TerraX extends strike at Sam Otto Zone from 350 m t o 750 m and depth to 300 m; highlights include
June 14, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX extends strike at Sam Otto Zone from 350 m t o 750 m and depth to 300 m; highlights include
123.5 m @ 0.59 g/t Au, inclusive of 25.07 m @ 1.38 g/t Au
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce the final assay results from the 2017 wint er drill program at the Yellowknife City Gold Proje ct (“YCG")
in the Northwest Territories. Included in the assa ys reported today are 9 holes (3,713 m) at Sam Otto , located at
the Northbelt property, that have more than doubled the strike length, intersected multiple zones of mineralization
parallel to the main system, and extended the depth of gold mineralization to greater than 300 metres. Highlights
include:
• 123.50 m @ 0.59 g/t Au including 25.07 m @ 1.38 g/t Au in hole TSO17-026
• 143.00 m @ 0.48 g/t Au including 34.50 m @ 1.10 g/t Au in hole TSO17-028
• 97.17 m @ 0.45 g/t Au including 24.00 m @ 1.15 g/t Au in hole TSO17-031
• 77.50 m @ 0.51 g/t Au including 23.75 m @ 1.02 g/t Au in hole TSO17-023
The drilling at Sam Otto also intersected multiple narrower horizons parallel to the main Sam Otto str ucture with
significant zones of gold mineralization, particularly in the hanging wall of the Main Zone. These inc lude:
• 5.50 m @ 1.29 g/t Au in hole TSO17-021
• 5.80 m @ 0.98 g/t Au in hole TSO17-023
• 8.00 m @ 1.07 g/t Au in hole TSO17-024
• 6.55 m @ 2.31 g/t Au i n hole TSO17-025
• 5.05 m @ 1.51 g/t Au i n hole TSO17-028
• 2.00 m @ 2.91 g/t Au i n hole TSO17-031
Sam Otto is considered a bulk tonnage, low grade ta rget with very uniform grade distribution across th e zone,
however some intersections encountered higher grade zones including:
• 7.17 m @ 3.24 g/t Au in hole TSO17-031
• 1.80 m @ 5.07 g/t Au in hole TSO17-027a
Joseph Campbell, CEO of TerraX, stated, “The consistency of wide gold intersections at Sam Otto along the north-
south strike of 750 metres and to a depth of 300 me tres confirms the existence of a bulk tonnage targe t with
considerable upside potential. Open in all directio ns, Sam Otto also hosts the Dave’s Pond structure o f classic
high grade lode gold targets 300 metres to the west and high grade zones at Mispickel, 1 km to the northeast. We
believe Sam Otto has potential to host a large, hig h grade deposit similar to the past producing Con m ine to the
south. This area is a priority target for generating future mineral resources.”
Sam Otto Zone
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/t Easting Northing
TSO17-021 -50 270 639856 6944994 83.70 89.20 5.50 1.29
and 145.00 162.90 17.90 1.19
incl. 155.50 158.80 3.30 2.33
TSO17-022a -50 270 639765 6944456
58.00 123.50 65.50 0.46
incl. 83.00 98.24 15.24 1.02
incl. 92.00 95.25 3.25 2.83
TSO17-023 -50 270 639823 6944685
4.20 10.00 5.80 0.98
and 82.00 159.50 77.50 0.51
incl. 111.35 135.10 23.75 1.02
incl. 111.35 116.50 5.15 1.81
incl. 126.60 135.10 8.50 1.51
TSO17-024 -55 270 639849 6944694
50.00 58.00 8.00 1.07
and 119.00 197.50 78.50 0.42
incl. 170.00 180.50 10.50 1.17
TSO17-025 -45 270 639860 6944902
114.50 144.00 29.50 0.78
incl. 128.45 135.00 6.55 2.31
and 157.00 175.50 18.50 0.56
incl. 161.96 165.57 3.61 2.09
TSO17-026 -65 270 639904 6944604
205.00 328.50 123.50 0.59
incl. 258.50 271.09 12.59 1.33
incl. 265.00 271.09 6.09 2.11
and
incl. 289.93 315.00 25.07 1.38
incl. 300.00 310.81 10.81 2.19
TSO17-027a -65 270 639899 6944551
192.00 197.00 5.00 1.95
and 308.60 344.60 36.00 0.57
incl. 310.00 312.00 2.00 2.68
and
incl. 331.15 337.15 6.00 1.03
TSO17-028 -58 270 639861 6944800
43.00 55.02 12.02 0.75
incl. 50.00 52.70 2.70 2.14
and 94.00 237.00 143.00 0.48
incl. 107.50 142.00 34.50 1.10
incl. 130.88 137.88 7.00 2.07
TSO17-031 -50 270 639858 6944852
59.00 61.00 2.00 2.91
and 90.50 187.67 97.17 0.45
incl. 119.00 143.00 24.00 1.15
incl. 135.00 142.17 7.17 3.24
The Sam Otto zone includes the Dave’s Pond structure , where 2 holes totaling 804 metres intersected 24.52 m
@ 1.60 g/t Au including 6.05 m @ 3.52 g/t Au in the higher grade core in hole TSO17-029 and 2.50 m @ 1.47 g/t
Au in hole TSO17-030. These are infill holes between TSO16-005 (2.40 m @ 9.89 g/t Au reported Jan11, 201 7)
and TSO17-019 (1.90 m @ 13.96 g/t Au reported May 2 , 2017) and confirm the excellent continuity of the Dave’s
Pond Structure over 400 metres of strike and 150 me tres of depth, with the mineralized zone remaining open in
both directions.
Dave's Pond Structure
Drill Hole Dip Azimuth
UTM Location
From (m) To (m)
Interval
(m) Au g/t Easting Northing
TSO17-
029
-50 270 639611 6945103
101.30 125.82 24.52 1.60
incl. 101.30 104.30 3.00 3.20
and 116.25 122.30 6.05 3.52
incl. 119.30 122.30 3.00 5.78
TSO17-
030
-50 270 639664 6945119
22.50 24.00 1.50 0.91
and 46.92 47.70 0.78 1.07
and 145.25 147.75 2.50 1.47
All holes were drilled approximately normal to proj ected strike and dip of the zones of mineralization and are
interpreted to be 75-95% of true thickness. A drill map showing the location of the drill holes report ed above from
the Sam Otto area, along with a cross section and long section, are available by clicking here .
Assay results were also received from our Banting L ake target (3 holes totaling 698 metres) on the Nor thbelt
property. Results from the three drill holes were a ll sub gram. A single hole drilled on a due east a zimuth east of
the Jackson Lake formation encountered a mixed geol ogy of felsic intrusives, felsic to intermediate volcanics and
sediments, but did not intersect mineralized structures.
Initial drilling at our Southbelt property was comp rised of 6 holes totaling 1,535 metres. Five holes tested the
southern extension of the Con structure from the Co n Mine over approximately 850 metres of strike. All holes
intersected the Con structure and assays were 0.49 g/t Au to 1.03 g/t Au over 2.30 - 5.30 metre inters ections.
TerraX is encouraged by the demonstrated continuity of the Con shear and we will conduct further surfa ce
exploration this summer to better define potential higher grade zones along this 5 km long structure. Terrax was
only able to drill a single hole on the New Vein structure at Southbelt due to an early spring breakup making drilling
conditions unsafe. More drilling will be done on this structure in the summer. The single hole intersected the New
Vein structure and assayed 0.65 g/t Au over 2.47 me tres. Detailed surface exploration will be carried out along
this >1.5 km structure to define controls on higher grade areas observed in initial surface work (up t o 95 g/t Au in
grabs).
For the 21 holes reported today TerraX collected 4, 629 samples for assay. Results ranged from below de tection
to 9.55 g/t Au. Drill hole collar locations were surveyed to sub-metre accuracy. Down hole surveying (Reflex Gyro)
was completed on all holes. TerraX inserts certifie d standards and blanks into the sample stream as a check on
laboratory 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 transported by TerraX personnel in securely
sealed bags to ALS Chemex's (ALS) preparation laboratory in Yellowknife. After sample preparation, samples are
shipped to ALS's Vancouver facility for gold and IC P analysis. Gold assays of >3 g/t are re-assayed o n a 30 g
split by fire assay with a gravimetric finish. ALS is a certified and accredited laboratory service. A LS 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
Yellowknife City Gold ("YCG") encompasses 418 sq km of contiguous land immediate ly north and south of the
City of Yellowknife in the Northwest Territories. T hrough a series of acquisitions, TerraX controls on e of the six
major high-grade gold camps in Canada. Being withi n 15 km of the City of Yellowknife, the YCG is clos e to vital
infrastructure, including transportation, service providers, hydro-electric power and skilled tradespe ople.
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 Paradox Public Relations Inc.
Manager of Corporate Communications Phone: 514 -341-0408
Phone: 604-689-1749
Toll-Free: 1-855-737-2684 Toll-Free: 1-866-46 0-0408
[email protected] [email protected]
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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.