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TerraX Minerals Inc. (TSX-V:TXR; Frankfurt: TX0; OTC Pink: TRXXF) has received the final assay results from 22 holes totalling 3,485 meters drilled at multiple zone on the Yellowknife City Gold Project, immediately north of Yellowknife in the Northwest Territories.
TerraX Minerals Inc. (TSX-V:TXR; Frankfurt: TX0; OTC Pink: TRXXF) has received the final assay results from 22 holes totalling 3,485 meters drilled at multiple zone on the Yellowknife City Gold Project, immediately north of Yellowknife in the Northwest Territories. Drilling reported here includes the primary target, Mispickel, as well as the Barney, AES, Pinto and VSB zones.
As quoted in the press release:
Drilling at Mispickel again intersected visible gold zones in quartz veins with highlights that included:
- 8.00 m @ 60.60 g/t Au including 2.25 m @ 212.48 g/t Au in hole TWL16-016
- 10.68 m @ 2.34 g/t Au including 2.57 m @ 6.84 g/t Au in hole TWL16-015
- 12.95 m @ 1.53 g/t Au including 4.81 m @ 3.38 g/t Au in hole TWL16-017
Drilling at Mispickel comprised five holes totalling 980 meters that followed up on four holes (384 m) drilled at Mispickel in February, 2016 that returned 8.60 m @ 12.87 g/t Au in TWL16-001 and 7.30 m @ 23.60 g/t Au in TWL16-002 (news release of February 23, 2016). The high grade intersection in TWL16-016 (8.00 m @ 60.60 g/t Au) is located 40 meters down dip from TWL16-002 (7.30 m @ 23.60 g/t Au).
All five holes at Mispickel reported today intersected significant zones of mineralization. Each hole contained wide zones of low grade mineralization, including 145.90 meters @ 0.34 g/t Au in TWL16-017. This hole was collared in mineralization and ended in mineralization, with the bottom of the hole assaying 4.60 m @ 1.31 g/t Au. Within these pervasive zones of low grade gold mineralization are areas of higher grade gold, usually accompanied by visible gold, as indicated in the highlights listed above.
TerraX Minerals President, Joe Campbell, stated :
The areal extent of the gold mineralization at Mispickel indicates a large mineralizing system within which exist significant high grade gold zones, as evidenced by the drill results reported today. Our summer drill program will follow-up on this success by further testing along the strike and dip extensions of the Mispickel structure, which was only discovered this winter and has had limited drill testing.