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Teras Resources Inc V.TRA

Alternate Symbol(s):  TRARF

Teras Resources Inc. is a Canada-based mineral exploration company. The Company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada and Cahuilla in California. Its projects include Cahuilla Project, Corral Canyon, Gold Point, Superstition Mountain, Sunny Slope, and Watseca Mill. Its main project is the Cahuilla project, located in Imperial County, California. The Sunny Slope gold mine consists of approximately 16 unpatented claims, which is located in Mineral County, Nevada. The Gold Point property consists of eight unpatented claims, which is located in Sierra County, California. The Corral Canyon Gold Project consists of two unpatented claims and is located in Churchill County, Nevada. The Superstition Mountain Gold Property consists of six unpatented claims, which is located in Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, which includes a mill site and 13 patented mining claims.


TSXV:TRA - Post by User

Bullboard Posts
Post by thomsonion Mar 31, 2012 1:23pm
619 Views
Post# 19743331

The Veins to Date

The Veins to Date

 

HIGH GRADE VEIN INTERSECTIONS TO DATE
HoleID From To Thickness Au g/tonne Au (oz/ton)
  (m) (m) m 0.0297 34.4832
           
NR-1A 138.7 140.2 1.5 12.345 0.358
NR-2 85.3 93.0 7.6 9.966 0.289
NR-3 45.7 50.3 4.6 3.138 0.091
NC-23 22.6 23.8 1.2 3.379 0.098
TM-06 0.0 4.6 4.6 5.207 0.151
TM-08 53.3 54.9 1.5 31.241 0.906
TM-28 48.8 80.8 32.0 7.724 0.224
TM-33 96.0 97.5 1.5 3.448 0.100
TM-44 74.7 96.0 21.3 2.828 0.082
TM-48 135.6 137.2 1.5 2.931 0.085
TM-49 108.2 121.9 13.7 3.103 0.090
TM-54 32.0 50.3 18.3 3.655 0.106
TM-57 1.5 3.0 1.5 6.897 0.200
TM-58 117.3 121.9 4.6 6.138 0.178
TM-59 64.0 68.6 4.6 3.345 0.097
TMC-001 48.8 69.8 21.0 4.103 0.119
CAH-002 80.8 85.3 4.6 2.931 0.085
CAH-009 105.2 109.7 4.6 3.172 0.092
CAH-012 99.1 106.7 7.6 5.310 0.154
CAH-038 118.9 121.9 3.0 5.310 0.154
CAH-062 96.0 100.6 4.6 4.000 0.116
CAH-076 45.7 53.3 7.6 2.793 0.081
CAH-076 54.9 56.4 1.5 3.103 0.090
CAH-138 187.5 189.0 1.5 3.897 0.113
CAH-139 88.4 99.1 10.7 19.241 0.558
CAH-139 128.0 164.6 36.6 2.793 0.081
CAH-142 103.6 112.8 9.2 3.828 0.111
CAH-143 108.2 111.3 3.1 7.207 0.209
CAH-144 94.5 100.6 6.1 7.552 0.219
CAH-148 147.8 150.9 3.1 5.207 0.151
CAH-150 143.2 146.3 3.1 3.828 0.111
CAH-152 74.7 79.3 4.6 6.000 0.174
CAH-157 71.6 79.2 7.6 8.379 0.243
CAH-160 65.5 68.6 3.1 5.621 0.163
CAH-164 179.8 182.9 3.1 2.759 0.080
CAH-165 141.7 143.2 1.5 9.759 0.283
CAH-165 163.0 166.1 3.1 8.241 0.239
CAH-168 158.4 161.5 3.1 5.966 0.173
           
AVG GRADE VEIN 5.477 G/TONNE  

Data Sources: Wakefield Report, Teras News Releases. (there are additional veins noted on

Consolidated Goldfields site that are not included here)

A cutoff of 0.08oz/T was used to identify high grade veins. Data displayed in meters. Gold grades in oz/short ton converted to grams/metric tonne.  I believe the f/t being reported might be grams/short ton as it is a US lab.

Note re: Widths: These are all considered apparent widths as there is no hole inclination/azimuth and no vein dip/azimuth information available.

Anything >=3meters (10ft) is likely mineable by underground methods, There are a lot of candidates should the individual vein geometries get proven up, establishing tonnes/ounces.

Out of curiosity, I also worked out the average low grade assay using meter weighted grades but excluding the high grade intersections above. It is .75g/tonne, well above Mesquite's cutoffs.

As far as the low grade open pit story goes, most of these veins will end up being sweeteners to increase the background grade of .75g/tonne.

This is clearly a very gold rich system and it has great potential to add further oz. Au IMHO.

thomsoni

 

 

 

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