X-Terra Resources Acquires Claims East of Adina Lithium Project
X-TERRA RESOURCES ACQUIRES CLAIMS
EAST OF ADINA LITHIUM PROJECT
ROUYN-NORANDA, QC
,
June 8, 2022
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("X-Terra") is pleased to announce it has acquired another Lithium property
immediately east of the Lithium Metal Tech Ltd Adina Lithium project located in
James Bay
, Québec.
This is in addition the recently acquired claim blocks totalling over 10,000 hectares located in the
James Bay
region of northern Québec that are collectively known as the Triple Lithium Project (see
press release dated
June 2, 2022
).
X-Terra received confirmation from the Ministère de l'Énergie et des ressources Naturelles du
Québec (the "MERN") for 38 designated claims adjoining to the east the Lithium Metals Tech Adina
project. The area covers approximately 2,018 hectares located about 60 kilometres south of the
Trans-Taiga Highway.
The geological context of where these claims are located was recognized by provincial geological
mapping as a contact between a volcanic unit to the south (Trieste Formation) and a tonalite and
granodiorite intrusions (
Joubert Suite
). The Adina Lithium bearing pegmatites, found approximately
2.5 kilometres along strike to the west, is located very close to this contact. According to the
Sigéom database, the Adina Lithium pegmatite system was discovered in 2014 during a regional
mapping program by the MERN. At that specific location, the initial survey highlighted the indication
of multiple dykes which are scattered over an area of about two square kilometres. The lithium
mineralization is represented by spodumene, associated by varied accessory minerals such as
tourmaline and apatite.
X-Terra has secured control of approximately three kilometres of the targeted contact. And upon
further examination of high-resolution aerial imagery, the area presents numerous prospects for
large pegmatite intrusions.
Michael Ferreira
, President and Chief Executive Officer of X-Terra commented: "Adding another
promising Lithium project to our property portfolio expands our diversification strategy and continues
to add opportunities for our shareholders. We look forward to beginning our exploration on our newly
acquired lithium properties in the coming weeks."
Q
u
alified Person
Jeannot Théberge, P. Geo registered in the Province of Québec, a consultant to X-Terra, a qualified
person
under National Instrument 43
101 Standards of Disclosure for Mineral Projects
has
reviewed the technical contents of this news release and has approved the disclosure of the
technical information contained herein.
About X-Terra
X-Terra is a resource company focused on acquiring and exploring precious metals properties in
Canada
.
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,
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. 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's control. These risks, uncertainties and
assumptions include, but are not limited to, those described under "Financial Instruments" and
"Risk and Uncertainties in X-Terra's Annual Report for the fiscal year ended
December 31, 2021
, 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 does not
intend, nor does X-Terra 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.
View original content:
http://www.newswire.ca/en/releases/archive/June2022/08/c2030.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue (back door), Rouyn-Noranda, Québec, J9X 6M8, E-mail:
[email protected], Website: www.xterraresources.com
CO: X-Terra Resources Inc.
CNW 08:00e 08-JUN-22