ROUYN-NORANDA, QC, Nov.
27, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT)
(FRANKFURT: XTR) is pleased to announce that it received new
results from a second trenching program completed on the Grog and
Northwest properties, both located in the Restigouche county in the province of
New Brunswick.
New results extend the Bellevue
showing previously described in the X-Terra's Press Release
(October 10, 2019). The Bellevue showing now extends about 1.4
kilometres southward of the initial Grog showing.
Bellevue Highlights:
- 7 trenches totalling 130 metres were completed at a regular
spacing of 20 metres along a 100 metres trend to test the gold
mineralization continuity. Individual trench lengths vary between 9
and 42 metres.
- 76 chip samples were taken at spacing between 1 and 7 metres
representing the structural limits.
- Best result obtained is 0.33 g/t over 10 metres of apparent
thickness in trench 14. Higher values of up to 1.79 g/t over 1.5
metres in trench 15, is associated with open space quartz veining
and disseminated arsenopyrite.
- Gold mineralization is associated with silica-clay replacement
in porous sandstone and conglomeratic units generally affected by
shearing and faults. Alteration halos spread over 5 to 15 metres
centered on gold values. Unlike the Grog no intrusion has yet been
observed.
New Discovery
- Located About 500 metres north of Bellevue and 800 metres south of Grog (See
Figure 1 below), trench TR-20 intercepted a strong deformation
system in a similar environment. Gold values were obtained over the
entirety of the 151-metre trench. In addition, three results of 0,3
g/t over 5 metres, 0,4 g/t and 0,8 g/t over 2 metres were obtained
within a 65-metre interval. These results were located in
conglomeratic units where argillic, pyrophyllite and feldspathic
alteration were observed.
- X-Terra Resources also completed two trenches over the
Northwest property, located two kilometres west of the Rim vein, to
confirm the presence of a fourth gold bearing quartz vein, namely
the Lavoie showing, where new results up to 4.5 g/t Au were
obtained. In addition, a second trench was completed 60 metres to
the south where another gold bearing quartz vein was discovered and
returned 0.35 g/t Au over 1 metre.
Figure 1 (See PDF file)
Property reconnaissance:
Sporadic gold anomalies have been systematically associated with
arsenic enrichment inside the gold bearing corridor measuring about
6 kilometres which follows a near north-south trend with
transversal influence of about 1 kilometre.
Inside or close to this trend, several trenches were completed
following the network of forestry roads where a shallow bedrock
contact was expected. Additional float samples were also
collected.
In parallel, the till survey recently completed covered most of
the Grog and Northwest properties, to identify new potential gold
mineralization footprints hidden by the surface sediments. 348
samples were collected at 200 metres spacing along 2 kilometres
widely spaced lines. (See figure 2 below)
Figure 2 (See PDF file)
Outlook:
2019 trenching program was essential to obtain a visual contact
with gold mineralization and help identify geological controls in
terms of key lithologies, alteration and structures. The near
complete lack of outcrop requires the use of surface geochemistry
to identify gold mineralization footprints.
X-Terra Resources will produce before the end of the year a
geological interpretation along with its initial drill targets
scheduled to begin in early 2020.
Michael Ferreira, President and
CEO of X-Terra Resources states "The new sampling results
confirm the strength of the mineralized system in and around the
Bellevue and Grog environment.
Furthermore, the detailed geological knowledge obtained to date has
allowed the geological teams to begin targeting initiatives for the
inaugural drill program scheduled to begin in early 2020".
QAQC
Trench sampling was obtained by collecting manually the broken
bedrock at the bottom of the trenches at an approximate depth
varying between 1 metre and 2 metres. Samples covered a
horizontal length of 1 metre in favorable geology contexts.
The surrounding environment was covered with 5 or 10 metres
samples. Samples position were measured with a tape.
Samples were sent to AGAT Laboratories where they were dried and
crushed to 75% passing 10 mesh (2mm) (Code 200001), split to 250g
and pulverized to 85% passing 200 mesh (75μm). Samples are then
analyzed with Sodium Peroxide Fusion method (Code 201 378) with
ICP-OES and ICP-MS Finish (per sample). They are also analyzed for
Gold by Fire Assay with ICP-OES (30g) (Code 202052).
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 Property, or if it
does so, what benefits X-Terra Resources will derive from 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 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.