Xtra Energy Corp., Announces Review of Historical Data Indicating Potential Significant High-Grade Reserve of Antimony Present at the Arrance Prospect. Historical reports Indicate an Approximate ONE Million Tons of Inferred Reserve with Purity over 50% Antimony
Xtra Energy Corp. (OTC PINK:XTPT) announced promising findings on its Arrance Prospect after reviewing geological reports and production records. These indicate approximately 1,045,000 tons of possible reserves, primarily antimony, with 60,000 tons already developed. The historical data supports a projection of 985,000 tons of ore at an average price of $2,900 per ton. The company aims to develop partnerships and locate additional antimony deposits in the Bernice Mining District. Chairman Mac J. Shahsavar emphasized the significance of these inferred reserves.
- Acquisition of Arrance Prospect indicates 1,045,000 tons of possible reserves.
- Historical data suggests 985,000 tons of high-grade antimony ore available.
- Average market price of antimony estimated at $2,900 per ton.
- Potential to develop partnerships for supply given inferred reserves.
- None.
AUSTIN, TX / ACCESSWIRE / September 26, 2022 / Xtra Energy Corp. (OTC PINK:XTPT) is excited to share that after review of production records, maps, and geological reports on the recently announced acquisition of Arrance Prospect (see 9/20/2022 Company News), promising data on possible reserves were located.
What are possible reserves? Possible Reserves represent valuable mineralization not sampled enough to accurately estimate its tonnage and grade, or even verify its existence also called "inferred reserves." Located in a 1970 memorandum and property report by D.L. Evans "consulting geologist"(see July 19th, 1970 Memorandum) Xtra Energy is given detailed guidance on integral Antimony mines that made up the Bernice Canyon, Nevada.
Historical data and maps as authored by Geologist D.L. Evans indicates a total of 1,045,000 tons possible in the Arrance Prospect split between a south upper tunnel 20ft wide and lower tunnel 14ft wide. A total of 60,000 tons of that 1,045,000 tons marked as currently developed leaving the bulk behind. This historical evidence makes the ownership of this mine a substantial find. No records of further production have been noted since these 1970 reports leaving Xtra Energy confident this reserve is still present.
The historical production records that are accessible for Bernice, Nevada also give great insight into the purchase requirements of ore from this area. The lowest grade of ore purchased was
The XTPT Chairman Mac J. Shahsavar, P. Eng. commented "In our last release I stressed the importance of proving up a portfolio of antimony-rich assets to progress towards partnerships for supply. The Arrance Prospect is accomplishing exactly that with the introduction of an inferred reserve. In conjunction with progressing this reserve towards an indicated status we will strive to locate the many other antimony deposits hidden within the Bernice Mining District. The inferred reserve will also enable Xtra Energy to begin discussions with the appropriate parties for partnerships to develop and supply Antimony ore."
*Arrance Prospect index map from 1970 memorandum.
*ore reserves for the Arrance Prospect from 1970 memorandum
*Conclusions from 1970 memorandum
Contact & Learn More:
Xtra Energy Corporation
Phone: 512-412-3636
Corporate Website: https://americanantimony.com/
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About Xtra Energy Corp.
Xtra Energy Corp. is an antimony exploration company focused on developing its flagship project "American Antimony". Known in historical records as the "Antimony King Mine" located approximately 31 miles northeast of Eastgate, Nevada. Xtra Energy Corp. holds a
FORWARD-LOOKING STATEMENTS:
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SOURCE: Xtra Energy Corp.
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FAQ
What reserves has Xtra Energy Corp. reported for the Arrance Prospect?
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