PRESS RELEASE
Published on January 30, 2023
AUSTIN, TX /ACCESSWIRE /January 30, 2023/ Xtra Energy Corp. (OTC PINK:XTPT) is pleased to announce the details of a third batch of historic antimony mines being mined by Xtra Energy Corp. /12/2022 Company News) intend to target more historically documented antimony deposits. The ongoing mapping program is proving successful with confirmed ownership of three additional historically documented antimony mines on this 495-acre extension. The Last Hope Prospect is on the NW corner of our American Antimony Lode Claim #43, the Spring Creek Prospect is on the SW boundary of our American Antimony Lode Claim #49 and finally this “Marguerite No. 1 Prospect”. on the NW corner of our American Antimony #58 vein claim. This brings Xtra Energy Corp’s total to eight historically documented antimony mines that are 100% claimed within our American Antimony project. The locations can be referenced in the aerial map below.
The Last Hope Prospect as described by Lawrence, Edmond, in Antimony Deposits of Nevada; nbmg bull. 61″ is located on the north side of Bernice Canyon, 3.3 miles from the mouth of the canyon and directly east and below the Marguerite No. 2 prospect. One adit intersects red-brown sandstone. 21 feet from the portal is a 2- to 3″ quartz vein striking 60°N and dipping 70°NW. Small pods, veinlets and single crystals of stibnite occur in quartz. In the 24 foot vertical pit, the vein extends to 20 inches of quartz containing stibnite. A sample of this vein returned 0.20 ounces per tonne silver, no gold and 11.50 percent antimony. A case, 20 x 48 inches, contains about 35 percent antimony.”
The Spring Creek Prospect as described in Antimony Deposits of Nevada; nbmg bull. 61″ is located on the north side of Bernice Canyon, 3.8 miles from its mouth and high on the hill approximately 1,500 feet from the canyon floor and road. An open cut and cave adit have been found. On the surface no antimony mineralization was seen, but approximately 200 pounds of ore averaging 15 percent antimony was seen on the dump A sample taken from the dump returned 6.48 percent antimony, 0.08 ounces gold and 0.28 ounces silver per tonne and one trace Selenium.”
The Marguerite No. 1 as described in Antimony Deposits of Nevada; nbmg bull. 61″ is located along the south side of Bernice Canyon, 4.3 miles from the canyon mouth, approximately 800 feet above its floor. An open cut exposes a 14- to 18-inch vein located at N. 5° E. strikes and dips 30° E. The vein consists of 8 to 10″ quartz and 6 to 8″ thick rilles. Small pods up to 1 x 2″, vesicles and single crystals of stibnite occur in the quartz. The stibnite is almost completely closed yellow antimony converted oxides. The vein is also exposed in an 18 foot inclined shaft. Here the vein strikes N. 20° E. and dips 30° SE. It is 10 to 14″ wide and consists of fillets with only trace stibnite and yellow antimony oxides.”
XTPT Chairman Mac J. Shahsavar, P. Eng. commented, “With this news, we have successfully confirmed the addition of three additional well-documented antimony deposits. We continue our rapid growth with the goal of owning 100% Xtra Energy and consolidating all of the historical antimony producers that once formed the Bernice Mining District. As our portfolio of antimony-rich assets grows, we will continue to explore this portfolio until finding the partner with the greatest shareholder benefits to enable large-scale financing, development and delivery.”
Contact & find out more:
Xtra Energy Corporation
Telephone: 512-412-3636
Company website: https://americanantimony.com/
Company Linkedin: https://www.linkedin.com/company/xtra-energy-corp/
Corporate Twitter: https://twitter.com/xtra_corp
Corporate Instagram: https://www.instagram.com/xtraenergycorp/
About Xtra Energy Corp.
Xtra Energy Corp. is an antimony exploration company focused on the development of its flagship project, American Antimony. Known in historical records as the “Antimony King Mine,” it is located approximately 31 miles northeast of Eastgate, Nevada. Xtra Energy Corp. holds a 100% interest in 64 Vein Claims, a 1320 acre antimony project surrounding historic Antimony King and containing multiple documented antimony producers. The Company aims to develop this portfolio of potentially antimony-rich assets to become a significant supplier of antimony-based products.
FORWARD LOOKING STATEMENTS:
This press release contains forward-looking statements within the meaning of 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 our future financial performance, and involve known and unknown risks, uncertainties and other factors that could cause material results, activities, performance or achievements to be materially affected differ in the future or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, some of which are beyond our control, which may cause 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 business, results of operations, growth strategy and liquidity. We undertake no obligation to publicly update or revise any of these forward-looking statements for any reason, or to update the reasons that cause actual results to 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 read our filings with OTC Markets Group Inc. Our public filings with OTC Markets Group Inc are available on commercial document retrieval services and on the website maintained by OTC Markets at https://. www.otcmarkets.com/stock/XTPT/disclosure.
SOURCE: Xtra Energy Corp.
View source version on accesswire.com:
https://www.accesswire.com/737192/Xtra-Energy-Corp-Announces-the-Third-Group-of-Historical-Antimony-Mines-Recently-Claimed-by-Expansion
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