ROUYN-NORANDA, QC, Oct. 31, 2019 /CNW Telbec/ – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce that it has completed the second phase of its stripping and trenching program whereas, over 20 additional trenches have been completed and over 335 samples have been collected. Samples have been sent to Agat Labs in Mississauga where they will be analyzed for Gold by Fire Assay with ICP-OES (30g). They are also analyzed for pathfinder elements with Sodium Peroxide Fusion method with ICP-OES and ICP-MS Finish (per sample).
In addition, X-Terra Resources announces that it will be expanding the ongoing till sampling program being carried out by Inlandsis. An additional 150 samples will be collected in order to enlarge the area of investigation and increase the likeliness to identify gold dispersion footprints in the surficial deposits and generate new additional exploration targets.
Michael Ferreira, President and CEO of X-Terra Resources states “Our methodical exploration strategy is beginning to establish the regional gold potential of the Grog and Northwest properties. With a district scale land package, we are excited by the magnitude of the regional gold bearing footprint that has already been established. The next steps will be very important as we move forward to generating additional targets for the inaugural drill program to be carried out over the property in the coming months”.
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.
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 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's 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 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.
SOURCE X-Terra Resources Inc.
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