Xtierra Reports Start Up of Drilling to Follow Up Previously Encountered High Grade Silver Target at Bilbao
September 08 2011 - 2:11PM
Marketwired
Xtierra Inc. (TSX VENTURE: XAG) ("Xtierra" or the "Company"), is
pleased to announce that a 2,500 metre drilling programme has been
commissioned to follow up on the high grade silver mineralisation
previously encountered to the south of the Bilbao deposit (and
reported on June 27 and July 21, 2011). Such drilling is expected
to commence during the week of September 12, 2011.
The drilling will test a number of targets including, (a) the
open-ended mineralisation encountered in veins and shear structures
similar to that intersected in hole X40-1 (2.45 metres averaging
1,623g/t silver, including 3,340g/t silver over 0.60m). This hole
was prematurely halted due to technical difficulties while still in
mineralisation; (b) the projected extensions to brecciated
silver-rich limestone horizons; and (c) a geophysical anomaly
(magnetic) believed to be associated with massive, skarn-type
sulphide mineralisation.
In the meantime, two additional holes are currently being
drilled within the main Bilbao indicated resource wire frame area
to extract an adequate volume of core sample to allow advanced
metallurgical test work to be carried out, including (a) flotation
test work on the sulphide ore; and (b) grinding test work on the
transition and oxide ores.
Qualified Person
Information of a scientific or technical nature contained in
this release has been prepared by or under the supervision of
Terence N. McKillen, P.Geo., Chief Executive Officer, Gerald J.
Gauthier, P.Eng., Chief Operating Officer and Dr. Anthony C.
Gallon, C.Eng., Chief Geologist, all 'Qualified Persons' within the
meaning of National Instrument 43-101 - Standards of Disclosure for
Mineral Projects of the Canadian Securities Administrators.
Analytical Method
Samples from half-core were prepared at the Stewart Group
laboratory in Zacatecas and initially analyzed for 38 element
content using ICP-MS (inductively coupled plasma - mass
spectrometry) by the Stewart Group (Eco-Tech Laboratory) in
Kamloops, British Columbia. Values exceeding the limits of
detection are automatically re-analyzed by Fire Assay or Atomic
absorption spectrometry (AAS) methods respectively. Standards and
blanks were used regularly for quality control.
About Xtierra Inc.
Xtierra Inc. is a Toronto based exploration and development
company listed on the TSX Venture Exchange under the symbol "XAG".
There are 103,272,142 shares issued and outstanding. The Company is
completing a feasibility study on its Bilbao
silver-zinc-lead-copper project in Zacatecas, Mexico. Xtierra's
objective is to become a mid-tier producer of precious and base
metals through the development of its Bilbao project as well as
through exploration, organic growth and M & A
opportunities.
For further information visit www.xtierra.ca.
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 the
accuracy of this release.
Contacts: Xtierra Inc. Terence McKillen President & Chief
Executive +1 (416) 362-8243 Xtierra Inc. Tim Gallagher Director +1
(416) 925-0090 Xtierra Inc. Alejandro Alaniz Director Finance &
Administration (Mexico) +52 (492) 925-0804 www.xtierra.ca
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