Xtra Energy Corp. Files Completed NI 43-101 Technical Report for the American Antimony Project near Eastgate, Nevada

Rhea-AI Summary

Xtra Energy Corp. (OTC Pink:XTPT) has filed a NI 43-101 Technical Report for its American Antimony Project in Nevada. The report, prepared by Nebu Consulting, LCC, outlines recommendations for a comprehensive surface mineral exploration program. The company plans to conduct Phase 1 - MAPPING & SAMPLING, followed by Phase 2 - DRILLING. These efforts aim to develop a three-dimensional geological model of the property.

Mac J. Shahsavar, Chairman and CEO, stated that the completed 43-101 report enhances the project's legitimacy and appeal to potential partners and investors. The report also highlights the possibility of silver deposits at depth. Xtra Energy is currently in discussions with vendors to commence the exploration programs and will provide updates as they begin.

Positive

• Filing of NI 43-101 Technical Report for American Antimony Project
• Planned comprehensive surface mineral exploration program
• Potential for silver deposits at depth mentioned in the report
• Enhanced project legitimacy and appeal to potential partners and investors

Negative

• None.

AUSTIN, TX / ACCESSWIRE / July 18, 2024 / Xtra Energy Corp. (OTC Pink:XTPT) is pleased to announce the filing of the National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") entitled "NI 43-101 Technical Report, American Antimony Project, Bernice Mining District, Nevada" dated July 8th, 2024 (the "Technical Report") to support scientific and technical information that relates to the American Antimony Project.

With the guidance outlined in the "Recommendations" section of the Technical Report, the company will have a team carry out a comprehensive surface mineral exploration program ("Phase 1- MAPPING & SAMPLING) focused on locations where antimony mineralization is exposed at surface, in historical underground workings and mines, and documenting all features that are related to mineralization. This work will allow the development of a three-dimensional geological/deposit model that can be tested by drilling (Phase 2- DRILLING).

The company is currently in discussions with prospective vendors for the above work and will release updates upon commencement of the programs.

Nebu Consulting, LCC ("Nebu") prepared this technical report at the request of Mr. Mac Shahsavar P. Eng., Chairman of the Board of Directors of Xtra Energy Corp. (the "Company" or "XEC"). Nebu Consulting, LCC ("Nebu") has prepared this technical report in accordance with Canada's National Instrument 43-101, focusing on the geology, mineralization, and exploration history of the American Antimony Project ("AAP" or "Property") located in Churchill County, Nevada, USA. Avrom E. Howard, MSc, PGeo, a Practicing Member in good standing of the Professional Geoscientists of Ontario (member no. 0380), authored the Technical Report. The Exchange, as defined in NI 43-101, deemed him a Qualified Person ("QP") to provide this report due to his possession of the necessary and relevant education, experience, knowledge, and professional standing. You can view and download the full technical report from the company's website (click here).

Mac J. Shahsavar P. Eng., the Chairman and CEO of Xtra Energy, stated "that having this completed 43-101 report will enhance our appeal in the market, facilitating the attraction of possible partners and private investors to successfully carry out the upcoming phases. This enhances the project's legitimacy and fosters trust among existing and prospective investors. We are excited to continue on to a more detailed exploration of our Antimony project and possibilities of silver at depth as pointed out in the report."

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 211 lode claim, 4356 acre antimony project consisting of 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 historic district 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 is the latest development for Xtra Energy Corp. (XTPT) regarding its American Antimony Project?

Xtra Energy Corp. (XTPT) has filed a completed NI 43-101 Technical Report for its American Antimony Project near Eastgate, Nevada on July 18, 2024.

What are the next steps for Xtra Energy Corp. (XTPT) in exploring the American Antimony Project?

Xtra Energy Corp. (XTPT) plans to conduct a Phase 1 - MAPPING & SAMPLING program, followed by a Phase 2 - DRILLING program, as recommended in the Technical Report.

Who prepared the NI 43-101 Technical Report for Xtra Energy Corp. (XTPT)?

The NI 43-101 Technical Report was prepared by Nebu Consulting, LCC, with Avrom E. Howard, MSc, PGeo, as the Qualified Person.

What potential benefits does the NI 43-101 Technical Report bring to Xtra Energy Corp. (XTPT)?

According to CEO Mac J. Shahsavar, the completed 43-101 report enhances the project's legitimacy, facilitates attracting potential partners and investors, and fosters trust among existing and prospective investors.