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TerraX identifies possible kilometre scale gold-copper porphyry system
May. 09, 2011 02:20PM PST
Gold InvestingTerraX Minerals Inc. (CVE:TXR) reports that it has received results from Titan IP, soil geochemistry, and airborne magnetic surveys conducted earlier in 2011 on its Stewart gold-copper property, Newfoundland.
The press release is quoted as saying:
The property features an east-northeast striking, 6 km long by up to 1.4 km wide epithermal to porphyry style alteration zone with extensive low-grade gold-copper mineralization of which less than 15% has been drill and trench tested. Quantec Geosciences completed Titan 24 ground geophysics (deep penetration IP) across 2.5 km of strike length on the 6 km long alteration zone. Three separate chargeability anomalies were identified, collectively defining a zone of anomalous chargeability which spans the entire length of the survey area (2.5 km).
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