TerraX Minerals Granted Approval for Exploration and Drilling on Yellowknife City Gold Project

The McKenzie Valley Land and Water Board has issued TerraX Minerals Inc. (TSXV:TXR,FWB:TXO) a Land Use Permit (No. MV2014C005), for the exploration and drilling programs on the Yellowknife City Gold Project. The permit applies to all of the Company’s exploration land holdings which are immediately north of Yellowknife, except the Goodwin Claims which contain approximately 5% of the Yellowknife Dene First Nation area.

As quoted in the press release:

The permit applies to all TerraX’s exploration land holdings immediately north of the City of Yellowknife with the exception of the Goodwin Claims which contain approximately 5% of the YCGP area. At the request of the Yellowknife Dene First Nation (YKDFN”), TerraX requested that the Goodwin Claims not be included in the permit. This area is currently low priority for TerraX and the YKDFN has advised that portions of the Goodwin Claims border culturally and environmentally sensitive land. TerraX will conduct below threshold prospecting activity on the Goodwin Claims to ascertain their mineral potential and at that time will sit down with the YKDFN to advise them of findings prior to any future work on the Goodwin property.

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