X-Terra Resources Defines Gold Drilling Targets on the Grog and Northwest Properties
X-Terra Resources Defines Gold Drilling
Targets on the Grog and Northwest Properties
ROUYN-NORANDA, QC
,
Jan. 7, 2020
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) is pleased to announce that it has defined several high priority gold drilling
targets on its road-accessible Grog and Northwest properties, located in Restigouche County in the
province of
New Brunswick
. The targets were defined as a result of the fieldwork and data
processing completed throughout the 2019 exploration program. Winter drilling will allow to
accelerate the exploration process and continue to generate high quality sampling in areas previously
identified as gold-bearing.
Geochemical surveys, high resolution magnetic survey and induced polarization were completed
across the Grog and Northwest properties, in addition to the trenching and structural mapping that
were completed to produce a first drilling plan. The Grog and Northwest properties are
characterized by a one to two metres thick soil and overburden blanket without nearly any
outcropping areas. This situation creates both an opportunity and a challenge for exploration by
making the classic "hammer and boot" prospecting more challenging. Identification of targets needed
to be supported heavily on indirect exploration methods, such as, geochemistry and geophysics
followed by drilling.
Grog gold mineralization targets
correspond to an area of about 6 kilometres along the East
to Northeast McKenzie Fault Zone. The mineralized system is not attached to a unique structure
and remain inside a one kilometre-wide favorable corridor marked by a complex folding pattern
with associated shear zones. A feldspathic dyke swarm event runs all along the targets
associated with clay alteration, open space filling quartz veining marked by brecciation and
sulfidation. The gold-bearing system can be tracked using arsenic and antimony as pathfinders.
The Northwest veins system
is located about 25 kilometres further south in a distinct
geological environment composed of wacke sediments metamorphosed to the greenschist
metamorphism facies. In this context, low sulfides, free gold-bearing quartz veins are hosted in
strongly dipping shear zones marked locally by drag folding. Chlorite group minerals are the
main component of the alteration system.
While early, the drilling proposal is supported by multiple field evidences such as the gold enrichment
observed with lithological contacts, shearing and particular alteration assemblages. Structural
information obtained during the 2019 field exploration program allowed to give an orientation for
each target.
"The 2019 exploration program on the Grog and Northwest properties was very successful and to
further delineate these first drill targets is a true testament to the hard work the entire team has
done. Some of the targets identified exhibit the geological characteristics required for a porphyritic-
epithermal connection, however, other sectors of the properties advocate more for an intrusion
related gold deposit context. In addition, this will be the first time any drilling has taken place over
the Grog Property", stated
Michael Ferreira
, President and Chief Executive Officer of X-Terra
Resources.
The objective of these first drill holes is to confirm the position of gold-bearing structures, evaluate
the geometrical parameters such as dip and thickness, and recover information that will validate
geological controls on gold mineralization.
Six distinct high-priority targets were modelled to be tested first with one or two shallow drill holes.
X-Terra Resources' plan is to drill between one and three shallows holes per target.
Targets
Host rocks
Geochemical signature and
alteration
Host structure
Mineralization
environment
Northwest
26
Greenschist sediments
Au, chlorite alteration
N-NE strongly dipping shear zone along a folded contact
Orogenic quartz veins
Dyke swarm
Feldspathic dykes/hornfels
As-Sb, hornfels alteration
Dykes contacts corresponding to a strong chargeability
contrast.
Intrusion related
Bellevue
South
Conglomerate/shear zones
Au-As-Sb, clay alteration
Shear zone cross cutting a fold hinge
Epithermal veins
Bellevue
North
Conglomerate/shear zones
Au-As, clay alteration
Shear zone cross cutting a fold hinge
Epithermal veins
Grog
Conglomerate/feldspathic
dykes
Au-As-Sb, clay, silicification
Shear zone cross cutting a fold hinge
Epithermal veins
TR-8
Conglomerate
Au-As-Sb, clay, silicification
Sediments contacts with a strong chargeability contrast.
Epithermal veins
Prospective structures were firstly identified with strong chargeability contrasts along property wide
dipole-dipole induced polarization survey lines. Further trenching on selected anomalies made the
contact with different sulfides bearing, alteration and locally strongly faulted environments.
Systematic sampling along 20 to 200 metres lines returned varied levels of gold, arsenic and
antimony enrichment.
The final targeting used the last detailed airborne magnetic survey produced at 50 metres spacing
over 701 line kilometres interpreted with the help of structural measurements and geological
mapping from each trench.
Drilling priorities
Northwest 26
target
: High grade gold values were obtained from four sub-outcropping quartz vein
occurrences scattered within a five kilometre by five kilometre area. For all cases identified to date,
gold enrichment values up to 207.6 g/t Au from chip samples and boulder samples were obtained
from individual 0.1 to 0.3 metre wide veins.
The northwest trench No 26 result (4.5 g/t Au) is associated with a 10 metre-wide quartz vein
networks following a chlorite rich shear zone (see X-Terra Resources press release dated
November 27, 2019
). Drill holes planned should prove the repetition and consistency of gold grades
inside the vein system (See link:
https://www.xterraresources.com/pdfs/Drill-Targets-2020-XTT-NB-TRENCH-26.pdf
).
Dyke swarm Target
: Strong arsenic and gold geochemical anomalies are associated with a
feldspathic dyke swarm highlighting a north to north-south orientation. A strong brecciation
associated with clay, silica and pyrite alteration was identified at the limit of accessible ground for
trenching. Drilling will cross-cut this 60 to 100 metre area bounded by strong mineralization
indicators.
Bellevue North
& South Targets:
The area is located approximately two kilometres north of the
Dykes swarm showing. Initial roadside prospecting returned 1 to 2.87 g/t Au boulders. Initial
trenching has intercepted a series of gold values between 0.3 and 0.8 g/t forming locally five metres
wide interval. Target modelling indicates a strong control by a north-east shear zone developed
inside a silicified and argilized conglomerate. Both gold showings can belong to similar parallel
structures according to the current interpretation. The distance between them reaches approximately
600 metres. The drilling strategy aims to cut entirely the gold-bearing structure thickness.
Grog Target:
The Grog showing area is located approximately 700 metres north of the Bellevue
showing. Actual trenching patterns returned gold values up to 3.7 g/t Au partly hosted in argilized
strongly dipping feldspathic dykes, and partly in silicified conglomerates extending over
approximately 500 metres. Structural observations have indicated the importance of intersections
between dykes and easterly fractures. The initial drilling planned aim to reproduce historical surface
results.
Tr-8 Target:
Trench No. 8 represented the northernmost exploration area on the property, being
located approximately six kilometres from the dyke swarm target. The mineralization context
identified with gold anomalies between 0.05 and 0.27 g/t Au is located at the intersection between a
conglomerate-siltstone contact and an oblique minor shear zone. The gold enrichment is related to
silicification and brecciation similar to the structures observed in epithermal environments.
(See link:
https://www.xterraresources.com/pdfs/Drill-Targets-2020-XTT-NB.pdf
).
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 (including any drilling programs) 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 Resources' 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 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/January2020/07/c3161.html
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For further information:
X-Terra Resources Inc., Michael Ferreira, President and 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 09:30e 07-JAN-20