X-Terra Resources Initiates Phase Two of its Stripping and Trenching Program at Grog and Northwest
X-Terra Resources Initiates Phase Two of its
Stripping and Trenching Program at Grog and
Northwest
ROUYN-NORANDA, QC
,
Oct. 16, 2019
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) is pleased to announce the company has mobilized its field crew to the Grog
and Northwest Properties located in the Restigouche County,
New Brunswick
to execute the second
phase of its stripping and trenching program.
Priority of the program will be to follow up on the
Bellevue
discovery to properly evaluate the
thickness, length and orientation of the mineralized structure. (See X-Terra Resources' press
release dated
October 11, 2019
). In addition, X-Terra's geological team have outlined new
additional targets that have been delineated using the significant Arsenic and Antimony anomalies as
they are related to gold values.
In other news, X-Terra has completed its review of some historical data, highlighting two new areas
of interest located on the property approximately 20 kilometres to the southwest of Grog along the
McKenzie regional strike slip fault. In conjunction with the stripping and trenching program, the
geological team will also be allocating some resources in order to validate this historical data and
decide if a more exhaustive program is needed in the near future.
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 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's 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 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.
View original content:
http://www.newswire.ca/en/releases/archive/October2019/16/c4575.html
%SEDAR: 00035962E
For further information:
Mr. Michael Ferreira, President & 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], Website: www.xterraresources.com
CO: X-Terra Resources Inc.
CNW 08:30e 16-OCT-19