Xtierra Inc.: Bilbao Infill Drilling Results
11 September 2012 - 11:41PM
Marketwired Canada
Xtierra Inc. (TSX VENTURE:XAG) ("Xtierra" or the "Company"), is pleased to
announce the results of a 2,032 metre 9-hole programme of infill drilling on the
main Bilbao deposit. The objectives of the campaign were to check grade
variability and to increase confidence in the resource blocks that would be
mined within the first three to four years of underground production.
The drilling, which was centred in the previously drilled 50m grid, also
permitted a refinement of the morphology of the main zone of mineralization
which comprises the bulk of the deposit resource which currently stands at 10.62
million tonnes grading 2.00% lead, 2.13% zinc, 53.81 g/t silver and 0.19% copper
in the indicated category. The drill-holes were designated Z1 to Z10,
distinguishing them from previous holes which were designated X1 to X100.
Results presented in the table below show very strong mineralization of
excellent thickness has been intersected during the infill drilling programme.
Hole Z4 intersected an almost continuous zone of mineralization at an average
grade of 6.47% Pb+Zn together with 54g/t Ag over approximately 194m.
Intersections of over 50m of resource grade or better mineralization were
encountered in most drill holes which were equal to or better than anticipated.
The results of the infill drilling are now being incorporated into the
geological model and a revised and updated independent resource estimate will be
calculated for the feasibility study.
Conclusions
-- The recently completed infill drilling has confirmed the continuity of
the main mineralization between the previous 50m spaced grid pattern in
the core of the Bilbao resource on 25m spacing which may enable some of
the resources to be upgraded from indicated to a measured category.
-- Intersection of the various mineralized horizons during the infill
drilling program will enable a refinement of the precise morphology of
the main mineralized zone thereby allowing a more accurate tonnage
estimate of the resource.
-- Good to excellent base metal and silver grades have been substantiated
in all of the verification drill-holes.
-- Drill hole Z10 encountered a small extension of the massive sulfide pod
in the eastern part of the main mineralized zone although with lower
lead-zinc-silver grades but with a stronger copper-gold signature
(0.29g/t Au and 0.41% Cu over 6.0m).
-- There is good overall agreement with grades intersected in the infill
drill-holes when compared with those drilled earlier and which were used
for calculation of the existing resource estimate. There appears to be a
slight increase overall in zinc grades in the infill drill holes
compared to earlier drilling.
Silver-Rich Zone
This infill-drilling is separate from the silver-rich breccia zone which was
reported previously and which lies immediately to the south of the main Bilbao
deposit. This zone extends over an area 350 x 100m in a north-south direction
and appears to occupy a brecciated zone within the limestone sequence, the
thickness of which is variable from about four to 20 metres. The resource
estimate for Bilbao does not include these newly found silver rich veins and
mantos (flat-lying replacement deposits) which are expected to eventually
contribute to the silver resource at Bilbao.
Qualified Person
Information of a scientific or technical nature contained in this release has
been prepared by or under the supervision of Terence N. McKillen, P.Geo., Chief
Executive Officer, Gerald J. Gauthier, P.Eng., Chief Operating Officer and Dr.
Anthony C. Gallon, C.Eng., Chief Geologist, all 'Qualified Persons' within the
meaning of National Instrument 43-101 - Standards of Disclosure for Mineral
Projects of the Canadian Securities Administrators.
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Drill- From Width Lead Zinc Pb+Zn Silver Gold Copper
hole Ore Type (m) To (m) (m) (%) (%) (%) (g/t) (g/t) (%)
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Z1 Total 85.00 150.50 65.50 0.91 2.58 3.49 18.0 0.01 0.12
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Inc Z1 Oxide 85.00 100.00 15.00 1.69 2.46 4.15 32.0 0.01 0.26
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Z1 Sulfide 127.00 151.00 24.00 0.86 4.12 4.98 10.0 0.01 0.11
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Z2(i) Mixed 115.40 128.70 13.30 7.59 3.37 10.96 108.0 0.02 0.94
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Inc Z2 Mixed 123.00 127.00 4.00 16.23 0.52 16.75 275.0 0.03 2.06
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Sulfide,
Mixed &
Z4 Oxide 53.25 247.00 193.75 3.20 3.27 6.47 54.0 0.06 0.29
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Inc Z4 Oxide 53.25 131.00 77.75 5.52 3.32 8.84 27.0 0.04 0.38
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Inc Z4 Sulfide 150.00 211.00 61.00 2.31 4.65 6.96 78.0 0.08 0.18
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Inc Z4 Sulfide 219.00 237.00 18.00 1.60 3.28 4.88 77.0 0.06 0.37
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Inc Z4 Sulfide 231.00 237.00 6.00 1.12 4.26 5.38 118.0 0.04 0.64
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Z5 Sulfide 183.00 210.00 27.00 2.93 3.13 6.06 55.0 0.01 0.25
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Z5 Sulfide 226.00 262.00 36.00 2.58 3.80 6.38 120.0 0.02 0.20
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Inc Z5 Sulfide 232.00 236.00 4.00 6.79 7.96 14.75 282.0 0.01 0.31
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Z6 Sulfide 187.15 218.00 30.85 2.08 2.50 4.58 86.0 0.02 0.15
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Inc Z6 Sulfide 187.15 195.00 7.85 4.29 2.76 7.05 51.0 0.02 0.20
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Inc Z6 Sulfide 207.00 218.00 11.00 1.93 4.67 6.60 145.0 0.02 0.27
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Z7 Mixed 130.35 188.00 57.65 2.25 4.09 6.34 142.0 0.01 0.46
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Inc Z7 Sulfide 139.00 156.00 17.00 3.87 7.35 11.22 232.0 0.01 0.76
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Z7 Sulfide 189.00 197.00 8.00 0.45 1.82 2.27 75.0 0.29 0.83
----------------------------------------------------------------------------
Z7 Sulfide 228.00 242.00 14.00 2.61 4.75 7.36 161.0 0.04 0.81
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Z8(i) Oxide 51.10 57.15 6.05 2.74 3.68 6.42 82.0 0.08 0.45
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Z8 Mixed 113.00 121.40 8.40 5.66 2.16 7.82 59.0 0.06 0.32
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Z9 Sulfide 164.00 216.00 52.00 1.80 3.71 5.51 110.0 0.06 0.36
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Oxide+Sul
Inc Z9 fide 171.00 188.00 17.00 4.31 7.87 12.18 256.0 0.01 0.63
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Inc Z9 Sulfide 164.00 190.00 26.00 3.47 6.14 9.61 192.0 0.01 0.47
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Z9 Sulfide 205.00 211.00 6.00 0.02 1.43 1.45 8.0 0.28 0.34
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Z10 Sulfide 189.00 195.00 6.00 0.03 0.06 0.09 24.0 0.29 0.41
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Z10 Sulfide 205.00 211.00 6.00 1.32 0.93 2.25 38.0 0.01 0.15
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(i)The planned drill-hole Z3 was not drilled and was substituted by hole Z10.
Two drill-holes Z2 and Z8 were terminated prematurely before reaching the main
ore body because of encountering water loss in cavernous fault zones.
Analytical Method
Core from each of the drill-holes was halved by diamond saw and samples taken
for analysis usually at 1 metre intervals, or where a change in lithology
occurred. These samples were submitted to the SGS laboratories in Durango for
analysis by Inductively Coupled Plasma Optical Emission Spectrometer ICP-OES/14B
by aqua regia digestion for 36 elements. Where analyses of the samples exceeded
the upper detection limit for this method they were reanalyzed by ICP-AES/90Q
which used a sodium peroxide fusion in order that high accuracy could be
achieved and a precise grade (greater than 5% precision) determined on ore grade
material. For analysis of silver and gold, where initial grades exceeded 10g/t
Ag, these were re-checked by Fire Assay (FAG323). Check analyses of 10% of the
samples are being sent to the laboratories of ALS Minerals in Zacatecas.
About Xtierra Inc.
Xtierra Inc. is a Toronto based exploration and development company listed on
the TSX Venture Exchange under the symbol "XAG". There are 103,272,142 shares
issued and outstanding. The Company is completing a feasibility study on its
Bilbao silver-zinc-lead-copper project in Zacatecas, Mexico which is expected to
be completed in Q4 2012. Xtierra's objective is to become a mid-tier producer of
precious and base metals through the development of its Bilbao project as well
as through exploration, organic growth and M & A opportunities.
For further information visit www.xtierra.ca.
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