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Transaction Announcement Reports
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Project: | Ducran | |
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Deposit: | Ducran | |
Location: | Canada | |
Commodities: | Gold-Silver-Cobalt-Copper-Nickel | |
Date: | 10/31/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 31-10-2017: X-Terra Resources Inc. announces an Exploration/Drilling Update report for its Ducran deposit at the Ducran project. Drilling results incl. 5.85m @ 0.04g/t Au, 0.68g/t Ag, 0.02% Co, 0.32% Cu, 0.5% Ni. ROUYN-NORANDA, QC, Oct. 31, 2017 /CNW Telb | |
Resources: | x | |
CP/QP: | [Overall Report]: Jeannot Theberge (Internal) | |
ABSTRACT: | ROUYN-NORANDA, QC, Oct. 31, 2017 /CNW Telbec/ - X-Terra Ressources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce the results of channel sampling as well as the results from the three (3) exploratory drill holes (totalling 294 metres) from the X-Terra Resources' 100% owned Ducran property located 15 kilometres south of the town of Chapais in the province of Québec (maps of work can be viewed here). X-Terra Resources completed these stripping and drilling works throughout its due diligence review for the acquisition of the Ducran property (see X-Terra Resources' press releases dated September 20, 2017 and October 16, 2017). The drilling program was carried out by Chibougamau Diamond Drilling based in Chibougamau, Québec. Package 1 and 2 are associated to pyrrhotite (1 to 30%) and chalcopyrite (trace to 6%) stringers in the mafic schist. Package 3 has only been observed in hole DC17-02 in a felsic fragment containing up to 25% sphalerite within the mafic schist (shear zone). "The unique polymetallic mineralization we encountered in this renowned mining district is a big step for X-Terra as the results highlight a very prospective horizon that historically has never been tested both laterally and at depth. We are encouraged by the results and will be moving forward with a follow up exploration program" stated Michael Ferreira, President and Chief Executive Officer of X-Terra Resources Inc. | |
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