TRA Teras Resources Inc

Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA)(OTCQX:TRARF):
Teras is pleased to report the results of a magnetotelluric (MT) survey recently
conducted at the Cahuilla gold/silver project in Imperial County, California.
The MT survey, conducted by Zonge International, is remarkably positive and has
identified multiple apparent new precious metal targets including the potential
location of deep high grade feeder zones throughout the project area.


The following cross sectional illustration showing the MT resistivity image
(looking toward the west) identifies high-resistivity (white to blue) silicified
rocks associated with the existing near-surface NI 43-101 resource which is
outlined by the blue line. In addition to delineating resistive rocks associated
with the known mineralization, the MT survey has recognized a major structural
feature, likely the mineralized Modoc Fault zone, which extends beneath the
near-surface mineralization. Zones of high resistivity suggest that
silicification extends to depth along this major structure and may represent the
source or pathway for the shallow disseminated and high-grade vein precious
metal mineralization that has been delineated in the gold/silver resource area.


This type of structural geometry is of extreme importance and expected for
high-grade epithermal vein targets that have been encountered in numerous
epithermal precious metal deposits throughout the world. Commonly in this type
of epithermal or "shallowly emplaced" precious metal system, gold-and
silver-rich hydrothermal fluids are focused in structural zones or faults below
the more widespread disseminated mineralization within a feeder zone or
"throat", which is interpreted as the primary target on the MT section above.
The Cahuilla project has never been tested to depths where these feeders would
be expected to occur and the main objective of Teras' next drill program is to
explore many of these newly identified targets.


The extensive, buried resistive body to the south (left side of the diagram) was
not recognized until Teras received the recent MT results from Zonge. This
high-resistivity feature delineates a large, new target in an area that will be
approved for drill testing in the next phase of permitting, which is currently
in progress. This significant geological feature may represent intrusive and/or
silicified rocks that are genetically related to the rhyolite intrusives and
tuffs that are identified within the Cahuilla precious metal mineralizing
system.


Peter Leger, President and CEO of Teras Resources, remarked "We are extremely
pleased with the results of our geophysical surveys and have identified multiple
high quality target areas while focusing on deeper high grade feeder zones that
could significantly increase our gold/silver resources and enhance the overall
grade of the deposit. The geophysical results along with additional technical
data generated by our management team and highly qualified specialized
consultants impart high confidence that the project has the capability to be
world class and we are aggressively moving forward to achieve our goals."


Dale A Vitone P. Eng., registered with the Association of Professional Engineers
of Ontario, Alberta and North West Territories and a Director for 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.


About Teras

The Company is focused on developing its Cahuilla project located in Imperial
County, California. The project encompasses an area of at least 3 km by 1.5 km
and demonstrates the potential for a large-scale, bulk mining operation
consisting of altered and mineralized sedimentary and volcanic host rocks with
numerous sheeted high-grade quartz veins. Teras filed a NI 43-101 compliant
technical report with an indicated resource of 1.2 million plus ounces of gold
and 11 million plus ounces of silver on its Cahuilla project (70.148 million
tons at an average grade of 0.015 ounces per ton gold and 0.17 ounces per ton
silver with a cutoff of 0.008 ounces per ton gold). The Company has an
aggressive plan to increase the resource and develop the project for future
mining operations.


This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", " expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be
achieved. In particular, this press release contains forward-looking information
regarding: the potential of the Cahuilla Project; the potential of geophysical
programs on the Cahuilla Project; the potential to expand the resource, to
identify new targets and to identify high grade zones and structures; the timing
of and potential of drilling and exploration programs, surveys, studies and
developments; and the potential for finding high grade deposits. This
forward-looking information reflects the Company's current beliefs and is based
on information currently available to the Company and on assumptions the Company
believes are reasonable. These assumptions include, but are not limited to, the
actual results of exploration projects being equivalent to or better than
estimated results in technical reports or prior exploration results; future
costs and expenses being based on historical costs and expenses, adjusted for
inflation; continued success in drilling and exploration programs and geological
and geophysical studies at the Cahuilla project; successful studies in mining
techniques and metallurgy; commodity prices continuing at today's prices or
rising; obtaining the necessary funding to carry out recommended work programs,
exploration and studies; and continued success in obtaining permits. Additional
assumptions can be found in the Company's disclosure documents on the SEDAR
website.

Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information. Such risks and other
factors may include, but are not limited to: the early stage development of the
Company and its projects; general business, economic, competitive, political and
social uncertainties; commodity prices; the actual results of current
exploration and development or operational activities; competition; changes in
project parameters as plans continue to be refined; accidents and other risks
inherent in the mining industry; lack of insurance; delay or failure to receive
board or regulatory approvals; changes in legislation, including environmental
legislation, affecting the Company; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations; and lack of
qualified, skilled labour or loss of key individuals. Although the Company has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.


To view the figure associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/878863_fig.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Teras Resources Inc.
Peter Leger, President
(403) 262-8411
(403) 852-0644
pleger@teras.ca
www.teras.ca

Teras Resources (TSXV:TRA)
過去 株価チャート
から 5 2024 まで 6 2024

Teras Resources (TSXV:TRA)
過去 株価チャート
から 6 2023 まで 6 2024