Gold

TerraX Minerals Inc. (TSXV:TXR,OTC Pink:TRXXF) released assay results from the first two holes of a four-hole drill program recently completed at the Mispickel target, located at the Walsh Lake property at the company’s Yellowknife City gold project.

TerraX Minerals Inc. (TSXV:TXR,OTC Pink:TRXXF) released assay results from the first two holes of a four-hole drill program recently completed at the Mispickel target, located at the Walsh Lake property at the company’s Yellowknife City gold project.
The drill program was aimed at testing quartz vein and replacement-style mineralization.
Highlights include:

  • 7.30 m @ 23.60 g/t Au, including 4.55 m @ 37. 29 g/t Au in the main zone of hole TWL16-002
  • 8.60 m @ 12.87 g/t Au, including 5.45 m @ 18.24 g/t Au in the main zone of hole TWL16-001, and
  • 11.32 m @ 2.14 g/t Au, including 2.10 m @ 5.92 g/t Au in a footwall zone of hole TWL16-001

The press release also states:

Drilling at Mispickel totaled 384 meters in 4 holes on two parallel sections approximately 50 meters apart. The two holes on each section were designed to hit mineralization approximately 20-25 and 40-50 meters below surface trenches sampled by TerraX in 2013, which returned chip sampling assays across strike on the sulphide-quartz vein zone of 6.0 m @ 7.29 g/t Au (News release of October 30, 2013). All four holes drilled on the Mispickel Target intersected multiple zones of sulphide mineralized veins and replacement style sulphide mineralization of the host felsic volcanics and sediments. Three of the four holes had visible gold, including drill holes TWL16-001 and TWL16-002. Holes TWL16-001 and 002 intersected strong gold mineralization in the targeted Main Zone. TWL16-001 intersected a wide and moderately strong gold zone in the Footwall Zone, but this zone was only weakly developed in TWL16-002. Logging and sampling of the drill holes is ongoing with further results expected in the next two weeks.

Click here to read the full TerraX Minerals Inc. (TSXV:TXR,OTC Pink:TRXXF) press release.

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