TerraX stakes 253 square kilometres of contiguous g round in the highly prospective Yellowknife Gold District
February 1, 2017 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX stakes 253 square kilometres of contiguous g round in the highly prospective Yellowknife Gold
District
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce that it has effectively tripled the size o f its land position at the Yellowknife City Gold pr oject by staking
an additional 253 square kilometres in three areas contiguous to its current properties. This additional ground was
staked based on extensive research completed on pro spective surrounding lands over the last three year s and
brings TerraX’s total holdings adjacent to the City of Yellowknife in the Northwest Territories to 382 sq km, all of
which is wholly-owned by TerraX. The map indicatin g the newly acquired lands can be accessed here and is
available on our web site under “Yellowknife City G old Project” at www.terraxminerals.com .
Joseph Campbell, the CEO of TerraX, stated “Since t he beginning of the Yellowknife City Gold project w e have
pursued a goal of assembling and controlling a majo r Canadian gold district. The acquisition of this h ighly
prospective new ground completes that goal and prov ides TerraX shareholders with additional opportunit ies for
high grade gold discoveries. We are very much looki ng forward to our 2017 drill campaigns, which are e xpected
to commence shortly.”
The new claim areas include:
• A northern extension to the Northbelt property cov ering prospective geology on the west side of the
greenstone belt (mafic volcanics) hosting the past producing Con and Giant deposits at Yellowknife;
• An additional block on the east side of the Southb elt property covering the southern extension of the
prolific Campbell Shear, the source of over 5 milli on ounces of high-grade gold production at the past
producing Con Mine; and
• A large block of ground in the Burwash sediments ( Duncan Lake Group), which hosted the past producing
high grade Discovery (1 Moz at an average grade of 1 oz/t), Ptarmigan, Tom, Burwash and Cassidy mines
as well as numerous gold showings.
TerraX has initiated a program of data compilation on the new ground, and it is planning comprehensive
geophysical, geochemical and mapping and prospectin g surveys for the spring, summer and fall of 2017. This
work plan follows the successful pattern of exploration that has already brought TerraX recent gold discoveries on
our original Northbelt property and identified exciting new drill targets on our Southbelt claim block .
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 382 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 40 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 Paradox Public Relations Inc.
Manager of Corporate Communications Phone: 514 -341-0408
Toll-Free: 1- 800-481-1876 Toll-Free: 1-866-4 60-0408
[email protected] [email protected]
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.