ROUYN-NORANDA, QC, Sept. 28, 2020 /CNW Telbec/ - X-Terra
Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("X-Terra")
is pleased to announce its exploration team has been mobilized to
the Grog and Northwest properties, located in Restigouche County,
New Brunswick to prepare the drill
collar locations for the arrival of the drilling contractor.
A fully funded 3,000 metre diamond drill program will be carried
out over two principal targets, the Grog Target and the Rim Target
(see X-Terra press release dated September
21, 2020). A drilling contract has been awarded to the Logan
Drilling group based out of Stewiacke in Nova
Scotia, who have been recognized for completing its projects
in a safe, productive and efficient manner. Logan Drilling is
expected to arrive on site between October 1
and October 7, 2020. The drilling is scheduled to commence
over the Rim Target which will be followed by the 16 holes at the
Grog Target.
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) 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, 2019, 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.