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TerraX Minerals Inc. (TSXV:TXR) announced that it has started drilling at its Yellowknife City gold project. Updates will follow in the coming months.
TerraX Minerals Inc. (TSXV:TXR) announced that it has started drilling at its Yellowknife City gold project. Updates will follow in the coming months.
As quoted in the press release:
TerraX’s first drill campaign will total approximately 6,000 m of drilling and test three initial target areas; the Barney Shear, which is the extension of the Con/Giant shear system; the Crestaurum Zone, which is a high grade zone with nearly 200 historical drill intersections; and the Homer Lake base metal/precious metal target at the north end of the property The first drill hole will be collared at Homer Lake to target a buried conductor identified by airborne surveys in 2013 that has never been drill-tested This target area is within 500 m of a previously established ice road which makes winter access easier and with much less environmental impact than overland access in summer conditions. TerraX expects to be able to take advantage of 6-8 weeks of ice road use before spring breakup. Although Crestaurum and the Barney Shear are currently TerraX’s highest priority gold targets, the logistics associated with Homer Lake access dictate that it be drilled first.
Click here to read the full TerraX Minerals Inc. (TSXV:TXR) press release.