ROUYN-NORANDA, QC, Jan. 18, 2018 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce it has commenced its first drill program on the eastern extension of the Veronneau property. This is the first time ever that this area of the property has seen any drilling. The program will consist of up to 1,000 metres of drilling and range between 200 and 300 metres in length. The main focus of the drill program will be to test the conductive anomalies located one kilometre WSW of the LEJ showing (see X-Terra Resources' press release dated January 10, 2018, for more information).
After numerical modeling of the final data, the conductive anomalies are located at the base of a high mag anomaly. Based on the geology further to the west, the magnetic anomaly could correspond to mafic/ultramafic rocks. According to the LEJ values, the drill program is designed to test the potential of magmatic nickel sulphide mineralization at the base of a mafic-ultramafic sill.
"We look forward to completing the program in a relatively short period of time. This is just one of the exciting exploration targets at the Veronneau property" stated Michael Ferreira, President and Chief Executive Officer of X-Terra Resources.
Qualified Person
Mr. Jeannot Théberge, PGeo, a consultant to X-Terra Resources, is the qualified person for the Veronneau property under National Instrument 43‑101 Standards of Disclosure for Mineral Projects responsible for the technical contents of this news release, and has approved the disclosure of the technical information contained herein.
About X-Terra Resources Inc.
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and energy properties in Canada. X-Terra Resources currently has 25,648,389 common shares issued and outstanding.
