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TerraX Minerals Inc.
Summary
| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Sam Otto | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-9-2018: TerraX Minerals Inc. announces an Exploration/Drilling Update report for its Sam Otto deposit at the Yellowknife City project. Drilling results incl. 40.00m @ 0.60g/t Au from 24.00m. 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 extension of gold mineralization at Sam Otto by an additional 600 meters of strike with results from 1182 meters of drilling in six holes (Figure 1). These results combined with the drilling of three holes in 2018, the Sam Otto South zone now extends for 1.2 kilometers, and remains open in all directions. Gold mineralization of the Sam Otto trend has been defined for a minimum of 2.5 kilometers along the 5 kilometer Sam Otto structural corridor. Phase 1 drill highlights from the Sam Otto South zone include: 7m of 2.93 g/t gold (within a broader interval of 40 m of 0.6 g/t Au) 14m of 1.36 g/t gold (within a broader interval of 34m of 0.64 g/t Au), 11m of 1.24 g/t gold, and 9m of 1.2 g/t gold (Figure 2). Message from David Suda, CEO: “The opportunity at Sam Otto has improved considerably with these results by extending gold mineralization to 2.5 kilometers of strike length. We are very much looking forward to the remaining results from Sam Otto and the nearby high grade target at Crestaurum. These targets are in close proximity to one another and represent the opportunity for TerraX to deliver an attractive resource next to excellent infrastructure in the town of Yellowknife.” | |
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