X-Terra Resources Completes a Heliborne Time-Domain Electromagnetic Survey on its Troilus-East Property
X-Terra Resources Completes a Heliborne
Time-Domain Electromagnetic Survey on its
Troilus-East Property
ROUYN-NORANDA, QC
,
May 15, 2019
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) and
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce it has received the final results with respect
to its heliborne time-domain electromagnetic survey on its 100% owned Troilus East Property.
Based on the results of this survey X-Terra has acquired by map staking an additional 31 mining
claims increasing the size of its Troilus-East Property to almost 7,000 hectares.
The Troilus-East Property is located less than two kilometres from the former Troilus mine (
2M
oz
Au + 70,000 tons of Cu) in the province of Québec, now owned by Troilus Gold Corp. where Troilus
Gold Corp. recently announced drill results of 136 metres of 1.1 g/t Au Eq (see Troilus Gold Corp
press release dated May 7, 2019).
According to the final report of the heliborne time-domain electromagnetic survey, some EM
anomalies can be followed on more than one line and outline conductive lineaments. In addition, most
of the EM anomalies are located in close proximity to magnetic anomalies, which indicates that
sulphides (including pyrrhotite) are likely to compose at least part of the conductive sources. Based
on the results of this heliborne time-domain electromagnetic survey and of its recently completed
detailed airborne magnetic survey (See X-Terra's press release dated January 23, 2019), X-Terra
intends to perform an exploration program during the 2019 summer on its Troilus-East Property to
identify additional geological contexts with similar characteristics to that of the Troilus gold-copper
mineral deposit.
X-Terra is also pleased to report that Mr.
Robert Fraser
will be a consultant to X-Terra for its
Troilus East Property. Mr. Fraser, a Professional Geologist, APGO Reg. #0301, was instrumental
in the exploration and evaluation of the Frotet-Evans greenstone belt for
Kerr Addison Mines
between 1984-1988 and Minnova Inc. which included the discovery of the past producing Troilus
Gold Copper mine. Mr. Fraser's extensive knowledge of the geology in the area including satellite
occurrences, including the host wall rocks and associated alteration, will bring a wealth of knowledge
and exploration experience for the advancement of X-Terra's 100% owned Troilus East Property.
"We are extremely pleased Mr. Fraser has decided to work with X-Terra's team on its Troilus East
Property. His contribution will play an important role in X-Terra's exploration efforts for this upcoming
exploration season" stated
Michael Ferreira
, President and Chief Executive Officer of X-Terra
Resources.
Qualified person
Mr. Jeannot Théberge, P. Geo, a consultant to X-Terra Resources, is the qualified person for the
Troilus-East Property under National Instrument 43-101 -
Standards of Disclosure for Mineral
Projects
, responsible for 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
.
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/May2019/15/c8728.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 08:34e 15-MAY-19