Talk
Mountains graphic with white diamonds on itGeoscience and Exploration

TerraX Minerals Inc. - Yellowknife City Gold Project- Drilling Update

Tuesday, November 19, 2019 - 9:20am to 9:40am Theatre One

Author(s)

A. Sexton (Presenting)
TerraX Minerals Inc.
J. Campbell
TerraX Minerals Inc.
E. Hebert
TerraX Minerals Inc.
B. McAllister
TerraX Minerals Inc.
S. Duncan
TerraX Minerals Inc.
A. Findley
TerraX Minerals Inc.
I. Stokes
TerraX Minerals Inc.
R. Bashynski
TerraX Minerals Inc.
D. Gabriel
TerraX minerals Inc.
J. Harris
TerraX minerals Inc.
S. Campbell
TerraX Minerals Inc.
A. Clough
TerraX Minerals Inc.
K. Nay
TerraX Minerals Inc.
B. Samson
TerraX Minerals Inc.

During 2019 TerraX completed 5,601 metres of diamond drilling in 22 NQ drill holes. The majority of this drilling was completed on the Sam Otto South, 9 holes totaling 1914 metres, and Crestaurum, 9 holes totaling 2719 metres, targets. The remainder of the drilling was completed on the Berry Hill and Ryan Lake targets. Gold assays are still pending for all drill holes except the initial six (6) holes drilled on the Sam Otto South target.

The 1182 metres in the first six (6) holes drilled on the Sam Otto South zone indicate that continuous zones of gold mineralization occur along the 1200 metre strike length and remains open in all directions. This zone was first intersected by three 400 to 500 metre spaced drill holes in 2018. The 2019 drill holes were spaced 100 to 150 metres apart. With these results the gold mineralization has been defined for a minimum of 2.5 kilometres along the five (5) kilometer Sam Otto structural corridor. The drill assay highlights from the 2019 drilling are: 2.93 g/t Au over 7.00 m in hole TSO19-043; 1.36 g/t Au over 14.00 m in hole TSO19-046; 1.24 g/t Au over 11.00 m in hole TSO19-047; 2.10 g/t Au over 4.00 m in hole TSO19-047; and 7.43 g/t Au over 1.00 m in hole TSO19-047.

The Crestaurum Zone drilling totaled 2719 metres in 9 holes. All holes hit the Main Zone, and multiple Hanging-wall zones were also intersected. Assay results are pending.

The two holes totaling 230 metres drilled on the Ryan Lake target intersected multiple veins with pyrite, chalcopyrite and molybdenite mineralization. Assay results are pending.

The two holes totaling 737 metres drilled on the Berry Hill target intersected well developed ankerite alteration and moderately developed pyrite mineralization. Assay results are pending.