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TerraX Extends Ptarmigan Zone 400 Meters Northwest; Ptarmigan Channel Sampling Returns 53.85 g/t Au Over 1.80 M
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - TerraX Minerals Inc. (TSXV:...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"TerraX Extends Ptarmigan Zone 400 Meters Northwest; Ptarmigan Channel Sampling Returns 53.85 g/t Au Over 1.80 MVancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce further assay results from the Company's ongoing summer field program on the Yellowknife City Gold project.David Suda, President and CEO stated: \"The summer program continues to yield results that confirm the potential of the Yellowknife City Gold Project as a district scale camp. Surface results, magnetic imaging, and geochemistry data will provide a roadmap to future drilling on our most prospective targets. The Northbelt remains our core area of focus but we are systematically sampling 10km away on the Eastbelt with encouraging results.\"Continued channel sampling and prospecting assay results come from the area immediately northwest of the past producing Ptarmigan Mine on Eastbelt. Detailed mapping and prospecting extends the Ptarmigan zone 400 meters northwest of previously reported channel sampling with a 19.00 g/t Au grab sample along the Ptarmigan trend. Channel sample results were cut from outcrop southeast of previously reported channels (24.75 g/t Au over 5.50 m including 44.82 g/t Au over 3.00 m reported on July 12, 2018) following the Ptarmigan vein trend and sampling across the gold mineralized structures. Assay results for gold range up to 124 g/t Au in a 0.70 m channel sample from Channel ECH18-039. Mineralized intervals for the sampled areas (ECH18-034, 038, 039 and ECH18-041) are indicated on the maps available here and include: ECH18-034 - 4.76 g/t Au over 2.00 mECH18-038 - 6.60 g/t Au over 2.10 m ECH18-039 - 53.85 g/t Au over 1.80 mECH18-041 - 18.13 g/t Au over 3.10 m Joseph Campbell, Executive Chairman of TerraX, stated: \"The high grade channels from the Ptarmigan area continue to impress, and the extension of the zone through prospecting 400 meters to the northwest greatly expands the target area for developing potential mineral resources.\"An additional grab sample was collected from a gossanous quartz vein 2.7 kilometers due west of the Ptarnigan Mine, and assayed 5.17 g/t Au. Further work is warranted in this area. More results from the Northbelt and Eastbelt properties are expected during the Company's current summer program. Assays rep...