TerraX extends Crestaurum zone to 300 meters vertic al depth, doubling size of known mineralized structure
May 8, 2018 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX extends Crestaurum zone to 300 meters vertic al depth, doubling size of known mineralized
structure
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce assay results from the remaining 11 holes drilled at the Yellowknife City Gold project this w inter. Four
of these holes (1,170 m) were drilled on the high-g rade Crestaurum gold bearing structure to test whet her gold
mineralization continued to depth. All four holes hit mineralized structure, with two holes containi ng visible gold.
All holes intersected significant gold with selected intervals of:
• 8.84 g/t Au over 2.49 m and 5.38 g/t Au over 0.63 m in hole TCR18-076
• 3.08 g/t Au over 2.80m , and 5.57 g/t Au over 2.06 m , in hole TCR18-078
• 13.30 g/t Au over 1.24 m, and 4.41 g/t Au over 0.80 m , in hole TCR18-079
• 3.86 g/t Au over 0.56 m in hole TCR18-077
The upper portion of the Crestaurum structure has b een previously drilled with 187 drill holes over 1. 4 kilometers
of strike length, from surface down to a depth of approximately 100-150 meters depth, outlining a lode style shear
and vein deposit (including 5.00 m @ 62.90 g/t Au, news release October 2, 2013). Although the structure is very
continuous the high grade lodes are more discrete a nd these initial widespread deeper holes were desig ned to
intersect structure to determine whether there was probability of high grade lodes continuing at depth potentially
doubling the size of the mineralized zones. A dril l hole location map and a long section of the Crest aurum main
shear are available here.
Joe Campbell, CEO of TerraX, states “This small pro gram of four holes successfully demonstrated that t he
Crestaurum zone continues at depth on multiple surfaces, potentially doubling the size of the zone. The 300 meter
vertical depth tested with these holes is still con sidered very shallow for Archean lode gold deposits and
mineralization remains open for further expansion, both along strike and at depth.”
TerraX also tested the Sam Otto west zone, another lode style shear and vein deposit near TerraX’s Sam Otto
Main zone (1.90 m @ 13 96 g/t Au, news release May 2, 2017). This drilling included 5 holes totaling 2 ,081 m
testing strike and depth potential (down to 250 meters vertical) on this zone. All holes hit gold mineralized structure
with best results of 3.00 g/t Au over 2.69 m in hole TSO18-038, 1.06 g/t Au over 4.00 m in hole TSO18-041, and
1.32 g/t Au over 2.70 m in hole TSO18-036. All holes included intersections of 2.0 to 5.6 meters of 0.71 to 0.81
g/t Au. The continuous presence of the gold mineralized structures that now extend over more than a kilometer of
strike and 250 meters of depth, with alteration and mineralization styles like the high grade zones from the nearby
Con and Giant mines, makes this a good target for c ontinued exploration.
A single hole (TSO18-039, 430 meters) was drilled a pproximately 500 m south along strike from the Sam Otto
Main zone, and 600 meters north of TSO18-037 (1.92 g/t Au over 11.52 meters, news release Mach 9, 2018). This
hole confirmed the continuity of the Sam Otto structure between the known extents of the Sam Otto Main and Sam
Otto South zones, intersecting a broad zone of defo rmation and alteration (0.10 g/t Au over 157.75 m) consistent
with the Sam Otto style of mineralization, includin g multiple 2.50 m - 9.10 m wide zones of 0.35 g/t A u – 0.82 g/t
Au.
All holes were drilled approximately normal to proj ected strike and dip of the zones of mineralization and are
interpreted to be approximately 80-95% of true thickness
Crestaurum
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/t Easting Northing
TCR18-076 -60 302 636205 6941766 223.70 226.19 2.49 8.84
326.73 327.36 0.63 5.38
TCR18-077 -60 303 636101 6941776 167.68 168.24 0.56 3.86
263.30 269.61 6.31 0.27
TCR18-078 -77 299 636058 6941875 57.00 57.50 0.50 1.75
94.50 98.30 3.80 2.29
incl. 94.50 97.30 2.80 3.08
218.00 229.15 11.15 1.15
incl. 227.09 229.15 2.06 5.57
TSO18-079 -83 298 636177 6941968 102.88 104.12 1.24 13.30
116.15 118.15 2.00 1.66
178.15 178.65 0.50 2.73
280.56 281.36 0.80 4.41
Sam Otto - West
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/t Easting Northing
TSO18-036 -51 286 639529 6944767 169.30 173.00 3.70 0.57
incl. 171.35 173.00 1.65 1.06
234.74 240.37 5.63 0.81
incl. 236.50 239.20 2.70 1.31
TSO18-038 -52 286 639619 6944944 186.70 200.27 13.57 0.67
incl. 197.58 200.27 2.69 3.00
TSO18-040 -53 283 639649 6941766 24.30 25.00 0.70 0.71
181.00 183.00 2.00 0.74
264.50 266.00 1.50 0.63
TCR18-041 -54 286 639663 6945223 99.00 101.00 2.00 0.71
113.00 115.00 2.00 0.40
126.00 130.00 4.00 1.06
144.40 145.40 1.00 0.89
TCR18-042 -55 272 639844 6945172 119.00 120.00 1.00 0.99
133.00 136.50 3.50 0.47
148.00 149.00 1.00 1.59
212.50 214.00 1.50 1.54
311.00 313.00 2.00 0.54
335.18 336.00 0.82 0.56
356.00 357.50 1.50 1.63
Sam Otto Main - Sam Otto South Connection
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/t Easting Northing
TSO18-039 -50 271 369852 6944057 Deformation and alteration 121.75 -279.50 (157.75m)
121.75 139.00 17.25 0.20
incl. 121.75 127.00 5.25 0.44
207.40 216.50 9.10 0.35
incl. 207.40 211.50 4.10 0.56
242.85 248.00 5.15 0.56
277.00 279.50 2.50 0.82
The 2018 winter drill program at the Yellowknife Ci ty Gold project is now complete. TerraX drilled 3, 681 meters
and collected 2,331 samples for assay from the drilling reported here. Results ranged from below detection to 21.8
g/t Au. Drill hole collar locations were surveyed t o sub-meter accuracy. Down hole surveying was compl eted on
all holes. TerraX inserts certified standards and b lanks into the sample stream as a check on laborato ry QC. Drill
core samples are cut by diamond saw at TerraX's core facilities in Yellowknife. A halved core sample is left in the
core box. The other half core is sampled and transp orted by TerraX personnel in securely sealed bags t o ALS
Chemex's (ALS) preparation laboratory in Yellowknif e. 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 a ccredited 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, 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") project encompasses 772 sq km of contiguous land immediately north, south
and east of the City of Yellowknife in the Northwes t Territories. Through a series of acquisitions, Te rraX controls
one of the six major high-grade gold camps in Canad a. Being within 10 km of the City of Yellowknife, t he YCG is
close to vital infrastructure, including all-season roads, air transportation, service providers, hydr o-electric power
and skilled tradespeople.
The YCG lies on the prolific Yellowknife greenstone belt, covering 70 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, events or otherwise.