STOCK TITAN

Xtra Energy Corp. Announces The Results of The Recently Completed Mapping and Sampling Program at The American Antimony Project Near Eastgate, Nevada

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Xtra Energy Corp. (OTC Pink:XTPT) has announced the results of a geological mapping and sampling program at its American Antimony Project near Eastgate, Nevada. The program, conducted between August 11th and 20th, 2024, revealed significant antimony mineralization along Bernice Canyon. Key findings include:

- Antimony values ranging from 98 ppm to 30.9% Sb
- Five grab samples of QSP-altered felsite with Sb values from 0.24 to 2.45%
- Four grab samples of felsite-hosted stibnite-rich veins with Sb values from 5.69-12.03%
- A northwest-to-north-trending felsite dike complex spanning 2.5 kilometers, closely associated with antimony mineralization

The company plans to secure permits for road repairs and undertake a drilling program to further explore the project's potential. CEO Mac J. Shahsavar expressed confidence in the project's long-term value for shareholders.

Xtra Energy Corp. (OTC Pink:XTPT) ha annunciato i risultati di un programma di mappatura geologica e campionamento presso il suo Progetto American Antimony vicino a Eastgate, Nevada. Il programma, condotto tra l'11 e il 20 agosto 2024, ha rivelato una significativa mineralizzazione di antimonio lungo il Bernice Canyon. I principali risultati includono:

- Valori di antimonio che variano da 98 ppm a 30,9% Sb
- Cinque campioni prelevati di felsite alterato da QSP con valori di Sb da 0,24 a 2,45%
- Quattro campioni prelevati di vene ricche di stibnite ospitate in felsite con valori di Sb da 5,69 a 12,03%
- Un complesso di dike di felsite orientato da nord-ovest a nord che si estende per 2,5 chilometri, strettamente associato alla mineralizzazione di antimonio

L'azienda prevede di ottenere permessi per lavori stradali e di intraprendere un programma di perforazione per esplorare ulteriormente il potenziale del progetto. Il CEO Mac J. Shahsavar ha espresso fiducia nel valore a lungo termine del progetto per gli azionisti.

Xtra Energy Corp. (OTC Pink:XTPT) ha anunciado los resultados de un programa de mapeo geológico y muestreo en su Proyecto American Antimony cerca de Eastgate, Nevada. El programa, realizado entre el 11 y el 20 de agosto de 2024, reveló una significativa mineralización de antimonio a lo largo del Bernice Canyon. Los hallazgos clave incluyen:

- Valores de antimonio que varían de 98 ppm a 30.9% Sb
- Cinco muestras puntuales de felsita alterada por QSP con valores de Sb de 0.24 a 2.45%
- Cuatro muestras puntuales de venas ricas en estibina hospedadas en felsita con valores de Sb de 5.69 a 12.03%
- Un complejo de pórfidos de felsita que se extiende de noroeste a norte, abarcando 2.5 kilómetros, estrechamente asociado con la mineralización de antimonio

La compañía planea obtener permisos para reparaciones de caminos y llevar a cabo un programa de perforación para explorar aún más el potencial del proyecto. El CEO Mac J. Shahsavar expresó confianza en el valor a largo plazo del proyecto para los accionistas.

Xtra Energy Corp. (OTC Pink:XTPT)는 네바다주 이스트게이트 인근의 American Antimony 프로젝트에서 지질 매핑 및 샘플링 프로그램 결과를 발표했습니다. 2024년 8월 11일부터 20일 사이에 실시된 이 프로그램은 Bernice Canyon을 따라 상당한 안티모니 Mineralizasion을 밝혀냈습니다. 주요 결과는 다음과 같습니다:

- 안티모니 값이 98 ppm에서 30.9% Sb까지 다양함
- Sb 값이 0.24에서 2.45% 사이인 QSP 변화가 있는 펠사이트의 5개 채취 샘플
- Sb 값이 5.69-12.03%인 펠사이트 내 스티비나가 풍부한 정맥의 4개 채취 샘플
- 안티모니 Mineralizasion과 밀접하게 연관된 2.5킬로미터에 걸쳐 뻗어 있는 북서쪽에서 북쪽 방향의 펠사이트 다이크 복합체

회사는 도로 수리를 위한 허가를 받고 프로젝트의 잠재력을 더욱 탐색하기 위한 드릴링 프로그램을 진행할 계획입니다. CEO Mac J. Shahsavar는 프로젝트가 주주에게 장기적인 가치를 제공할 것이라고 자신감을 나타냈습니다.

Xtra Energy Corp. (OTC Pink:XTPT) a annoncé les résultats d'un programme de cartographie géologique et d'échantillonnage pour son Projet American Antimony près d'Eastgate, Nevada. Le programme, réalisé entre le 11 et le 20 août 2024, a révélé une minéralisation significative d'antimoine le long du Bernice Canyon. Les principales conclusions incluent:

- Valeurs d'antimoine allant de 98 ppm à 30,9 % Sb
- Cinq échantillons de felsite altérée par QSP avec des valeurs de Sb de 0,24 à 2,45 %
- Quatre échantillons de veines riches en stibnite hébergées dans la felsite avec des valeurs de Sb de 5,69 à 12,03 %
- Un complexe de dike en felsite orienté du nord-ouest au nord s'étendant sur 2,5 kilomètres, étroitement associé à la minéralisation d'antimoine

La société prévoit d'obtenir des permis pour des réparations de routes et d'entreprendre un programme de forage pour explorer davantage le potentiel du projet. Le PDG Mac J. Shahsavar a exprimé sa confiance dans la valeur à long terme du projet pour les actionnaires.

Xtra Energy Corp. (OTC Pink:XTPT) hat die Ergebnisse eines geologischen Kartierungs- und Probenahmeprogramms bei seinem American Antimony Project in der Nähe von Eastgate, Nevada, bekannt gegeben. Das Programm, das zwischen dem 11. und 20. August 2024 durchgeführt wurde, offenbarte eine signifikante Antimonmineralisierung entlang des Bernice Canyon. Wichtige Erkenntnisse umfassen:

- Antimonwerte, die von 98 ppm bis 30,9% Sb reichen
- Fünf Probennahmen von QSP-veränderten Felsiten mit Sb-Werten von 0,24 bis 2,45%
- Vier Probennahmen von stibnitreichen Adern, die in Felsiten vorkommen, mit Sb-Werten von 5,69-12,03%
- Ein Nordwest-zu-Nord ausgerichtetes Felsit-Diabas-Komplex, das sich über 2,5 Kilometer erstreckt und eng mit der Antimonmineralisierung verbunden ist

Das Unternehmen plant, Genehmigungen für Straßenreparaturen zu sichern und ein Bohrprogramm durchzuführen, um das Potenzial des Projekts weiter zu erkunden. CEO Mac J. Shahsavar drückte Vertrauen in den langfristigen Wert des Projekts für die Aktionäre aus.

Positive
  • High-grade antimony mineralization discovered, with values up to 30.9% Sb
  • Extensive mineralization zone identified along a 2.5 km felsite dike complex
  • Potential for large-scale antimony resource due to widespread disseminated mineralization
  • Existing road infrastructure provides easy access for future drilling operations
Negative
  • Further permits required for road repairs and drilling program, potentially causing delays
  • No information provided on project timeline or expected costs for future exploration phases

AUSTIN, TX / ACCESSWIRE / September 23, 2024 / Xtra Energy Corp. (OTC Pink:XTPT) is pleased to announce the results of a geological mapping and sampling program completed on the American Antimony Project between August 11th and August 20th by Robert Johansing, MSc, PG, QP, a California-based consulting geologist with extensive experience in Nevada, the southwestern United States, and beyond.

Link to Full Technical Report :Click Here.

Bernice Canyon, which spans the property from northwest to southeast over several kilometers, features a series of historical antimony mines on both sides. A total of twenty-one samples were collected from dumps and stockpiles scattered along the canyon floor, along with several exposures of the felsite dike complex itself. Antimony values range from 98 ppm to 30.9% Sb; in general, antimony values correlate with the sample's visible stibnite. Five grab samples of the spread-out, spheroidal stibnite hosted in the QSP-altered felsite had Sb values ranging from 0.24 to 2.45%. This style of mineralization appears to be volumetrically more important than the higher-grade vein-type occurrences. We collected four grab samples of felsite-hosted stibnite-rich veins; the Sb values ranged from 5.69-12.03%. A pile of mostly vein-type minerals, composed of milky-white quartz and ankerite/iron oxides, had the highest value of 30.89% Sb.

Figure 1 : Geologic map of the Bernice Canyon project area showing sample sites and antimony (Sb) values.

A northwest-to-north-trending felsite dike complex, which traces for at least 2.5 kilometers (1.55 miles), is closely associated with antimony mineralization. The dike is composite and may consist of up to three parallel splays; it dips steeply from 70 to 90 degrees, bends clockwise to the north in its northern extent, and varies in width from a few meters to roughly 10 meters (33 feet). The dike is fine-grained, pale-white in color, widely altered to quartz-sericite-pyrite ("QSP"), and invaded by stibnite (an antimony sulfide-Sb2S3), manifesting as spheroidal disseminations, sulfide veinlets, and quartz-stibnite-ankerite veinlets in fractures that reach widths of up to 5 centimeters (2 inches) each. The sub-horizontal and sub-vertical fracture-fill veinlets made of massive stibnite have the highest antimony grades. However, the disseminated mineralization style is widespread along the dike complex, and volumetrically, samples may be significant because they contain up to 2.45% Sb.

There were no other metals present and the QSP change was widespread and continuous. This suggests a major hydrothermal event caused by magma rather than a more common low-temperature antimony system far away. The close spatial relation between the felsite dike complex and stibnite mineralization is clear and presents an important target for ongoing exploration along the more than 1.55-mile-long exposed strike of this dike complex.

The historical road along the canyon floor provides simple access to all of the important historical mines located along the flanks of Bernice Canyon. At stations along the road, initial drilling can be done to test the two main splays of this dike complex at different depths along its strike length. This will give a rough idea of how much antimony is contained. The company's exploration team will now focus on securing the necessary permits to repair sections of this road and undertake a drilling program.

Xtra Energy's Chairman and CEO, Mr. Mac J. Shahsavar, P.Eng., comments: "We are extremely pleased with the successful results of our recently completed mapping and sampling program at the American Antimony Project. The data collected reinforces our confidence in the project's potential and highlights significant mineralization zones that exceed our initial expectations. This achievement is a critical step forward in advancing our exploration efforts and underscores the long-term value this project holds for our shareholders. We are excited to move forward with further drilling and exploration phases to unlock the full potential of this promising resource."

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
Corporate Instagram: https://www.instagram.com/xtraenergycorp/
Corporate Facebook: https://www.facebook.com/profile.php?id=100093057374695

About Xtra Energy Corporation

Xtra Energy Corporation is an antimony exploration company focused on developing its flagship project "American Antimony", approximately 31 miles northeast of Eastgate, Nevada. Xtra Energy Corporation holds a 100% ownership in a 207 lode claim, 4276 acre antimony project surrounding the historically documented Antimony King Mine and covering all other documented antimony producers of the Bernice Mining District. The Company is seeking to develop this expanding portfolio of 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 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 and 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 the original press release on accesswire.com

FAQ

What were the key findings of Xtra Energy Corp's (XTPT) sampling program at the American Antimony Project?

The sampling program revealed antimony values ranging from 98 ppm to 30.9% Sb, with five grab samples of QSP-altered felsite showing Sb values from 0.24 to 2.45%, and four grab samples of felsite-hosted stibnite-rich veins with Sb values from 5.69-12.03%.

How long is the mineralized zone at Xtra Energy Corp's (XTPT) American Antimony Project?

The mineralized zone is associated with a northwest-to-north-trending felsite dike complex that spans at least 2.5 kilometers (1.55 miles) in length.

What are Xtra Energy Corp's (XTPT) next steps for the American Antimony Project?

Xtra Energy Corp plans to secure necessary permits to repair sections of the existing road and undertake a drilling program to further explore the project's potential and estimate antimony content along the dike complex.

When was the geological mapping and sampling program conducted at Xtra Energy Corp's (XTPT) American Antimony Project?

The geological mapping and sampling program was conducted between August 11th and August 20th, 2024, at the American Antimony Project near Eastgate, Nevada.

XTRA ENERGY CORP

OTC:XTPT

XTPT Rankings

XTPT Latest News

XTPT Stock Data

34.81M
201.35M
0%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Austin