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X-Terra Resources signs Letter of Intent to acquire 100% interest in properties in New-Brunswick on which a grab sample has returned high grade gold
The acquisition encompasses four mining properties, including the new gold discovery made on the Grog Brook gold property near Saint-Quentin in New Brunswick. T
About this update from Comet Lithium Corp
[{"type":"text","content":" The acquisition encompasses four mining properties, including the new gold discovery made on the Grog Brook gold property near Saint-Quentin in New Brunswick. The grab sample analytical result shows 1,315 g/t Au. The grab samples are selected samples and are not necessarily representative of the mineralization hosted on the whole property. ROUYN-NORANDA, QC, Sept. 25, 2018 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) (\"X-Terra\") is pleased to announce it has signed a Letter of Intent on September 23, 2018 (the \"Letter of Intent\") with a private company and a prospector (the \"Optionors\") to explore large property packages in the Province of New Brunswick. Upon signing of a definitive formal agreement with the Optionors, X-Terra will have the exclusive right to acquire a 100% undivided ownership interest in 34 mining claims comprising four mining properties located approximately 30 kilometres (direct flight) south west of the town of Campbellton in the Province of New Brunswick, Canada (the \"Properties\"). Certain of these 34 mining claims are comprising part of the newly discovered Grog Brook gold system and the RIM target within the Grog Brook gold system yield a sample with 1,315 g/t Au and 85 g/t Ag. A Duplicate gave 1,230.42 g/t Au, (Tim Lavoie Prospection report January 17, 2017 – Grab sample #0969067). A total of 20 samples were taken during that prospection campaign, grading from 5 ppb to 1,315 g/t Au. The grab sample grading 1,315 g/t Au was selected from the RIM vein where visible gold was also present. The grab samples are selected samples and are not necessarily representative of the mineralization hosted on the whole property. This 2017 high grade sample on the RIM vein is exceptionally high, similar to the 677 g/t Au collected by Fancamp in 2015. A total of nine grab samples collected by Fancamp in 2015 on the RIM vein range from 0.07 g/t Au to 677 g/t Au. The work was done with site visit of the provincial resident geologist of New Brunswick, Mr. Jim Walker. The Grog Brook gold system is located east-north-east of the town of Saint-Quentin in New Brunswick. On the Grog Brook Property gold is disseminated in felsic porphyritic dykes, shear zones and quartz veining, hosted by meta sedimentary rocks (sandstone ...