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X-Terra Resources completes geochemical sampling program at the Grog target
ROUYN-NORANDA, QC, Aug. 10, 2020 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("X-Terra") is pleased to announce that it has completed a s
About this update from Comet Lithium Corp
[{"type":"text","content":" ROUYN-NORANDA, QC, Aug. 10, 2020 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) (\"X-Terra\") is pleased to announce that it has completed a soil sampling program over the Grog target, on the Grog property located in Restigouche county, New Brunswick. Following the interpretation of field data, including the first phase of drill testing (see X-Terra press release dated May 5, 2020), a detailed ground IP geophysics survey will be commencing this week with the goal of further validating targets for a drill program planned for later in 2020. To date, the Grog area has only been tested by three diamond drill holes totalling 600 metres drilled on one section. The gold bearing structure was intersected by hole GRG-20-012 with a result of 0.46 g/t over 31 metres. Geological interpretation and the geophysical signature of the Grog area identified targets which are parallel to the GRG-20-012 discovery. The exploration footprint of the Grog system corresponds to an area extending approximately 2 kilometres following an east-west trend. The Grog system is located close of the Bathurst mining camp in the northern Appalachian Belt. X-Terra sees similarities with the Haile gold deposit currently in production by OceanaGold (TSX: OGC). The Haile gold mine deposit, located in South Carolina, presents many important similarities which can be used to better define an Appalachian type of gold deposit, and provides a geological model for an economic target in the Grog context. Geological characteristics* Grog, New-Brunswick (grass root exploration, drilling stage) Haile, South Carolina (producing mine) Part of a subduction zone-oceanic island arc complex. Transition from volcanism to shoal sedimentation. Mineralization mainly hosted in fine grain sediments. X X Long life asymmetrical folded structure of north-east orientation with sub-parallel faults and shear zones controlling mineralization. X X Different event of quartz and quartz-carbonate veins within stockworks and breccia. X X Alteration within mineralization: early massive silicification, later matrix filling with sericite and local K feldspar. Moderate pyrite: 1-10% Peripheric alteration: Chlorite-calcite-epidote X X Disclosure: This information is strictly for deposit model comparisons and does not imply the Company's property may host similar quantiti...