TerraX winter drilling extends Sam Otto zone with 1.5 km step-out hole, confirming a 2.2 km long
March 9, 2018 TSX-V: TXR
Frankfurt: TX0
OTC Pink: TRXXF
News Release
TerraX winter drilling extends Sam Otto zone with 1.5 km step-out hole, confirming a 2.2 km long
mineralized zone open along strike and at depth.
Vancouver, B.C. – TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to
announce assay results from the first 5 holes (2,00 3 m) of its 2018 winter drill program now underway on the
Yellowknife City Gold project. Two of these holes (688 m) tested the Sam Otto South extension, confirming a 2.2
km mineralized zone that remains open along strike and at depth. These holes were drilled as a follow up to our
surface sampling program done in 2017 (news release of Sept 26, 2017). That program indicated the Sam Otto
zone may extend for 3.5 kilometers south of the mai n zone which was drilled over 750 m of strike lengt h in 2016.
Hole TSO18-035 was collared 1.5 kilometer south of the Sam Otto main zone and intersected a broad zone of
deformation and alteration (150 m wide) that contai ned a mineralized zone assaying 2.16 g/t Au over 27.16 m ,
including 1 m of 23.1 g/t Au , and 2.44 m at 7.99 g/t Au.
The second hole, TSO18-037, drilled 377 m north alo ng strike from TSO18-035 also intersected a broad
deformation and alteration zone (231.5 m wide), and contained a mineralized zone assaying 1.92 g/t Au over
11.52 meters , including 2.89 g/t Au over 3.64 meters. A map of drill hole locations is available here .
Joseph Campbell, the CEO of TerraX, stated “The ext remely long step out for hole TSO18-035 confirmed o ur
exploration targeting. The higher grade multi-gram intersections reported here exceed the grades typic ally seen
in the Sam Otto main zone and confirm continuity wi thin this large mineralizing system. With several kilometers
of strike length to explore, we are excited about the potential for a large tonnage deposit.”
Three holes totaling 1,315 m were also drilled on t he Sam Otto Main zone testing the down dip extensio n of
previous TerraX drilling to a vertical depth of 350 meters. These three holes were drilled over 230 meters of strike
length below previous drilling at the Sam Otto main zone. All holes hit typical Sam Otto main zone de formation
and alteration, extending the Sam Otto main zone to depth, but with an increase in mineralized quartz veins relative
to the mineralized zones in the previous shallower holes. Hole TSO18-032 intersected deformation and alteration
over 247.5 m, with a well mineralized zone of 0.85 g/t Au over 62.24 m, including 2.04 g/t Au over 13. 95 m. Hole
TSO18-033 intersected deformation and alteration ov er 216.5 m, with two well mineralized zones of 0.52 g/t Au
over 21.50 m and 0.50 g/t Au over 40.00 m. Hole TS O18-034 intersected deformation and alteration over 176.2
m, with well mineralized zones that included 0.51 g/t Au over 31.80 m. The following table provides a listing of all
significant drill results.
Sam Otto - Main Zone Drill Results
Drill
Hole Dip
Azim
uth
UTM Location
From
(m) To (m)
Interva
l (m) Au g/t Easting Northing
TSO18-
032
-60 270 639967 6944586 Deformation and alteration 188.0 -435.5m (247.5m)
226.50 228.00 1.50 1.08
289.00 290.85 1.85 0.90
324.00 386.24 62.24 0.85
incl. 327.85 341.80 13.95 2.04
incl. 327.85 328.70 0.85 20.80
358.00 362.75 4.75 0.70
incl. 370.00 383.70 13.70 1.23
395.00 399.30 4.30 0.84
TSO18-
033
-50 270 639978 6944697 Deformation and alteration 158.5 -375.0m (216.5m)
271.00 292.50 21.50 0.52
incl. 282.57 286.50 3.93 1.26
303.00 343.00 40.00 0.50
incl. 315.00 322.20 7.20 1.09
TSO18-
034
-58 270 639976 6944809 Deformation and alteration 238.8 -415.0m (176.2m)
238.85 242.56 3.71 1.23
258.20 290.00 31.80 0.51
incl. 277.00 287.00 10.00 0.99
319.00 323.00 4.00 1.10
333.00 334.70 1.70 1.14
incl. 356.83 360.10 3.27 0.85
Sam Otto South Drill Results
Drill
Hole Dip
Azim
uth
UTM Location
From
(m) To (m)
Interva
l (m) Au g/t Easting Northing
TSO18-
035
-50 270 639802 6943090 Deformation and alteration 96.0 -246.5m (150.5m)
96.35 98.60 2.25 0.62
169.64 172.35 2.71 1.90
180.00 184.80 4.80 0.84
201.84 228.96 27.12 2.16
incl. 207.00 208.00 1.00 23.10
incl. 222.93 225.37 2.44 7.99
TSO18-
037
-50 270 639804 6943467 Deformation and alteration 94.0 -325.5m (231.5m)
103.62 115.14 11.52 1.92
incl. 111.50 115.14 3.64 2.89
134.00 136.00 2.00 1.18
All holes were drilled approximately normal to proj ected strike and dip of the zones of mineralization and are
interpreted to be approximately 75-80% of true thickness.
Drilling on the Northbelt property is currently being carried out by two drills on multiple targets. The initial 2018 drill
campaign is planned to be approximately 6,300 meter s.
For the 5 holes reported today, TerraX collected 1, 587 samples for assay from the drilling reported he re. Results
ranged from below detection to 23.1 g/t Au. Drill hole collar locations were surveyed to sub-meter accuracy. Down
hole surveying was completed on all holes. TerraX i nserts certified standards and blanks into the samp le stream
as a check on laboratory QC. Drill core samples are cut by diamond saw at TerraX's core facilities in Yellowknife.
A halved core sample is left in the core box. The o ther half core is sampled and transported by TerraX personnel
in securely sealed bags to ALS Chemex's (ALS) prepa ration laboratory in Yellowknife. After sample prep aration,
samples are shipped to ALS's Vancouver facility for gold and ICP analysis. Gold assays of >3 g/t are r e-assayed
on a 30 gm split by fire assay with a gravimetric f inish. ALS is a certified and accredited laboratory service. ALS
routinely inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported.
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
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
"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, events or otherwise.