TerraX Expands high grade Au-Mo-Cu-Ag zone at Ryan Lake Porphyry; sampling returns
December 14, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX Expands high grade Au-Mo-Cu-Ag zone at Ryan Lake Porphyry; sampling returns
assays up to 97.7 g/t Au, 32.4 g/t Ag, 2.09% Cu and 0.32% Mo.
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 Ryan Lake area on its Northbelt property, one of eight
new high-grade target areas identified on the Yello wknife City Gold Project during fieldwork this summ er (see
maps here ).
Exploration this summer focused on defining the sur face extent of polymetallic mineralization associat ed with the
Ryan Lake intrusion originally identified in 2013. A total of 230 surface outcrop samples were taken i n the Ryan
Lake area with assay results up to 97.7 g/t Au , 32.4 g/t Ag, 2.09% Cu, and 0.32% Mo. The gold mineralization at
surface is widespread and appears to stretch for 3. 8 km along the eastern contact with the Ryan Lake i ntrusion,
with high grade molybdenum mineralization overlapping the gold and covering 3.0 kilometers of that strike length.
The high grade gold trend also appears to extend go ld mineralization identified at Shear 17 (see news release of
August 4, 2015) a further 2 kilometers north of its previously known extent.
Joe Campbell, CEO of TerraX, states "The Ryan Lake porphyry intrusion has now developed into a signifi cant
exploration target, with potential for world class size and grade. This exciting target has been devel oped over 4
years and is now a priority for immediate drilling in 2018.”
Background History of Ryan Lake Porphyry Gold Targe t
Initial surface exploration in the Ryan Lake area i n 2013 identified molybdenum-gold-copper-silver min eralization
associated with veins within the Ryan Lake Porphyry intrusion and in mafic volcanics near the contact with the
intrusion. In late 2013 a buried carbonate altered porphyry with well mineralized quartz veins was obs erved in a
drill hole extending below the Barney Shear Zone, l ocated approximately one kilometer from the surface
expression of the Ryan Lake intrusion (4.0 m 7.73 g /t Au, 0.13% Mo; and 7.44 g/t Au, 14.5 g/t Ag, 0.24 % Cu
reported Dec 3, 2013). Significant Au-Cu-Ag mineralization was also reported in drilling within the mafic volcanics
next to the porphyry intrusion (26.5 m @ 0.59 g/t Au, 11.3 g/t Ag, 0.15% Cu reported Dec 3, 2013).
Surface outcrop sampling in 2014 confirmed the pres ence of wide spread and very high grade veins assoc iated
with the intrusion (up to 141 g/t Au; 445 g/t Ag; 3 .01% Cu; 6.35% Mo reported August 19, 2014). Subseq uent
surface work conducted in 2015 included chip sampling on mineralized zones which are sub-parallel to the contact
of the Ryan Lake intrusion and included 2.0 m @ 21. 40 g/t Au on Shear 17 (reported August 4, 2015). Te rraX
drilled a new hole into the Barney porphyry target in 2016 and intersected high grade veins up to 1.0 m @ 16.0 g/t
Au, and broad areas of molybdenum including 52 mete rs of 0.02% Mo (reported June 6, 2016). All these r esults
pointed to a strong probability of a large porphyry hosted gold-molybdenum-copper-silver deposit in th e area.
A total of 609 samples have now been taken in the R yan Lake area, including 52 chip samples see maps here ).
Individual highlights from outcrop samples include:
• Up to 141.0 g/t Au , with 5 samples greater than 30 g/t and 54 samples greater than 1.00 g/t Au
• Up to 6.32% Mo , with 53 samples greater than 0.10% Mo
• Up to 3.01% Cu , with 44 samples greater than 0.10% Cu
• Up to 445 g/t Ag , with 32 samples greater than 10 g/t Ag
Assay values in 2017 sampling range from nil to hig hs of 97 .7 g/t Au, 32.4 g/t Ag, 2.09% Cu and 0.32% Mo.
Sampling included insertion of certified standards and blanks into the stream of samples for chemical analysis.
Samples 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 an alysis. ALS is a certified and accredited laborator y service. It
should be noted that, due to their selective nature , assay results from grab samples may not be indica tive of the
overall grade and extent of mineralization 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 3,500 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.