TORONTO, Nov. 26 /CNW/ - Xtierra Inc. (TSXV - XAG) ("Xtierra" or the "Company"), is pleased to announce that it has issued invitations for bids from contractors for an initial 2,000 metre surface and underground drill program on its El Dorado gold project located in the historic Pinos gold district of the Central Mexican Mineral Belt, southeastern Zacatecas State. Drilling is scheduled to commence early in January 2010. The El Dorado vein and surrounding stockworks do not appear to have been previously tested by drilling.
The El Dorado Property
Gold mineralization at El Dorado occurs as veins and in quartz stockworks related to late-stage extensional faulting developed within an intrusive quartz-eye rhyolite. The main vein trends northnorthwest and dips steeply to the west. It comprises one main and several parallel veins of quartz-hematite.
Xtierra has discovered an extensive gold-bearing stockwork encompassing the El Dorado vein and several other parallel vein structures during preliminary due diligence on the property. Soil and rock geochemistry have demonstrated that the stockwork is open-ended to the north-east and trends directly into a second, newly identified stockwork body, located over 300 metres away from the El Dorado vein, which has returned anomalous gold values in the range 0.1 to 80g/t gold. The stockwork is associated with a linear gold soil anomaly over 1km in strike length.
Xtierra has confirmed the high grade nature of the El Dorado vein with channel sampling returning values ranging from 0.5 to 57.0 g/t gold over widths of 0.10 to 1.0 metre with individual grab samples as high as 1,760 g/t gold and 3,590 g/t silver (previously reported 11 Sep., 2009). Such grades indicate the potential in the El Dorado vein system for bonanza deposition zone development within an epithermal boiling zone.
Prospecting, trenching and soil geochemical sampling indicate the presence of at least five additional parallel veins underlain by altered and brecciated, porphyritic rhyolite with well-developed quartz-hematite stockwork veining which have consistently returned anomalous gold values in the range 0.1 to 80g/t gold within the area of the stockwork.
Information of a scientific or technical nature contained in this release has been prepared by or under the supervision of Terence McKillen, P.Geo. and/or Gerald Gauthier, P.Eng., respectively Chief Executive Officer and Chief Operating Officer of the Corporation and Qualified Persons within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.
About Xtierra Inc.
Xtierra Inc. is a Toronto based exploration and development company listed on the TSX Venture Exchange. Xtierra's shares trade under the symbol "XAG". Xtierra has 49,862,003 shares issued and outstanding. Xtierra is conducting first phase feasibility study on its 100% owned Bilbao silver-zinc-copper project in Zacatecas, Mexico. Xtierra's objective is to become a midtier producer of precious and base metals through the development of its Bilbao and Laguna projects, both located in the Central Mexican Mineral Belt in the State of Zacatecas, as well as through exploration, organic growth and M & A opportunities.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.
SOURCE XTIERRA INC.
For further information: For further information: visit www.xtierra.ca or contact: Terence McKillen, President & Chief Executive, Director, (416) 362-8243; Tim Gallagher, Director, (416) 925-0090; Alejandro Alaniz, Director Finance & Administration (Mexico), +52 (492) 925-0804