Press Release
$B!&(B DRILLING PLANNED FOR PINOS GOLD PROJECT, ZACATECAS, MEXICO
Toronto, November 26, 2009, Xtierra Inc. (TSXV ? XAG) ($B!H(BXtierra$B!I(B or the $B!H(BCompany$B!I(B), 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 north-northwest 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.
Qualified Person
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$B!G(Bs shares trade under the symbol $B!H(BXAG$B!I(B. Xtierra has 49,862,003 shares issued and outstanding. Xtierra is conducting first phase feasibility study on its 100% owned Bilbao silver$B!>(Bzinc$B!>(Bcopper project in Zacatecas, Mexico. Xtierra$B!G(Bs objective is to become a mid$B!>(Btier 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.
This news release may include certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Xtierra, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Xtierra$B!G(Bs expectations are exploration risks detailed herein and from time to time in the filings made by Xtierra with securities regulators.
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.
For further information visit www.xtierra.ca or contact:
Terence N. McKillen, President & Chief Executive +1 (416) 362-8243
Tim Gallagher, Director +1 (416) 925-0090
Alejandro Alaniz, Director Finance & Administration (Mexico) + 52 (492) 925-0804
Brett Whitelaw +1 (778) 836-5891
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