Day: January 17, 2014

Source Announces Signing of Drilling Contracts for Exploration at Las Minas Property

SOURCE EXPLORATION CORP. is pleased to announce the signing of a diamond drilling contract for commencement of its 2014 exploration program at the Las Minas property, Veracruz, State, Mexico. Source has contracted with K.D.L. Mexico S.A de C.V. for a minimum of 2,800 metres of drilling, scheduled to get underway in the fourth week of January. The main focus of the program will be on delineation of the higher-grade portions of skarn mineralization identified in earlier drilling at the Santa Cruz and Eldorado discovery areas, in preparation for an initial resource calculation on these zones.

Quaterra to Voluntarily Delist from the NYSE and Apply to Transfer to OTCQX Marketplace

Quaterra Resources Inc. today announced its intention to voluntarily delist its common shares from the NYSE MKT. The Company’s shares will continue to trade on the TSX Venture Exchange and the Company is applying to have its common shares traded on the OTCQX quotation system operated by the OTC Markets Group once the delisting from the NYSE MKT comes into effect. Scarsdale Equities LLC will act as the Company’s Principal American Liaison, responsible for providing guidance on OTCQX requirements.

Xtierra Inc.: Bilbao Project Update

Xtierra Inc. announces that following its recently announced US$500,000 short term financing the Company has prioritized all of its current resources on the completion of the economic study of its Bilbao project in Zacatecas, Mexico. A complete draft report is expected before the end of this month at which time the Company will review its future plans for Bilbao.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.