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Xtra Energy Corporation Announces the Initiation of Field Work at its flagship American Antimony Project, located in Central Nevada

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Xtra Energy Corp. (OTC Pink:XTPT) has initiated field activities at its flagship American Antimony Project (AAP) in Nevada. The company has contracted geologist Robert Johansing to conduct geological mapping and sampling across the full 4,400 acres owned by Xtra Energy. This work aims to determine mineralization controls and develop a three-dimensional geological model.

The AAP area contains numerous historical antimony mines and prospects, associated with Miocene felsic dikes and sills intruding Triassic sedimentary rocks. Following this initial phase, the company plans to proceed with Phase Two drilling, subject to target delineation and BLM permit approval.

CEO Mac J. Shahsavar emphasized the importance of this foundational work in developing a comprehensive geologic and exploration model, which will guide future exploration efforts and strategic decisions.

Xtra Energy Corp. (OTC Pink:XTPT) ha avviato attività sul campo nel suo progetto di punta, l'American Antimony Project (AAP), in Nevada. L'azienda ha incaricato il geologo Robert Johansing di eseguire mappatura geologica e campionamento su tutta la superficie di 4.400 acri di proprietà di Xtra Energy. Questo lavoro mira a determinare i controlli di mineralizzazione e sviluppare un modello geologico tridimensionale.

L'area AAP contiene numerosi miniere e prospettive storiche di antimonio, associate a dossi e sill nellici miocenici che intrudono rocce sedimentarie triasiche. Dopo questa fase iniziale, l'azienda prevede di procedere con il drilling della Fase Due, soggetto alla delimitazione degli obiettivi e all'approvazione dei permessi BLM.

Il CEO Mac J. Shahsavar ha sottolineato l'importanza di questo lavoro fondamentale nello sviluppo di un modello geologico e di esplorazione completo, che guiderà i futuri sforzi di esplorazione e decisioni strategiche.

Xtra Energy Corp. (OTC Pink:XTPT) ha iniciado actividades en el campo en su proyecto insignia, el American Antimony Project (AAP), en Nevada. La compañía ha contratado al geólogo Robert Johansing para realizar mapeo geológico y muestreo en las 4,400 acres de propiedad de Xtra Energy. Este trabajo tiene como objetivo determinar los controles de mineralización y desarrollar un modelo geológico tridimensional.

El área AAP contiene numerosas minas y prospectos históricos de antimonio, asociados con diques y sills félsicos miocenos que intruyen rocas sedimentarias triásicas. Tras esta fase inicial, la empresa planea proceder con la perforación de la Fase Dos, sujeta a la delimitación de objetivos y la aprobación de permisos de la BLM.

El CEO Mac J. Shahsavar enfatizó la importancia de este trabajo fundamental en el desarrollo de un modelo geológico y de exploración integral, que guiará los futuros esfuerzos de exploración y decisiones estratégicas.

Xtra Energy Corp. (OTC Pink:XTPT)는 네바다주에서 자사의 주요 미국 안티몬 프로젝트(AAP)에서 현장 활동을 시작했습니다. 이 회사는 Xtra Energy가 소유한 4,400 에이커 전역에서 지질 조사 및 샘플링을 수행할 지질학자 로버트 요한싱을 계약했습니다. 이 작업은 광물화 제어를 결정하고 삼차원 지질 모델을 개발하는 것을 목표로 합니다.

AAP 지역에는 고생대 퇴적암에 침투하는 마이오세의 화성 지층과 관련된 많은 역사적인 안티몬 광산과 전망대가 있습니다. 이 초기 단계 후, 회사는 목표 delineation과 BLM 승인에 따라 2단계 시추를 진행할 계획입니다.

CEO 맥 J. 샤사바르(Mac J. Shahsavar)는 미래의 탐사 노력과 전략적 결정을 안내할 포괄적인 지질 및 탐사 모델 개발에서 이 기본 작업의 중요성을 강조했습니다.

Xtra Energy Corp. (OTC Pink:XTPT) a initié des activités sur le terrain dans son projet phare, le American Antimony Project (AAP), au Nevada. L'entreprise a engagé le géologue Robert Johansing pour réaliser la cartographie géologique et l'échantillonnage sur l'ensemble des 4 400 acres détenus par Xtra Energy. Ce travail vise à déterminer les contrôles de minéralisation et à développer un modèle géologique tridimensionnel.

La zone AAP contient de nombreuses mines d'antimoine historiques et des perspectives, associées à des dykes et des sills félsiques miocènes qui intrusent des roches sédimentaires triasiques. Après cette phase initiale, l'entreprise prévoit de procéder à la forage de la Phase Deux, sous réserve de délimitation des cibles et d'approbation des permis par la BLM.

Le PDG Mac J. Shahsavar a souligné l'importance de ce travail fondamental dans le développement d'un modèle géologique et d'exploration complet, qui guidera les futures efforts d'exploration et les décisions stratégiques.

Xtra Energy Corp. (OTC Pink:XTPT) hat Feldaktivitäten eingeleitet in ihrem Flaggschiff-Projekt, dem American Antimony Project (AAP) in Nevada. Das Unternehmen hat Geologen Robert Johansing beauftragt, geologische Kartierung und Probenahme über die gesamten 4.400 Acres, die im Besitz von Xtra Energy sind, durchzuführen. Ziel dieser Arbeiten ist es, die Mineralisierungsfaktoren zu bestimmen und ein dreidimensionales geologisches Modell zu entwickeln.

Das Gebiet AAP enthält zahlreiche historische Antimonminen und Lagerstätten, die mit miozänen vulkanischen Gesteinen in Verbindung stehen, die in triassische Sedimentgesteine eindringen. Nach dieser ersten Phase plant das Unternehmen, mit dem Bohren der Phase Zwei fortzufahren, vorbehaltlich der Zielabgrenzung und der Genehmigung durch die BLM.

Der CEO Mac J. Shahsavar betonte die Bedeutung dieser grundlegenden Arbeiten zur Entwicklung eines umfassenden geologischen und exploratorischen Modells, das zukünftige Explorationsbemühungen und strategische Entscheidungen leiten wird.

Positive
  • Initiation of field activities at the American Antimony Project
  • Contracted experienced geologist Robert Johansing for mapping and sampling
  • Coverage of full 4,400 acres owned by Xtra Energy
  • Presence of numerous historical antimony mines and prospects in the project area
  • Planned Phase Two drilling program following initial mapping and sampling
Negative
  • Drilling permits from the Bureau of Land Management not yet secured
  • No current resource estimates or production data provided

AUSTIN, TX / ACCESSWIRE / August 8, 2024 / Xtra Energy Corp. (OTC Pink:XTPT) is pleased to announce the initiation of field activities on its flagship "American Antimony" Project ("AAP"), located about 57 miles northeast of Fallon, Nevada.

The company has contracted consulting geologist, Robert Johansing, MSc, QP, to carry out a program of focused geological mapping and sampling at the AAP, with the objective of determining the controls on mineralization so that a three-dimensional geological model can be developed. Mr. Johansing retains several decades of experience across the Southwestern USA and Central America and is intimately familiar with epithermal and intrusive-related mineral systems.

The Mapping and Sampling Work will cover the Full 4400 Acres owned by Xtra Energy Corporation. Upon completion of this program, Phase Two will comprise testing this model by drilling, pursuant to completion of target delineation and securing the necessary drilling permit from the Bureau of Land Management.

The AAP area hosts numerous historical antimony mines and prospects, most spatially associated with at least two Miocene felsic dikes and sills that intrude Triassic sedimentary rocks. The NI 43-101 technical report prepared by Avrom Howard, A., (2024) contains a detailed description of these historical locations and their associated antimony mineralization, along with recommendations that are now being implemented starting with this mapping and sampling.

Figure 1 : Historical Antimony Mines and Workings within the American Antimony Project

Mac J. Shahsavar P. Eng., the Chairman and CEO of Xtra Energy Corporation, stated, "As we embark on the Phase One Mapping and Sampling Program, we are laying the foundational groundwork to develop a comprehensive geologic and exploration model. This phase is crucial, as it provides us with detailed insights into the mineralization and structural controls of the deposits including Potentially other metals such as Silver and Gold in this area along with Antimony. The data we gather will guide our exploration efforts and strategic decisions to best ensure the success of our 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
Corporate Instagram: https://www.instagram.com/xtraenergycorp/
Corporate Facebook: https://www.facebook.com/profile.php?id=100093057374695

About Xtra Energy Corporation

Xtra Energy Corp. is an antimony exploration company focused on developing its flagship project "American Antimony", approximately 31 miles northeast of Eastgate, Nevada. Xtra Energy Corp. holds a 100% ownership in 214 lode claims or 4,421 acre antimony project including 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 potential 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 Xtra Energy Corp's (XTPT) latest announcement regarding the American Antimony Project?

Xtra Energy Corp. (XTPT) has announced the initiation of field activities, including geological mapping and sampling, at its American Antimony Project located 57 miles northeast of Fallon, Nevada.

Who has Xtra Energy Corp. (XTPT) contracted for the geological work at the American Antimony Project?

Xtra Energy Corp. (XTPT) has contracted consulting geologist Robert Johansing, MSc, QP, to carry out the program of focused geological mapping and sampling at the American Antimony Project.

What is the size of Xtra Energy Corp's (XTPT) American Antimony Project?

Xtra Energy Corp's (XTPT) American Antimony Project covers 4,400 acres in central Nevada.

What is the next phase planned for Xtra Energy Corp's (XTPT) American Antimony Project after the initial mapping and sampling?

After the initial mapping and sampling, Xtra Energy Corp. (XTPT) plans to proceed with Phase Two, which will comprise drilling to test the geological model, subject to target delineation and securing necessary permits.

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