Yellowknife, Northwest Territories - TerraX Minerals Inc. (TSX.V: TXR; Frankfurt: TX0; OTC: TRXXF) has tendered a 5,000 meter drill contract, expandable to 20,000 meters, on the Yellowknife City Gold Project (YCGP”). The contract will be awarded by December 8th, with drilling scheduled to start after the holiday season in January 2015. Drilling will be concentrated on the “Core Gold Area” identified by drilling, surface sampling and mapping conducted during 2014. The Gold Core Area encompasses the advanced Crestaurum and Barney Shear zones, as well as several adjacent and intersecting veins and shears identified between the two, including a new shear structure that returned assays up to 126 g/t Au in grab samples reported below.
To prepare for the 2015 drill program, TerraX has continued to evaluate and re-assay historical drill core from holes drilled within the Core Gold Area and carried out selected surface sampling and mapping prior to winter freeze-up. The Core Gold Area covers at least a 3km x 5km NNE trending area bounded by the Barney Lake Shear Corridor in the east and the Ryan Lake Pluton to the west; it remains open along strike (see TerraX presentation at