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TerraX Minerals Inc.
Summary
| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Mispickel | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-9-2016: TerraX Minerals Inc. announces an Exploration/Drilling Update report for its Mispickel deposit at the Yellowknife City project. Drilling results incl. 5.53m @ 29.85g/t Au from 79.00m. Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfur | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joseph Campbell (Internal) | |
| ABSTRACT: | Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to announce that it has received assay results from the first 4 holes (1076 m) of a planned 27,000 meter drill program on the Yellowknife City Gold Project (“YCG"), immediately north of Yellowknife in the Northwest Territories. All four holes reported today are from Mispickel and intersected significant zones of mineralization, with hole TWL16- 020 intersecting high grade gold in the both the main zone and the hanging wall. These four holes are located on the two most southerly sections of drilling, and are below previously reported drill holes. The gold zones remain open along strike and down dip; drilling is ongoing. Drilling at Mispickel again intersected visible gold zones in quartz veins within wide zones of lower grade mineralization. Joe Campbell, President of TerraX, stated “We are very pleased with these results as they show that the high grade gold zones within the Mispickel system have significant continuity. The pervasive gold mineralization at Mispickel continues to indicate a large mineralizing system. There are currently three drills turning on the property with a focus on expansion step outs and discovery drilling. We are very excited as results will be continuous over the next 14 months.” | |
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