Last C$0.13 CAD
Change Today +0.005 / 4.00%
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teras resources inc (TRA) Snapshot

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09/24/13 - C$0.84
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09/5/14 - C$0.10
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teras resources inc (TRA) Details

Teras Resources Inc. engages in the acquisition and exploration of mineral properties in North America. The company primarily explores for gold and base metals. Its principal property is the Cahuilla gold/silver project located in Imperial County, California. The company also holds interests in properties located in Montana and Nevada. Teras Resources Inc. is headquartered in Calgary, Canada.

teras resources inc (TRA) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: C$176.4K
Chief Financial Officer
Total Annual Compensation: C$50.4K
Compensation as of Fiscal Year 2013.

teras resources inc (TRA) Key Developments

Teras Resources Inc. Announces Board Changes

Teras Resources Inc. announced the appointment of Mr. Gorden Glenn to its board of directors. Mr. Jim Hutch has resigned as a director of the company. Mr. Hutch has joined advisory board remaining a valuable asset to the company. Mr. Glenn has over 25 years of mining, exploration and capital markets experience. He is currently Chairman, President & CEO of Minnova Corp. Mr. Glenn currently sits on the boards of Entrée Gold Inc., Geodex Minerals Ltd., Source Exploration Corp. and Aurora Gold Corp.

Teras Resources Inc. Proposes Advance Notice By-Law

Teras Resources Inc. announced that the board of directors of the company has approved the adoption of an advance notice by-law, which requires advance notice to the company in circumstances where nominations of persons for election to the board are made by shareholders other than pursuant to a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (Alberta) (ABCA) or a shareholder proposal made pursuant to the provisions of the ABCA. At the next annual general and special meeting of shareholders of the company, the shareholders will be asked to confirm and ratify the advance notice by-law.

Teras Resources Inc. Announces Assay Results from Angled Diamond Drill Core Program

Teras Resources Inc. announced assay results from its angled diamond drill core program consisting or 7 HQ core holes at the Cahuilla gold-silver project in Imperial County, California. This drill program focused within the current resource area using core drilling to better recognize and sample vertical to sub vertical high grade sheeted veins which will improve the resource modeling and better direct further drilling to expand the tonnage and increase the reported grade. The company intends to use the new positive insight from core drilling to direct future drilling into the high grade sheeted complex to expand, better define and enhance the current mineral resource. The objective is to advance Cahuilla to a Preliminary Economic Assessment (PEA). Analysis of the core has confirmed the existence of a high grade sheeted vein complex at depth. The veins appear to be vertical to sub-vertical and have complex cross-cutting relationships. The best intercepts from the program occur in hole CAH 0324 which cut 12 feet (3.6 m.) averaging 14.79 g/t Au between 173'-185' and 16' (4.8 m.) averaging 779.5 g/t Ag between 293'-309'. The results from seven HQ core holes drilled in the main resource area represent a total of 3,796 feet drilled (1,157 m.) The results from hole CAH 0319 were especially encouraging as the entire bottom of the hole from 320' to 650' averaged 330' of 1.67 g/t Au with 116' from 491' to 607' averaging 4.11 g/t Au. Numerous vein sets were cut in this zone and this confirms the robust nature of the mineralizing system. Hole CAH 0318 was plagued by poor recovery in the highly broken veins encountered at depth. Recoveries as low as 20% were found and therefore the hole was twinned by hole CAH 0323. The results from CAH 0323 include 68' (20.7 m.) from 335' to 403' averaging 2.02 g/t Au. All of the drilling intercepted multiple sheeted and cross-cutting veins at depth that represent a vein stockwork.


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