X-Terra Resources Mobilizes Technical Team to Its Lithium Properties IN James BAY, Quebec.
X-TERRA RESOURCES MOBILIZES
TECHNICAL TEAM TO ITS LITHIUM
PROPERTIES IN JAMES BAY, QUEBEC.
ROUYN-NORANDA, QC
,
Nov. 16, 2022
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to report it has mobilized its technical team to its 100%
owned recently acquired Galli and Liberty Lithium projects in
James Bay
, Québec.
X-Terra will be completing a helicopter-assisted reconnaissance prospecting program over its Galli
and Liberty lithium projects which are directly adjacent to Winsome Resources Adina project, which
has yielded an exceptional pegmatite discovery below the Jamar outcrop. (See X-Terra press
releases dated
June 8, 2022
and
November 7, 2022
). The scope of the program will be limited due
to the onset of poor weather conditions.
Michael Ferreira
, President and Chief Executive Officer of X-Terra commented: "While the weather
may pose a challenge, we felt it was important to send our technical team to
James Bay
as soon as
possible to visit some of our lithium properties. More specifically, the Liberty project which lies
adjacent and on strike with Winsome's Adina Lithium discovery. There are many more studies and
work that we will be completing over the course of the winter months to prepare for an exploration
program in the spring 2023 which is expected to be followed by the first diamond drill program on
the property.
Q
u
alified Person
Martin Demers
, 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
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 lithium and 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
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 results from the helicopter-
assisted reconnaissance prospecting program over the Galli and Liberty lithium projects, the
expected exploration programs in the spring of 2023, and the timing thereof, and development
(including any drilling programs) of the Galli and Liberty lithium proje, or if it does so, what
benefits X-Terra Resources will derive from these lithium projects. 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, 2021
, 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
SOURCE
X-Terra Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/November2022/16/c8379.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Michael Ferreira, President and Chief Executive
Officer, 147 Québec Avenue (back door), Rouyn-Noranda, Québec, J9X 6M8, E-mail:
[email protected], Website: www.xterraresources.com
CO: X-Terra Resources Inc.
CNW 12:01e 16-NOV-22