X-Terra Resources Begins a High Resolution Heliborne Geophysical Magnetic Survey Over the Grog Property
X-Terra Resources Begins a High Resolution
Heliborne Geophysical Magnetic Survey Over
the Grog Property
ROUYN-NORANDA, QC
,
Dec. 2, 2019
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) and
(FRANKFURT: XTR) is pleased to announce that it has commenced a high resolution heliborne
geophysical magnetic survey over the eastern portion of the Grog property located in the
Restigouche
county of
New Brunswick
, (see figure 1 below).
X-Terra Resources Begins a High Resolution Heliborne Geophysical Magnetic Survey Over the Grog
Property (CNW Group/X-Terra Resources Inc.)
The survey is being conducted by Prospectair Geosurveys using a heliborne strapped down non-
oriented sensor. The high sensitivity of this equipment will allow to detect weak magnetic contrasts
required to interpret geological structures.
The survey will consist of 700 line-kilometres that will be flown at 50-metre line spacing covering
approximately 31.5 km
2
, which will be completed before
December 7, 2019
.
The survey will serve to draw a preliminary geological and structural map combining the information
the ground crews have collected over the last two stripping and trenching programs. The knowledge
gained to date with field works highlights strong evidence of a possible relation between a large-
scale fold hinge and the concentration of gold bearing fracturing and alteration systems. Magnetic
patterns and contrasts will also help to define the extension of prospective trends.
Michael Ferreira
, President and CEO of X-Terra Resources states: "
This is an important step for
us, as we have already begun our targeting initiatives for the inaugural drill program. This quick
follow up serves as an ongoing compilation and understanding in order to define high quality gold
drill targets for near term drilling".
Qualified Person
Jeannot Théberge, P. Geo registered in the Provinces of Québec and
New Brunswick
, a consultant
to X-Terra Resources, a qualified person
under National Instrument 43
101 Standards of Disclosure
for Mineral Projects ("
NI 43-101
")
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 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,
including the results of
high resolution heliborne geophysical magnetic survey described in this press
release,
and development of the Grog Property, or if it does so, what benefits X-Terra Resources
will derive from the Grog Property. 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.
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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 02-DEC-19