Xtra Energy Corp. Announces the First Group of Historical Antimony Mines Recently Claimed

Rhea-AI Summary

Xtra Energy Corp. (OTC PINK:XTPT) announced the successful recording of a 40 lode claim on 825 acres in the Bernice Mining District, Nevada, including historical antimony mines I.H.X. and Arrance Antimony Prospect. The I.H.X. Mine previously produced significant quantities of antimony in the early 1900s. Chairman Mac J. Shahsavar highlighted the company's goal to develop a portfolio of antimony-rich assets to meet domestic demand. This strategic move aims to facilitate partnerships for antimony supply, enhancing Xtra Energy's market positioning.

Positive

• Acquired 40 lode claim on 825 acres in Nevada, potentially rich in antimony.
• Confirmed ownership of I.H.X. Mine and Arrance Antimony Prospect, historical antimony producers.
• Management emphasizes rapid growth plans and partnerships for antimony supply.

Negative

• None.

AUSTIN, TX / ACCESSWIRE / September 20, 2022 / Xtra Energy Corp. (OTC PINK:XTPT) announced today that it has disclosed the first group of historical antimony mines claimed by Xtra Energy Corp. Xtra Energy recently completed the required filing and recording of an 825 acre, 40 lode claim property in the Bernice Mining District surrounding the historically documented "Antimony King", County of Churchill, State of Nevada : view 9/14/2022 Company News. With that task completed Xtra Energy Corp. went promptly into an extensive mapping program of this 825 acre property. Thanks to this mapping program management is excited to share the confirmed ownership of the I.H.X. Mine and the Arrance Antimony Prospect. Two historical antimony producers both within the American Antimony #03 lode claim 100% owned by Xtra Energy Corp. shown in the aerial map below.

The I.H.X. Mine as described in historical records is about a mile and a half from the Antimony King Mine at an elevation of about 5,100 feet. The Chapman Smelting Co., of San Francisco, is said to have produced 50 tons of 50 percent antimony ore here in 1915 with expectations to produce 200 tons in 1916. In 1940 five tons of ore averaged 43.9 percent antimony were produced. The vein of the I.H.X. dips 60 degrees to the west, consisting of alternately bonded quartz and stibnite. The vein ranges up to 3 ½ feet in maximum width and contains shoots of nearly pure stibnite.

The Arrance Antimony Prospect as described by Lawrence, Edmond, in "Antimony Deposits of Nevada"; nbmg bull. 61 is on the south side of Bernice Canyon, 1.7 miles from its mouth, and about 40 feet above the canyon floor. Production of Antimony totaled less than half a ton but its composition is about the same as that found at the I.H.X. and Antimony King Mines. The southern still is exposed in the only working, here the sill is 17 feet thick, strikes North 5 degrees and dips steeply west. Stibnite occurs as veinlets up to three-fourths of an inch wide along fractures in the sill.

The XTPT Chairman Mac J. Shahsavar, P. Eng. commented "In the last press release I emphasized on rapid plans of growth for Xtra Energy Corp and this is only the introduction to that statement. We know to execute on this historical demand for domestic antimony we need to maintain an expeditious pace. This means proving up a portfolio of antimony-rich assets to progress towards partnerships for supply."

References I.H.X. Mine:

1. https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10104016
2. https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10107773
3. https://www.mindat.org/loc-60925.html
4. LAWRENCE, E.F., (1963), ANTIMONY DEPOSITS OF NEVADA; NBMG. BULL. 61.
5. WILLDEN, R. AND R.C. SPEED, 1974, GEOLOGY AND MINERAL DEPOSITS OF CHURCHILL COUNTY, NEVADA: NBMG BULL. 83

References Arrance Antimony Prospect :

1. https://mrdata.usgs.gov/mrds/show-mrds.php?dep_id=10045383
2. WILLDEN, R. AND R.C. SPEED; 1974, GEOLOGY AND MINERAL DEPOSITS OF CHURCHILL CO., NV; N.B.M.G. BULL. 83.
3. LAWRENCE, EF., 1963, ANTIMONY DEPOSITS OF NEVADA; NBMG BULL. 61

*aerial view of Xtra Energy's 825 acre, 40 lode claim Antimony project.

Contact & Learn More:

Xtra Energy Corporation
Phone : 512-412-3636
Corporate Website: https://americanantimony.com/
Corporate Linkedin: https://www.linkedin.com/company/xtra-energy-corp/
Corporate Twitter: https://twitter.com/xtra_corp

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 100% ownership in a 40 lode claim, 825 acre antimony project surrounding the historical Antimony King and covering several documented antimony producers. The Company is seeking to develop this portfolio of potentially antimony-rich assets to become a major supplier of antimony based products.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks anhttps://www.otcmarkets.com/stock/XTPT/disclosure.d uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/XTPT/disclosure.

SOURCE: Xtra Energy Corp.

View source version on accesswire.com:
https://www.accesswire.com/716713/Xtra-Energy-Corp-Announces-the-First-Group-of-Historical-Antimony-Mines-Recently-Claimed

FAQ

What did Xtra Energy Corp. announce on September 20, 2022?

Xtra Energy Corp. announced the recording of a 40 lode claim on 825 acres in the Bernice Mining District, Nevada, which includes historical antimony mines.

What is the significance of the I.H.X. Mine for Xtra Energy Corp.?

The I.H.X. Mine is a historical antimony producer that enhances Xtra Energy's potential to develop antimony-rich assets.

What are the growth plans mentioned by Xtra Energy Corp.'s Chairman?

Chairman Mac J. Shahsavar emphasized the need for rapid growth and forming partnerships to meet domestic antimony demand.

How does Xtra Energy Corp.'s acquisition of antimony claims affect its market presence?

The acquisition positions Xtra Energy as a potential major supplier of antimony-based products, leveraging its historical claims.

What historical production occurred at the I.H.X. Mine?

The I.H.X. Mine produced significant quantities of antimony ore in the early 1900s, with expectations for continued production.