X-Terra Resources Receives Exploration Grant FOR Grog Property
X-TERRA RESOURCES RECEIVES
EXPLORATION GRANT FOR GROG
PROPERTY
ROUYN-NORANDA,QC
,
June 16, 2022
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") is pleased to announce it has been awarded a
$25,000
grant under
the New Brunswick Junior Mining Assistance Program. Plans are being finalized to carry out an
additional detailed geochemical sampling survey over six of the high priority geochemical targets
recently identified. (See X-Terra press release dated
March 17, 2022
and
March 29, 2022
). The
survey will be financed in part by the grant recently received.
The objective of this program will be to tighten the spacing of the recently executed geochemical
program completed last fall. There will be an additional 350 to 375 samples collected over the six
high priority targets, three over the Northwest property and three over the Grog property. These
additional samples will allow X-Terra to bring additional precision in order to move forward with the
next phase of exploration as well as diamond drilling the new targets.
Qualified Person
Martin Demers
, P. Geo registered in the Provinces of Québec and
New-Brunswick
, a consultant to
X-Terra, 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 is a resource company focused on acquiring and exploring 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,
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, their
results, and the development of the
Northwest property and the Grog property,
, or if it does so,
what benefits X-Terra will derive from the
Northwest property and the Grog property
. 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, 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 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.
Website:
www.xterraresources.com
SOURCE
X-Terra Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/June2022/16/c1675.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, Telephone: 819-762-
4101, Fax: 819-762-0097, E-mail: [email protected]
CO: X-Terra Resources Inc.
CNW 08:00e 16-JUN-22