X-terra Resources Begins Drilling With Two Drills at the Grog and Northwest Properties in New Brunswick
X-terra Resources Begins Drilling With Two
Drills at the Grog and Northwest Properties in
New Brunswick
ROUYN-NORANDA, QC
,
Oct. 13, 2020
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") further to its news release dated
September 28, 2020
, has
officially started drilling the Rim vein target on the Northwest property and the Grog target on the
Grog property using two drills. The additional data obtained from the ground IP geophysics as well
as the geochemical sampling has strongly contributed to the final planning of this drill program.
The drill section planned over the Rim vein target covers approximately 500 metres following a west
north-west orientation cross cutting the main structural orientation. Gold bearing veins are believed
to be concordant or parallel to the sedimentary bedding.
Michael Ferreira
, President and Chief Executive Officer of X-Terra, stated; "X-Terra's exploration
team and drilling crews are excited to be drilling the Rim vein target which has never been drill
tested, and given the additional gold-in-soil anomalies, it highlights the compelling possibility of a
stacking of gold bearing veins below. The Rim vein target has yielded incredible gold grades from
4.5 g/t Au to 1,205 g/t Au with visible gold – (See X-Terra's press release dated
December 5,
2018
). Its fantastic that we were able to secure a second drill to begin drilling the Grog target at the
same time, as this should reduce the wait time for the first batch of results. Furthermore, this will be
X-Terra's largest drill program completed on any of its properties to date".
In additional news, X-Terra has mandated ExploLab of
Val d'Or
, Québec to carry out a bench scale
metallurgical test using 129 kilograms of material originating from the Rim vein to evaluate the
recovery model by gravimetric analysis. The goal of this metallurgical test at this early stage is to
determine how the material will respond to this conventional process and how much metal (gold) can
be recovered.
Qualified Person
Jeannot Théberge, P. Geo registered in the Provinces of Québec and
New-Brunswick
, a consultant
to X-Terra, 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.
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, including the exploration programs and
development (including any drilling programs) of the Grog and Northwest Properties, or if it does so,
what benefits X-Terra 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'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, 2019
, 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.
About X-Terra Resources Inc.
X-Terra is a resource company focused on acquiring and exploring precious metals properties in
Canada
.
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/October2020/13/c9895.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue, Rouyn-Noranda, Québec, J9X 6M8, Telephone: 819-762-4101 | Fax:
819-762-0097, E-mail: [email protected], Website: www.xterraresources.com
CO: X-Terra Resources Inc.
CNW 08:00e 13-OCT-20