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TerraX Expands high grade Au-Mo-Cu-Ag zone at Ryan Lake Porphyry; sampling returns assays up to 97.7 g/t Au, 32.4 g/t Ag, 2.09% Cu and 0.32% Mo
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2017) - TerraX Minerals Inc. (TSX...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"TerraX Expands high grade Au-Mo-Cu-Ag zone at Ryan Lake Porphyry; sampling returns assays up to 97.7 g/t Au, 32.4 g/t Ag, 2.09% Cu and 0.32% MoVancouver, British Columbia--(Newsfile Corp. - December 14, 2017) - TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce high-grade surface sampling results from the Ryan Lake area on its Northbelt property, one of eight new high-grade target areas identified on the Yellowknife City Gold Project during fieldwork this summer (see maps here). Exploration this summer focused on defining the surface extent of polymetallic mineralization associated with the Ryan Lake intrusion originally identified in 2013. A total of 230 surface outcrop samples were taken in the Ryan Lake area with assay results up to 97.7 g/t Au, 32.4 g/t Ag, 2.09% Cu, and 0.32% Mo. The gold mineralization at surface is widespread and appears to stretch for 3.8 km along the eastern contact with the Ryan Lake intrusion, with high grade molybdenum mineralization overlapping the gold and covering 3.0 kilometers of that strike length. The high grade gold trend also appears to extend gold mineralization identified at Shear 17 (see news release of August 4, 2015) a further 2 kilometers north of its previously known extent. Joe Campbell, CEO of TerraX, states \"The Ryan Lake porphyry intrusion has now developed into a significant exploration target, with potential for world class size and grade. This exciting target has been developed over 4 years and is now a priority for immediate drilling in 2018.\" Background History of Ryan Lake Porphyry Gold TargetInitial surface exploration in the Ryan Lake area in 2013 identified molybdenum-gold-copper-silver mineralization associated with veins within the Ryan Lake Porphyry intrusion and in mafic volcanics near the contact with the intrusion. In late 2013 a buried carbonate altered porphyry with well mineralized quartz veins was observed in a drill hole extending below the Barney Shear Zone, located approximately one kilometer from the surface expression of the Ryan Lake intrusion (4.0 m 7.73 g/t Au, 0.13% Mo; and 7.44 g/t Au, 14.5 g/t Ag, 0.24% Cu reported Dec 3, 2013). Significant Au-Cu-Ag mineralization was also reported in drilling within the mafic volcanics next to the porphyry intrusion (26.5 m @ 0.59 g/t Au, 11.3 g/t Ag, 0.15% Cu reported Dec 3, 2013)...