Source: Teras Resources Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Teras Resources (TRA) has increased its land position on its Watseka gold property in Madison County Montana with high value ground
  • The property consists of 12 patented mining claims owned by Teras and more than 24 claims that are leased from private landowners and the Bureau of Land Management
  • The Watseka property currently has a Mill Site housing a main building and equipment for processing ore as well as a separate building with Lab equipment for analyzing ore to be mined and processed
  • Teras Resources Inc. is unchanged, trading at C$0.015 per share at 11:45 am ET

Teras Resources (TRA) has increased its land position on its Watseka gold property in Madison County Montana with high value ground.

The property consists of 12 patented mining claims owned by Teras and in excess of 24 claims that are leased from private landowners and the Bureau of Land Management. The Watseka property currently has a Mill Site housing a main building and equipment for processing ore as well as a separate building with Lab equipment for analyzing ore to be mined and processed.

The company’s CEO, Joseph Carrabba stated that this gives Teras the strike length it needs to develop Watseka.

“The newly acquired land has historical drill results which provides Teras the land position as well as historical assay results along the strike of the Watseka vein including all lands within the project area to pursue a NI 43-101 technical report. The go forward plan for Watseka is to twin a couple of the historical holes and upgrade the NI 43-101 technical report to a Resource report. We are eager to advance Watseka into a mining operation within our onsite facility. Further advancements will be released in the near future.”

Teras Resources is a junior mining exploration & development company. The company is focused on acquiring and exploring mineral property interests in Montana, Nevada, and Cahuilla in California. The company explores for gold, silver, and base metals. 

Teras Resources Inc. is unchanged, trading at C$0.015 per share at 11:45 am ET.


More From The Market Herald

" Prime Meridian (TSXV:PMR) announces $1M financing

Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.

" Fortune Bay (TSXV:FOR) files Goldfields PEA

Fortune Bay (FOR) has filed an independent preliminary economic assessment (PEA) for its Goldfields Project in Saskatchewan.

" Emperor Metals (CSE:AUOZ) announces $5M private placement

Emperor Metals (AUOZ) has announced a non-brokered private placement for gross proceeds of up to $5,001,550.
Emerita Resources Corp. - CEO, David Gower

" Emerita (TSXV:EMO) announces Aznalcóllar trial date

Emerita Resources (EMO) announced the Third Section of the Provincial Court of Seville has set the date court date regarding the Aznalcóllar package.