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TerraX identifies two new gold zones on Northbelt property and channel samples 5.50 m @ 24.75 g/t Au at Ptarmigan on Eastbelt
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - TerraX Minerals Inc. (TSXV:...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"TerraX identifies two new gold zones on Northbelt property and channel samples 5.50 m @ 24.75 g/t Au at Ptarmigan on EastbeltVancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce assay results from the Company's summer field program now underway on the Yellowknife City Gold project.The first set of assay results come from sampling done on two new zones called Gull Lake and Rater Lake that have been identified on our Northbelt property. These new targets are in the same mafic volcanic geology that also hosted the Giant and Con mines. The highlight assays are 43.7 g/t Au, 28.0 g/t Au, and 19.05 g/t Au on the Gull Lake Zone with several additional assays in the 1 to 5 g/t Au range on both zones. These gold zones are interpreted as being the continuation of the Giant Mine gold structure, warranting immediate further work along these structural trends. A map showing the location of these samples is available here.The second set of assay results come from channel sampling done around the past producing Ptarmigan Mine on Eastbelt, an asset that TerraX acquired in early 2018 (see news release of January 12, 2018). These channels were cut from outcrop along the Ptarmigan vein trends and sampled across the gold mineralized structures. Assay results for gold range up to 226 g/t Au and 126 g/t Ag in 0.50 m channel samples from Channel ECH18-037. Intervals for the 3 sampled areas (ECH18-035 to ECH18-037) are indicated on the map available here and include: ECH18-037 - 24.75 g/t Au over 5.50 m (including 44.82 g/t Au over 3.00 m)ECH18-036 - 5.39 g/t Au over 7.50 m (including 10.44 g/t Au over 2.50 m)ECH18-035 - 4.25 g/t Au over 2.00 m Joseph Campbell, Executive Chairman of TerraX, stated: \"These initial sample results from our summer program on both our Northbelt and Eastbelt properties were taken from easily accessible areas. The Ptarmigan sampling is literally beside a paved road illustrating the excellent infrastructure of the land package for both exploration and eventual development. Further, the newly identified gold zones at Gull Lake and Rater Lake are proximal to the Crestaurum road. These veins look to be a continuation of prolific mineralized zones mined in the past at the high grade Giant Mine immediately to the south. The channels from...