TerraX assays up to 65.7 g/t gold and 4,910 g/t silver in grab samples from new mineralized structures on Eastbelt, Yellowknife City Gold project
July 18, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX assays up to 65.7 g/t gold and 4,910 g/t silver in grab samples from new mineralized structures on
Eastbelt, Yellowknife City Gold project
Vancouver, B.C. – TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) is pleased to
announce the initial surface sampling results from a property wide exploration program now underway on our
Yellowknife City Gold project ("YCG"), immediately adjacent to the city of Yellowknife in the Northwest Territories.
The two areas of most significance are Angel and Duck Lake , which can be viewed on a map by clicking here
and are summarized below.
Angel: - 18 samples taken from outcrop over 250 m o f north-south strike, with highlights that include:
65.7 g/t Au , 289 g/t Ag
30.8 g/t Au , 4,910 g/t Ag
12.5 g/t Au, 1,395 g/t Ag
9.81 g/t Au, 3,100 g/t Ag
Possible extension of the zone 1 km to the north with 10.15 g/t Au and 19 g/t Ag
Duck Lake: - 30 samples taken from outcrop over 500 m of east-west strike, with sampling to the west endi ng at
Duck Lake.
- Veins up to 1 metre thick in sericite schist zones, with highlights that include:
20.30 g/t Au
19.35 g/t Au
15.15 g/t Au
11.55 g/t Au
11.35 g/t Au
Joe Campbell, the Chief Executive Officer of TerraX , states "The discovery of high grade gold and silver during
surface sampling on our newly acquired Eastbelt pro perty is an excellent start to an extensive distric t scale
exploration program now underway. The Angel and Du ck Lake areas both have significant outcropping
mineralization which occurs in a strong east-west structural trend that is due east of the past producing high grade
Con gold mine. In addition, the impressive silver results at Angel indicate an exciting new style of mineralization
that has not been previously reported in the camp.”
Mr. Campbell further stated “We are impressed by the grade and the strike continuity seen on surface for both the
Angel and Duck Lake zones. The identification of these zones confirms our belief that the Yellowk nife City Gold
project will provide many more opportunities for ex citing new discoveries over the coming months. The company
is rapidly advancing several property wide exploration programs ahead of an aggressive drill campaign to follow.”
Surface exploration on the Yellowknife City Gold project is continuing, with a further 2,000 samples having recently
been delivered to the assay lab, with assay results pending. TerraX will be conducting electro-magnetic, magnetic
and radiometric geophysical surveys totaling approximately 3,200 line kilometres over all areas of the project that
have not previously been surveyed. In addition, ground-based magnetic surveys will be conducted on th ese new
areas and known high grade gold zones in preparation for drilling later this season.
Of the 520 samples taken at Eastbelt for which assa ys have been received, 34 returned values greater t han 0.05
g/t Au, of which 25 samples were over 1.00 g/t Au, with highs of 65.7 g/t Au and 4,910 g/t Ag. Sampling included
insertion of certified standards and blanks into th e stream of samples for chemical analysis. Samples were
prepared at ALS Chemex’s laboratory in Yellowknife and shipped to their Vancouver facility for gold an alysis by
fire assay and other elements by ICP analysis. ALS is a certified and accredited laboratory service. I t should be
noted 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.
The technical information contained in this news re lease has been approved by Joseph Campbell, the Chi ef
Executive Officer of TerraX, who is a Qualified Per son as defined in "National Instrument 43-101, Stan dards of
Disclosure for Mineral Projects."
About the Yellowknife City Gold Project
Yellowknife City Gold ("YCG") encompasses 418 sq km of contiguous land immediate ly north, south and east
of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX controls one of the
six major high-grade gold camps in Canada. Being w ithin 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 45 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
"JOSEPH CAMPBELL"
Joe Campbell
CEO
For more information, please contact:
Samuel Vella Paradox Public Relations Inc.
Manager of Corporate Communications Phone: 514 -341-0408
Phone: 604-689-1749
Toll-Free: 1-855-737-2684 Toll-Free: 1-866-46 0-0408
[email protected] [email protected]
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, future events or oth erwise.