Yellowknife, Northwest Territories - TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) has received assay results from the next three holes drilled during the 2015 winter drill program now underway on the Yellowknife City Gold Project (“YCG”) in the Northwest Territories (see our news release of February 26, 2015. These holes are step out holes drilled to test further northeast along strike from high grade gold mineralization intersected in the three previously reported drill holes, as well as drill holes reported in 2014 that included 10.02 m @ 4.17 g/t Au (TNB14-011). These first six holes from the current drill program cover over 125 metres of strike length at the South Shoot of the Crestaurum Zone and intercepted gold mineralization at between 50 and 60 metres vertical depth. All three holes reported today hit the mineralized shear where expected, confirming structure, with various amounts of quartz veining and visible gold noted in two of the three holes. Highlights included:
TerraX drills 8.00 m @ 6.83 g/t Au, inclusive of 2.04 m @ 23.89 g/t Au, at Yellowknife City Gold; Second core rig now drilling at Barney Zone
Mar 11, 2015
- 8.00 m @ 6.83 g/t Au, inclusive of 2.04 m @ 23.89 g/t Au, in hole TCR15-005, and
- 15.50 m @ 2.89 g/t Au, inclusive of 2.94 m @ 13.28 g/t Au, in hole TCR15-006.