QUATERRA PROVIDES UPDATE ON TWO ALASKA PROPERTIES
VANCOUVER, B.C. — Quaterra Resources Inc. today released updates to its Herbert Glacier gold property and Duke I
Cu-Ni-PGE project in Alaska, both financed and operated by Quaterra’s partners who can earn up to a 65% interest in ea
terms of separate earn-in agreements.
Herbert Glacier gold project
At Herbert Glacier, 20 miles north of Juneau, Grande Portage Resources Ltd. can earn a 65% interest by spending US$1.
million in two stages. Grande Portage has announced that six NQ holes have been completed on the property for a total of
1,296 meters and that a seventh is in process. (For full results see Grand Portage press release of September 8, 2010, at
Grande Portage said quartz veins and sulfidized shear zones have been encountered in every hole at predicted intervals for
targeted mineralized zones. Also drilling has confirmed the presence of the Main vein. A parallel vein in the hanging wall of t
Main vein, now known as the Ridge vein, has been discovered in each of the holes drilled, and contains sulfides and visible
gold. The Ridge vein is believed to be at 300 meters long. And a Deep Trench vein has been encountered between 321 me
and 326 meters in the deepest hole drilled.
Assay results for holes drilled at Herbert Glacier are pending from ALS Chemex and will be released in the coming weeks.
Carl Hale, CPG, will direct the field program and will act as the Qualified Person as that term is defined under NI 43-101.
Hale will be backed up by C. C. Hawley, Ph.D., CPG of Hawley Resource Group, Inc. and Alaska Earth Sciences, Inc. o
Duke Island copper-nickel-PGE project
At Duke Island, located in southeast Alaska, Copper Ridge Exploration Inc. can earn a 65% interest, in stages, subject to
certain spending commitments. Copper Ridge has recently completed a five-hole, 1,537-meter drill program. (For full result
Copper Ridge’s press release of September 10, 2010 at www.copper-ri