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TerraX Defines Homer Lake Gold Mineralized Zone over 2 km of Strike Length
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - TerraX Minerals Inc. (TS...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"TerraX Defines Homer Lake Gold Mineralized Zone over 2 km of Strike LengthVancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - 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). Initial surface exploration in the Homer Lake area in 2013 identified massive lead and zinc mineralization with high silver and gold values over a strike length of approximately 1 kilometer. Drilling on this target in 2016 (6 holes) extended this zone to a vertical depth of at least 250 meters and two of these holes intersected a gold zone trending north-south (see our news release of May 4, 2016 here). Prospecting and mapping by TerraX in 2017 has followed these mineralized structures over two kilometers of strike length. Mineralization is pervasive and has been discovered in all rock types including mafic volcanics, mafic intrusives, granitic intrusives, felsic volcanics, and quartz veins (60 samples greater than 1 g/t Au, and 192 samples of 567 samples grading greater than 0.10 g/t Au). Maps showing the location of these samples can be accessed here.Joe Campbell, CEO of TerraX, states. \"Our 2017 field exploration program has greatly expanded the mineralized zones at Homer Lake, providing us with yet another opportunity for high grade discoveries on the Yellowknife City Gold property during our upcoming drilling programs in early 2018.\" A total of 567 samples have been taken in the Homer Lake area, including 217 channel and chip samples. Individual highlights from outcrop samples include: Up to 25.5 g/t Au, with 60 samples greater than 1.00 g/t AuUp to 529 g/t Ag, with 28 samples greater than 100 g/t AgUp to 21.00% Pb, with 42 samples greater than 3% Pb Up to 13.65% Zn, with 24 samples greater than 3% ZnUp to 1.50% Cu, with 23 samples greater than 0.10% CuChannel sampling was carried out in mafic volcanics, felsic volcanics, and in granitic rocks. Best results included:3.00 meters @ 2.00 g/t Au, 44 g/t Ag, 1.99% Pb, and 7.94% Zinc in felsic volcanic3.00 meters @ 0.88 g/t Au, 90 g/t Ag, 4.55% Pb, and 2.22% Zinc in felsic volcanic6.95 meters @ 0.11 g/t Au, 16 g/t Ag, 1.12% Pb,...