TerraX identifies two new gold zones on Northbelt p roperty and channel samples 5.50 m @ 24.75 g/t Au at Ptarmigan on Eastbelt
July 12, 2018 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX identifies two new gold zones on Northbelt p roperty and channel samples 5.50 m @ 24.75 g/t Au
at Ptarmigan on Eastbelt
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce assay results from the Company’s summer fi eld program now underway on the Yellowknife City Go ld
project.
The first set of assay results come from sampling d one on two new zones called Gull Lake and Rater Lak e that
have been identified on our Northbelt property. The se new targets are in the same mafic volcanic geolo gy that
also hosted the Giant and Con mines. The highlight assays are 43.7 g/t Au , 28.0 g/t Au , and 19.05 g/t Au on the
Gull Lake Zone with several additional assays in th e 1 to 5 g/t Au range on both zones. These gold zones are
interpreted as being the continuation of the Giant Mine gold structure, warranting immediate further w ork along
these structural trends. A map showing the location of these samples is available here .
The second set of assay results come from channel sampling done around the past producing Ptarmigan Mine on
Eastbelt, an asset that TerraX acquired in early 20 18 (see news release of January 12, 2018 ). These channels
were cut from outcrop along the Ptarmigan vein trends and sampled across the gold mineralized structures. Assay
results for gold range up to 226 g/t Au and 126 g/t Ag in 0.50 m channel samples from Channel ECH18-037.
Intervals for the 3 sampled areas (ECH18-035 to ECH 18-037) are indicated on the map available here and
include:
• ECH18-037 - 24.75 g/t Au over 5.50 m (including 44.82 g/t Au over 3.00 m)
• ECH18-036 - 5.39 g/t Au over 7.50 m (including 10.44 g/t Au over 2.50 m )
• ECH18-035 - 4.25 g/t Au over 2.00 m
Joseph Campbell, Executive Chairman of TerraX, stat ed: “These initial sample results from our summer p rogram
on both our Northbelt and Eastbelt properties were taken from easily accessible areas. The Ptarmigan sampling
is literally beside a paved road illustrating the excellent infrastructure of the land package for both exploration and
eventual development. Further, the newly identified gold zones at Gull Lake and Rater Lake are proxima l to the
Crestaurum road. These veins look to be a continuation of prolific mineralized zones mined in the past at the high
grade Giant Mine immediately to the south. The channels from the Ptarmigan area have grades very much in line
with its historical high grade production and our i nitial work at both these areas confirms continuity within these
large mineralizing systems. We are continuing to work in these areas and additional results are pendin g.”
Channel assays reported today from the Ptarmigan ar ea total 194 samples with gold grades ranging from nil to
226 g/t Au. Channel samples are considered represen tative of the zones that have been sampled.
Assay values from grab sampling at Gull and Rater L akes range from nil to a high of 43.7 g/t Au. Samp ling
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, 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.