(TSX.V: TXR; Frankfurt: TX0) has commenced a multi-disciplinary field program at its wholly-owned Stewart gold-copper property in Newfoundland. The Stewart property features a large (6 km x 1.4 km) porphyry style alteration zone defined by surface mapping and Titan IP surveying, with drilling in 2011 having returned gold and copper mineralization over long intervals (111 m @ 0.13 g/t Au and 0.05% Cu in drill hole ST11-01 - see our news release of October 31, 2011). In addition, epithermal mineralization identified by sampling at the Forty Creek showing, 2 km to the northwest of the alteration zone, returned grab samples up to 59 g/t Au and 2,290 g/t Ag (reported December 10, 2010) that have not yet been fully explored. Work to be performed at Stewart includes:
- Mechanical stripping at Forty Creek to trace the extent of the sub-cropping high-grade gold and silver mineralization.
- soil surveying of the porphyry alteration zone, where a large Au-Cu-Mo soil geochemistry anomaly remains open to the southwest and is partly covered by a lake that will be tested via lake sediment sampling
- Geological investigations will be performed in an attempt to define a volcanic center coincident with the porphyry system and to better understand the tectonic deformation of the system.
- Magnetic anomalies defined by TerraX’s 2011 airborne survey will be field checked in order to determine whether or not they are related to potassic alteration.
TerraX Minerals Inc.