X-TERRA RESOURCES ENGAGES INLANDSIS TO COMPLETE TILL SAMPLING PROGRAM AT GROG AND NORTHWEST
Rouyn-Noranda, Québec, October 23, 2019 – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce the company has engaged the services of Inlandsis Consultants, led by Remi Charbonneau, Ph.D, P.Geo, specialized in surface deposits interpretation, till sampling and boulder tracing utilizing glacial displacement.
Inlandsis will carry out a till sampling program for gold geochemistry over the Grog and Northwest properties located in Restigouche county, New Brunswick.
About 200 samples are expected to be collected representing the first stage of exploration between the Grog and Northwest properties. The primary objective of this program is to define gold dispersal signatures in a region mostly covered by overburden. It may help detect new additional zones of sub-cropping mineralization over the property.
With a district scale land package, the project hosts two distinct geological contexts along the McKenzie regional fault, namely: The Grog property which hosts meaningful evidence of an epithermal hydrothermal system and whereas the Northwest property hosts orogenic gold bearing quartz veins. The secondary objective of this program will be to define the limits of each geological system.
In other news, the stripping and trenching program is still ongoing. To date, X-Terra’s geological team have completed an additional 14 trenches and collected over 200 samples.
In addition, X-Terra’s senior management team will be attending the Exploration, Mining and Petroleum New Brunswick Conference, being held in Fredericton from Sunday, October 27th to Tuesday, October 29th at the Delta Hotel Fredericton, to inform and answer questions about the ongoing exploration programs.
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 43101 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.
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and energy properties in Canada.
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 and Northwest Properties, or if it does so, what benefits X-Terra Resources 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 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.
For further information:
X-Terra Resources Inc.
Mr. Michael Ferreira, President & Chief Executive Officer
139 Québec Avenue, Suite 202
Rouyn-Noranda, Québec, J9X 6M8
Telephone: 819-762-4101 | Fax: 819-762-0097