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News Update

TICKERS: XTT; XTRRF

Gold Company Begins Exploring Quebec Property
News Update

Source:

X-Terra Resources began its 2020 exploration program its Troilus East property on northern Quebec's Frotet-Evans greenstone belt.

X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) began its 2020 exploration program its Troilus East property on northern Quebec's Frotet-Evans greenstone belt, it announced in a news release.

In the campaign's first phase, the team will prospect and sample already defined targets and, if appropriate, conduct manual outcrop stripping and channeling. Further, if the results warrant it, an induced polarization survey may be done, the company indicated.

X-Terra's Troilus East land package spans 22 kilometers (22 km) along the Frotet-Evans belt, encompasses 182 mining claims and is less than 2.5 km away Troilus Gold's project.

There, Troilus Gold has recently discovered multiple areas of surface mineralization. One demonstrated 110 grams per ton gold about 1 km from its J4 open pit, which the company stated suggests that high-grade mineralization is present in the area. Also, the existing Measured and Indicated resource at Troilus Gold's gold-copper project is a reported 6.4 million ounces of gold equivalent.

Thus, "the potential to identify new near-surface gold occurrences over XTerra's Troilus East property remains high," X-Terra President and CEO Michael Ferreira said in the release.

The Canadian exploration company also announced that it temporarily curtailed its work in New Brunswick due to COVID-19-related travel restrictions.

Note: an earlier version of this article stated X-Terra's has a $22 million financing, but that financing was for Troilus Gold.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with X-Terra Resources. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of X-Terra Resources, a company mentioned in this article.




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