Business
TerraX continues compilation work on Northbelt Gold Property, Yellowknife, NWT; over 200 drill holes entered into a digital database to enable 3D modelling
TSX-V: TXR Frankfurt: TX0 VANCOUVER, March 22, 2013 /CNW/ - TerraX Minerals Inc. (TSX...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"\n\n\n\n\n\nTSX-V: TXR\nFrankfurt: TX0\n\n\nVANCOUVER, March 22, 2013 /CNW/ - TerraX Minerals Inc. (TSX.V: TXR) (Frankfurt: TX0) continues compilation work on its wholly-owned Northbelt gold property\n near Yellowknife, NWT and now has more than 200 historical drill holes\n entered into a digital drill database. Available information includes\n collar locations, downhole surveys, geology and gold assays.  \n Digitally compiled information reveals that 187 holes were drilled into\n the Crestaurum deposit on the property. This information has allowed\n for preliminary modelling of the mineralized shear at Crestaurum over\n 1.4 km of strike length. In addition, several dozen holes intersected\n other gold mineralized shear zones on the property, most notably the\n \"Barney Shear\", which is the interpreted extension of the Giant Mine\n shear zone and extends the entire 13 km length of the Northbelt\n property.   Summaries and maps of some of the significant historical\n gold occurrences compiled to date from the digitized data are available\n on our web site and presentation at www.terraxminerals.com.\n\n\nCompilation of the remaining drill information and historical geological\n and geophysical surveys continues. The property has abundant historical\n information that had been stored in mine archives at the former Giant\n Mine site, and the ongoing compilation will be used to direct future\n exploration programs that are planned to begin this spring.  Initial\n work will also involve permitting to carry out a detailed airborne\n magnetic and electromagnetic survey across the entire property in\n preparation for a comprehensive summer field program of mapping,\n prospecting and location of historic drill holes.  Permitting will also\n be initiated for preliminary drill programs on known mineralized zones.\n\n\nThe Northbelt Gold property consists of 121 mineral leases totalling\n 8802 acres (3562 hectares) which cover approximately 13 km of strike\n along the prolific Yellowknife Belt, 15 km north of the city of\n Yellowknife (see press release January 2, 2013). The southern part of\n the Property is accessible by road and the remainder is accessible by\n all terrain vehicles. Northbelt is situated on the northern strike\n continuation of the Yellowknife gold camp, immediately west of the\n major break controlli...