X-Terra Resources Identifies a New Copper Trend at Troilus East
X-Terra Resources Identifies a New Copper
Trend at Troilus East
ROUYN-NORANDA, QC
,
Oct. 19, 2021
/CNW/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce that its recent diamond drill program at
Troilus East has revealed a new disseminated copper mineralized trend located three kilometres
east of Troilus Gold's copper/gold deposit. X-Terra's Troilus East project is located approximately
135 kilometres from the town of
Chibougamau
in the province of Québec.
Table of results (CNW Group/X-Terra Resources Inc.)
The highlight of the program stems from five holes representing 759 metres drilled on the southwest
target. Results received highlighted a strong copper enrichment between 0.1 and 0.3 % over metric
intervals of up to 7 metres in length. In addition, the mineralization was intercepted just below
surface at vertical depths of 25 metres and 50 metres.
In addition, some lower yet important grade values below 400 ppm (0.04%) and localized gold
anomalies ranging from 0.03 to 0.25 g/t were obtained from holes TESW-21-01, TESW-21-05,
TESW-21-07, TESW-21-08.
The copper mineralization is related to finely disseminated chalcopyrite associated with wider
pyrrhotite halos hosted in varied lithological setting, mostly of mafic composition, composed of basalt
to andesite volcanics, diorite to gabbro intrusions and occasional sediments at contacts. The
mineralization is associated with a zoned alteration pattern strongly overprinting primary
compositions and cross cutting lithological contacts. Mineral assemblages observed have similarities
with the neighboring Troilus deposit as previously disclosed by X-Terra in its press release dated
July 20, 2021.
The staggered drilled pattern used was 100 to 200 metres spaced out and covers a vertical extent
of about 100 metres with one hole reaching a depth of 150 metres. Laterally, the pattern extends for
nearly 700 metres along strike. The preliminary interpretation produced to date is based on one
section cross cutting the middle of the anomaly. The newly identified copper trend can be traced
following a shallow dip between 0 and 45 degrees to the north-west for about 200 metres, which
remains to be drilled tested.
Gold anomalies between 0.02 g/t and 0.25 g/t were obtained in different location over the drill
pattern, hosted primarily in mafic intrusions and occasionally correlated with copper grades, much
like the historic Troilus deposit. A complementary table qualifies
"We are encouraged by the results of this first ever drill program. The copper system identified close
to surface covers about 700 metres of strike length and is open in all directions. We also noted
strong correlations of gold associated with these copper results and this an important indicator that
will require additional follow up work to uncover the true potential of the gold/copper system. We
also noted that the copper values are well within the copper grades of the Troilus deposit. Further,
this anomaly covers over 1.1 kilometres of the known strike length and just over half has been
tested. Given the enrichment of grades towards the northeast, further work is being planned to
extend the potential strike length." stated
Michael Ferreira
, President and Chief Executive Officer of
X-Terra.
Hole information data:
Hole #
Easting
Northing
Azimut
Dip
Length
UTM Z18 (m)
UTM Z18 (m)
(m)
TEDN-21-01
540495
5649870
135
-45
150
TEDN-21-02
540562
5649814
135
-45
150
TESW-21-01
538716
5647517
135
-45
201
TESW-21-02
538680
5647860
135
-45
156
TESW-21-03
538390
5647731
135
-45
150
TESW-21-04
538463
5647894
135
-45
153
TESW-21-05
538521
5647627
135
-45
150
TESW-21-06
538129
5647566
135
-45
150
TESW-21-07
538228
5647466
135
-45
150
TESW-21-08
538600
5647368
135
-45
150
Quality assurance/quality control.
X-Terra adheres to a strict quality assurance and quality control program with regard to core
handling, sampling, transportation of samples and lab analyses. Samples selected for assay were
shipped via secure transportation to the Techni-Lab (S.G.B. Abitibi Inc.) preparation facility in Ste-
Germaine Boulé, QC. Rock samples were assayed for gold by standard fire assay on 30-gram
fractions with atomic absorption (TMT-G5B) or gravimetric finish (TMT-G5C) at Techni-Lab (S.G.B.
Abitibi Inc.). The exploration program is designed and the results are interpreted by qualified
persons using a quality assurance/quality control program based on industry best practices, including
the use of standards, blanks and duplicates for every 50 samples.
Qualified Person
Jeannot Théberge, P. Geo registered in the Provinces of Québec and
New-Brunswick
, 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.
About X-Terra Resources Inc.
X-Terra is a resource company focused on acquiring and exploring 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,
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 Troilus East project, or if it does so, what
benefits X-Terra will derive from the Troilus East project. 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, 2020
, 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.
SOURCE
X-Terra Resources Inc.
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For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue, 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 16:40e 19-OCT-21