XTT X Terra Resources Inc

ROUYN-NORANDA, QC, July 14, 2022 /CNW/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("X-Terra") is pleased to announce it has recently completed an additional phase of infill geochemical sampling on the Grog and Northwest properties. Throughout this program, 363 "B" horizon soil samples were collected, split between the Grog and Northwest properties to validate and further improve the targets discovered through last years large scale geochemical programs. Throughout the last program completed in Q4, 2021, numerous high priority targets were identified on both properties (See X-Terra press releases dated March 17, 2022 and March 29, 2022).

The 2020 and 2021 soil sampling programs identified a 2 kilometre wide gold-arsenic-antimony-soil anomaly using a 300 metres widely spaced grid centered over the Grog gold showing. Before carrying out additional drilling, X-Terra wanted to correctly assess and understand the gold footprint and finalize the interpretation of lithological and structural controls related to the epithermal system previously identified.

A total of 156 samples were collected over four grids targeting the areas centered on clusters of gold values in soil obtained throughout the first phase of sampling with results ranging from 10 to 70 ppb. The proximity with existing trenches as well as drill results above 0.5 g/t Au was another important factor considered for prioritizing targets. A shot gun approach with an average spacing of 30 metres between samples was utilized to cover the different possible structural interpretation of gold trends.

The 2021 property scale geochemistry survey was useful to identify gold in soil coherent with the regional fold affecting the White Brook formation, which covers an area of about 8 square kilometres. While the line spacing of 400 to 500 metres for this initial phase did not allow for accurate line to line correlation, the targets selected for follow up sampling are based on close repetition along lines of gold values ranging between 10 to 60 ppb.  

A total of 207 samples were collected over 2 targets using 50 metres line spacing and 30 metres between samples to validate and extend anomalies in overburden covered and unexplored areas. Local trenching work done at the end of 2021 along the same magnetic trends revealed extensive barren quartz veins systems.

"This phase of geochemical sampling was extremely important for X-Terra as it outlines with more precision the gold signature which will improve our next phase of work. Geochemical has been by far, the best adapted exploration method for the two properties and has improved X-Terra understanding of the mineralized gold bearing corridors on the Grog property as well as on the Northwest property. Ultimately, the results of this geochemical program will enable X-Terra to proceed with a next round of diamond drilling" stated Michael Ferreira, President and Chief Executive Officer of X-Terra. 

363 samples of "B" horizon soil were collected by X-Terra's technical team. Samples recovered weighted between 300 and 500 gr. During sampling, tags were randomized with blanks and field duplicates inserted at respectively twenty (20) and ten (10) samples. Samples are being processed at the Actlabs preparation facility in Fredericton, New-Brunswick, and directed to Ancaster, Ontario for geochemical analysis by INAA (Instrumental Neutron Activation Analysis). After drying and sieving to -63 microns, samples will be irradiated and subsequently measured for the emitted gamma ray.

Martin Demers, P. Geo registered in the Provinces of Québec and New-Brunswick (APEGNB #L5980), 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 from the soil sampling programs or 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, 2021, 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.

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.