X-Terra Resources Completes Trenching Program at the Nortwest Property
X-TERRA RESOURCES COMPLETES
TRENCHING PROGRAM AT THE NORTWEST
PROPERTY
ROUYN-NORANDA, QC
,
Oct. 5, 2022
/CNW/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") has completed 100% of its planned trenching program at the
Northwest property located in
Restigouche
county,
New Brunswick
. The major highlight of the
program was the identification of a sub-outcropping quartz veins systems associated with carbonate
bearing alteration and sulfides where recent soil geochemistry results indicated a strong gold
signature.
A total of nine trenches were completed, totalling 491 metres covering eight gold in soil targets, a
common feature identified in the trenches was strong shearing, in addition to fault zones in
sediments. Targets are all located within one kilometre from the Northwest creek lineament which
runs along the property for more than five kilometres.
X-Terra notes that two trenches of the nine trenches were exceptional: TR-22-05 and TR-22-08A,
located at three kilometres from each other and on the eastern side of the Northwest Creek
lineament.
Northwest TR-22-05
The 62 metres long trench adequately intercepted the bedrock surface which was covered by two
metres of glacial sediments. An interval of approximately seven metres from 27 to 34 along the
trench highlighted a yellowish siliceous fine grain rock associated with abundant quartz veins and
veinlets. This unit is interlayered in a siliceous blue mudstone with sandy intervals. Remarkably,
some blocks collected from bedrock along the 10 metre zone highlighted the presence of pyrite
grains, galena and chalcopyrite associated with quartz veins veinlets.
Northwest TR-22-08
The 70 metres long trench was completed using an East-West orientation to crosscut a double gold
trend of soil anomalies. Field observations highlighted that the siliceous mudstone with fine
interbedded sandstone is affected by a moderate to strong carbonate-chlorite-sericite alteration
evolving towards an integral replacement of the sediments. This was observed over 16 metres and
associated with a disseminated halo. In addition, a stockwork zone filled with different generations of
quartz veining is centered on the alteration zone with an apparent width of approximately 10 metres
X-Terra has worked diligently over the last two years and employed different geological approaches
to identify an extensive gold system in different locations of the Northwest property. In 2021, X-
Terra drilled a series of holes approximately two and three kilometres north of the current trenching
area, called the RIM target. A gold bearing trend was intercepted with associated mafic dykes. That
particular RIM target drill program delivered three gold bearing intervals of 2.8 g/t, 3.15 g/t and 2.47
g/t over 0.55 metre, 0.4 and 0.4 metre respectively from hole RIM-21-05, which was centered on
0.12 g/t Au anomaly observed over 40 metres along the hole (see X-Terra press release of
May 12,
2021
).
Following these results, the geological team initiated a systematic exploration program on both sides
of the Northwest Creek lineament using an extensive soil geochemistry pattern. Following the
identification of correlated gold in soil anomalies, smaller and tighter grids were completed on a
series of five trends. Initial trenching demonstrated the increasing level of shearing and faulting
heading towards the Northwest Creek lineament giving the identification of a "mega shear" type
importance, in an area where no major structural features had been identified in the past.
"This is a true technical success. The trenching program was lead following coherent gold in soil
anomalies in an environment devoid of outcrop. Despite the challenges to reach the bedrock surface,
we succeeded to identify pervasive altered rocks over significant thicknesses ranging anywhere from
5 to 15 metres. The styles of quartz veinlets associated with the minor amounts of polymetallic small
grain sulfides carries many similar attributes to the historical RIM drilling program. We are looking
forward to receiving the assays in the coming weeks to further our exploration with drill testing."
stated
Michael Ferreira
, President and Chief Executive Officer of X-Terra.
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 any drilling programs) of the Northwest property, or if it does so, what
benefits X-Terra will derive from the Northwest property. 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/October2022/05/c4834.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 05-OCT-22