ROUYN-NORANDA, QC, May 18, 2021 /CNW/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("X-Terra") is pleased to announce that it has received its drill permit for the inaugural drill program at the Troilus East property located in the James Bay region in the Province of Qubec, and that it has engaged Forage Hbert of Amos, Qubec to carry out a drill program.
The drill program will consist of 12 diamond drill holes over three unique targets which will include eight holes over the high priority anomaly recently identified by the ground IP geophysics (see X-Terra's press release dated April 27, 2021). The high chargeability – low resistivity anomaly highlights a complex shape with an apparent width varying between 50 and 400 metres, and length of over 800 metres. The anomaly indicates responsive sources located from the surface down to 200 metres in depth. The drill targets are designed to crosscut the entire width of the anomaly as well as test its extensions. Previous exploration programs returned gold and base metals soil anomalies as well as positive sporadic grab samples, all of which coincide with the high priority IP anomaly.
Due to the low density of outcrops, X-Terra transitioned toward indirect exploration methods such as soil geochemistry and ground geophysics. The geochemistry signature of the target area, like the extension and internal complexity of the IP anomaly is reminiscent of the Troilus deposit of Troilus Gold Corp., which is located about three kilometres north-north-west in a similar geological context.
Michael Ferreira, President and Chief Executive Officer of X-Terra, stated; "Commencing this inaugural drill program marks an important milestone for X-Terra and its exploration team. The recent geochemical results combined with our ground exploration and IP geophysics provides robust signatures, and a great opportunity for success for X-Terra."