TerraX begins 17,000 meter winter drill program at Yellowknife City Gold
February 8, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX begins 17,000 meter winter drill program at Yellowknife City Gold
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce that it has commenced a 17,000 meter drill program at its Yellowknife City Gold project adjac ent to the
City of Yellowknife in the Northwest Territories. This program will incorporate up to four drill rigs that will be
primarily testing a number of new drill targets identified during 2016 field exploration. A map showing the location
of the initial drill targets is available on our web site under “2017 Winter Drilling.”
Joe Campbell, CEO of TerraX, states “Our 2017 winte r drill programs will focus on four of our high pri ority gold
targets with a goal of significant new discoveries and the expansion of known zones of gold mineraliza tion. The
next six months will be exciting for shareholders a s there should be a steady flow of exploration dril ling news that
will highlight the growing potential of this exciting district.”
Terrax will be drilling at the following targets:
Mispickel
A new discovery by TerraX in 2016, the Mispickel target is known for high grade gold (8.0 m @ 60.6 g/t Au reported
June 6, 2016) contained in quartz veins within shea r zones. Mineralization occurs on multiple horizons and
previous drilling has indicated good potential for additional high grade zones along the Mispickel str ucture. This
structure has been defined over 5 km of strike length by 2016 surface sampling and magnetic surveys and is open
in all directions. The first drill hole of the 2017 campaign has been collared on a new high grade gold target located
north of the 2016 Mispickel discovery zone.
Sam Otto
Sam Otto is a disseminated wider zone of gold miner alization with the potential to yield both a large bulk tonnage
deposit at the main Sam Otto target and a high grad e deposit at the Dave’s Pond target (2.4 meters @ 9 .89 g//t
Au reported January 11, 2017). A second drill will be mobilized into the Sam Otto area in the next few days to
follow up on high grade gold structures identified by surface sampling (grab samples up to 66.7 g/t Au – News
release of December 1, 2016) west of the main zone of mineralization (129.35 meters @ 0.52 g/t Au, inc luding
32.13 meters @ 1.24 g/t reported January 11, 2017).
Banting Lake
Banting Lake consists of a series of high grade gold mineralized structures similar to the Mispickel zone. It occurs
2 km north of Mispickel along a parallel continuati on of the Mispickel structure and has been defined over more
than 2 km of strike length by 2016 field work and h istorical exploration. Preparations are being made to move a
third drill into the Banting Lake area to test these high grade zones.
Southbelt
The Southbelt property encompasses multiple high grade structures made up of quartz veins with sericite-chlorite
shear zones that extend from the previously produci ng Con Mine site (6.1M oz produced @ 16.1 g/t Au) f or up to
5 km on our property and have returned up to 94.9 g /t Au in surface samples (News release of September 23,
2015). The area has high potential for additional d iscoveries of the Con Mine ore type. In late Februa ry, following
completion of access trails, a fourth drill will mo bilize into the Southbelt property to test along st rike of multiple
gold-bearing structures.
Townsite
This area is the strike extension of the Supercrest Zone, the highest grade gold deposit mined at the Giant Mine
immediately to the south. Comprehensive mapping in the summer of 2016 indicates large areas of quartz sericite-
chlorite schist, a rock type known to host many of the Yellowknife deposits. Drilling will commence o n Townsite
in March once drill programs in the Sam Otto and Mispickel areas have been completed.
About the Yellowknife City Gold Project
Yellowknife City Gold ("YCG") encompasses 382 sq km of contiguous land immediate ly north and south of the
City of Yellowknife in the Northwest Territories. T hrough a series of acquisitions, TerraX controls on e 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 tradespe ople.
The YCG lies on the prolific Yellowknife greenstone belt, covering 40 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
Toll-Free: 1- 800-481-1876 Toll-Free: 1-866-4 60-0408
[email protected] [email protected]
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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.