ROUYN-NORANDA, QC, Nov. 16,
2022 /CNW Telbec/ - X-Terra Resources Inc. (TSXV:
XTT) (FRANKFURT: XTR) ("X-Terra") is pleased to report it
has mobilized its technical team to its 100% owned recently
acquired Galli and Liberty Lithium projects in James Bay, Québec.
X-Terra will be completing a helicopter-assisted reconnaissance
prospecting program over its Galli and Liberty lithium projects
which are directly adjacent to Winsome Resources Adina project,
which has yielded an exceptional pegmatite discovery below the
Jamar outcrop. (See X-Terra press releases dated June 8, 2022 and November
7, 2022). The scope of the program will be limited due to
the onset of poor weather conditions.
Michael Ferreira, President and
Chief Executive Officer of X-Terra commented: "While the weather
may pose a challenge, we felt it was important to send our
technical team to James Bay as
soon as possible to visit some of our lithium properties. More
specifically, the Liberty project which lies adjacent and on strike
with Winsome's Adina Lithium discovery. There are many more studies
and work that we will be completing over the course of the winter
months to prepare for an exploration program in the spring 2023
which is expected to be followed by the first diamond drill program
on the property.
Qualified Person
Martin Demers, 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 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 lithium and precious metals 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
results from the helicopter-assisted reconnaissance prospecting
program over the Galli and Liberty lithium projects, the expected
exploration programs in the spring of 2023, and the timing thereof,
and development (including any drilling programs) of the Galli and
Liberty lithium proje, or if it does so, what benefits X-Terra
Resources will derive from these lithium projects. 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 Resources'
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 Resources does not intend, nor does X-Terra
Resources 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
SOURCE X-Terra Resources Inc.