Yellowknife, Northwest Territories – TerraX Minerals Inc. (TSX-V:TXR; Frankfurt:TX0; OTC Pink: TRXXF) has received the assay results from a further 113 samples of the approximately 960 surface samples taken during a six week prospecting and mapping program now completed at the Yellowknife City Gold Project (“YCGP”) just north of Yellowknife in the Northwest Territories. Assay results are still pending or being interpreted from the remaining samples taken from prospective gold and base metal targets at the YCGP, as well as from drilling recently completed at the Crestaurum and Barney mesothermal gold targets in the southern portion of the property, and will be announced when available.
This sampling reported today was completed by two senior geologists provided by Virginia Mines Inc. during mapping of a 1.3 km (N-S) x 650 m (E-W) area immediately west of Homer Lake in the northern part of the YCGP, with 99 grab and chip samples collected for assay and an additional 14 samples collected for whole rock analysis. Assay results ranged from below detection to 6.61 g/t gold, below detection to 357 g/t silver, 3 ppm to 1.51% copper, 9 ppm to 7.02% zinc, and 5 ppm to >20% lead. Two metal domains are apparent: a gold +/- copper domain to the west and a gold-silver-lead-zinc domain to the east.
These 113 samples complement the 150 grab and chip samples assayed in 2013 and the four holes drilled by TerraX in early 2014. Collectively, this information produces a preliminary picture of this prospective area which contains widespread mineralization. Of the 249 samples assayed, 102 contain Au >0.25 g/t, 46 contain Au >1 g/t; 142 samples contain in excess of 5 g/t Ag and 53 have more than 40 g/t Ag; 100 samples have more than 0.25% Pb of which 57 have more than 1%; 56 samples have >0.25% Zn and 30 have >1% Zn. Cu anomalism is much more restricted, with only 7 samples having >0.25% Cu. Maps showing the distribution of mineralization at Homer Lake are available on our website at