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TerraX Minerals Inc.
Summary
| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Sam Otto | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2017: TerraX Minerals Inc. announces an Exploration/Drilling Update report for its Sam Otto deposit at the Yellowknife City project. Drilling results incl. 123.5m @ 0.59g/t Au from 205m. Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: | |
| 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 the final assay results from the 2017 winter drill program at the Yellowknife City Gold Project (“YCG") in the Northwest Territories. Included in the assays reported today are 9 holes (3,713 m) at Sam Otto, located at the Northbelt property, that have more than doubled the strike length, intersected multiple zones of mineralization parallel to the main system, and extended the depth of gold mineralization to greater than 300 metres. The drilling at Sam Otto also intersected multiple narrower horizons parallel to the main Sam Otto structure with significant zones of gold mineralization, particularly in the hanging wall of the Main Zone. Joseph Campbell, CEO of TerraX, stated, “The consistency of wide gold intersections at Sam Otto along the northsouth strike of 750 metres and to a depth of 300 metres confirms the existence of a bulk tonnage target with considerable upside potential. Open in all directions, Sam Otto also hosts the Dave’s Pond structure of classic high grade lode gold targets 300 metres to the west and high grade zones at Mispickel, 1 km to the northeast. We believe Sam Otto has potential to host a large, high grade deposit similar to the past producing Con mine to the south. This area is a priority target for generating future mineral resources.” | |
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