TerraX Drills 1.39 Meters at 40.52 G/t Gold at Yellowknife City Gold Project

TerraX Minerals (TSXV:TXR) reported drill results from the first 19 holes of its 41 drill hole program at the Crestaurum Shear on its Yellowknife City Gold Project.
As quoted in the press release:

Central Shoot

• 1.39 m @ 40.52 g/t Au in TCR15-037 in a newly discovered zone in the hanging wall of the main shear
• 1.00 m @ 13.60 g/t Au in TCR15-040 in the hanging wall zone

North Shoot

• 2.87 m @ 6.01 g/t Au in TCR15-048 on the main shear, and
• 2.45 m @ 4.72 g/t Au in TCR15-045 in the hanging wall zone

Thirteen holes (TCR15-033 to TCR15-044 and TCR15-051) were drilled on the Central Shoot. Previous drilling into the higher grade portions of the Central Shoot included 5.00 m @ 20.66 g/t Au in hole 85-187; 3.00 m @ 12.99 g/t Au in hole 85-181; and 5.00 m @ 5.29 g/t Au in TCR15-019 but historically the Central Shoot has been the smallest mineralized zone along the main shear.
The discovery of a higher grade zone in the hanging wall of the main shear, with similar veins and alteration haloes as the main zone, now indicates the potential of developing another high grade shoot in the Central zone of the Crestaurum area. The hanging wall zone was discovered as TerraX moved drill collars east to intersect the east dipping main shear zone deeper down dip. The new hanging wall zone was intersected from only 2 to 20 meters below surface, with at least 2 holes collared in the zone after it was exposed during drill site set-up. The newly discovered zone of mineralization had best intersections of 1.39 m @ 40.52 g/t Au in TCR15-037; 1.00 m @ 13.60 g/t Au in TCR15-40, and 2.45 m @ 4.72 g/t Au in TCR15-045. Subsequent surface mapping and sampling on this vein structure indicates a significant zone of mineralization is emerging in this area.

Click here for the full press release.