3 Major Porphyry Deposits With Huge Potential
Chairman and CEO of Quaterra Resources Inc., Thomas Patton, discusses the company’s three major Porphyry deposits and their future potential.
We are a copper exploration company focused on North America. We’ve got 51 square miles around in the Yerington district. We have water rights that are dedicated to mining, we have patented claims, we have three known porphyry deposits on that property. The Yerington Pit, the Giant Bear Deposit and then we have the MacArthur Oxide Deposit and we have the Groundhog Prospect which is immediately north of the Giant Pebble Deposit in Alaska. Pebble is the largest undeveloped porphyry, copper, gold deposit in the world. It has over seventy million ounces of gold and 50-plus billion pounds of copper. It’s absolutely huge, it’s never been explored to the north and we have 40,000 acres directly north of Pebble without a drill hole in it and we’re partners with Chuchuna which is an outfit that’s partly owned by Rob Retherford of Alaska Earth Sciences who was the discoverer of Donelin Creek. So, it’s a great opportunity for us. We’re going to begin our pre-feasibility study at MacArthur and that will involve additional drilling and metallurgy. We’re redoing the mine plan, we want to do some deep drilling at Groundhog this year in joint venture with Chuchuna, our partners.
Quaterra Resources Inc. is a mining exploration and development company focused on advancing its key copper assets in Yerington, Nevada. Quaterra’s Yerington projects have good existing infrastructure, valuable water rights, community support and significant exploration upside. They have the potential to be transformed into a district-scale, long-life copper mining operation.
Quaterra has 100% ownership of three partially defined porphyry copper deposits in the Yerington Copper District of Nevada, one of the world’s most attractive mining jurisdictions.
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