X-Terra Resources provides drilling update for Grog and Northwest
X-Terra Resources provides drilling update for
Grog and Northwest
ROUYN-NORANDA, QC
,
Feb. 6, 2020
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) is pleased to announce that its 2020 drill exploration program on the Grog and
Northwest properties, located in
Restigouche
county,
New Brunswick
is ongoing.
The program is meeting its geological targets and continues to provide very encouraging visual
indicators of significant alteration and mineralization in different contexts related with the MacKenzie
Gulch Fault. The program initiated is at the reconnaissance stage and covers about 30 kilometres of
prospective ground. Five targets are currently being tested using 2 to 4 holes and reaching depths of
between 100 to 170 metres.
The table below is highlighting the observations of the core which is being completed in the field as
the program advances. Thus far they highlight three main contexts.
Sectors of interest
Observations
Mineralization type
North-West
NWST-20-002, 003
Orogenic gold bearing quartz veins
systems in sediments
Dyke Swarm
GRG-20-001, GRG-20-002
Close to feldspathic dykes contacts: re worked hydrothermal breccia with pyrite stringers over 2 to 5 metres
intervals.
Hosted in a sequence of fine grains sediments including limy graphitic shales and sandstone.
Dykes related skarns and
sediments hosted stockwork
Bellevue North
GRG-20-003, GRG-20-004, GRG-20-005
Carbonate-quartz stockwork associated with arsenopyrite-pyrite dissemination over 5 to 20 metres intervals.
Strong, carbonate – micas alteration. Lamprophyres dykes observed.
Hosted in fine grain sandstone and conglomerate sequence, in contact with a limy graphitic shale.
Stockworks and replacement in
conglomerate
Michael Ferreira
, President and Chief Executive Officer of X-Terra Resources states, "to date, the
strong presence of mineralization markers that correspond to known mineralization models over
consistent drill intervals is another milestone reached. Since 2017 when the first discovery of gold at
surface was made, X-Terra Resources has put in place an efficient targeting and ground truthing
approach to reach results while investing its treasury wisely".
The remaining two drill targets,
Bellevue South
as well as Grog are expected to be completed by
February 14, 2020. In addition, a drill core photo album will be uploaded to X-Terra Resources'
website in the coming days and it invites shareholders to review them as well as its
February 2020
presentation.
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 (including any drilling programs) 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 Resources' 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 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.
Website:
www.xterraresources.com
SOURCE
X-Terra Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/February2020/06/c6220.html
%SEDAR: 00035962E
For further information:
X-Terra Resources Inc., Michael Ferreira, President and 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]
CO: X-Terra Resources Inc.
CNW 09:00e 06-FEB-20