Toronto, Ontario–(Newsfile Corp. – January 5, 2021) – Xtierra Inc. (TSXV: XAG) (“Xtierra” or the “Firm”) has accomplished the primary two drill holes and 732 meters of a deliberate 5 drill holes totaling 1500 meters into beforehand recognized areas of high-grade silver mineralization. Drill core samples shall be despatched to an SGS laboratory in Durango with outcomes anticipated by the top of the month. Present drilling is positioned adjoining to and west of the primary Bilbao Silver-Lead-Zinc deposit. The target of drilling these two holes is to substantiate the continuity of the high-grade silver values to the northwest between drill holes X42 and X75 and to the south between drill holes X84B and X96 that are 100 meters aside. The third gap will check the continuity between the 2 finest drill gap ends in X26 and X40-1.
Key prior drilling outcomes (silver solely) from the interval 2010-2013 (See July 7, 2010 and June 27, 2011 PRs) are summarized under. This high-grade silver zone referred to as the Victor Vein runs north-south over a strike size of roughly 500 meters (see map under).
|Drill Gap||From||To||Metres||g/t Ag|
“Xtierra’s prior drill campaigns and exploration in 2010-2013 recognized eight targets for potential satellite tv for pc mineralization round the primary Bilbao polymetallic deposit. The desk above supplies robust proof of potential further vital silver assets which require additional drilling to arrange a 43-101 report. With the much-improved outlook for silver costs, approaching the US$30 per ounce degree used within the 2014 RungePincockMinarco (Canada) Restricted (RPM) PEA, we’re enthusiastic about these silver targets doubtlessly rising the worth of the Bilbao deposit. Xtierra invested over $30 million at Bilbao,” commented Tim Gallagher, President.
Traditionally, samples from half-core had been ready on the Stewart Group laboratory in Zacatecas and analyzed for multi-element content material utilizing ICP-MS by Stewart Group in Kamloops, British Columbia. Requirements and blanks had been used commonly for high quality management. Important mineralized intervals are reported within the desk as core lengths and estimated true thickness (70 to 95 per cent of core size).
Certified Particular person
Scientific and technical info disclosed on this press launch was ready by or beneath the supervision of and authorised by Gerry J. Gauthier, P. Eng., a Director and former President of the Firm and a ‘certified individual’ inside the that means of NI 43-101.
About Xtierra Inc.
Xtierra is a pure useful resource firm with treasured and base metallic mineral properties within the Central Silver Belt of Mexico within the State of Zacatecas and is pursuing new alternatives together with figuring out and evaluating new potential royalty acquisitions.
Xtierra holds a 100% curiosity, topic to a 1.5% web smelter royalty repurchased in July 2019, on the Bilbao challenge silver-lead-zinc-copper challenge positioned within the southeastern a part of the State of Zacatecas.
Xtierra owns 88% of the excellent shares of Minera Portree de Zacatecas, S.A. de C.V (“Minera Portree”) which holds varied authorized or royalty pursuits in sure mineral properties in Mexico, together with the Firm’s Bilbao property, and an asserted declare to a 2% web smelter royalty on six mining concessions positioned adjoining to the Cozamin Mine operated by Capstone Mining Corp., which declare is challenged by Capstone.
John F. Kearney
President & Director
Neither the TSX Enterprise Change nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.