TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Homer Lake Gold structure on their Northbelt property, one of 8 new high grade target areas identified on the Yellowknife City Gold Project during field work this summer (see Map 1 here).
We recently interviewed Stuart Rogers, President of TerraX Minerals (V.TXR) about the progress the company is making at its district-scale exploration project surrounding (literally) Yellowkinfe, NWT.
The area surrounding Yellowknife in the Northwest Territories is well known for its historic gold mines. Millions of ounces have been recovered from the past producing Con and Giant Mines. For Terrax Minerals (V.TXR), having ground within sight of the abandoned headframes of these famous mines was the beginning of the story. Extensive exploration has discovered both high grade and bulk gold showings along 45 km of strike on trend with the Con Mine and Giant Mine, two of Canada’s highest grade gold mines.
So far this summer, TerraX has completed extensive surface exploration on the Yellowknife City gold project, with over 5,000 surface and channel samples from numerous target areas having been delivered to the lab for analysis, with assay results pending. Terrax has also completed electromagnetic, magnetic and radiometric geophysical surveys totaling approximately 3,200 line kilometres and ground-based magnetic surveys on known high-grade gold zones in preparation for drilling later this season.