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TerraX Minerals Inc.
Summary
| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Sam Otto South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2019: TerraX Minerals Inc. announces an Exploration/Drilling Update report for its Sam Otto South deposit at the Yellowknife City project. Drilling results incl. 25.50m @ 1.26g/t Au from 118.50m. Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; F | |
| 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 depth extension of gold mineralization at Sam Otto South with results from an additional 732 meters of drilling (2019 Phase 2) in three holes (Figure1). Phase 2 drill highlights from the Sam Otto South zone include: 25.5m of 1.26 g/t gold, including 10.0m of 1.76 g/t gold, demonstrating that the zone is thickening and also open at depth (Figure 2).The Sam Otto South area is open in all directions over a strike length of more than 2.5 km. See Table 1 below for a summary of 2019 Phase 2 Sam Otto South drill assay intervals. Message from David Suda, President and CEO: “Potential continues to grow at Sam Otto. Phase two drilling indicated that gold structures thicken at depth producing results that make this target exciting especially given its scale and proximity to top tier infrastructure. The results further verify the presence of a large mineralized system that remains open in all directions for expansion. The excellent width and grade at Sam Otto will be a primary focus of the next drill program and represents the best opportunity to add volume and ounces to our project. We look forward to our next drill program scheduled for this coming winter.” | |
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