Au at new Dave’s Pond Zone, Yellowknife.
January 11, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX drills 129.35 m @ 0.52 g/t Au (includes 32.13 m @ 1.24 g/t Au) at Sam Otto and 2.40 m @ 9.89 g/t
Au at new Dave’s Pond Zone, Yellowknife.
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce assay results from the remaining 23 holes (6,422.6 meters) from the 2016, drill program at multiple
zones on the Yellowknife City Gold Project (“YCG"), immediately north of Yellowknife in the Northwest
Territories. Holes reported today are focused on the exploration drilling in the Sam Otto area (14 holes), but also
reports three holes each on the Mispickel zone and Walsh Lake reconnaissance north of Mispickel.
Joseph Campbell, the CEO of TerraX, stated “TerraX has envisaged the Sam Otto area as a potential bulk
tonnage target that could take advantage of the excellent infrastructure in the Yellowknife area and supplement
the potential mine development of our previously reported high grade gold zones. These drill results certainly
confirm the bulk tonnage potential with the Main/Hanging Wall Zones, extending gold mineralization for at least
350 meters of strike and 250 meters of depth, with 30-50 meter wide zones of greater than 1 g/t Au. These
zones remain open in all directions. Additionally, the higher grade multi-gram intersections reported here are
indicating that the area may also host classic high grade lode gold targets common to Archean gold systems in
Canada. This large mineralizing system will be tested along strike, dip and plunge directions when drilling
resumes in January 2017.”
SAM OTTO – Main Zone
Drilling at Sam Otto Main Zone (2 holes totaling 728.6 meters) intersected 100-130 meter wide zones of +/- 0.50
g/t Au within broad zones of lower grade gold mineralization. Highlights include:
129.35 m @ 0.52 g/t Au, including 32.13 m @ 1.24 g/t Au, including 3.42 m @ 4.77 g/t Au in hole
TSO16-010
102.00 m @ 0.53 g/t Au, including 38.00 m @ 1.04 g/t Au, including 6.15 m @ 2.89 g/t Au in hole
TSO16-013
Hole TSO16-010 intersected the heart of the Main Zone approximately 220 meters below surface and extends
this zone 100 meters deeper than previous drilling. Hole TSO16 -013 extends the zone 50 meters further north of
previous drilling by TerraX.
SAM OTTO – Hanging Wall
The drilling on the Hanging Wall Zone (4 holes totaling 572.3 meters) was the first drilling by TerraX into this
zone leading to the discovery of 85-125 meter wide zones of +/-0.50 g/t Au within broad zones of lower grade
gold mineralization similar to the Main Zone. The drilling tested 100 meters of strike on the zone, which is
approximately 50-75 meters east and 100 meters north of the Main Zone drilling. Hole TSO16-007 intersected
the zone under hole TSO16-006 and tested down to a vertical depth of 100 meters below surface. Highlights
include:
85.00 m @ 0.53 g/t Au, including 25.60 m @ 1.13 g/t Au, including 4.00 m @ 3.82 g/t Au in hole
TSO16-006
100.25 m @ 0.51 g/t Au including 30.75 m @ 1.29 g/t Au, including 6.50 m @ 3.79 g/t Au in hole
TSO16-007
126.23 m @ 0.46 g/t Au including 13.40 m @ 1.14 g/t Au and 21.05 m @ 1.16 g/t Au in hole TSO16-
009
SAM OTTO – Dave’s Pond
The drilling on the Dave’s Pond Zone (4 holes totaling 584 meters) was the first drilling by TerraX into this zone.
The first hole, TSO16-005, led to the discovery of a quartz vein shear system with a high grade core. This hole is
approximately 150 meters west and 400 meters north of the Sam Otto Main Zone drilling. Hole TSO16-011 also
intersected a quartz vein shear zone 600 meters south and interpreted to be along strike from TSO16-005,
generating a long strike potential for this zone. Highlights include:
11.50 m @ 2.42 g/t Au including 2.40 m @ 9.89 g/t Au in hole TSO16-005
2.00 m @ 2.43 g/t Au in hole TSO16-011
A map and cross sections showing the location of the drill holes reported above from the Sam Otto target area
are available on our website under “Sam Otto 2016 Field Exploration” under “Northbelt” projects section.
MISPICKEL
The last three holes drilled in the fall of 2016 at Mispickel (921.9 meters) were to the north of previously reported
drilling. The holes did not target the Mispickel Main Zone which strikes under Walsh Lake. In spite of this the
drilling continued to intersect wide low grade zones, including 25.00 meters @ 0.45 g/t Au and 33.00 meters at
0.30 g/t Au in hole TWL16-034. Drilling on the Mispickel Main Zone will continue in January 2017 on ice based
drill collars.
MISPICKEL – Northern Extension Reconnaissance
Three holes (1196.7 meters) spaced 200 meters apart targeted the projected extension of the Mispickel Hanging
Wall structure over a total of 600 meters of strike length. All holes confirmed the structure continues north
beyond the Mispickel area. Results show a wide zone of gold mineralization, including 72.50 meters @ 0.37 g/t
Au in hole TWL16-032, with a significant gold zone of 8.58 meters @ 1.10 g/t Au. Drilling on this target area will
continue in January 2017 on ice based drill collars.
A map and cross sections showing the location of the drill holes reported above from the Mispickel target area
are available on our website under “Mispickel 2016 Field Exploration” under “Northbelt” projects section.
Drilling on the Northbelt property in 2017 will focus on the prospective Townsite target which is the extension of
known ore bearing zones from the Giant Mine.
Sam Otto - Main Zone
Drill Hole Dip Azimuth
UTM Location From
(m) To (m)
Interval
(m) Au g/tEasting Northing
TSO16-010 -60 270 639856 6944595 124.65 254.00 129.35 0.52
incl. 212.92 245.05 32.13 1.24
and incl. 226.65 244.05 17.40 2.03
and incl. 235.23 238.65 3.42 4.77
TSO16-013 -50 270 639841 6944639 103.00 205.00 102.00 0.53
incl. 122.40 191.35 68.95 0.71
and incl. 124.40 162.40 38.00 1.04
and incl. 155.25 161.40 6.15 2.89
Sam Otto - Hanging Wall Zone
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/tEasting Northing
TSO16-006 -45 270 639810 6944845 18.00 103.00 85.00 0.53
incl. 18.00 43.60 25.60 1.13
and incl. 19.00 23.00 4.00 3.82
and incl. 81.68 87.48 5.80 1.51
TSO16-007 -57 270 639810 6944845 19.75 120.00 100.25 0.51
incl. 19.75 50.50 30.75 1.29
and incl. 44.00 50.50 6.50 3.79
TSO16-008 -56 270 639808 6944795 8.80 134.00 125.20 0.27
incl. 50.70 96.90 46.20 0.49
TSO16-009 -55 270 639807 6944750 9.27 135.50 126.23 0.46
incl. 13.70 27.10 13.40 1.14
and incl. 52.55 73.60 21.05 1.16
and incl. 53.25 58.00 4.75 2.52
and incl. 69.50 73.60 4.10 2.08
Sam Otto - Dave's Pond Zone
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/tEasting Northing
TSO16-005 -49 270 639548 6945047 89.00 100.50 11.50 2.42
incl. 95.60 98.00 2.40 9.89
TWL16-011 -47 90 639193 6944579 106.00 112.63 6.63 0.76
TWL16-012 -47 270 639289 6944574 59.00 61.00 2.00 2.43
and 68.80 72.30 3.50 0.81
Mispickel
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/tEasting Northing
TWL16-034 -43 250 640319 6945942 52.00 77.00 25.00 0.45
incl. 57.25 62.00 4.75 0.90
and
incl. 65.00 71.10 6.10 0.83
and 199.00 232.00 33.00 0.30
incl. 204.00 208.00 4.00 1.11
Mispickel North
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/tEasting Northing
TWL16-032 -51 270 640700 6946106 250.50 323.00 72.50 0.37
incl. 250.50 253.50 3.00 1.59
and
incl. 269.00 273.50 4.50 1.07
and
incl. 299.42 308.00 8.58 1.10
TerraX collected 3589 samples for assay from the drilling reported here. Results ranged from below detection to
24.40 g/t Au. Drill hole collar locations were surveyed to sub -meter accuracy. Down hole surveying (Reflex Gyro)
was completed on all holes. TerraX inserts certified standards and blanks into the sample stream as a check on
laboratory QC. Drill core samples are cut by diamond saw at TerraX's core facilities in Yellowknife. A halved
core sample is left in the core box. The other half core is sampled and transported by T erraX personnel in
securely sealed bags to ALS Chemex's (ALS) preparation laboratory in Yellowknife. After sample preparation,
samples are shipped to ALS's Vancouver facility for gold and I CP analysis. Gold assays of >3 g/t are re-assayed
on a 30 gm split by fire assay with a gravimetric finish. ALS is a certified and accredited laboratory service. ALS
routinely inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported.
The technical information contained in this news release has been approved by J oseph Campbell, the Chief
Executive Officer of TerraX, who is a Qualified Person as defined in "National Instrument 43-101, Standards of
Disclosure for Mineral Projects."
About the Yellowknife City Gold Project
Yellowknife City Gold ("YCG") encompasses 129 sq km of contiguous land immediately north and south of the
City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX now controls one of the
six major high-grade gold camps in Canada. Being within 15 km of the City of Yellowknife, the YCG is close to
vital infrastructure, including transportation, service providers, hydro-electric power and skilled tradespeople.
The YCG lies on the prolific Yellowknife greenstone belt, covering 23 km of strike length on the southern and
northern extensions of the shear system that hosted the high-grade Con and Giant gold mines. The project area
contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with
innumerable gold showings and recent high grade drill results that serve to indicate the project's potential as a
world-class gold district.
For more information on the YCG project, please visit our web site at www.terraxminerals.com.
On behalf of the Board of Directors
"JOSEPH CAMPBELL"
Joe Campbell
CEO
For more information, please contact:
Samuel Vella Paradox Public Relations Inc.
Manager of Corporate Communications Phone: 514-341-0408
Toll-Free: 1- 800-481-1876 Toll-Free: 1-866-460-0408
[email protected] [email protected]
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This news release contains forward-looking information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially from current expectation. Important factors -
including the availability of funds, the results of financing efforts, the completion of due diligence and the results
of exploration activities - that could cause actual results to differ materially from the Company's expectations are
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