X-Terra Resources Launches a Stripping and Trenching Program at Grog and Northwest
X-Terra Resources Launches a Stripping and
Trenching Program at Grog and Northwest
ROUYN-NORANDA, QC
,
Oct. 13, 2021
/CNW/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce that it has mobilized its field crew to the
Grog and Northwest Properties located in the Restigouche County,
New Brunswick
to launch the
third and largest stripping and trenching program to date.
Priority of the program will be concentrated over the Northwest high grade orogenic gold system, in
addition to some trenches also being completed over the Grog Epithermal target in order to expand
the mineralized footprint.
X-Terra has also engaged the services of Terrane Geoscience, based in
Halifax Nova Scotia
to
execute a large-scale geochemistry program over 30 transects with sample spacing every 50
metres, totaling 47.5 line kilometres.
X-Terra will be conducting this further B-horizon soil geochemistry survey along selected transects
as a follow-up to the sampling program completed by Terrane in
July 2020
. Key analytical pathfinder
elements for this survey include Au, As, Sb and Fe. A high priority has recently been put forth over
the Northwest property given the geological context and its similarities with New Found Gold's
Queenway property located in
Newfoundland
and Puma Explorations Williams Brook property
(located approximately 12 kilometres east of Northwest) where Puma recently announced a major
gold discovery (
See Puma's
press release dated
September 15, 2021
).
The area of interest is underlain by Late Ordovician, deep-water clastic sediments of the Grog
Brook Group crosscut by different alteration and intrusion generations. Previous exploration phases
performed by X-Terra have demonstrated an extensive gold grain counts anomaly coming from
spaced out till sampling in a region nearly completely covered by overburden. Additionally, drill holes
completed to date have identified gold bearing shear zones along magnetic contrasts. Patterns
identified so far will contribute to focus on these high priority areas.
In additional news, X-Terra is excited to announce it has received all the drill hole data from its
recently completed drill program at its wholly-owned Troilus East project and the results will be
announced in the coming days.
"We have been waiting for this additional drill data for weeks and now that it has finally arrived, the
technical team is compiling the data and we look forward to reporting the results". stated
Michael
Ferreira
, President and Chief Executive Officer of X-Terra.
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
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 results from the drill program on the
Troilus
East project
,
or if it does so, what benefits X-Terra will derive from the Grog and Northwest
Properties and 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.
View original content:
http://www.newswire.ca/en/releases/archive/October2021/13/c2430.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Mr. Michael Ferreira, President & 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 16:00e 13-OCT-21