TerraX Winter Drilling
It’s cold up in Yellowknife NWT. Which suits TerraX Minerals (V.TXR) because it means the company can deploy its drill rigs across the frozen ground with a minimum of environmental disturbance.
Tag: NWT
Filling the News Hopper at Terrax
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.
Terrax: Yellowknife Gold
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.
TerraX expands Yellowknife City Gold field exploration program
Vancouver, September 12, 2017 – TerraX Minerals Inc. (TSX.V: TXR; Frankfurt: TX0; OTC: TRXXF) is pleased to announce that it has budgeted an additional $1.8 Million in field exploration spending at the Yellowknife City Gold project to follow up on promising exploration targets identified during the summer field work. This work will be carried out between now and the end of 2017 and will include extensive ground magnetic and induced polarized (IP) surveys on new and established drill targets and comprehensive biogeochemical surveys over large areas of the property covered by swamps and overburden.
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.
Northern Territories Assays Show New Mineralized Structures
TerraX Minerals Inc. (TXR:TSX.V) released assay results from the Yellowknife City Gold project in Canada’s Northwest Territories on July 18. Surface sampling from the Angel and Duck Lake zones revealed some high-grade results, including 67.5 g/t gold and 4,910 g/t silver at Angel and 20.3 g/t gold at Duck Lake.