X-TERRA RESOURCES INITIATES PHASE TWO OF ITS STRIPPING AND TRENCHING PROGRAM AT GROG AND NORTHWEST
Rouyn-Noranda, Québec, October 16, 2019 – X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce the company has mobilized its field crew to the Grog and Northwest Properties located in the Restigouche County, New Brunswick to execute the second phase of its stripping and trenching program.
Priority of the program will be to follow up on the Bellevue discovery to properly evaluate the thickness, length and orientation of the mineralized structure. (See X-Terra Resources’ press release dated October 11, 2019). In addition, X-Terra’s geological team have outlined new additional targets that have been delineated using the significant Arsenic and Antimony anomalies as they are related to gold values.
In other news, X-Terra has completed its review of some historical data, highlighting two new areas of interest located on the property approximately 20 kilometres to the southwest of Grog along the McKenzie regional strike slip fault. In conjunction with the stripping and trenching program, the geological team will also be allocating some resources in order to validate this historical data and decide if a more exhaustive program is needed in the near future.
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 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.
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 E-mail: email@example.com