ROUYN-NORANDA, QC, May 15, 2019 /CNW Telbec/ - X-Terra
Resources Inc. (TSXV: XTT) and (FRANKFURT: XTR) ("X-Terra")
is pleased to announce it has received the final results with
respect to its heliborne time-domain electromagnetic survey on its
100% owned Troilus East Property. Based on the results of this
survey X-Terra has acquired by map staking an additional 31 mining
claims increasing the size of its Troilus-East Property to almost
7,000 hectares.
The Troilus-East Property is located less than
two kilometres from the former Troilus mine (2M oz Au + 70,000 tons of Cu) in the province of
Québec, now owned by Troilus Gold Corp. where Troilus Gold Corp.
recently announced drill results of 136 metres of 1.1 g/t Au Eq
(see Troilus Gold Corp press release dated
May 7, 2019).
According to the final report of the heliborne time-domain
electromagnetic survey, some EM anomalies can be followed on more
than one line and outline conductive lineaments. In addition, most
of the EM anomalies are located in close proximity to magnetic
anomalies, which indicates that sulphides (including pyrrhotite)
are likely to compose at least part of the conductive
sources. Based on the results of this heliborne time-domain
electromagnetic survey and of its recently completed detailed
airborne magnetic survey (See X-Terra's press release dated
January 23, 2019), X-Terra intends to perform an
exploration program during the 2019 summer on its Troilus-East
Property to identify additional geological contexts with similar
characteristics to that of the Troilus gold-copper mineral
deposit.
X-Terra is also pleased to report that Mr. Robert Fraser will be a consultant to X-Terra
for its Troilus East Property. Mr. Fraser, a Professional
Geologist, APGO Reg. #0301, was instrumental in the
exploration and evaluation of the Frotet-Evans greenstone belt for
Kerr Addison Mines between 1984-1988
and Minnova Inc. which included the discovery of the past producing
Troilus Gold Copper mine. Mr. Fraser's extensive
knowledge of the geology in the area including satellite
occurrences, including the host wall rocks and associated
alteration, will bring a wealth of knowledge and exploration
experience for the advancement of X-Terra's 100% owned Troilus East
Property.
"We are extremely pleased Mr. Fraser has decided to work with
X-Terra's team on its Troilus East Property. His contribution will
play an important role in X-Terra's exploration efforts for this
upcoming exploration season" stated Michael
Ferreira, President and Chief Executive Officer of X-Terra
Resources.
Qualified person
Mr. Jeannot Théberge, P. Geo, a consultant to X-Terra Resources,
is the qualified person for the Troilus-East Property under
National Instrument 43-101 - Standards of Disclosure for Mineral
Projects, responsible for 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 precious metals and energy 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.
Website: www.xterraresources.com
SOURCE X-Terra Resources Inc.