TerraX commences district scale exploration program at Yellowknife City Gold
June 27, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX commences district scale exploration program at Yellowknife City Gold
Vancouver, B.C. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) is pleased to announce that a property wide
exploration program is now underway on our Yellowkn ife City Gold project ("YCG"), immediately adjacent to the
city of Yellowknife in the Northwest Territories. As a result of the recently announced 290 square ki lometre
increase in TerraX’s land holdings, the company now controls triple the size of the land position it held in December
2016.
Joe Campbell, the Chief Executive Officer of TerraX, states "As a result of our continued drilling success, improving
market conditions and the ease of access to explora tion adjacent to a mining town we have tripled our land
holdings at Yellowknife to over 418 square kilometr es. We are excited to have a district scale explor ation project
over a known major gold camp, where over 14 million ounces of gold has been produced from just two mines near
Yellowknife, the Con and Giant. Our drill programs to date have been successful; however, we see a much bigger
opportunity for a district approach based on the larger land package.
Mr. Campbell further stated “We feel that there are several underexplored targets on the 418 square ki lometres
that could lead to additional new discoveries. The company is also advancing its current discoveries t hrough
additional geochemistry, geophysical and structural work in preparation for a property wide drill campaign expected
later this year.”
TerraX has just completed a high-resolution airborn e Lidar and ortho-photo survey on the property cove ring
approximately 350 square kilometres. In the next few weeks, TerraX will be conducting electro-magnetic, magnetic
and radiometric geophysical surveys totally approxi mately 3,200 line kilometres over all areas of the project that
have not previously been surveyed. In addition, gr ound-based magnetic surveys will be conducted in ar eas of
known high grade gold mineralization to identify drill targets that could expand the zones along strike and at depth.
Field work already underway on the newly acquired E astbelt property has included comprehensive field m apping
and sampling of historic trenches in known areas of gold mineralization, with over 400 samples having already
been delivered to the assay lab for analysis in the first 10 days of field work. This work will cont inue throughout
the summer and be complemented by an extensive till and lake sediment sampling program to provide a
comprehensive dataset to identify mineralized trend s in areas of the property covered by overburden an d water.
This will allow us to better prioritize drill targets and more effectively deploy our exploration resources. For a map
of the complete Yellowknife City Gold project area, please click here.
TerraX is also pleased to have once again been awar ded a $200,000 Mineral Incentive Program (“MIP”) gr ant by
the government of the Northwest Territories, the maximum amount available to any one project under the program.
The MIP was put in place to actively encourage mineral exploration in the Territories. The support shown through
the MIP is seen by TerraX as a progressive move by the NWT government to sustain mining as an importan t
economic driver in the NWT economy and demonstrates their long-term commitment to the industry.
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 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 withi n 15 km of the City of Yellowknife, the YCG is clos e to vital
infrastructure, including transportation, service providers, hydro-electric power and skilled tradespe ople.
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.