X-Terra Resources Completes Reconnaissance Program at the Liberty Lithium Property IN James BAY, Quebec
X-TERRA RESOURCES COMPLETES
RECONNAISSANCE PROGRAM AT THE
LIBERTY LITHIUM PROPERTY IN JAMES BAY,
QUEBEC
ROUYN-NORANDA, QC
,
Nov. 22, 2022
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to report is has completed its reconnaissance program
over its 100% owned recently acquired Galli and Liberty Lithium projects in
James Bay
, Québec.
The short program served to identify and highlight the environment of the properties. The team
completed some reconnaissance via helicopter at low altitude following a predetermined flight plan to
systematically cover both the Galli and Liberty properties. In addition, where conditions allowed,
some geological features were observed.
The teams focused primarily on the Liberty property given its on-strike and proximity to the Winsome
Resources Adina project, which is currently undergoing a diamond drill program. Sporadic field
verifications were completed that followed the continuity of the Adina structural corridor which
extends onto the Liberty property. Importantly, one outcrop observed hosted local granite bearing
pegmatite with a biotite and muscovite assemblage.
X-Terra will be immediately moving forward with a follow up program comprising of helicopter-borne
magnetic survey in addition to a lidar survey. This next step will serve to define the limits of the
favorable granitic and pegmatite corridor.
Michael Ferreira
, President and Chief Executive Officer of X-Terra commented: "The program
provided useful and positive information at such an early stage despite the adverse weather
conditions. Furthermore, it will be essential in guiding us through the next phases of exploration for
the Liberty property".
Q
u
alified Person
Martin Demers
, 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
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 lithium and precious
metals 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 results from the helicopter-
assisted reconnaissance prospecting program over the Galli and Liberty lithium projects, the
expected exploration programs in the spring of 2023, and the timing thereof, and development
(including any drilling programs) of the Galli and Liberty lithium projects, or if it does so, what
benefits X-Terra Resources will derive from these lithium projects. 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 Resources' 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 Resources does not intend, nor does X-Terra Resources 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
SOURCE
X-Terra Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/November2022/22/c3875.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, E-mail:
[email protected], Website: www.xterraresources.com
CO: X-Terra Resources Inc.
CNW 08:00e 22-NOV-22