- Quaterra Resources (QTA) is updating shareholders on the progress of the ongoing drill program at its MacArthur Copper Project
- As of June 15, the company has drilled a total of 4,618 feet at the project
- Initial assay results from the project are expected in July
- The MacArthur Project is located 50 miles southeast of Reno, Nevada and is part of the Yerington Copper District
- Quaterra Resources is down 4.76 per cent, trading at C$0.20 at 1:48 pm ET
Quaterra Resources (QTA) is updating shareholders on the progress of the ongoing drill program at its MacArthur Copper Project.
As of June 15, the company has drilled a total of 4,618 feet.
Initial assay results from the project are expected in July.
The focus of the drill program is to provide additional data required to complete a pre-feasibility study on the project including representative metallurgical samples.
The MacArthur Project is located 50 miles southeast of Reno, Nevada and is part of the Yerington Copper District.
The district has a large metal endowment with several known copper deposits controlled by different companies including those at Pumpkin Hollow, Ann Mason and those associated with Quaterra’s assets.
MacArthur is a large oxide copper deposit with a clear path to production.
Shareholders also re-elected the following four directors: Thomas Patton, John Kerr, LeRoy Wilkes and Terry Eyton at the company’s annual general meeting. The board of directors appointed Travis Naugle as an additional director.
Quaterra Resources is down 4.76 per cent, trading at C$0.20 at 1:48 pm ET.