'X' Marks the Spot for X-Terra Resources Whose Commitment to Quality Is Set To Pay Off

X-Terra Resources is set on following the footsteps of their neighbors such as Troilus Gold whose

exploration activity has yielded them exceptional results. (Pictured: Troilus Gold Open Pit Mine in Northern Quebec)

X-Terra Resources (TSX: XTT OTC: XTRRF) , a mineral exploration company, is aiming on discovering new frontiers and following in the footsteps of their neighbors. With three highly prospective properties throughout Canada, strong management team and a disciplined approach, the company is aiming to be the next junior mining company to become a household name.

Quality Over Quantity

The company's philosophy of sticking to quality over quantity has allowed it to focus its efforts on a limited number of high quality properties, one of which has already been proven a success by neighboring junior exploration companies such as Troilus Gold, Kenorland & Urbangold. The management team, who has over 60 years of experience combined when it comes to mineral exploration, advisory and financing, is aiming to follow the very same footsteps when drilling commences in 2021.

X-Terra Resources philosophy of quality over quantity has allowed it to focus on three highly prospective properties. (Source: Investor Deck)

Enormous Potential Of Troilus East Property

Troilus East, a property located in Northern Quebec within the Frotet-Evans greenstone belt, has seen very limited exploration unlike the Abitbi Greenstone belt, thus offering massive untapped potential. This potential was already proven by Troilus Gold TSX who delineated 8.11 million ounces of gold equivalent (8.11 Moz Au eq). The Troilus East Property is located adjacent to this Troilus Gold property. One thing to note is that since 2016 when Troilus Gold acquired the parcel of land, the total indicated resources has increased by 142% and total inferred resources by about 350%.

Most recently, Troilus Gold acquired neighboring Urbangold for $19M in an all share transactions. Urbangold Minerals as known by its full name, was a Quebec focused gold exploration company who held key land positions in the Troilus-Frotet belt, in addition to other non-core properties throughout the province. Following the acquisition of Urbangold, X-Terra Resources is now one of the three companies left that hold unique key properties within the Troilus-Frotet belt, thus making the company an acquisition target.

According to the Ministry of Energy and Resources of Quebec, the property contains two zones of high favorability for orogenic gold, VMS deposits and intrusion-related Au-Cu porphyry mineralization. These are all highly favorable characteristics that an investor would consider when researching junior exploration companies.

As of May 28th 2021, X-Terra has officially started drilling at the Troilus East Property. The drilling will consist of 12 holes ranging from 150-200 metres each that will test geochemical anomalities that were most recently identified by the company in December 2020. This is in addition to the IP geophysical anomaly that is coincident with the principal geochemical anomaly, a very promising sign. The drilling commenced two days after Kenorland's drill results within the Frotet project where they intersected 90.56 g/t AU over 5.72m.

"We have worked very diligently to prepare this important drill program at Troilus East. Following the most recent news from Kenorland and their fantastic drill results (see Kenorland Minerals Ltd. KLD3WQ, we are excited to be drilling in such an active and prolific greenstone belt, let alone the fact X-Terra is one of the few remaining companies actively exploring this area in close proximity to Troilus Gold (TLGCHXMF and Kenorland."

Michael Ferreira on the commencement of drilling of Troilus East

X-Terra Resources is holding key positions within the Frotet-Evans Greenstone Belt. (Source: Investor Deck)

Gold System within Grog Property

Grog, a property located in northern-eastern New Brunswick that covers more than 280km² has excellent potential to produce results. The exploration on this property is mainly focused on gold, hosted within sedimentary rocks. There has been very little recognition of porphyry and epithermal styles of mineralization in New Brunswick, however, X-Terra is looking to change that with the exploration and the recent gold discovery of the Grog property.

The property which is composed of flyshic sediments and epithermal characteristics has many similarities of the Appalachian Belt between the Haile gold deposit in South Carolina. Discovered in 1827, the Haile Gold Mine was one of the first and most profitable operating gold mines in the United States. Now run by Oceanagold, the mine's 2021 production guidance is 150,000 to 170,000 oz of gold. Early research of the property show a history of sedimentary, magmatic, hydrothermal and tectonic events that likely have fostered gold deposition.

Gold Bearing Veins in the Northwest Property

Northwest Property is located in a highly favourable geological landscape, composed of flyshic sediments. This is based on a discovery of visible gold in quartz veins by Tim Lavoie, a local prospector in 2015. In addition, a 2018 large scale till sampling found gold grains over a 5 KM² area in which led to three short drill holes to be completed in Winter 2020. The first result produced a 6.9 g/t AU over a 0.6 metres alongside with sandstone and siltstone contact. Further exploration in the fall of 2020 saw 4 holes drilled at its RIM vein target, successfully identifying a 9.5 metre cluster of gold bearing veins. As well, a large scale bulk sample and metallurgical recovery test was completed on 129 kilograms of the vein material at surface which returned an average grade of 79 g/t AU. A a second drill program conducted in February 2021 discovered visible gold and the interception of quartz veining zones associated with disseminated sulfides.

"This program served to test the fold hinge at the Rim vein target, which is believed to be controlling the high grade mineralization that has yielded grades up to 1,205 g/t Au at surface. To discover visible gold in the early stages of this drill program validates our exploration methodology and is an extremely exciting development, not only for X-Terra but also the province of New Brunswick."

Michael Ferreira, President and Chief Executive Officer of X-Terra on the discovery of visible gold.

Most recently as of May 2021, the company announced that they drilled gold in 5 of eight holes at the RIM target on the Northwest property. Two holes intersected a wide gold bearing stockwork which returned isolated grades between 1.0 and 3.2 g/t Au over core lengths varying between 0.4 and 1.3 metres.

X-Terra Resources has identified various RIM showings AU values from 4.5 g/t Au to 1205.1 g/t Au (Source: Investor Deck)

Proven Results & Dedicated Management Team

X-Terra Resources and neighboring junior exploration companies have proven that the company's portfolio of properties are of high quality and worth exploring. With an attractive balance sheet, tight share structure of 79 million & low market capitalization of 7M, X-Terra Resources represents a strong risk/reward scenario to go along with a dedicated management team who is committed to achieving strong results for their shareholders.

X-Terra Resources boasts a strong balance sheet along with limited liabilities. (Source: SimplyWallSt)

In addition, properties such as Troilus East, Grog and Northwest have propelled the company to the spotlight and make them a highly desirable acquisition target, particularly due to activity happening in Troilus East. With drilling having recently been commenced in Troilus East, we can expect more eyes to be on the company as demonstrated by their competitors, Troilus Gold and Kenorland.

Disclosure: This article was written by our staff and expresses our own opinion. We are receiving compensation to cover X-Terra Resources. In analyzing historical public data, we have relied on the information provided from such disclosure sites to be accurate and complete. The materials we have generated based on this information are replicable from this data, assuming the proper settings and filters are being applied. For more information, please contact us at support@wealthhub.ca