TerraX extends the Walsh Lake structure by 2.7 km to the north with high grade gold in outcrop sampling
October 11, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX extends the Walsh Lake structure by 2.7 km to the north with high grade gold in outcrop
sampling
Vancouver, B.C. – TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) is pleased to report
it has extended its Walsh Lake structure by 2.7 km with extensive surface sampling of high grade gold
mineralization in outcrop. These results potentially increase the strike length to 6 kilometers through outcrop grab
sampling and high gold values in lake sediment geoc hemical sampling. For all sample results reported, please
see map here .
Highlights Include:
• 22.3 g/t Au in outcrop grab sample
• 17.9 g/t Au, 68.2 g/t Ag 2.0% Pb, 1.3% Zn in outcrop grab sample
• 11.1 g/t Au in outcrop grab sample
• 6.0 meters @ 3.14 g/t Au in channel samples
• 7.0 meters @ 2.42 g/t Au in chip sampling of historic trenches
• 6.0 meters @ 1.29 g/t Au in chip sampling of historic trenches
• 8.0 meters @ 1.07 g/t Au in chip sampling of historic trenches
The Walsh Lake structure hosts high grade zones pre viously sampled by TerraX in 2015 and 2016 and dril led by
TerraX in 2016 (Mispickel). TerraX explored the northern strike extension of the Walsh Lake structure with surface
rock sampling, LiDAR, geophysics, and lake sediment sampling over a broad search area this summer, res ulting
in the discovery of new mineralized zones with assay results up to 22.3 g/t Au in grab samples. The LiDAR surveys
revealed historic trenches over 100 meters of strike that were subsequently chip sampled with results that included
2.42 g/t Au over 7 meters across the strike of the zone. These results are currently being followed up by more
extensive channel sampling.
Joe Campbell, the Chief Executive Officer of TerraX, states: "The results reported today greatly expand one of our
highest grade mineralized structures, more than tri pling the strike length at Walsh Lake in outcrop sa mpling. The
outcrop grab sampling and strong gold values in lake sediment samples potentially extend the strike of the Walsh
Lake structure to 6.0 km and greatly increases our chances of finding multiple high-grade zones of min eralization
along this structure.”
Today’s results include 473 samples from 2015 and 2 016 sampling, and 358 samples from the 2017 program .
Surface exploration on the Yellowknife City Gold pr oject this summer has collected more than 5,600 sam ples in
its 2017 outcrop sampling program. Results from a t otal of 1,006 samples from the 2017 program have be en
reported to date. Assay results are pending from mo re than 4,600 samples, including channel sampling s till
underway on multiple target areas on a district wide basis.
The results reported here have sample values ranging from nil to a high of 22.30 g/t Au, with 54 samples returning
assay values greater than 1 g/t Au and a further 11 2 samples with assays greater than 0.20 g/t Au. Sam pling
included insertion of certified standards and blank s 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. A LS 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.
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 within 15 km of the City of Yellowknife, the YCG is close 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
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.