Mr. Michael Ferreira reports
X-TERRA RESOURCES CONGRATULATES WINSOME ON MAJOR DISCOVERY AT ADINA LITHIUM PROJECT AND SIGNS GEOPHYSICAL CONTRACT
X-Terra Resources Inc. is excited by the recent Winsome Resources drill results which announced discovery hole AD-22-005 at its Adina project with mineralization grading 1.34 per cent Li2O (lithium oxide) over 107.6 metres (see Winsome press release dated Jan. 6, 2023). The Adina project lies directly adjacent and on strike to X-Terra's 100-per-cent-owned Liberty lithium property in James Bay region, Quebec (see X-Terra's press release dated June 8, 2022). This new information, along with the location of the numerous pending assays from Winsome, will play a significant role in X-Terra's forthcoming exploration campaign.
"We have been looking forward to the release of these results since the recent drilling announcement Winsome made back in October, 2022. This is another world-class drill hole for lithium in James Bay and our excitement only continues to grow knowing that we are very well positioned to expand the Adina major lithium pegmatite system," stated Michael Ferreira, president and chief executive officer of X-Terra.
To accelerate the exploration process, X-Terra recently signed a contract with Prospectair Geosurveys to carry out a high-resolution heliborne magnetic survey over the Liberty project as well as its other lithium properties in the James Bay region of the province of Quebec.
The survey is for a total of 2,496 line kilometres. Furthermore, in order to acquire detailed information over the Liberty project, 50-metre line spacing was used, as this has proved to be the most important factor in interpreting structures and rock formations, especially where rocks are not outcropping. X-Terra will communicate the results as soon as the contractor provides the final report which is expected in the coming weeks.
Jeannot Theberge, PGeo, registered in the province of Quebec, a consultant to X-Terra, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and lithium properties in Canada.
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