TerraX Recovers 16,000 meters of Historical Core
January 14, 2019 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX Recovers 16,000 meters of Historical Core
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce that in cooperation with The Geological Su rvey of the NWT and The Giant Mine Remediation
Project, TerraX was able to recover 16,000 meters of historical drill core. In a preliminary review of the core
TerraX geologists have identified visible gold Core Photo 1 and are currently logging and splitting the
favorable sections of core for assaying.
David Suda, President and CEO stated: “Acquiring co re with visible gold provides an exciting and
unexpected jumpstart to the advancement of key targ ets that will provide investors an early look at as say
results in the first half of 2019. We have effectively gained a full season of drilling for a fraction of the normal
cost.”
Mr. Suda further stated “The core is from 3 of 4 id entified targets that TerraX plans to drill next, a lthough
highly encouraging the strongest or largest targets still remain to be tested in our next drill program”
The core material is from holes drilled on TerraX p roperty Figure 1 Historical drill logs related to the
recovered core indicate that several holes showed significant gold intersections. Core Photo 2 The logging
and re-sampling of this core to confirm historical reports is a top priority for TerraX Q1 of 2019. Si nce the
acquisition, TerraX has identified core from holes drilled on the northern extension of the Giant mine gold
structure which sits on TerraX land. These holes ar e significant to the development of high priority
exploration targets Figure 2
TerraX will continue to sort, log and resample core to strategically identify the best core for assay in winter
2019.
The technical information contained in this news re lease has been approved by Joseph Campbell,
Executive Chairman of TerraX, who is a Qualified Pe rson 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 No rthwest Territories. Through a series of acquisitio ns,
TerraX controls one of the six major high-grade gol d camps in Canada. Being within 10 km of the City o f
Yellowknife, the YCG is close to vital infrastructu re, including all-season roads, air transportation, service
providers, hydro-electric power and skilled tradespeople.
The YCG lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the ma in
mineralized break in the Yellowknife gold district, including the southern and northern extensions of the
shear system that hosted the high-grade Con and Gia nt 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 s erve to indicate the project's potential as a world -class
gold district.
For more information on the YCG project, please vis it 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,
uncertainties and other factors that may cause actu al events to differ materially from current expecta tion.
Important factors - including the availability of f unds, the results of financing efforts, the complet ion of due
diligence and the results of exploration activities - that could cause actual results to differ materi ally from
the Company's expectations are disclosed in the Com pany's documents filed from time to time on SEDAR
(see www.sedar.com ). Readers are cautioned not to place undue relianc e 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.