Xtierra Announces Completion of Land Purchase for Bilbao Project
TORONTO, ONTARIO -- (Marketwire) -- 12/19/12 -- Xtierra Inc. (TSX VENTURE: XAG) ("Xtierra" or the "Company") is pleased to announce that it has recently completed the acquisition of the necessary surface lands that will be required for the surface installations and development for its Bilbao zinc-silver-lead-copper deposit located 50km southeast of the State capital in Zacatecas, Mexico.
The surface land requirement totals 277 hectares in three separate parcels acquired from private landowners. The acquisition of surface rights will enable an application to be made in due course for a change in land use permit from agricultural to mining.
All of the component parts of the ongoing feasibility work for the development of the Bilbao Project are nearing completion, including a revised resource estimate, mine design, mining method, metallurgy, capital and operating costs, tailings management, engineering and hydro geology as well as environmental studies.
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 Q1 2013. 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.
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.
Contacts:
Xtierra Inc.
Terence McKillen
President & Chief Executive
+1 (416) 362-8243
Xtierra Inc.
Tim Gallagher
Director
+1 (416) 925-0090
Xtierra Inc.
Alejandro Alaniz
Director Finance & Administration (Mexico)
+52 (492) 925-0804
www.xtierra.ca