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TerraX Minerals Inc.
Summary
| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Sam Otto, Crestaurum | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-5-2018: TerraX Minerals Inc. announces an Exploration/Drilling Update report for its Sam Otto, Crestaurum deposit at the Yellowknife City project. Drilling results incl. 2.49m @ 8.84g/t Au from 223.7. Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; | |
| 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 assay results from the remaining 11 holes drilled at the Yellowknife City Gold project this winter. Four of these holes (1,170 m) were drilled on the high-grade Crestaurum gold bearing structure to test whether gold mineralization continued to depth. All four holes hit mineralized structure, with two holes containing visible gold. All holes intersected significant gold with selected intervals of: The upper portion of the Crestaurum structure has been previously drilled with 187 drill holes over 1.4 kilometers of strike length, from surface down to a depth of approximately 100-150 meters depth, outlining a lode style shear and vein deposit (including 5.00 m @ 62.90 g/t Au, news release October 2, 2013). Although the structure is very continuous the high grade lodes are more discrete and these initial widespread deeper holes were designed to intersect structure to determine whether there was probability of high grade lodes continuing at depth potentially doubling the size of the mineralized zones. A drill hole location map and a long section of the Crestaurum main shear are available here. Joe Campbell, CEO of TerraX, states “This small program of four holes successfully demonstrated that the Crestaurum zone continues at depth on multiple surfaces, potentially doubling the size of the zone. The 300 meter vertical depth tested with these holes is still considered very shallow for Archean lode gold deposits and mineralization remains open for further expansion, both along strike and at depth.” | |
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