SAN FRANCISCO, CA--(Marketwired - August 21, 2015) - Quaterra Resources' 51 square miles in Nevada contains a past-producing mine. Its management is savvy and well seasoned. And it is backed by the strength of global player Freeport-McMoRan Nevada LLC. In this interview with The Gold Report, President and CEO Steven Dischler tells us why he believes his company's Bear project could open up a whole copper district.
The Gold Report: Your latest presentation declares that Quaterra Resources Inc.'s (TSX VENTURE: QTA) (OTCQX: QTRRF) "assets have the potential to be transformed into a district-scale, long-life copper-mining operation." Tell us about your assets, and explain why you have such confidence in them.
Steven Dischler: We own 51 square miles of property in the Yerington district of Nevada. This is a district with a rich history of successful copper production in one of the world's best mining jurisdictions. We have three properties there: Yerington, which Anaconda mined at an average of 0.54% copper, MacArthur and Bear. Yerington has a mineral resource as defined under NI 43-101, and MacArthur has a preliminary economic assessment, but it is Bear that we believe could be the catalyst for the whole district.
We own valuable water rights at Yerington specifically permitted for mining and mineral processing. We have broad-based community support for responsible mining. We have invested $28 million ($28M) in the district since 2006 with another $7.1M in planned exploration that has just begun. And we have the enthusiastic support of Freeport Nevada, which has an option to earn between a 55% and 75% interest in the project.
TGR: Where do you see your company in three years?
SD: If Bear turns out well, we will own 25-45% of a large and attractive copper asset moving systematically toward production while being operated by a major copper producer. The potential to add value in this scenario is very real...
Continue reading this interview: Quaterra Resources Has the Property, the People and the Partners for Large-Scale Nevada Copper Mining
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DISCLOSURE:
Quaterra Resources paid The Gold Report to conduct, produce and distribute the interview. Steven Dischler had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Steven Dischler and not of The Gold Report or its officers.