X-Terra Resources prepares for the upcoming drill program
X-Terra Resources prepares for the upcoming
drill program
ROUYN-NORANDA, QC
,
Sept. 28, 2020
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce its exploration team has been mobilized to
the Grog and Northwest properties, located in Restigouche County,
New Brunswick
to prepare the
drill collar locations for the arrival of the drilling contractor.
A fully funded 3,000 metre diamond drill program will be carried out over two principal targets, the
Grog Target and the Rim Target (see X-Terra press release dated
September 21, 2020
). A drilling
contract has been awarded to the Logan Drilling group based out of
Stewiacke
in
Nova Scotia
, who
have been recognized for completing its projects in a safe, productive and efficient manner. Logan
Drilling is expected to arrive on site
between October 1 and October 7, 2020
. The drilling is
scheduled to commence over the Rim Target which will be followed by the 16 holes at the Grog
Target.
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 Grog and Northwest Properties, or if it does so,
what benefits X-Terra 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'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, 2019
, 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.
View original content:
http://www.newswire.ca/en/releases/archive/September2020/28/c2352.html
%SEDAR: 00035962E
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 08:00e 28-SEP-20