X-Terra Identifies Lithium Potential at Troilus East
X-TERRA IDENTIFIES LITHIUM POTENTIAL AT
TROILUS EAST
ROUYN-NORANDA, QC
,
June 5, 2023
/CNW/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
" or the "
Company
") is pleased to report that it has identified
significant lithium potential at its 100%-owned Troilus East Property in
James Bay
, Québec,
following a review of Company results from previous exploration at Troilus East that focused only on
its gold-copper potential.
Troilus East is located approximately 285 km southwest of X-Terra's flagship Liberty Property
bordering Winsome Resources' Adina discovery. Notably, Troilus East is contiguous to the eastern
boundary of a large gold deposit being advanced to the Feasibility Stage by Troilus Gold and lies on
the contact of a large granitic intrusion, known as the Parker Pluton, and the Frotet-Evans
Greenstone Belt.
X-Terra's compilation for lithium over the ~100
sq.
km Troilus East Property was sparked by
the recent Sayona transaction
(refer to Troilus Gold news release dated Nov. 16, 2022) where
Troilus Gold announced the sale of select properties to emerging producer Sayona Mining for
$40
million (
see attached map
).
Mr.
Michael Ferreira
, X-Terra President & CEO, commented: "With our focus on the Liberty Lithium
Property as we quickly transition to Comet Lithium (refer to
April 20, 2023
, and
May 19, 2023
, X-
Terra news releases), the discovery of lithium potential at Troilus East, combined with its already
known gold-copper potential, makes this an extremely compelling #2 project for the Company. We
are exploring multiple options to unlock the full potential value of Troilus East for shareholders."
Troilus East Lithium Highlights:
1
.
The property has never been explored for lithium despite being located nearly along strike and
inside the same geological units as spodumene-bearing pegmatites of Lac Moblan located
about 50 km south of the property;
2
.
Geological mapping at Troilus East shows granitic dykes and occasional pegmatite veins
intruded in mafic rocks, an environment often mentioned in spodumene-bearing cases in the
James Bay
region;
3
.
95 samples among 475 surface samples across the property, taken by X-Terra in 2020
targeting gold-copper, are anomalous in lithium above 30 ppm and up to 248 ppm. They are
mostly composed of basalt with quartz veinlets. This initial prospecting was oriented toward
gold-copper and did not consider pegmatites as prospective targets;
4
.
Five (5) lithium target areas have initially been identified based on clusters of lithium values. Two
of them are located inside the Parker granite, two others are located close to lenticular granitic
intrusion-hosted mafic terrains.
5
.
Elements such as
scandium
(Sc, up to 964 ppm), tin (Sn, up to 1,100 ppm) and
tungsten
(W,
up to 100 ppm) are present in the environment of some of the targets, showing the potential
influence of a large, possibly zoned magmatic system;
6
.
X-Terra is currently reviewing options for a near-term follow-up program dedicated to the lithium
potential at Troilus East that would include testing of mapped granites and pegmatite vein
swarms.
Troilus East Project & Surrounding Area – Frotet-Evans Greenstone Belt.
*Map claim information
generated from: https://gestim.mines.gouv.qc.ca/. Troilus Gold resource information generated from:
https://www.troilusgold.com/troilus-gold-project/#geology-and-mineral-resources (CNW Group/X-
Terra Resources Inc.)
Troilus East Lithium Targets
Five separate target areas identified to date follow a northeast alignment along the eastern flank of
the Parker intrusion over a strike length of about 20 km. They are based on a minimum of two
samples with Li assays above 53 ppm. The follow-up objective will be to evaluate potential
magmatic sources of lithium anomalies observed in the volcanic environment.
Target
Location
Signature
Environment
Features
Lac Diane
540370E –
5649300N
Li: 50 to 70ppm
Sc: 55 to 100ppm
Southern limit of
the Parker Pluton
Andesite,
affected by
calc-silicate
alteration and
metamorphism
Parker 1
542280E –
5651100N
Li: 57 to 67ppm
Internal area of
the Parker
intrusion
Granite and
tonalite
Mésière
551000E –
5655350N
Li: 54 to 248ppm
Spatially
associated with a
mapped lenticular
granitic body
Biotite
alteration
affecting mafic
intrusions;
higher values
hosted in
quartz-
feldspar vein
Dionne Fault
552075E –
5658350N
Li: 56 to 98ppm
Spatially
associated with a
northeast
lenticular granitic
body at the apex
of the Parker
Pluton
Biotite
alteration in
mafic
intrusions and
volcanics
Gilbert Fault
556150E –
5660230N
Li: 55 to 71ppm
Sc: 65ppm
Spatially
associated with
east-west Gilbert
Fault
Calc-silicate
alteration with
biotite in mafic
volcanics
2020 Troilus East Sampling
Surface sample results used for this preliminary assessment of the lithium potential at Troilus East
were generated by X-Terra during the summer of 2020. The program that year tested an area
located immediately south of the Parker intrusion in the Parker Volcanic Formation composed of a
mafic to felsic sequence known to host copper-zinc mineralization. East of the Parker intrusion, part
of the extensive Mésière Formation comprising basalt alternating with magnetic gabbro sills was
covered sporadically by sampling in the search for a gold-bearing system.
A total of 475 samples were taken during this initial program, including coverage of 25 felsic
intrusions of different types. Most samples were of variably pyritized upper greenschist
metamorphosed volcanic units, mostly of mafic composition. Samples were assayed for a wide
variety of elements using a peroxide fusion assaying method. The preliminary review of data
indicates a strong lithium background with 95 samples containing lithium concentrations above
30 ppm. Sporadically, scandium values above 60 ppm are spatially associated with high lithium
content with the highest value of 964 ppm in sample E6538051*. Tin anomalies were obtained
locally with concentrations above 10 ppm, and a mineralized occurrence as found inside the Mésière
Formation giving 0.114% Sn from sample E6538056*. Tungsten anomalies reaching at least 20 ppm
(highest concentration of 107 ppm) were observed south of the Parker intrusion.
The Parker intrusion can be interpreted as a composite intrusion which includes late tectonic coarse-
crystallized dykes and masses observed at its southern contact and at different locations along the
eastern contacts. It is not clear at this stage if this intrusive phase is related with the lithium anomaly
and associated elements which suggest a strong magmatic footprint in surrounding volcanic rocks.
Note: elemental results reported were not controlled by a QA/QC program using blank and standard
material inserted in the sampling chain. These initial results were also not validated by duplicate
sampling. Assays results were produced by AGAT Laboratories.
* From: Campagne d'échantillonnage 2020-2021, projet Troilus Est. GM 72758, 2022. Demers, M.
Sigéom.mines.gouv.qc.ca
Q
u
alified Person
Martin Demers
, P. Geo (ogq #770, APEGNB L5980, PGO #3785), registered in the Provinces of
Québec,
Ontario
and
New-Brunswick
, a consultant to X-Terra Resources, is a qualified person
under National Instrument 43
–
101 - Standards of Disclosure for Mineral Projects.
He has reviewed
the technical contents of this news release and has approved the disclosure of the technical
information contained herein.
About X-Terra Resources Inc.
X-Terra Resources is a well-structured publicly listed resource company with projects in the James
Bay Lithium District in
Quebec
as well as in
New Brunswick
(precious metals). Advancing its projects
with thoughtful and technical rigor, X-Terra strives to discover and delineate new compliant
resources, creating value for its shareholders.
Website:
www.xterraresources.com
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking information may include,
among others, statements regarding the future plans, costs, objectives or performance of X-Terra
Resources, or the assumptions underlying any of the foregoing. In this news release, words such
as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan",
"estimate" and similar words and the negative form thereof are used to identify forward-looking
statements. Forward-looking statements should not be read as guarantees of future performance
or results, and will not necessarily be accurate indications of whether, or the times at or by which,
such future performance will be achieved. No assurance can be given that any events anticipated
by the forward-looking information will transpire or occur, including the timing for holding the
Meeting, the voting results of the Meeting, obtaining regulatory and shareholders' approvals for the
Name Change. Forward-looking information is based on information available at the time and/or
management's good-faith belief with respect to future events and are subject to known or unknown
risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond X-
Terra Resources' control. These risks, uncertainties and assumptions include, but are not limited
to, those described under "Financial Instruments" and "Risk and Uncertainties in X-Terra
Resources' Annual Report for the fiscal year ended
December 31, 2022
, a copy of which is
available on SEDAR at
www.sedar.com
, and could cause actual events or results to differ
materially from those projected in any forward-looking statements. X-Terra Resources does not
intend, nor does X-Terra Resources undertake any obligation, to update or revise any forward-
looking information contained in this news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
the release.
SOURCE
X-Terra Resources Inc.
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For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue (back door), Rouyn-Noranda, Québec, J9X 6M8, Email:
[email protected], Website: www.xterraresources.com; MarketSmart Communications Inc.,
Adrian Sydenham, Toll-free: 1-877-261-4466, Email: [email protected]
CO: X-Terra Resources Inc.
CNW 08:00e 05-JUN-23