TORONTO, Oct. 3 /CNW/ - Xtierra Inc. (TSXV - XAG) ("Xtierra"), is pleased
to announce that planned step-out drilling has commenced at its Bilbao
zinc-silver-copper-lead project in Zacatecas, Mexico. The drilling will
comprise of approximately 4,000 metres to evaluate the continuity of the
mineralization to the northwest of the existing deposit where recently
completed hole X-42 identified significant mineralization. Drilling will also
concentrate to the southwest where the deposit also remains open as it dips
below Tertiary volcanic cover rocks. Drilling will be carried out under the
supervision of Dr. Anthony Gallon, C.Eng., Chief Geologist, who is a
'qualified person' within the meaning of National Instrument 43-101 -
Standards of Disclosure for Mineral Projects of the Canadian Securities
A NI 43-101 compliant resource estimate is currently being prepared on
the existing oxide and sulphide resources at Bilbao and metallurgical test
work on optimizing metal recoveries from the oxide mineralization is being
conducted at SGS Lakefield and the University of San Luis Potosi.
Xtierra expects to complete a full feasibility study on the Bilbao
project early in 2009.
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 recently completed $8.8 million in private placement
financings and has 49,862,003 shares issued and outstanding.
Xtierra's objective is to become a mid-tier producer of silver and base
metals through the development of its Bilbao and Laguna projects, both located
in the Central Mexican Silver Belt in the State of Zacatecas, as well as
through organic growth and M & A opportunities.
ON BEHALF OF THE BOARD OF DIRECTORS OF XTIERRA INC.
Terence N. McKillen
President and CEO
This press release may contain "forward-looking information" within the
meaning of applicable Canadian securities legislation. The TSX Venture
Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of this release.
For further information:
For further information: visit www.xtierra.ca or contact: Terence
McKillen, President & Chief Executive, (416) 362-8243; Tim Gallagher,
Director, 416) 925-0090; Alejandro Alaniz, Director Finance & Administration,
(Mexico), +52 (492) 925-0804