UPDATE: Quaterra Resources Inc. Files NI43-101-Compliant Technical Report on Sedar for Macarthur Preliminary Economic Assessment
06.07.2012 | ABN Newswire
11:14 AEST July 6, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.Vancouver, Canada (ABN Newswire) - Quaterra Resources Inc. (CVE:QTA) (NYSE:QMM) announced it has filed on SEDAR a Canadian National Instrument 43-101-compliant technical report for the preliminary economic assessment (PEA) of the MacArthur copper project located in Lyon County, Nevada.
The report was prepared by M3 Engineering & Technology of Tucson, Arizona, and follows the announcement of the MacArthur PEA in a news release on May 23, 2012. The technical report includes a description of the project resources, mine plan, capital costs, operating costs, metallurgy and financial analysis. There are no material differences between the technical report and the May 23 news release.
The Qualified Person for the technical report's updated MacArthur resource estimate is Dr. Rex Bryan with Tetra Tech Inc. of Golden, Colorado. The Qualified Person for the preliminary economic assessment is Mr. Rex Henderson with M3 Engineering and Technology Corp., of Tucson, Arizona. The Qualified Person for the mining portion of the report is Herb Welhener of Independent Mining Consultants Inc., of Tucson, Arizona. The Qualified Person for the metallurgical portion of the report is Dr. Richard Jolk of Tetra Tech Inc., Golden, Colorado.
The complete NI43-101-compliant technical report is available at www.sedar.com and on the company's website: http://www.quaterra.com
On behalf of the Board of Directors,
'Thomas Patton'
Dr. Thomas Patton, President and CEO, Quaterra Resources Inc.
About Quaterra Resources Inc.:
Quaterra Resources Inc. (NYSE:QMM) (CVE:QTA) is a junior exploration company focused on making significant mineral discoveries in North America. The Company uses inhouse expertise and its network of consultants, prospectors and industry contacts to identify, acquire and evaluate prospects in mining-friendly jurisdictions with the potential to host large and/or high-grade base and precious metal deposits.
Contact:
For more information please contact:
Thomas Patton, President and CEO
Quaterra Resources Inc.
T: +1-604-641-2758
Lauren Stope, Manager Communications
Quaterra Resources Inc.
T: +1-604-641-2746
E: info@quaterra.com