TerraX Minerals Inc. (TSXV:TXR) announced the results of channel sampling at a new zone of mineralization located at its Yellowknife City gold project.
TerraX Minerals Inc. (TSXV:TXR) announced the results of channel sampling at a new zone of mineralization located at its Yellowknife City gold project. The zone is called the Hebert-Brent showing, and the project as a whole is located in Canada’s Northwest Territories.
As quoted in the press release:
Assays from cut channel sampling across the strike of the zone returned 11.0 metres @ 7.55 g/t Au. This result is highly significant, being 1 km south and on strike with the Barney Zone drilled in 2014 (22.42 m @ 6.35 g/t Au in hole NB95-16W1 – see our news release of August 25, 2014) on a newly mapped deformation zone called the Barney Deformation Corridor (“BDC”).
Importantly, the sericite-ankerite alteration sampled at the Hebert-Brent showing is very similar to alteration zonation at the C-1 shaft area at the past producing Con Mine to the south on the same structure. Sericite-ankerite altered schists have therefore become key exploration criteria for identifying potential gold mineralization in the YCG; numerous additional sericitic zones have been discovered in reconnaissance mapping in the BDC this summer and assay results are pending.
Joe Campbell, president of TerraX, commented:
This high grade sampling result reported today is illustrative of the prospectivity of the YCG, where we have the ability to discover top quality virgin mineralization on surface within an established major Canadian Gold camp.