X-Terra Resources completes geochemical and ground geophysics at Grog, expands drilling plans
X-Terra Resources completes geochemical
and ground geophysics at Grog, expands
drilling plans
ROUYN-NORANDA, QC
,
Sept. 21, 2020
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce the results of its geochemical sampling
program along with the additional IP ground geophysics. These programs were designed to further
validate targets for the second drill program at the Grog epithermal system and to evaluate the first
ever drilling over the high-grade Rim vein target at Northwest (see X-Terra' s press release dated
December 5, 2018
).
Highlights
X-Terra has increased the size of the original drill program (11 holes) to a total of 20 holes,
which include 4 shallow holes of 100 metres at the Rim target and 16 holes ranging from
150 metres to 300 metres, at the Grog Target
Gold-in-soil anomalies above the Rim vein in addition to 4 other gold occurrences highlight the
stacking possibility of additional gold bearing veins
The Grog and Northwest property is comprised of 36 claims totalling approximately 245 square
kilometres, located in the Restigouche County in northwestern
New Brunswick
and located
approximately 100 kilometres west of the
Bathurst
mining camp.
"The correlation obtained during this phase of works between low mag, high resistivity and gold-
arsenic-anomaly at the margin can be considered a significant step up in our understanding of the
Grog system. Not only was the kilometric strike length of the known gold system reached and
confirmed by a common signature, but our hypothesis was validated that two other parallel trends of
the same orientation and thickness creating a 5 km
2
target. This threshold was an important step to
reach considering that, this scale is widely accepted as precedent for exploring a deposit of a
significant size" stated
Michael Ferreira
, President and Chief Executive Officer of X-Terra.
Grog
At Grog, a total of one hundred twenty-eight (128) geochemical samples were collected over three
(3) parallel lines with approximately 150 metres between lines and samples taken every 25 metres.
The objective was not only to confirm the position of the Grog gold bearing structure but to test and
confirm the possibility of parallel signatures that X-Terra identified through its 3-D magnetic inversion
analysis. The "B" horizon samples were assayed by neutronic activation (INAA), which allowed X-
Terra to determine rock types, alteration patterns and precise levels of pathfinder elements, such as
gold (Au), Arsenic (As) and Antimony (Sb). The results yielded values up to 36 ppb Au, 291 ppm As
and 25.8 ppm Sb.
Elevated gold anomalies were identified on two of the three lines, mainly centered on the Grog
target, where a northernly oriented mineralized trend returned a first drill result of 0.46 g/t Au over
31 metres during the first ever drill program (see X-Terra's press release dated
May 5, 2020
). The
arsenic and antimony elements complement the signature offering a better continuity of the identified
Grog target. The combined, superimposed Au-As-Sb anomaly now outlines this target to 250 metres
in width while also extending it approximately 750 metres. Excitingly enough, the same type of
anomaly was able to be identified 700 metres east-south-east of the Grog target on a parallel trend.
Four (4) lines of Induced Polarization (IP) ground geophysics were also completed, totalling 5-line
kilometres. The spacing between the survey lines was 300 metres and the results highlighted very
clear windows of resistive host rocks corresponding to silicified sediments.
While the combination of gold results from the new survey recently completed to that of the survey
completed in 2017 is somewhat incompatible for gold, due to the different methodologies that were
applied, the combination of other indicators like arsenic and antimony (As, Sb) fit not only with
bedrock structures mapped in the field but also with the geophysics. When all of these elements are
taken into account, the overall Grog footprint can be extended five (5) kilometres north-south and
two (2) kilometres east-west.
By completing this detailed interpretation with all the data available, X-Terra has been able to outline
up to 16 drill targets at Grog that will not only follow up on the initial discovery (see X-Terra's press
release dated
May 5, 2020
) but also the two additional parallel trends to Grog. See map and
results below:
X-Terra Resources completes geochemical and ground geophysics at Grog, expands drilling plans
(CNW Group/X-Terra Resources Inc.)
Northwest
The Rim vein showing has finally been targeted for a first ever drill test on the Northwest property.
The vein is part of a regionally scattered gold bearing quartz vein system, generally oriented parallel
to the north-east McKenzie regional fault. The Rim vein showings position corresponds to a
distinctive magnetic contrast suspected to correspond to an unmapped strike slip fault. An initial chip
sampling program completed on the Rim vein returned gold grades ranging from 4,5 g/t Au up to
1,205.06 g/t Au (see X-Terra's press release dated
December 5, 2018
).
Twenty-four (24) soil samples were collected on one 600 metres long line using 25 metres spacing
between samples. The objective of the survey was to test the stacking possibility of parallel veins to
Rim by sampling perpendicular to the vein orientation. The results yielded five (5) samples that
identified as distinct gold-in-soil anomalies, including one directly above the Rim vein. These distinct
gold-in-soil anomalies including the sample above the rim vein are spaced between 50 and 200
metres apart. See map and results below:
X-Terra Resources completes geochemical and ground geophysics at Grog, expands drilling plans
(CNW Group/X-Terra Resources Inc.)
The drill plan for this target includes four (4) shallow holes of 100 metres, which is designed with the
goal of testing the down dip projection of soil anomalies and identify the possibility of additional gold
bearing quartz veins.
Quality assurance/quality control
152 samples of "B" horizon soil were collected
between July 23 and July 30, 2020
by Terrane
Geoscience. Samples recovered weighted between 300 and 500 gr. During sampling, tags were
randomized with blanks and field duplicates inserted at respectively twenty (20) and ten (10)
samples. Samples were processed at the Actlabs preparation facility in
Fredericton, New-
Brunswick
, and directed to
Ancaster, Ontario
for geochemical analysis. After drying and sieving to -
63 microns, samples were irradiated and subsequently measured for the emitted gamma ray.
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.
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%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 10:03e 21-SEP-20