Terrax 2018 Summer Exploration program continues to expand Northbelt Target.
October 26, 2018 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
Terrax 2018 Summer Exploration program continues to expand Northbelt Target.
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce further assay results from the Company’s 2 018 summer field program on the Yellowknife City Go ld
(YCG) project. A total of 262 samples were taken on the company’s Northbelt target which represents the possible
extension of Con-Giant trend and constitutes the core focus area.
David Suda, President and CEO stated: “There is con siderable high-grade gold endowment within several of our
identified targets. The goal at YCG is to find the source of the high-grade on surface which we believe trends from
the nearby Con and Giant mines and exists within ot her targets in the district. The work we did this s ummer is
giving us considerable resolution in our targeting and will be summarized this fall prior to 2019 exploration plans.”
Preliminary surface exploration in the northwestern extension of the geology recognized to contain the extension
of the Con-Giant gold system has yielded positive results. This area contains multiple sub-parallel gold structures,
including the Oro Shear, recognized from exploratio n dating back to the 1930s. TerraX carried out mapp ing and
prospecting along these gold bearing structures, in cluding grab rock samples. A map showing the locati on and
results can be seen here . This work resulted in:
Top 25 rock samples from Ore Shear Area
Sample No. Au g/t Sample No. Au g/t Sample No. Au g/t
X412153 63.00 X412001 4.81 V888854 1.12
V888857 54.40 D0009043 1.99 D0009695 1.00
D0009697 41.70 X412073 1.93 D0009751 0.87
V888855 23.40 V888871 1.82 D0009666 0.49
X412005 16.60 X412056 1.63 D0009038 0.47
X412002 10.10 D0009598 1.61 X412004 0.45
D0009121 8.57 V888870 1.53 D0008356 0.43
D0009618 6.19 V888872 1.43
D0008354 5.82 D0009696 1.34
TerraX has also acquired detailed geological maps, channel sampling results, and drill hole logs and assay results
from an area southwest of the sampling at Oro, spec ifically on the high grade Shear 17/18 target (news release
August 4, 2015 ). This work dates from the 1940s and is currently being integrated into our project database. TerraX
believes the data accurately reflects past exploration and it will be used to direct further exploration in the area.
Assays reported today total 262 samples with gold g rades ranging from nil to 63 g/t Au. It should be n oted that,
due to their selective nature, assay results from grab samples may not be indicative of the overall grade and extent
of mineralization on the subject area.
Sampling included insertion of certified standards and blanks into the stream of samples for chemical analysis.
Samples were prepared at ALS Chemex's laboratory in Yellowknife and shipped to their Vancouver facility for gold
analysis by fire assay and other elements by ICP analysis. ALS is a certified and accredited laborator y service.
The technical information contained in this news re lease has been approved by Joseph Campbell, Executi ve
Chairman 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
The Yellowknife City Gold ("YCG") project encompasses 780 sq km of contiguous land immediately north, south
and east of the City of Yellowknife in the Northwes t Territories. Through a series of acquisitions, Te rraX controls
one of the six major high-grade gold camps in Canad a. Being within 10 km of the City of Yellowknife, t he YCG is
close to vital infrastructure, including all-season roads, air transportation, service providers, hydr o-electric power
and skilled tradespeople.
The YCG lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the main mineralized
break in the Yellowknife gold district, including t he southern and northern extensions of the shear sy stem 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
"DAVID SUDA"
David Suda
President and CEO
For more information, please contact:
Samuel Vella
Manager of Corporate Communications
Phone: 604-689-1749
Toll-Free: 1-855-737-2684
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking informat ion, which involves known and unknown risks, uncert ainties
and other factors that may cause actual events to d iffer materially from current expectation. Importan t 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 ex pectations are
disclosed in the Company's documents filed from tim e to time on SEDAR (see www.sedar.com ). Readers are
cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this
press release. The company disclaims any intention or obligation, except to the extent required by law , to update
or revise any forward-looking statements, whether as a result of new information, events or otherwise.