X-Terra Resources begins launches MMI, humus and till sampling at Troilus East
X-Terra Resources begins launches MMI,
humus and till sampling at Troilus East
ROUYN-NORANDA, QC
,
Oct. 15, 2020
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announced it has commenced a strategic MMI,
humus and till sampling program over its 100% owned, 92 square kilometre Troilus East property
located on the Frotet Evans greenstone belt, located approximately 130 kilometres north of the town
of
Chibougamau
, Québec.
The program will cover (5) unique grids, including the new mineralized system discovered this past
summer, (See X-Terra press release dated
August 13, 2020
), with the goal of identifying drill targets
for a program to be launched later this year.
The highest priority target is located about three kilometres east of the Troilus deposit (Troilus Gold,
TSX: TLG) following the southwestern side of the property. The 2.2-kilometre-long target is based
on the discovery by surface exploration of a polymetallic signature (Cu, Ag, Au, W). The mixed
sequence of intermediate volcanic interlayered with dioritic intrusions identified in this area shares
many similarities with the Troilus deposit.
The four other sampling grids are distributed over a north-east structural corridor covering a strike
length of approximately 13 kilometres. Targets were identified through a previous till survey using
recovered gold grains. Despite the historical two kilometres spacing between lines, the systematic
location of gold grain counts adjacent to strong magnetic contrasts can be considered as an
indicator of a gold bearing structure.
This past summer's surface exploration program showed that the targeted areas had limited
outcrops such that additional sampling techniques need to be employed. Accordingly, X-Terra plans
to create a local dispersion train signature by increasing till sampling density to assess these targets
for eventual drilling. The use of high-density soil sampling should enable the identification of locations
where mineralization is more likely to occur at the surface where outcrops are very scarce.
Michael Ferreira
, President and Chief Executive Officer of X-Terra, stated; "The Frotet-Evans belt
has see a flurry of activity lately. The recent exploration success of Kenorland and most recently of
Troilus Gold, which keeps shedding light on the vast possibility of additional gold occurrences along
the underexplored greenstone belt. This survey will enable X-Terra to focus on key areas of the
property that have highlighted encouraging results and will serve as a stepping stone to the next
phase of exploration, which will include Troilus East's maiden drill program scheduled for later this
year. We now have two simultaneous exploration programs underway with the ongoing drill program
at the Grog and Northwest properties in
New Brunswick
, which will provide a great deal of news in
the coming months".
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 and the Troilus
East property, or if it does so, what benefits X-Terra will derive from the Grog and Northwest
Properties and the Troilus East 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'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/October2020/15/c2681.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 15-OCT-20