ROUYN-NORANDA, QC, Oct. 16, 2019 /CNW Telbec/ - X-Terra Resources
Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce the
company has mobilized its field crew to the Grog and Northwest
Properties located in the Restigouche County, New Brunswick to execute the second phase of
its stripping and trenching program.
Priority of the program will be to follow up on the Bellevue discovery to properly evaluate the
thickness, length and orientation of the mineralized structure.
(See X-Terra Resources' press release dated October 11, 2019). In addition, X-Terra's
geological team have outlined new additional targets that have been
delineated using the significant Arsenic and Antimony anomalies as
they are related to gold values.
In other news, X-Terra has completed its review of some
historical data, highlighting two new areas of interest located on
the property approximately 20 kilometres to the southwest of Grog
along the McKenzie regional strike slip fault. In conjunction with
the stripping and trenching program, the geological team will also
be allocating some resources in order to validate this historical
data and decide if a more exhaustive program is needed in the near
future.
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 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.