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Phase 2 Drilling At Sam Otto Delivers 25.5m of 1.26 g/t Gold
VANCOUVER, BC / ACCESSWIRE / October 10, 2019 / TerraX Minerals Inc. (TSX-V:TXR) (Frankfurt:T...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Phase 2 Drilling At Sam Otto Delivers 25.5m of 1.26 g/t GoldVANCOUVER, BC / ACCESSWIRE / October 10, 2019 / TerraX Minerals Inc. (TSX-V:TXR) (Frankfurt:TX0) (OTC Pink:TRXXF) is pleased to announce depth extension of gold mineralization at Sam Otto South with results from an additional 732 meters of drilling (2019 Phase 2) in three holes (Figure1). Phase 2 drill highlights from the Sam Otto South zone include: 25.5m of 1.26 g/t gold, including 10.0m of 1.76 g/t gold, demonstrating that the zone is thickening and also open at depth (Figure 2).The Sam Otto South area is open in all directions over a strike length of more than 2.5 km. See Table 1 below for a summary of 2019 Phase 2 Sam Otto South drill assay intervals.Message from David Suda, President and CEO:\"Potential continues to grow at Sam Otto. Phase two drilling indicated that gold structures thicken at depth producing results that make this target exciting especially given its scale and proximity to top tier infrastructure. The results further verify the presence of a large mineralized system that remains open in all directions for expansion. The excellent width and grade at Sam Otto will be a primary focus of the next drill program and represents the best opportunity to add volume and ounces to our project. We look forward to our next drill program scheduled for this coming winter.\"Figure 1: Surface trend of Sam Otto mineralization showing that the areas of 2019 Phase Two drilling confirms and extends the Sam Otto South mineralization at depth and along strike.Figure 2: Cross Section of gold intersection for hole TSO19-050 drilled under winter 2018 drill hole TSO18-037, showing increasing thickness of mineralized zone.Technical Summary: Gold mineralization encountered within the Sam Otto South target is in shear zone structures 100 - 200 meters in width with strong sericite alteration and shearing. Gold mineralized zones contain disseminated sulphides. These geological characteristics are consistent with what is observed at the Sam Otto Main zone clearly demonstrating the bulk tonnage potential of the 4.5 kilometer Sam Otto South structure.The twelve drill holes form the 2018 and 2019 campaigns in the Sam Otto South zone, together with surface channel samples, have shown that higher grade lenses (27.16 m of 2.16 g/t as example) are at a 10-15 degree angle to the main nor...