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Quaterra Resources's joint venture partner Grand Portage provides assay results

Quaterra Resources announced its joint venture partner Grande Portage Resources has released new assay results from four additional diamond drill holes from the Deep Trench vein and six from the Main Vein on its Herbert Glacier gold project located 30 kilometers north of Juneau, Alaska. Hole 326B2, drilled on the western Deep Trench vein, intersected rich mineralization consisting of 11.58 meters of 24.37 grams per tonne gold, 0.712 ounces per ton, in a shear zone with quartz veins containing visible gold. One sample within this interval returned 364 grams per tonne, 10.63 ounces per ton, over 0.71 meters. Grande Portage recently completed seven holes from the J Pad on the Goat Creek vein, the northernmost of the five parallel mesothermal veins that make up the Herbert Glacier project. All J Pad drill holes have intersected mineralized structures with several having intercepts containing visible gold. These strong early results of drilling on the Goat Vein are extremely encouraging. Assays are now pending.