TerraX defines Homer Lake Gold mineralized zone over 2 km of strike length
December 5, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX defines Homer Lake Gold mineralized zone over 2 km of strike length
Vancouver, B.C. - TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) is pleased to
announce high-grade surface sampling results from t he Homer Lake Gold structure on their Northbelt pro perty,
one of 8 new high grade target areas identified on the Yellowknife City Gold Project during field work this summer
(see Map 1 here ).
Initial surface exploration in the Homer Lake area in 2013 identified massive lead and zinc mineralization with high
silver and gold values over a strike length of appr oximately 1 kilometer. Drilling on this target in 2 016 (6 holes)
extended this zone to a vertical depth of at least 250 meters and two of these holes intersected a gol d zone
trending north-south (see our news release of May 4 , 2016 here ). Prospecting and mapping by TerraX in 2017
has followed these mineralized structures over two kilometers of strike length. Mineralization is pervasive and has
been discovered in all rock types including mafic v olcanics, mafic intrusives, granitic intrusives, fe lsic volcanics,
and quartz veins (60 samples greater than 1 g/t Au, and 192 samples of 567 samples grading greater tha n 0.10
g/t Au). Maps showing the location of these samples can be accessed here .
Joe Campbell, CEO of TerraX, states. "Our 2017 fiel d exploration program has greatly expanded the mine ralized
zones at Homer Lake, providing us with yet another opportunity for high grade discoveries on the Yellowknife City
Gold property during our upcoming drilling programs in early 2018.”
A total of 567 samples have been taken in the Homer Lake area, including 217 channel and chip samples.
Individual highlights from outcrop samples include:
• Up to 25.5 g/t Au , with 60 samples greater than 1.00 g/t Au
• Up to 529 g/t Ag, with 28 samples greater than 100 g/t Ag
• Up to 21.00% Pb , with 42 samples greater than 3% Pb
• Up to 13.65% Zn , with 24 samples greater than 3% Zn
• Up to 1.50% Cu , with 23 samples greater than 0.10% Cu
Channel sampling was carried out in mafic volcanics, felsic volcanics, and in granitic rocks. Best results included:
• 3.00 meters @ 2.00 g/t Au, 44 g/t Ag, 1.99% Pb, and 7.94% Zinc in felsic volcanic
• 3.00 meters @ 0.88 g/t Au, 90 g/t Ag, 4.55% Pb, and 2.22% Zinc in felsic volcanic
• 6.95 meters @ 0.11 g/t Au, 16 g/t Ag, 1.12% Pb, and 0.55% Zinc in mafic volcanic
• 5.70 meters @ 1.00 g/t Au, 7 g/t Ag in granitic intrusion
Assay values ranged from nil to highs of 25.5 g/t Au. Sampling included insertion of certified standards and blanks
into the stream of samples for chemical analysis. S amples 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 laboratory service. It should be noted that, due to their selective nature,
assay results from grab samples may not be indicati ve of the overall grade and extent of mineralizatio n on the
subject area.
Terrax’s summer field exploration program at Yellowknife is now complete, with over 5,600 surface samples taken
from outcrop throughout the property. Assay results are still pending from over 3,700 samples as well as
biogeochemical and lake sediment surveys completed this fall throughout the property. Results will be reported
when received and interpreted. All assay results will be used for targeting the next drill campaign in early 2018.
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
The Yellowknife City Gold ("YCG") encompasses 440 sq km of contiguous land immediate ly north, south and
east of the City of Yellowknife in the Northwest Te rritories. Through a series of acquisitions, TerraX controls one
of the six major high-grade gold camps in Canada. Being within 10 km of the City of Yellowknife, the YCG is close
to vital infrastructure, including all-season roads , air transportation, service providers, hydro-elec tric 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
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, future events or oth erwise.