X-Terra Resources Completes its Second Phase of Stripping and Trenching, and Has Increased the Size of the Ongoing Till Program
X-Terra Resources Completes its Second
Phase of Stripping and Trenching, and Has
Increased the Size of the Ongoing Till Program
ROUYN-NORANDA, QC
, Oct. 31, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) is pleased to announce that it has completed the second phase of its stripping
and trenching program whereas, over 20 additional trenches have been completed and over 335
samples have been collected. Samples have been sent to Agat Labs in
Mississauga
where they will
be analyzed for Gold by Fire Assay with ICP-OES (30g). They are also analyzed for pathfinder
elements with Sodium Peroxide Fusion method with ICP-OES and ICP-MS Finish (per sample).
In addition, X-Terra Resources announces that it will be expanding the ongoing till sampling program
being carried out by Inlandsis. An additional 150 samples will be collected in order to enlarge the
area of investigation and increase the likeliness to identify gold dispersion footprints in the surficial
deposits and generate new additional exploration targets.
Michael Ferreira
, President and CEO of X-Terra Resources states "Our methodical exploration
strategy is beginning to establish the regional gold potential of the Grog and Northwest properties.
With a district scale land package, we are excited by the magnitude of the regional gold bearing
footprint that has already been established. The next steps will be very important as we move
forward to generating additional targets for the inaugural drill program to be carried out over the
property in the coming months".
Qualified Person
Jeannot Théberge, P. Geo registered in the Provinces of Québec and
New-Brunswick
, a consultant
to X-Terra Resources, 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.
About X-Terra Resources Inc.
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and
energy properties in
Canada
.
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
Resources, 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 of the Grog and Northwest Properties, or if it does so, what benefits X-Terra
Resources 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 Resources' 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, 2018
, 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.
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/October2019/31/c0669.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 12:07e 31-OCT-19