X-Terra Resources Trenches over 100 Metres of Continuous Sulfides Mineralization at Grog
X-TERRA RESOURCES TRENCHES OVER 100
METRES OF CONTINUOUS SULFIDES
MINERALIZATION AT GROG
ROUYN-NORANDA, QC
,
Sept. 27, 2022
/CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) ("
X-Terra
") has completed 75% of its planned trenching program at the Grog
and Northwest Properties located in north-western
New-Brunswick
, Restigouche County. Thus far, a
total of seven trenches were completed within the Grog geological footprint with an additional 145
metre trench located 1.2 kilometres northeast of the Grog gold showing. Trench #TR-22-14
conducted on Grog Property became a high priority target given its geophysical signature and
proximal location to the Mackenzie break fault as well as following Grog's gold anomaly northeast
strike.
X-Terra wishes to highlight the unusual nature of the dominant sulphide mineralization, comprising of
pyrite, and locally chalcopyrite identified so far on the Trench #TR-22-14. The mineralized structure
was cross cut over a significant thickness in a relatively remote area where no previous exploration
work has taken place. This particular trench was part of a property wide investigation of strong
magnetic contrasts indicators of a mafic dyke swarm likely to host copper and gold mineralization
according to regional records.
Trench TR-22-14 hosted numerous series of 10 to 20 metres of pyritic stringer zones along 120
metres of the 145 metre trench that was completed. The combination of bad ground conditions and
the overburden at the eastern end of the trench prevented the team from being able to observe if the
mineralized system continues. Sulfide bearing structures were generally crosscut with a strong angle
representing the approximate true thickness. Most of the mineralization is hosted in a strongly
altered fine grain sedimentary unit with alternating bands of tectonic brecciation, silicification and
skarnification. The technical team also noted a 10 to 15 metres section of trench that hosted shear
and fault zones which were intercepted at two locations. Furthermore, disseminated and pyrite
stringers highlighted different textures and are associated with stockwork filling quartz veinlets.
Grog
Parallel to the Trench TR-22-14 finding, six trenches were also completed approximately 400 metres
east of the Grog gold showing covering a connected gold in soil anomaly. The objective is to extend
the influence of the mineralized system where surface information highlights a strong gold-arsenic
and antimony geochemical footprint in soils.
These trenches have varying lengths between 20 and 70 metres. The main highlight from these
trenches was the observation of a wide shear zone with signs of tectonic brecciation. Sampling
focused on these structures.
"This is the first time we have witnessed such continuity of sulfides mineralization in the Grog area, in
an unusual context highlighting strong evidence of an intense hydrothermal system. While we are still
waiting for assays, we will use this new geological information to further our exploration around the
Grog gold showing" stated
Michael Ferreira
, President and Chief Executive Officer of X-Terra.
Qualified Person
Martin Demers
, P. Geo registered in the Provinces of Québec and
New-Brunswick
(APEGNB
#L5980), 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.
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 or the results from exploration assays) 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, 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.
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/September2022/27/c4153.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], Website: www.xterraresources.com
CO: X-Terra Resources Inc.
CNW 08:00e 27-SEP-22