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Last C$0.07 CAD
Change Today -0.005 / -6.67%
Volume 32.0K
As of 2:40 PM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

quaterra resources inc (QTA) Snapshot

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07/15/15 - C$0.14
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quaterra resources inc (QTA) Details

Quaterra Resources Inc., a junior exploration and development company, explores for and develops mineral properties in Mexico and the United States. The company primarily explores for copper, gold, and silver. It principally holds interests in the MacArthur property covering an area of approximately 18,533 acres; the Yerington copper project totaling an area of 4,153 acres; the Bear deposit comprising an area of 1,305 acres; and the Wassuk copper project located in Nevada. The company was formerly known as Aquaterre Mineral Development Ltd. and changed its name to Quaterra Resources Inc. in October 1997. Quaterra Resources Inc. was incorporated in 1993 and is headquartered in Vancouver, Canada.

8 Employees
Last Reported Date: 03/31/15
Founded in 1993

quaterra resources inc (QTA) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: C$165.7K
Chief Financial Officer
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2014.

quaterra resources inc (QTA) Key Developments

Quaterra Resources Inc. Presents at The Silver Summit and Resource Expo 2015, Nov-24-2015 11:45 AM

Quaterra Resources Inc. Presents at The Silver Summit and Resource Expo 2015, Nov-24-2015 11:45 AM. Venue: The Park Central Hotel San Francisco, 50 - 3rd Street, San Francisco, CA 94103, United States.

Quaterra Resources Inc. Releases Results of First Drill Hole At Bear Copper Deposit

Quaterra Resources Inc. announced results from Hole B-048, the first core hole of a drill program to explore and further define the Bear deposit, a large porphyry copper system on the company's 52-square mile property in the historic Yerington Copper District of Nevada. The drill program is being funded with option payments to SPS by Freeport-McMoRan Nevada LLC. Hole B-048, drilled vertically to a depth of 3,438 feet, intercepted 1,157.5 feet (352.9 meters) of 0.42% copper beginning at a depth of 1,573 feet. This interval contains several zones of higher grade mineralization, most notably 123.6 feet (37.7 meters) beginning at 2,588.5 feet averaging 1.07% copper, 0.03% molybdenum, 0.036 ppm gold and 0.9 ppm silver, and including 68.3 feet (20.8 meters) beginning at 2,643.8 feet of 1.42% copper, 0.03% molybdenum, 0.05 ppm gold and 1.4 ppm silver. Twin hole B-048 is the first hole of an exploration program designed to corroborate historic assay results, determine geologic controls for higher grade mineralization and attempt to extend higher grade mineralization to the north as suggested by grade-thickness contouring of historic drilling. Hole B-048 was collared 30 feet from Hole 23B and assay results are in general agreement with historic assay results. Variances may be attributable to any or all of the following factors: coarse, blebby nature of chalcopyrite mineralization; larger core size and better recoveries in B-048; and the unknown down-hole deviation of 23B. The high-grade interval in B-048 beginning at a depth of 2,588.5 feet is a distinctive zone of strongly altered quartz monzonite containing coarse chalcopyrite, magnetite, actinolite and chlorite. Its significance and aerial extent will be determined by additional drilling now in progress. A second hole, Hole B-049, is coring 771 feet north of historic Hole B22. Hole B-050, located 1,050 feet north-northeast of Hole B-048, encountered bedrock at a depth of 601 feet and is cased in preparation for core drilling.

Quaterra Resources Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Quaterra Resources Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, net loss for the period was $98,081 compared to income of $4,848 a year ago. Cash used in operating activities was $391,459 compared to $478,774 a year ago. For the nine months, net loss for the period was $2,360,219 or $0.01 per basic and diluted share compared to $1,906,342 or $0.01 per basic and diluted share a year ago. Cash used in operating activities was $1,496,058 compared to $1,833,636 a year ago.


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