1000 meters in depth, in order to test the high grade feeder zone. The Company is scheduled to resume operations with the anticipation of mobilizing the drill rig to Cahuilla in August 2013. The primary objective of this next phase of exploration will be focused on deeper high grade feeder zone targets that have been delineated by recently obtained geological and geophysical data. As reported in the June 6, 2013 press release, geophysics delineated multiple deeper high grade feeder vein targets located beneath the phase 2 permitted drill area. As a result, deeper drill holes were strategically selected throughout the permit area to optimize the probability of discovering the high grade source of precious metal mineralization.
Recently received detailed microscopic data from core and rock chips for select drill holes indicates that the gold/silver mineralizing system is intense throughout the entire deposit area. Evidence of multiple boiling zones associated with the precipitation of gold and silver was observed in all of the selected drill samples signifying that the epithermal system is robust and likely extends far beneath the existing precious metal resource. This data provides further support to the existence of deeper high grade feeder vein targets that were originally defined from the geophysical surveys.
The following map illustrates the locations where drilling will occur during this next phase of exploration and development.
To view the map associated with this press release, please visit the following link: media3.marketwire.com.
Additional holes to test high grade feeder veins are being planned as the Company continues to receive geological research data. Shallower drilling will also be conducted with the objectives of expanding the existing gold/silver resource by better defining near surface, high grade veins and testing areas along the margins of the resource where no to little drill data exists.
Peter Leger, President and CEO of Teras Resources, remarked "We are very pleased to select National Drilling for our continued exploration and development program at Cahuilla. National performed exceptionally well during our 2012 drilling program and we have the utmost confidence that they can satisfy our goal of testing the high priority deeper feeder vein targets with the primary objective of increasing the tonnage and grade of our current gold/silver resources. The Scrhamm T685WS National will provide is a much more powerful drill rig capable of drilling deep holes at a much faster rate of speed than previously planned."
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