TerraX Hits 10.26 Meters of 3.6 G/t Gold at Yellowknife City Gold Project

TerraX Minerals (TSXV:TXR) reported assay results from six additional holes at the Hebert-Brent Shear Area of its Yellowknife City Gold project.
Highlights included:

• 10.36 m @ 3.61 g/t Au, including 2.95 m @ 5.01 g/t Au and 2.58 m @ 6.45 g/t Au in hole TNB15-024, and
• 6.70 m @ 2.70 g/t Au, including 2.00 m @ 8.77 g/t Au in hole TNB15-025.

As quoted in the press release:

Drilling of the Hebert-Brent Shear was conducted to follow up on assays from cut channel sampling at surface that included 11.00 m @ 7.55 g/t Au (reported September 8, 2015) on the original Hebert-Brent Zone (H-B); 17.86 m @ 2.21 g/t Au on the Hebert-Brent East Zone (H-B East); 6.00 m @ 10.26 g/t Au on Hebert-Brent South Zone (reported September 8, 2015) and 4 m @ 13.89 g/t on the Brent Zone (reported October 28, 2015). This channel sampling interpreted multiple north to northeast striking shear zones intersecting steeply northeast dipping porphyry dykes that led us to expect north-easterly plunging zones of mineralization. These drill results, along with surface mapping that was carried out in conjunction with the drilling, reveal that the mineralization actually resides near the hinges of north to north-northeast trending fold axes plunging shallowly to the south. This new interpretation also shows that the mineralization in the H-B, Brent, and H-B East is the same zone of mineralization, located on a favourable gabbro and bleached mafic volcanics next to an identifiable sedimentary (mudstone) unit.
Holes TNB15-024 and TNB15-025 at the H-B zone and TNB15-028 at the H-B East successfully intersected the targeted mineralization, albeit at different down-hole distances than anticipated. Holes TNB15-026 and 027 failed to intersect the zone as they were well below the actual plunge direction, although TNB15-026 crossed the structure with minor anomalous gold. Hole TNB15-029, targeted on the H-B South, also failed to intersect the zone as it was well below and north of the expected south plunge direction. A map showing all drill collar locations reported in this news release is available on our web site at www.terraxminerals.com.
The shallow plunge directions on the zones make it ideal for follow-up drilling with short holes, which will be undertaken during the winter drill program in early 2016. In addition, the favourable stratigraphic horizon for the mineralization, with the necessary sericite and chlorite alteration, has been mapped over much larger areas to the northeast of the Hebert-Brent Shear. These areas will be explored during field programs in 2016.

Click here for the full press release.