X-Terra Resources Completes Geochemical Sampling at Grog and Northwest
X-TERRA RESOURCES COMPLETES
GEOCHEMICAL SAMPLING AT GROG AND
NORTHWEST
ROUYN-NORANDA, QC
,
July 14, 2022
/CNW/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce it has recently completed an additional
phase of infill geochemical sampling on the Grog and Northwest properties. Throughout this
program, 363 "B" horizon soil samples were collected, split between the Grog and Northwest
properties to validate and further improve the targets discovered through last years large scale
geochemical programs. Throughout the last program completed in Q4, 2021, numerous high priority
targets were identified on both properties (See X-Terra press releases dated
March 17, 2022
and
March 29, 2022
).
Grog
The 2020 and 2021 soil sampling programs identified a 2 kilometre wide gold-arsenic-antimony-soil
anomaly using a 300 metres widely spaced grid centered over the Grog gold showing. Before
carrying out additional drilling, X-Terra wanted to correctly assess and understand the gold footprint
and finalize the interpretation of lithological and structural controls related to the epithermal system
previously identified.
A total of 156 samples were collected over four grids targeting the areas centered on clusters of
gold values in soil obtained throughout the first phase of sampling with results ranging from 10 to 70
ppb. The proximity with existing trenches as well as drill results above 0.5 g/t Au was another
important factor considered for prioritizing targets. A shot gun approach with an average spacing of
30 metres between samples was utilized to cover the different possible structural interpretation of
gold trends.
Target
Grid size
Sampling target
Grog extension
200 m X 100 m
Extension to the south-west of the Grog gold showing (0.46 g/t over 31 metres as best result, see X-Terra press release dated May 5, 2020).
Grog East
300 m X 300 m
New north-east gold trend with a magnetic signature similar to the Grog showing.
Bellevue Nord
500 m X 200 m
Testing the east-west strong magnetic contrast as main local control for the gold mineralization.
Bellevue
1,000 m X 200 m
New target previously identified by one line of soil sampling.
Northwest
The 2021 property scale geochemistry survey was useful to identify gold in soil coherent with the
regional fold affecting the White Brook formation, which covers an area of about 8 square
kilometres. While the line spacing of 400 to 500 metres for this initial phase did not allow for
accurate line to line correlation, the targets selected for follow up sampling are based on close
repetition along lines of gold values ranging between 10 to 60 ppb.
A total of 207 samples were collected over 2 targets using 50 metres line spacing and 30 metres
between samples to validate and extend anomalies in overburden covered and unexplored areas.
Local trenching work done at the end of 2021 along the same magnetic trends revealed extensive
barren quartz veins systems.
Target
Grid size
Sampling target
Northwest Creek South
200 m X 100 m
Magnetic contrast area corresponding to a steep north-east topographic expression.
Line Eighteen
1,000 m X 300 m
Trend following a large-scale north-east strike slip magnetic trend.
"This phase of geochemical sampling was extremely important for X-Terra as it outlines with more
precision the gold signature which will improve our next phase of work. Geochemical has been by
far, the best adapted exploration method for the two properties and has improved X-Terra
understanding of the mineralized gold bearing corridors on the Grog property as well as on the
Northwest property. Ultimately, the results of this geochemical program will enable X-Terra to
proceed with a next round of diamond drilling" stated
Michael Ferreira
, President and Chief
Executive Officer of X-Terra.
Quality assurance/quality control
363 samples of "B" horizon soil were collected by X-Terra's technical team. 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 are being processed
at the Actlabs preparation facility in
Fredericton, New-Brunswick
, and directed to
Ancaster, Ontario
for geochemical analysis by INAA (Instrumental Neutron Activation Analysis). After drying and sieving
to -63 microns, samples will be irradiated and subsequently measured for the emitted gamma ray.
Qualified Person
Martin Demers
, P. Geo registered in the Provinces of Québec and
New-Brunswick
(APEGNB
#L5980), 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 from the soil sampling programs or 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, 2021
, 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/July2022/14/c4790.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue (back door), 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 14-JUL-22