Teras Resources Inc. (TSXV:TRA,OTCQX:TRARF) announced the filing of its NI 43-101 report: “Technical Report on the Cahuilla Project Gold and Silver Resources, Imperial County, California” on January 11, 2013. The Company also reported the initiation of an aggressive exploration and development program for the Cahuilla project.
As quoted in the press release:
Drilling is scheduled to begin in the first quarter 2013 with purpose of expanding the current NI 43-101 resource and further identify high-grade precious metal zones. Drilling will initially be conducted on the northeast and southeast portions of the project area outside of the current resource. In these areas, wide-spaced historical drilling has returned anomalous to ore-grade gold values. Once the geophysical surveys are complete, drilling will be focused on testing potential high-grade feeder zones. Detailed mineralogical and structural investigations are also in progress.