X-Terra Resources announces strategic collaboration with the University of New Brunswick
X-Terra Resources announces strategic
collaboration with the University of New
Brunswick
ROUYN-NORANDA, QC
, Nov. 13, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) is pleased to announce that it has entered into a strategic collaboration with the
University of New Brunswick
. This arrangement includes research and development work with Dr.
David Lentz
, Ph D, P. Geo, UNB's Research Chair in Economic Geology.
Dr. Lentz has extensive research experience in understanding the evolution of ore deposits of
New
Brunswick
, including in the
Bathurst
mining camp. His current interests are concentrated on the
relationship between the evolution of fertile granite emplacement and associated porphyry and skarn
systems hosting copper-molybdenum-gold and tin-tungsten-molybdenum-gold mineralized systems.
Thus far, the Grog and Northwest properties under option by X-Terra Resources have highlighted
epithermal hydrothermal gold mineralization in a geological environment distinctive from other
orogenic gold-bearing quartz veins systems identified in the region. The geological teams recent field
work has been focusing on the extensive porphyritic dyke swarms spatially related to the regional
McKenzie Fault to track gold mineralization.
Michael Ferreira
, President and CEO of X-Terra Resources states, "We are very happy to be
working with Dr. Lentz and his research team at the
University of New Brunswick
, as it will enable X-
Terra to move forward and gain tremendous geological insight and robust geological data to support
our exploration approach moving forward."
Dr.
David Lentz
states, "This is an exciting area with significant gold and base-metal potential,
especially given recent grassroots success in this region; we very much look forward to working
closely with the X-Terra Resources team to enhance exploration success in
Northwestern New
Brunswick
"
X-Terra Resources would also like to congratulate Troilus Gold Corp. on their new mineral resource
estimate of 4.71 million indicated AuEq ounces and 1.76 million inferred AuEq ounces at their Troilus
Gold Project, Québec (See Troilus Gold Corp's news release dated November 12, 2019), a project
located adjacent to X-Terra's 93km
2
Troilus East gold project.
About X-Terra Resources Inc.
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and
energy 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
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 exploration programs and
development of the Grog and Northwest Properties, or if it does so, what benefits X-Terra
Resources will derive from the Grog and Northwest Properties. 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's Annual Report for the fiscal year ended
December 31, 2018
, 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.
Website:
www.xterraresources.com
SOURCE
X-Terra Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/November2019/13/c8158.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Mr. Michael Ferreira, President & Chief
Executive Officer, 139 Québec Avenue, Suite 202, Rouyn-Noranda, Québec, J9X 6M8, Telephone:
819-762-4101, Fax: 819-762-0097, E-mail: [email protected]
CO: X-Terra Resources Inc.
CNW 09:00e 13-NOV-19