X-Terra Resources Congratulates Winsome ON Major Discovery at Adina Lithium Project and Signs Geophysical Contract
X-TERRA RESOURCES CONGRATULATES
WINSOME ON MAJOR DISCOVERY AT ADINA
LITHIUM PROJECT AND SIGNS
GEOPHYSICAL CONTRACT
ROUYN-NORANDA, QC
,
Jan. 10, 2023
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is excited by the recent Winsome Resources (ASX: WR1) drill
results which announced discovery hole AD-22-005 at its Adina project with mineralization grading
1.34% Li2O over 107.6 metres (see Winsome press release dated
January 6, 2023
). The Adina
project lies directly adjacent and on strike to X-Terra's 100% owned Liberty Lithium property in
James Bay
region, Québec (see X-Terra's press release dated
June 8, 2022
). This new information
along with the location of the numerous pending assays from Winsome will play a significant role in
X-Terra's forthcoming exploration campaign.
"We have been looking forward to the release of these results since the recent drilling announcement
Winsome made back in
October 2022
. This is another world class drill hole for Lithium in
James Bay
and our excitement only continues to grow knowing that we are very well positioned to expand the
Adina major lithium pegmatite system." Stated
Michael Ferreira
, President and Chief Executive
Officer of X-Terra.
To accelerate the exploration process, X-Terra recently signed a contract with Prospectair
Geosurveys to carry out a high resolution heliborne magnetic survey over the Liberty project as well
as its other lithium properties in the
James Bay
region of the province of Québec.
The survey is for a total of 2,496 line kilometres. Furthermore, in order to acquire detailed
information over the Liberty project, 50 metre line spacing was used, as this has proved to be the
most important factor in interpreting structures and rock formations, especially where rocks are not
outcropping. X-Terra will communicate the results as soon as the contractor provides the final report
which is expected in the coming weeks.
Q
u
alified Person
Jeannot Théberge, P. Geo registered in the Province of Québec, a consultant to X-Terra, 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
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and
Lithium 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 any exploration programs on or the
development of the Liberty Lithium property or the other X-Terra's lithium properties in the
James
Bay
region (collectively, the "
X-Terra Lithium Properties
"), the results from exploration assays, the
timing of the exploration programs and development of the X-Terra Lithium Properties, or what
benefits X-Terra will derive from the X-Terra Lithium 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 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
Website:
www.xterraresources.com
SOURCE
X-Terra Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/January2023/10/c0209.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:
CO: X-Terra Resources Inc.
CNW 08:00e 10-JAN-23