Gold

TerraX Minerals Inc. (TSXV:TXR,OTC Pink:TRXXF) announced assay results from nine holes completed during the recent summer drill program at the Crestaurum deposit, located at its Yellowknife City gold project.

TerraX Minerals Inc. (TSXV:TXR,OTC Pink:TRXXF) announced assay results from nine holes completed during the recent summer drill program at the Crestaurum deposit, located at its Yellowknife City gold project.

Highlights include:

  • 2.85 m @ 33.60 g/t Au in hole TNB14-019,
  • 3.07 m @ 13.84 g/t Au in hole TNB14-015; and
  • 5.10 m @ 7.01 g/t Au in hole TNB14-022

As quoted in the press release:

Of the nine holes reported today, four holes (TNB14-0015 to 018) were drilled into the South Shoot; two holes (TNB14-019 and 020) were drilled 1 km north along strike in the North Shoot; one hole (TNB14-021) was drilled 125 m further north along strike in the North Extension Shoot; and two holes (TNB14-022 and 023) were step-out holes drilled a further 65 m north, intercepting high-grade gold mineralization and extending the strike length of the North Extension Shoot. During surface exploration in 2013 and 2014, sampling by TerraX has indicated that the Crestaurum shear extends up to 650 m to the southwest and up to 2 km to the northeast of the area of the historic Crestaurum deposit for an overall potential strike length of over 4 km. In addition, many new oblique and high angle gold veins were identified and sampled this summer near the main Crestaurum zone as well as the nearby (< 1.5 km) Barney structure that could be indicative of gold bearing vein sets common to large mineralized systems.

Click here to read the full TerraX Minerals Inc. (TSXV:TXR,OTC Pink:TRXXF) press release.

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