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X-Terra Resources signs definitive agreement for the acquisition of 100% interest in the Ducran polymetalic property
X-Terra Resources signs definitive agreement for the acquisition of 100% interest in the D...
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[{"type":"text","content":"\n\n\n\nX-Terra Resources signs definitive agreement for the acquisition of 100% interest in the Ducran polymetalic property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nROUYN-NORANDA, QC, Oct. 16, 2017\n\n\n\nROUYN-NORANDA, QC, Oct. 16, 2017 /CNW/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce that it has entered into a definitive agreement with a private prospector, pursuant to which X-Terra will acquire a 100% undivided ownership interest in the Ducran property as referred to in X-Terra's press release of October 20, 2017. The Ducran property is comprised of 28 mining claims located in the Eeyou Istchee/Baie James Territory, 15 kilometres south of the town of Chapais in the province of Québec. \n\nThe 28 mining claims are located at the eastern extremity of the Abitibi Subprovince which contains the Chibougamau mining camp (Doré Lake and Chibougamau Lake sectors; historical production: 47.5 tonnes  at 1.72% copper, 2.30 gram/ton gold, 1.6 billion pounds of copper and 3.2 million ounces of gold) and the Chapais mining camp (historical production: 24.2 tonnes at 2.24% copper, 1.13 g/t gold; 1.1 billion pounds of copper, 0.8 million ounces of gold and 8.2 million ounces of silver) (source: report with the Ministère de l'énergie et ressources naturelles (Québec)).\n\nThe evaluation work carried out by Michel Chapdelaine, Vice-President of Exploration and Development of X-Terra Resources in connection with X-Terra Resources' due diligence on the Ducran property consisted of stripping in two areas and drilling three exploratory holes.\n\nStripping work\n\n\nThe stripping work revealed ''volcanogenic'' alteration and mineralization (pyrrhothite and chalcopyrite stringers) in sheared (N108/71) diorite, quartz diorite and gabbro (the shear zone). \nDrill hole No. 1\n\n\nDrilled directly under the South-East end of trench A and intersected the shear zone (containing 20% of centimetric to metric diorite fragments) at a depth of 10 metres over a width of 9.85 metres (from 8....