X-Terra Resources signs definitive agreement for the acquisition of 100% interest in the Ducran polymetalic property

Oct. 16, 2017 09:01AM PST

X-Terra Resources Inc. (TSXV: XTT) (FRANKFURT: XTR) is pleased to announce that it has entered into a definitive agreement with a private prospector, pursuant to which X-Terra will acquire a 100% undivided ownership interest in the Ducran property as referred to in X-Terra’s press release of October 20, 2017. The Ducran property is comprised of 28 mining claims located in the Eeyou Istchee/Baie James Territory, 15 kilometres south of the town of Chapais in the province of Québec.
As quoted in the press release:

The 28 mining claims are located at the eastern extremity of the Abitibi Subprovince which contains the Chibougamau mining camp (Doré Lake and Chibougamau Lake sectors; historical production: 47.5 tonnes at 1.72% copper, 2.30 gram/ton gold, 1.6 billion pounds of copper and 3.2 million ounces of gold) and the Chapais mining camp (historical production: 24.2 tonnes at 2.24% copper, 1.13 g/t gold; 1.1 billion pounds of copper, 0.8 million ounces of gold and 8.2 million ounces of silver) (source: report with the Ministère de l’énergie et ressources naturelles (Québec)).

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