Business
X-Terra Resources announces new discovery expanding the Grog mineralization footprint to 1.3 kilometres and remains open
ROUYN-NORANDA, QC, Oct. 11, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce that it has completed its first strip
About this update from Comet Lithium Corp
[{"type":"text","content":" ROUYN-NORANDA, QC, Oct. 11, 2019 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce that it has completed its first stripping and trenching program at the Grog and Northwest properties, both located in the Restigouche county in the province of New Brunswick. The program was initiated on the Grog property to follow up and explore the high priority chargeability anomalies over two distinct trends, both measuring over 9 kilometres following the McKenzie regional strike slip fault (See X-Terra Resources' press release dated July 24, 2019). The geology of the area is known only from regional mapping and is composed of sediment domains of the Appalachian fold and thrust belt. The X-Terra Resources exploration team focused on defining a pluri-kilometric dyke swarm associated with feldspathic and argillic alteration halos, pyritization and open space quartz veining and breccia. The new discovery, the Bellevue showing, returned a gold value of 2.24 g/t from a 1 metre chip sample. The result was obtained from trenching at a depth of approximately 2 metres in a weathered and oxidized bedrock. Given the concealed nature of this oxidized bedrock, the team decided to restrict the size of the trench until results were obtained. Given that positive results have now been achieved, the Corporation can now move forward with the following stripping program slated to debut shortly, in order to properly evaluate the thickness, length and orientation of the mineralized structure. The new sampling area is located at 1.3 kilometres southwest of Grog gold showing (See X-Terra Resources' press release dated July 24, 2019) cross cutting a north-east magnetic lineament which correlates with Grog. A historical boulder result had already indicated the possibility to find gold in the area. To date, conglomerate facies and open space veining observed in the trench are similar with those of Grog. Michael Ferreira, President and CEO of X-Terra Resources states \"This was an important step, as it demonstrates the probability of identifying the bedrock source of additional gold showings in the Grog property environment where the bedrock almost never outcrops. While the exact geometry and extension of the Bellevue gold showing remains unknown, the geological team took note of an important trend of arsenic and antimony towards ...