ROUYN-NORANDA, QC, May 28, 2021 /CNW Telbec/ - X-Terra
Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("X-Terra") further to
its news release dated May 18, 2021,
X-Terra has officially started drilling at the Troilus East
property located in the James Bay
region in the province of Québec.
The drill program consisting of 12 holes and will commence over
the high priority anomaly where eight (8) drill holes will be
completed, followed by two (2) holes at the north-east grid and two
(2) holes at the south east grid, both of which will be testing
geochemical anomalies recently identified (see X-Terra press
release dated December 30, 2020).
This drill program is anticipated to take approximately three (3)
weeks to complete.
Michael Ferreira, President and
Chief Executive Officer of X-Terra states: "We have worked very
diligently to prepare this important drill program at Troilus East.
Following the most recent news from Kenorland and their fantastic
drill results (see Kenorland Minerals Ltd. (TSXV: KLD, FSE:
3WQ0) press release dated May 26,
2021), we are excited to be drilling in such an active and
prolific greenstone belt, let alone the fact X-Terra is one of the
few remaining companies actively exploring this area in close
proximity to Troilus Gold (TSX: TLG, OTCQB: CHXMF) and
Kenorland".
The illustration below highlights the location of the drill
targets inside a favourable corridor located approximately two (2)
to three (3) kilometres from Troilus Gold's project and running
parallel to its deposit.
Qualified Person
Jeannot Théberge, P. Geo registered in the Provinces of Québec
and New-Brunswick, a consultant to
X-Terra, 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.
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
Troilus East property, or if it does so, what benefits X-Terra will
derive from the Troilus East 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'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, 2020, 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.