TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CIMA who wrote (90597)	8/21/2001 4:09:04 PM
From: Rocket Red	Read Replies (1) of 150070

Quaterra Resources Inc - News Release Quaterra receives Union Bay results Quaterra Resources Inc QTA Shares issued 22,761,313 2001-08-16 close $0.14 Thursday Aug 16 2001 News Release Also International Freegold Mineral Dev Inc (ITF) Mr. Thomas Patton reports Enriched platinum group element (PGE) values now have been received from three additional recently discovered zones at the Union Bay PGE project in southeast Alaska. Combined Pt and Pd values ranged up to 11.5 grams per tonne, 8.8 g/t and 3.6 g/t from the Mt. Burnett (BMW) zone, and the newly discovered Cobra east and Cobra west zones, respectively. High-grade outcrop PGE mineralization now extends along two east-west corridors for a distance of 4.8 kilometres in the north corridor and 2.0 kilometres in the south corridor. Both remain open along strike with mineralization occurring over a vertical distance of at least 550 metres. The company reported that drill permitting has been completed and diamond drill testing is scheduled to commence before the end of August. Several zones will be tested with primary targets located along the discovery or "North" zone where several 17.0- to 19.0-g/t Pt samples have been received from along 400 metres of strike length and the new Mt. Burnett zone which has a current strike length of 750 metres. Although local geologic controls vary, PGE mineralization is believed to be controlled by project-scale east-west features or corridors. Because the magmatic units comprising the Union Bay lopolith also generally strike in an east-west direction, exploration to date suggests that platinum-palladium mineralization occurs in one or more stratiform layers or horizons similar to the platiniferous reefs in the Stillwater and Bushveld complexes. The upcoming drill program is essential to confirm widths, grades and continuity of presently known PGE occurrences. The Union Bay prospect is a joint venture between Quaterra Resources and International Freegold Mineral Development. Quaterra may earn a 50-per-cent interest in the project by spending $1-million (U.S.) on exploration and development and making staged cash payments totalling $100,000 (U.S.) over the next four years. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next