AUSTIN, TX / ACCESSWIRE / August 2, 2023 / Xtra Energy Corp. (OTC PINK:XTPT) is very delighted to announce and share the first look at the Lofthouse Antimony Mine with our investors. The Lofthouse, located around 5 miles southwest of our American Antimony Project, was known to be the district's primary antimony property, alongside the Antimony King Mine.
As described in LAWRENCE, E.F., 1963, ANTIMONY DEPOSITS OF NEVADA; NBMG BULL. 61; "The Lofthouse mine is situated on the west flank of the Clan Alpine Mountains in Dyer Canyon, 1.4 miles from its mouth. A small amount of antimony ore reportedly was mined during World War I. In 1940, two tons of ore averaging 30 percent antimony were produced. In 1948, 40 tons of ore averaging 50 percent antimony were shipped to the Harshaw Chemical Co. in Los Angeles. The mine is developed by two adits each 100 feet long and a number of trenches. The veins are 2 to 30 inches wide; the main vein averages 10 inches in width. Both veins are composed principally of quartz with minor calcite. Pods, veinlets, and single crystals of stibnite occur in and with the quartz."
Chairman of Xtra Energy Mac J. Shahsavar, P.Eng., stated, "We are thrilled to present the Lofthouse Mine video to our investors as our team continues its exploration of Bernice Canyon on the ground." Similar to our Arrance Prospect, this mine produced high-grade antimony during the World Wars to meet demand. Lost in time and forgotten, Lofthouse is yet another historic producer ideal for revival in order to satisfy America's demand once more. With three adits and five levels of historical workings, we own a second extensive historical operation that will be integral to the revitalization of this historic district.
Viewing of this video can be found at the link provided: CLICK HERE
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Xtra Energy Corporation
Phone: 512-412-3636
Corporate Website: https://americanantimony.com/
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About Xtra Energy Corporation
Xtra Energy Corporation is an antimony exploration company focused on developing its flagship project "American Antimony", approximately 31 miles northeast of Eastgate, Nevada. Xtra Energy Corporation holds a 100% ownership in a 79 lode claim, 1632 acre antimony project surrounding the historically documented Antimony King Mine and covering all other documented antimony producers of the Bernice Mining District. The Company is seeking to develop this expanding portfolio of antimony-rich assets to become a major supplier of antimony based products.
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within 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 to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect 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 operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could 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 see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/XTPT/disclosure
SOURCE: Xtra Energy Corp.
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