Business
X-Terra Resources Drills New Gold Discovery at Grog Property in New Brunswick
ROUYN-NORANDA, QC, May 5, 2020 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) ("X-Terra") is pleased to announce it has drilled a new gold b
About this update from Comet Lithium Corp
[{"type":"text","content":" ROUYN-NORANDA, QC, May 5, 2020 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) (\"X-Terra\") is pleased to announce it has drilled a new gold bearing structure at the Grog target on the Grog Property located in Restigouche county, New Brunswick. The mineralization style continues to highlight strong characteristics of an epithermal system. Hole GRG-20-012 identified gold (\"Au\") mineralization over a significant width with one interval of 0.41 g/t Au over 36 metres along the hole, which includes 0.46 g/t Au over 31 metres and includes 7.59 g/t Au over 0.6 metres located at a vertical depth of 81 metres under the Grog showing. Michael Ferreira, President and Chief Executive Officer of X-Terra states, \"This is a significant exploration breakthrough on a property that's never been drilled and reinforces our expectations that a large epithermal system is present. While more in-depth geological work, which includes drilling is needed, X-Terra's management believes that the 11 holes (1,499 metres drilled) only covered a very small fraction of the targeted environment. Reaching a significant mineralized interval this shallow (from 107 metres to 143 metres, in GRG-20-012) is a milestone we were relentlessly pursuing after completing the limited field exploration programs based predominately on roadside trenching. The information obtained in this program will allow the detailed follow up on the Grog target but also allow X-Terra to refine and generate more high priority targets carrying the same geological characteristics to that of the Grog target. This provides a monumental shift moving forward.\" Adding these results and data to our database has resulted in the hypothesis that, hole GRG-20-012 may have cross-cut a north to north-east oriented lens. Strong intercept angles of mineralized quartz veins observed along the core suggest we are close to true thickness. Significant additional drilling will be required to define the exact dip and plunge of the mineralized lens and the true width and extent of this discovery. The series of 11 holes is split into three clusters comprising of three to four holes distributed over a target area of about 1.6 kilometres following the North-East regional trend associated with the McKenzie Gulch regional fault. Targets Best Results DIP (o) Azimu...