Teras Appoints Dr. James G. Clark as Technical Advisor to the Board
June 04 2014 - 8:29AM
Access Wire
Calgary, AB / ACCESSWIRE / June 04, 2014
/ Teras Resources
Inc. ("Teras" or the "Company") (TRA.V): is
pleased to announce the appointment of Dr. James G.
Clark as technical Advisor to its Board of Directors.
Peter Leger, President and CEO
for Teras comments: "We are very pleased to have Dr. James Clark
join the Teras team. Dr. Clark brings years of specialized mining
experience to the company, which can play a key role in the
geological interpretation and determination of optimum processing
methodology for epithermal Au-Ag deposits like Cahuilla. We look
forward to moving Cahuilla to the next stage with the guidance of
Dr. Clark".
James G. Clark, Ph.D.
Dr. Clark has more than 30
years of mining industry experience, with extensive supervisory and
project management experience in exploration programs for precious
and base metals, specialty metals, and industrial minerals. He is
the Principal of Applied Petrographics, a company that provides
petrographic and mineralogical services to the mining industry for
purposes of exploration and mineral processing. Dr. Clark played a
key role in the initial discovery of the Bear Lodge Critical Rare
Earth resource in northeastern Wyoming. He managed all aspects of
Rare Element's successful exploration program on the property from
the exploration to the development stage. He has specific expertise
in the application of petrography and mineralogy to exploration and
mineral processing, and has developed cathodoluminescence (CL)
petrographic techniques that facilitate exploration of epithermal
Au-Ag vein systems. During his career Dr. Clark has worked or
consulted for a variety of mining companies, including Molycorp,
Barrick Gold, Newmont Mining, Hecla Mining, AngloGold, and CVRD, as
well as many smaller companies. He holds a Ph.D. in volcanic
geology and igneous petrology from the University of Oregon, an
M.S. in geological oceanography from Oregon State University, and a
B.S. in geology from The Ohio State University. He is a licensed
geologist in the state of Washington.
Teras continues to focus on
delivering shareholder value by developing its Cahuilla project
under the guidance of its well experienced team.
About Teras
Teras is focused on developing
its Cahuilla project located in Imperial County, California. The
project encompasses an area of at least 3 km by 1.5 km and Teras
believes that the Cahuilla project has the potential to develop
into a mining operation consisting of altered and mineralized
sedimentary and volcanic host rocks with numerous sheeted
high-grade quartz veins. Teras filed a NI 43-101 compliant
technical report with an indicated resource of 1.0 million ounces
of gold and 11.9 million ounces of silver on its Cahuilla project
(70 million tons at an average grade of 0.015 ounces per ton gold
and 0.17 ounces per ton silver with a cut-off of 0.008 ounces per
ton gold) and inferred class of 10 million tons grading 0.011 opt
gold and 0.10 opt silver. Gold equivalent ounces are 1.2 million
ounces in indicated class and 130,000 ounces in inferred class
using a ratio of 55 silver ounces to 1 gold ounce.
Dale A Vitone P. Eng.,
registered with the Association of Professional Engineers of
Ontario, Alberta and Northwest Territories and a director of Teras,
is the Company's nominated qualified person responsible for
monitoring the supervision and quality control of the programs
completed on the Company's properties. Mr. Vitone has reviewed and
verified the mining scientific and technical information contained
in this news release.
For
further project and corporate information, contact:
--------------------------
|Teras Resources Inc. | |
|Peter Leger, President| |
|(403) 262-8411 | |
|(403) 852-0644 | |
|Email: pleger@teras.ca| |
|Website: www.teras.ca | |
| | |
--------------------------
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy of accuracy of this news release.
This press release contains
"forward-looking information" within the meaning of applicable
Canadian securities legislation. All statements, other than
statements of historical fact, included herein are forward-looking
information. Generally, forward-looking information may be
identified by the use of forward-looking terminology such as
"plans", "goals", " expects" or "does not expect", "proposed",
"potential", "is expected", "budgets", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases, or by the use
of words or phrases which state that certain actions, events or
results may, could, would, or might occur or be achieved. In
particular, this press release contains forward-looking information
regarding the diamond drilling program being conducted by the
Company and the timing of results of such program; the potential of
the Company's Cahuilla project to develop into a mining operation;
and the Company's goals for the Cahuilla project. This
forward-looking information reflects the Company's current beliefs
and is based on information currently available to the Company and
on assumptions the Company believes are reasonable. These
assumptions include, but are not limited to, the availability of
third parties to conduct and evaluate the results of the diamond
drilling program; the actual results of exploration projects and
current exploration programs being equivalent to or better than
estimated results in technical reports or prior exploration
results; and future costs and expenses being based on historical
costs and expenses, adjusted for inflation. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information. Such risks and other factors may
include, but are not limited to: the early stage development of the
Company and its projects; general business, economic, competitive,
political and social uncertainties; commodity prices; the actual
results of current exploration and development or operational
activities; competition; changes in project parameters as plans
continue to be refined; accidents and other risks inherent in the
mining industry; lack of insurance; delay or failure to receive
board or regulatory approvals; changes in legislation, including
environmental legislation, affecting the Company; timing and
availability of external financing on acceptable terms; conclusions
of economic evaluations; and lack of qualified, skilled labour or
loss of key individuals. A description of other assumptions used to
develop such forward-looking information and a description of other
risk factors that may cause actual results to differ materially
from forward-looking information can be found in the Company's
disclosure documents on the SEDAR website at
www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
SOURCE: Teras Resources Inc.
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