TerraX extends Ptarmigan Zone 400 meters northwest; Ptarmigan channel sampling returns 53.85 g/t Au over 1.80 m
July 25, 2018 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX extends Ptarmigan Zone 400 meters northwest; Ptarmigan channel sampling returns 53.85 g/t Au
over 1.80 m
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce further assay results from the Company’s ongoing summer field program on the Yellowknife Cit y Gold
project.
David Suda, President and CEO stated: “The summer program continues to yield results that confirm the potential
of the Yellowknife City Gold Project as a district scale camp. Surface results, magnetic imaging, and geochemistry
data will provide a roadmap to future drilling on our most prospective targets. The Northbelt remains our core area
of focus but we are systematically sampling 10km away on the Eastbelt with encouraging results”
Continued channel sampling and prospecting assay results come from the area immediately northwest of the past
producing Ptarmigan Mine on Eastbelt. Detailed mapping and prospecting extends the Ptarmigan zone 400 meters
northwest of previously reported channel sampling w ith a 19.00 g/t Au grab sample along the Ptarmigan trend.
Channel sample results were cut from outcrop southe ast of previously reported channels (24.75 g/t Au o ver 5.50
m including 44.82 g/t Au over 3.00 m reported on July 12, 2018 ) following the Ptarmigan vein trend and sampling
across the gold mineralized structures. Assay results for gold range up to 124 g/t Au in a 0.70 m channel sample
from Channel ECH18-039. Mineralized intervals for the sampled areas (ECH18-034, 038, 039 and ECH18-0 41)
are indicated on the maps available here and include:
• ECH18-034 - 4.76 g/t Au over 2.00 m
• ECH18-038 - 6.60 g/t Au over 2.10 m
• ECH18-039 – 53.85 g/t Au over 1.80 m
• ECH18-041 - 18.13 g/t Au over 3.10 m
Joseph Campbell, Executive Chairman of TerraX, stat ed: “The high grade channels from the Ptarmigan are a
continue to impress, and the extension of the zone through prospecting 400 meters to the northwest gre atly
expands the target area for developing potential mi neral resources.”
An additional grab sample was collected from a goss anous quartz vein 2.7 kilometers due west of the Pt arnigan
Mine, and assayed 5.17 g/t Au . Further work is warranted in this area. More res ults from the Northbelt and
Eastbelt properties are expected during the Company’s current summer program.
Assays reported today total 313 samples with gold grades ranging from nil to 124 g/t Au, and including 138 channel
samples. Channel samples are considered representative of the zones that have been sampled. It should be noted
that, due to their selective nature, assay results from grab samples may not be indicative of the overall grade and
extent of mineralization on the subject area.
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 analysis. ALS is a certified and accredited laborator y service.
The technical information contained in this news re lease has been approved by Joseph Campbell, Executi ve
Chairman of TerraX, who is a Qualified Person 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 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
"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
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.