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TerraX Receives Land Use Permit from Mackenzie Valley Land and Water Board for Drilling Programs on Its Entire 783km2 Yellowknife City Gold Property
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2019) -  TerraX Minerals Inc...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"TerraX Receives Land Use Permit from Mackenzie Valley Land and Water Board for Drilling Programs on Its Entire 783km2 Yellowknife City Gold PropertyVancouver, British Columbia--(Newsfile Corp. - February 27, 2019) -  TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce that a Land Use Permit (LUP) has been issued by the Mackenzie Valley Land and Water Board (MVLWB) approving TerraX's exploration plan on all the land holdings of its Yellowknife City Gold (YCG) property. The new LUP replaces two smaller LUPs and provides for water usage required in exploration drilling. The new permit is effective until January 2024, extendible to 2026, and covers all of TerraX's claims and leases, providing complete flexibility in planning and carrying out long term exploration plans on the entire 70 kilometer length of the YCG property. President and CEO David Suda stated: \"This new land use permit is much better than the two previous permits that TerraX has worked under as it allows the company to drill anywhere on its 783 square kilometer property. We are also looking forward to results from the historical core assays from 5 holes ahead of our refined 2019 drill targeting which we will complete and announce in the coming weeks.\"In anticipation of the summer drill season, TerraX is formulating a drill plan to be carried out under the new LUP. Historical core recovered by TerraX (press release Jan 14, 2019) has recently been catalogued and a select portion of the core has been logged and sampled. Information from this program will help inform final drill plans for the summer of 2019. Under the LUP permit conditions, TerraX is capable of drilling up to 20,000 meters of core during the summer/fall season. The technical information contained in this news release has been approved by Joseph Campbell, the Chief Executive Officer of TerraX, who is a Qualified Person as defined in \"National Instrument 43-101, Standards of Disclosure for Mineral Projects.\"About the Yellowknife City Gold ProjectThe Yellowknife City Gold (\"YCG\") project encompasses 783 sq km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX controls one of the six major high-grade gold camps in Canada. Being within 10 km of the City of Yellowknife...