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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (4434)	10/25/2001 7:33:09 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

"Pumper up and dumper" Red I think you hit the nail on the head. You have to give QTA an "a" for effort. They certainly like their NR's. Here's the latest. Quaterra gets set for diamond drilling at Duke Island News Release Mr. Thomas Patton reports Quaterra Resources says that drill permitting is in process for near-term preliminary diamond drill testing of recently discovered copper/nickel/platinum group elements mineralization at its 100-per-cent owned Duke Island project in southeast Alaska. The company said interpretation of an induced polarization (IP) survey suggests that the extremely low resistivity values (high-conductivity) encountered on all four lines of the survey may be due to the presence of massive sulphides. The interpretation is consistent with the previously reported observation that net textured sulphides formed by gravity separation from an ultramafic magma may signal the presence of massive sulphide mineralization below the iron-stained outcrops on Duke Island. The IP survey has outlined a zone of potential mineralization that extends 500 metres (m) in length, at least 125 m in depth from surface and 75 m to 125 m in width. The zone is open to the northwest where it appears to plunge 60 m below the surface. The IP survey, completed by Zonge Engineering, covers an area of only one kilometre (km) by one km along a prospective trend that is 10 km to 15 km long. Quaterra previously has released outcrop sample assay results up to 1.59 per cent copper, 0.25 per cent nickel and 0.65 gram per tonne platinum and palladium. Extensive soil sampling in the same area has averaged 2,241 parts per millioncopper, 401 parts per million nickel, 210 parts per million cobalt, 175 parts per billion platinum and 129 parts per billion palladium. The company has also reported that it continues to stake additional claims on the 15 km by 18 km island as new zones of outcropping sulphide mineralization, up to 900 m from the nearest previously known outcrop, have been discovered during the past two weeks. Rock samples, some carrying significant amounts of chaleopyritc, have been submitted for assaying. The 100-per-cent-owned Duke Island project is located within an Ural-Alaska layered ultramafic intrusion, 50 km southeast of Ketchikan, Alaska. Quaterra is also earning a 50-per-cent interest in the Union Bay platinum/palladium Ural-Alaskan intrusive project located 50 km north of Ketchikan.