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X-Terra Resources to acquire ownership of 100% interest in four mining claims comprising part of the Veronneau Gold Property in Québec
X-Terra Resources to acquire ownership of 100% interest in four mining claims comprising p...
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[{"type":"text","content":"\n\n\n\nX-Terra Resources to acquire ownership of 100% interest in four mining claims comprising part of the Veronneau Gold Property in Québec\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\nX-Terra Resources to acquire ownership of 100% interest in four mining claims comprising part of the Veronneau Gold Property in Québec\nCanada NewsWire\nROUYN-NORANDA, QC, Dec. 7, 2016\n\n\n\nROUYN-NORANDA, QC, Dec. 7, 2016 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) announced that it has entered into an agreement to purchase a 100% interest in four mining claims comprising part of the Veronneau Gold Property (the \"Property\"), located in the Eeyou Istchee/Baie-James Territory, 135 kilometres north of the town of Matagami in the Province of Québec.  \n\nThe Property is covering an area of approximately 216.56 hectares (2 km2) on the Colomb-Chaboullié volcanic belt.  Historical work on the Property was last carried out by Cambiex in 1994 and showcased a drill intersection with results of 8.37 Au g/t (ppm) over a width of 3.9 metres consisting of pyrrhotite stringers (10-15%) in silicified metabasalts (the \"Lac Marcaut Showing\"). Additional positive intersections made by Cambiex obtained results of 7.0 Au g/t (ppm) over a width of three (3) metres and 6.90 Au g/t (ppm) over a width of two (2) metres.  The foregoing historical information is derived from a report filed by Cambiex Exploration with the Ministère de l'Énergie et Ressources Naturelle (Québec) (the \"MERN\") in 1994 (reference: Riopel, Jules, Rapport technique des travaux, campagne 1994, propriété Lac Marcaut, Cambiex Exploration - GM 53629). \n\nAn electromagnetic survey highlighted the continuity of the auriferous mineralization up to two kilometres south-west of the Lac Marcaut Showing.  Additionally, the Lac Marcaut Showing is located approximately 13.7 kilometres to the north-east of the new Veronneau gold showing located in the same stratigraphic unit (see X-Terra Resources' press release dated November 22,...