TerraX Minerals Announces 2019 Drill Targets
January 8, 2019 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX Minerals Announces 2019 Drill Targets
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce that 2018 exploration programs delivered concrete advancement of targets at the Yellowknife City Gold
(YCG) project. While continuing to deliver high grade surface results, TerraX compiled and enhanced all data sets
to achieve a clearer understanding of the deposits. Analysis and review of the entire district by a pa nel of internal
and external global experts has identified new targets and further defined existing ones.
David Suda, President and CEO stated: “The Yellowknife City Gold Project continues to eme rge as a globally
significant exploration opportunity due to it’s dis trict scale, infrastructure and proximity of target s to historic gold
producers Con and Giant. The outcome of targeting h as brought about an exciting turning point for Terr aX. Most
importantly, this work provides context for gold fi ndings on and below surface to date and sheds light on new un-
drilled opportunities that lie within our existing core focus areas.”
Identifying targets included the analysis and prioritization of over 100 prospective areas Figure 1 on the property.
These targets were scored based on a rigorous class ification of their exploration stage, their potenti al, and the
level of confidence from the information currently available Figure 2 . Four top priority targets were flagged for
deposit expansion or confirmation drilling. Joe Cam pbell, Executive Chairman stated: “Equally exciting is the
identification of several new high potential early stage targets that require additional exploration w ork. These
targets are parallel structures to the shear that produced 5+ million ounces of gold at the Con mine.”
The Targets:
Barney Deformation Corridor (BDC) , Crestaurum and Sam Otto are the top three targets which will be the
focus for expansion of gold deposits. Homer screened as a new high potential target and will b e the focus of
confirmation drilling. All four targets lie within 5km of each other in the Northbelt Core focus area of the project.
Figure 3 These data driven targets are the highest potentia l and highest confidence targets that were the resu lt
of the comprehensive work completed by our expert panel.
• BDC Figure 4 (Barney Deformation Corridor) is an extension of the Giant gold system with 3 par allel
north/south structures over 1km of strike intersect ing with Crestaurum. It features abundant high-grad e
rock samples on surface. There has been very little drilling over the majority of this shear zone at t he
intersection with Crestaurum making this an exciting new target .
• Crestaurum Figure 5 continues to be a top priority target. Previous dr ill success together with strong
vectors from surface data including magnetics and geochemistry have identified two parallel structures to
the north that are new and largely untested .
• Sam Otto Figure 6 remains a highly prospective bulk tonnage target w ith total strike length of 2.5km
continuous mineralization. Drilling will focus on further defining the extension of mineralization.
• Homer Figure 7 is a 2km long and nearly 1km wide target with confi rmed strong mineralization on
surface. Pathfinder elements and felsic intrusions related to gold mineralization are contributing vec tors
that make this a very exciting target. This is one of TerraX’s largest mineralized zones, and there is strong
potential for economic gold bearing shears.
The technical information contained in this news release 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 783 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.