ROUYN-NORANDA, QC, Nov.
13, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) is pleased to announce that it has entered into a
strategic collaboration with the University of
New Brunswick. This arrangement includes research and
development work with Dr. David
Lentz, Ph D, P. Geo, UNB's Research Chair in Economic
Geology.
Dr. Lentz has extensive research experience in understanding the
evolution of ore deposits of New
Brunswick, including in the Bathurst mining camp. His current interests
are concentrated on the relationship between the evolution of
fertile granite emplacement and associated porphyry and skarn
systems hosting copper-molybdenum-gold and
tin-tungsten-molybdenum-gold mineralized systems.
Thus far, the Grog and Northwest properties under option by
X-Terra Resources have highlighted epithermal hydrothermal gold
mineralization in a geological environment distinctive from other
orogenic gold-bearing quartz veins systems identified in the
region. The geological teams recent field work has been focusing on
the extensive porphyritic dyke swarms spatially related to the
regional McKenzie Fault to track gold mineralization.
Michael Ferreira, President and
CEO of X-Terra Resources states, "We are very happy to be working
with Dr. Lentz and his research team at the University of New Brunswick, as it will enable
X-Terra to move forward and gain tremendous geological insight and
robust geological data to support our exploration approach moving
forward."
Dr. David Lentz states, "This is
an exciting area with significant gold and base-metal potential,
especially given recent grassroots success in this region; we very
much look forward to working closely with the X-Terra Resources
team to enhance exploration success in Northwestern New Brunswick"
X-Terra Resources would also like to congratulate Troilus Gold
Corp. on their new mineral resource estimate of 4.71 million
indicated AuEq ounces and 1.76 million inferred AuEq ounces at
their Troilus Gold Project, Québec (See Troilus Gold Corp's news
release dated November 12, 2019), a project located adjacent
to X-Terra's 93km2 Troilus East gold project.
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.
Website: www.xterraresources.com
SOURCE X-Terra Resources Inc.