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TerraX Minerals Inc.
Summary
| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Yellowknife City | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2019: TerraX Minerals Inc. announces a Resource Estimation report for its Yellowknife City deposit at the Yellowknife City project. Amended technical report - initial mineral resource estimate for project. SGS Geological Services. (“SGS”) was contra | |
| Resources: | (Resource, Inf.): 12.769Mt @ 1.79g/t Au | |
| CP/QP: | [Resources]: Allan Armitage (SGS Canada Inc.) | |
| ABSTRACT: | SGS Geological Services. (“SGS”) was contracted by TerraX Minerals Inc, (“TerraX”) to complete Mineral Resource Estimates (“MRE’s”) for several gold deposits of the Yellowknife City Gold Project (“YCG Project” or “YGC Property”) located near Yellowknife, Northwest Territories, Canada, and to prepare a technical report written in support of the current MRE’s. The reporting of the MRE’s comply with all disclosure requirements for Mineral Resources set out in the NI 43-101 Standards of Disclosure for Mineral Projects. The classification of the MRE’s are consistent with current CIM Definition Standards - For Mineral Resources and Mineral Reserves (2014). TerraX is a Canadian public company involved in mineral exploration and development. TerraX’s common shares are listed on the Toronto Stock Exchange Venture Exchange (“TSX-V”) under the symbol “TXR”. Their current business address is 1605-777 Dunsmuir Street, Vancouver, British Columbia, Canada, V7Y 1K4. This technical report will be used by TerraX in fulfillment of their continuing disclosure requirements under Canadian securities laws, including National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The technical report is written in support of updated resource estimates for several gold deposits on the YCG Project released by TerraX on November 4, 2019. The updated MRE’s presented in this report were estimated by Allan Armitage, Ph.D., P. Geo., (“Armitage” or the “Author”). The current report is authored by Armitage of SGS. Armitage is an independent Qualified Person as defined by NI 43-101 and is responsible for all sections of this report. | |
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