Teras Resources Inc. announced favorable progress for both its Cahuilla and Watseca projects. On November 17, 2016, Teras reported positive results for its Cahuilla project from the September 2016 sampling program. Given the encouraging geochemical gold and silver surface sample assays, the Teras' technical team conducted two further site visits to Cahuilla in February and March 2017. Work conducted during the two recent field trips included more detailed geologic mapping and geochemical sampling within the newly recognized, highly prospective southwest areas: Central Canyon, Modoc Shaft Fault, and the West Ledges Fault. Samples are currently being analyzed at ALS Chemex in Reno, Nevada. The lab results are expected to be completed in the near term and Teras will report on the assays and further progress once received. The recent field work has better identified specific drill sites within these highly prospective exploration areas to target structurally hosted higher grade gold and silver mineralization. With respect to the Watseca project, on March 22, 2017 Teras issued a formal termination letter to the private company from Washington, DC who executed a Purchase and Sale agreement for the project on December 07, 2012. The agreement was terminated because the DC Company was unable to satisfy its financial obligations to Teras.