X-Terra Resources Identifies Four New GOLD-Zinc Anomalies at Northwest
X-TERRA RESOURCES IDENTIFIES FOUR
NEW GOLD-ZINC ANOMALIES AT
NORTHWEST
ROUYN-NORANDA, QC
,
March 17, 2022
/CNW/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to provide an update on the Northwest project, with
respect to its geochemical sampling carried out in Q4 of 2021. The Northwest project is part of a
regional land position held along the McKenzie Fault located in Restigouche County,
New-Brunswick
,
where gold occurrences and geochemical anomalies have continuously indicated the presence of
extensive mineralized systems associated with an understudied thrust belt.
Figures 1 and 2 (CNW Group/X-Terra Resources Inc.)
Highlights:
In Q4 of 2021, X-Terra completed 1,650 metres of mechanical trenching and 13 line kilometres of "B
horizon" sampling which totaled 424 rock samples and 1,404 soil samples collected on the whole
property. The survey was designed to cover initial gold in till anomalies which are centered on the
White Brook Formation where known high-grade gold showings in quartz veins are found at surface
and identified as Dome, Bonanza and RIM. X-Terra notes that all three of these showings are
peripheral to the main till anomalies.
The trenching work was completed on several available targets based on quartz veins fragments
that were identified along the vast network of forestry roads and trails. This led to the identification
of numerous extensive quartz vein systems in the Northwest River area that could be related to the
regional fold hinge hosting the RIM vein system (See X-Terra press release dated November
10, 2021).
Four priority gold-zinc anomalous targets were identified and can be highlighted inside the folded
White Brook Formation, covering an area of about 8 square kilometres. Gold anomalies are defined
by values ranging from 10 to 57 ppb. And while the wide line spacing does not always allow a direct
correlation, the targets are based on close repetition of gold values correlated over multiple lines. It
is important to note that they were also many scattered gold values in the survey that remain to be
explained or discarded by additional analysis or validation sampling. The map below highlights the
target interpretation.
"Northwest Creek South Target":
takes the form of a 1 kilometre long by 200-metre-wide
anomalous trend with a gold-zinc-arsenic signature. These pathfinder elements are also scattered in
the environment forming a wider, 500 metre wide envelope crosscutting topographic and
hydrographic features. The fall trenching program revealed a high density of quartz veins and quartz
breccia crosscut over a 20 metres windows. However, this vein system was located 100 to 150
metres away from the geochemical gold anomalies. X-Terra will revisit this area of importance in the
spring of 2022 with additional trenching.
"Line Eighteen"
targets are composed of three kilometric north-south parallel trends defined by a
grouping of gold and zinc anomalies proximal to arsenic halos having a 50 to 200 metres wide
influence. The target area is not outcropping. These three anomalies crosscut topographic and
hydrographic features indicating limited transport from their potential source.
Outlook
To date, the soil survey approach appears to be the best exploration tool for the Northwest
environment considering that mineralized targets are nearly blind to geophysical methods with their
low sulfides content. The deep soil profile observed with the bedrock weathering in the surveyed
region, has highlighted enhanced metals circulation.
Michael Ferreira
, President and Chief Executive Officer of X-Terra stated,
"These new targets, tell
us that we have identified the right approach to target favorable areas for gold mineralization and
be able to considerably reduce the areas that need to be covered in the future. While the trenching
results are still pending, due to lab delays, the structural understanding gained from the mapping
coupled with the geochemical results has allowed us to enhance the modeling and will allow us to
delineate many new high potential drill targets with considerable strike length
".
QAQC
The geochemical soil sampling program was completed by Terrane Geosciences inc. supervised by
Stefan Kruse
, Ph.D., P.Geo. Soil samples were processed at the Actlabs preparation facility of
Fredericton, New Brunswick
and at the
Ancaster
laboratory,
Ontario
. Samples were sieved at -177
µm considering the coarse nature of material collected. Prepared samples were submitted to
Instrumental Neutron Activation Analysis (INAA). The detection limit for gold is 2 ppb.
Qualified Person
Martin Demers
, 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 and scientific 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 and drilling results) 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, 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.
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.
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For further information:
For further information: X-Terra Resources Inc., Michael Ferreira,
President and Chief Executive Officer, 147 Quebec 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 17-MAR-22