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Quaterra Announces Initial Resource Estimate for the Nieves Silver Deposit
VANCOUVER, B.C. — Quaterra Resources Inc. and 50% joint-venture partner Blackberry Ventures 1, LLC, today announced that Caracle Creek International Consulting Inc. of Toronto, Canada, has completed a NI43-101 compliant independent resource estimate for its Nieves silver property in northern Zacatecas, Mexico.
Estimated mineral resources1
Concordia vein system, Nieves Property
Category Tonnes Ag (g/t) Au (g/t) Ag (oz2) Au (oz2)
Indicated 2,897,571 110.231 0.126 10,269,203 11,701
Inferred 2,256,596 96.562 0.115 7,005,797 8,373
1. Prepared by Michelle Stone, P.Geo., Caracle Creek International Consulting Inc., an independent Qualified Person within the meaning of NI 43-101, using a reporting cut-off grade of 60 g/t Ag.
2. 1 troy ounce = 31.103 grams.
Nieves' initial indicated resource of 2.9 million tons averaging 110.2 g/t silver contains 10.26 million ounces of silver. An inferred resource of 2.3 million tons averaging 96.6 g/t silver contains an additional 7.0 million ounces of silver. A summary of indicated and inferred resources at various cutoff grades is shown in Table 1-1 at the end of this news release. |
