TerraX extends the Duck Lake mineralized zone 3 km east and 2 km to the south with outcrop and channel sampling.
November 13, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX extends the Duck Lake mineralized zone 3 km east and 2 km to the south with outcrop
and channel sampling.
Vancouver, B.C. - TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) is pleased to
announce follow-up surface sampling results from the Duck Lake structure (“Duck Lake”), 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 results from Duck Lake announced July 18, 2 017 identified flat dipping quartz veins ranging u p to 1 meter
thick exposed over a strike length of at least 500 meters (see our news release of July 18, 2017 here ). Further
prospecting and mapping programs by TerraX have ext ended the gold mineralization associated with these
structures two kilometers south of the original Duck Lake discovery into the main granite intrusive areas and three
kilometers east into a narrow neck of granite intru sion. The setting of the “flat” stacked veins in cl ose proximity
with granite intrusions is analogous to the Lamaque style deposits in Val d’Or, Quebec.
Joe Campbell, CEO of TerraX, states " Our summer/fall field program at Yellowknife City Gold has been extremely
successful, identifying 8 new target areas with significant potential for additional high grade gold discoveries in the
near future. At Duck Lake, we are very excited by the potential for a Val d’Or type deposit. We h ave greatly
expanded the mineralized zones and strike length surrounding targets such as Walsh Lake, Screamer Island and
Homer Gold. Newly identified targets, such as Angel, Burwash, Anton, Ryan Lake and Duck Lake, provide us with
further opportunities for new high grade gold discoveries on a district scale at Yellowknife City Gold.”
A total of 159 outcrop grab samples were taken at D uck Lake and were categorized by rock and vein asso ciation
(Map 2 showing the location of these samples can be acces sed here ):
• Quartz vein samples (flat veins) hosted in granite s (31 samples) with grades up to 1.21 g/t Au
• Composite quartz vein and granite samples (34 samp les) with grades up to 6.19 g/t Au
• Granite samples proximal to quartz veins (26 sampl es) with grades up to 1.09 g/t Au
• Flat veins within metamorphic sediments (68 sample s) graded up to 35.4 g/t Au
In addition, outcrop sampling conducted by TerraX suggests that the gold is contained not only in the quartz veins
but in the altered contacts to the flat veins. Mixed samples of quartz and granite were more frequently anomalous
in gold, and at higher grades (up to 6.19 g/t Au ). To test this assumption, 71 one meter channel s amples were
taken within and proximal to the Duck Lake flat veins. These samples were taken from representative areas of the
500 meter strike of known veining and were categorized by rock and vein association as follows ( see Map 3 here ):
• Quartz vein samples from flat veins (26 samples) w ith grades up to 15.5 g/t Au, with 12 samples greater
than 1 g/t Au
• Mixed quartz vein and wall rock samples (18 sample s) with grades up to 13.75 g/t Au , with 9 samples
greater than 1 g/t Au
• Wall rock samples proximal to the flat veins (27 s amples) with grades up to 7.20 g/t Au , with 7 samples
greater than 1 g/t Au .
Future work by TerraX will include analyzing the de tailed mapping that was carried out during the pros pecting,
with the goal of identifying intrusive centers and the more favourable intrusive rock types for gold m ineralization.
This work will be greatly assisted by airborne magn etic, radiometric and electromagnetic surveys which were
carried out by TerraX this summer, and lake sedimen t and biogeochemical surveys which were completed t his
autumn.
Of the 230 samples reported here, 36 returned value s greater than 1.00 g/t Au, of which 8 samples were over
10.00 g/t Au. Assay values ranged from nil to highs of 35.4 g/t Au. 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 laboratory service. 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.
With the exception of certain geophysical surveys s till under way, Terrax’s summer field exploration p rogram at
Yellowknife is now complete, with over 5,600 surfac e samples have been taken from outcrop throughout t he
property. Assay results are still pending from ove r 4,300 samples as well as biogeochemical and lake sediment
surveys completed this fall throughout the property. Results will be reported when received and inter preted.
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.