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UPDATE: Teras Down About 4% Despite Geophysical Survey Results from Cahuilla

Teras Resources Inc. (TRA.V) reported the results of a magnetotelluric survey recently conducted at the Cahuilla gold/silver project in Imperial County, California.

The company said that the survey, conducted by Zonge International, is "remarkably positive" and has identified multiple apparent new precious metal targets including the potential location of deep high grade feeder zones throughout the project area.

TRA fell to 52 cents by about 4% despite the announcement. It is trading near 52-week low 44 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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