Quaterra Resources Inc. (QTA:TSX.V; QTRRF:OTCQX) announced in a news release that it and Chuchuna Minerals Co. began their exploration program at their Groundhog copper-gold project located 300 kilometers southwest of Anchorage, Alaska.
They kicked off those efforts with a 1,500 line kilometer, helicopter-borne ZTEM (Z-axis Tipper Electromagnetic) geophysical survey over the property's 40,000 acres, which is being conducted by Geotech of Ontario, Canada. The survey will provide tightly spaced geophysical data, aid in better defining drill targets and help connect the new information with previous geophysical and geological work, the release noted.
Also underway, a team organized by project operator Chuchuna is doing fieldwork, including geologic mapping, prospecting and sampling. The intent is to "continue detailed mapping, locate new rock exposures, follow up on previous work and generate new subsurface data for copper-gold porphyry exploration," the companies explained.
Exploration work is being done in accordance with the existing agreement between Chuchuna and Quaterra, in which the latter must spend $5 million over six years on exploration at Groundhog to earn a 90% interest in it.
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