TerraX confirms that Gold structures that hosted on e of Canada’s highest grade past producing
March 18, 2019 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX confirms that Gold structures that hosted on e of Canada’s highest grade past producing
mines (The Giant Mine) extend onto TerraX target zo ne
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) TerraX
minerals has completed relogging and sampling of 1579 meters of the 16,000 meters of historical drill core
recovered from the Giant Mine core yard (news relea se January 14, 2019). TerraX is highly encouraged
that gold mineralization trends onto the Barney Deformation Corridor (“BDC”) target zone along the northern
extension of the structure that hosted the Giant Mi ne (Figure 1 ). Mineralization within the historical drill
core is adjacent to historical high-grade assays wi thin vein and shear zone structures across broad zo nes
of alteration similar to Giant. Individual assay va lues from the margins of the historical sampling in cluded
5.06 g/t Au, 2.74 g/t Au, 1.65 g/t Au, 0.99 g/t Au, and 0.96 g/t Au .
President and CEO David Suda stated: “Results from historical core assays have led to a pivotal moment
in TerraX’s advancement toward a potentially signif icant gold discovery. Assay results indicate that g old
structures mined by Giant just south of TerraX prop erty continue north for 4 km on our BDC target. The
results underpin data which drove the BDC as a top target and provide significant technical insight for future
drill targeting along the trend.”
The historical sampling of these drill holes in the 1960s preferentially sampled the high-grade quartz veins
by removing the entire pieces of core. TerraX geolo gically logged and sampled core along the margins o f
these quartz veins immediately adjacent to the gaps left from the original samples. Because of the historical
whole core sampling method TerraX cannot verify the reported historical assays, but the adjacent core that
was sampled demonstrates significant gold mineralization within the shear zones.
David Suda further stated: “We will continue to be opportunistic in selecting samples of the remaining core
for analysis to further the advancement of targets and deliver results in the future.”
The results reported here represent only 200 meters of strike along the 4 kilometer mineralized deformation
zone that hosted the GKP mine that is the faulted offset of the Supercrest deposit, the highest grade deposit
within the Giant mine. Mineralization from histori cal core has been confirmed from depths of 50 to 42 5
meters. Hole spacing is too wide to confirm conti nuity of mineralization, and mineralization from th is core
relogging may be on separate surfaces. All four holes intersected gold bearing shears and demonstrate the
potential of the structures. TerraX is planning sur face work to further develop targets along these go ld
bearing structures within the larger Barney Deforma tion Corridor target area.
Executive Chairman Joe Campbell stated: “The recovered core displays the same quartz-carbonate veining
containing abundant pyrite and arsenopyrite with sericite-chlorite-carbonate alteration haloes that are seen
within high grade mineralization at Giant’s GKP Min e ( Figure 2 ) and the Supercrest deposit. The core
combined with the historic descriptions of the veining provides compelling evidence that there are potentially
4 kilometers of strike extension onto TerraX’s claims.”
Figure 1 – Location of relogged and sampled drill holes on the North Giant Extension within the Barney Deformation
Corridor (BDC) on TerraX’s property. The relogged core area is shown as an extension of the GKP mine, which is the
faulted extension of the Supercrest deposit, which was the highest grade gold deposit from the Giant Mine.
Figure 2 – Core from the gold mineralized zone in hole NB-18 s hows identical shear structure, associated minerals
and alteration chemistry to the GKP mine ore sample , demonstrating the extension of this style of mine ralization onto
TerraX’s property. Of note are the distinctive potassic alteration (K 2O3) and sodium depletion (Na 2O), with the accessory
metals that characterize the Giant Mine ores types.
Technical Appendix:
For the 5 holes reported today, TerraX collected 41 1 samples for assay. Results ranged from below
detection to 5.06 g/t Au. TerraX inserts certified standards and blanks into the sample stream as a ch eck
on laboratory QC. Drill core samples are cut by dia mond saw at TerraX's core facilities in Yellowknife . A
halved core sample is left in the core box, unless core was previously sampled, and in these cases a quarter
core sample was retained. The other half or quarter core is sampled and transported by TerraX personne l
in securely sealed bags to ALS Chemex's (ALS) prepa ration laboratory in Yellowknife. After sample
preparation, samples are shipped to ALS's Vancouver facility for gold and ICP 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 re lease has been approved by Joseph Campbell,
Executive Chairman of TerraX, who is a Qualified Pe rson 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 783 sq km of contiguous land immediately north,
south and east of the City of Yellowknife in the No rthwest Territories. Through a series of acquisitio ns,
TerraX controls one of the six major high-grade gol d camps in Canada. Being within 10 km of the City o f
Yellowknife, the YCG is close to vital infrastructu re, including all-season roads, air transportation, service
providers, hydro-electric power and skilled tradespeople.
The YCG lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the ma in
mineralized break in the Yellowknife gold district, including the southern and northern extensions of the
shear system that hosted the high-grade Con and Gia nt 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 s erve to indicate the project's potential as a world -class
gold district.
For more information on the YCG project, please vis it 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
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This news release contains forward-looking informat ion, which involves known and unknown risks,
uncertainties and other factors that may cause actu al events to differ materially from current expecta tion.
Important factors - including the availability of f unds, the results of financing efforts, the complet ion of due
diligence and the results of exploration activities - that could cause actual results to differ materi ally from
the Company's expectations are disclosed in the Com pany's documents filed from time to time on SEDAR
(see www.sedar.com ). Readers are cautioned not to place undue relianc e on these forward-looking
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as a result of new information, events or otherwise.