TRA-V assays delayed at lab. Nov 5, 2013 - News Release
Teras Resources (TRA-V) has finished the first phase of its reverse circulation and deep core drill campaign at the Cahuilla project in Imperial county, California. A total of 1,348 metres (4,422 feet) of core and 2,932 m (9,620 feet) of reverse circulation drilling have been completed during this initial phase, which comprises four deeper, precollared diamond drill and 11 reverse circulation holes. Both the core and reverse circulation drill chips are currently at the lab being assayed. In the company's press release dated Oct. 9, 2013, it indicated that assay results would become available by Oct. 23. However, due to unforeseen circumstances at the lab, the results have been delayed. The company now anticipates the assay results from core hole CAH-303 to be received later this week, and results from the remaining diamond drill holes CAH-304, CAH-305 and CAH-311 to follow in a timely fashion.
In order to ensure that results are processed judiciously, Teras is now working very closely with the laboratory staff to expedite the assay process. This includes the implementation of double shifts for the exclusive purpose of preparing and analyzing Teras's core samples as promptly as possible while maintaining superior quality control. The company wishes to thank all of its shareholders for their patience and understanding during a period that has been trying and exasperating for everyone.
Paul Stubbe, project geologist and manager, is currently conducting detailed geologic logging of the core and once all the assay results have been received, the Teras technical team will reconvene to analyze and evaluate all of the reverse circulation, and most importantly, the deep core assay results along with recently generated detailed geological and geophysical data. The primary focus of the comprehensive evaluation process is to fine-tune the selection of additional deeper high-grade targets for continued exploration of the feeder veins or source of this extensive gold/silver precious metal epithermal system.
Dale Vitone, PEng, registered with the Association of Professional Engineers of Ontario, Alberta and Northwest Territories, and a director of Teras, is the company's nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the company's properties. Mr. Vitone has reviewed and verified the technical information contained in this news release.
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