Business
TerraX Recovers 16,000 meters of Historical Core
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - TerraX Minerals Inc. (TSX...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"TerraX Recovers 16,000 meters of Historical CoreVancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce that in cooperation with The Geological Survey of the NWT and The Giant Mine Remediation Project, TerraX was able to recover 16,000 meters of historical drill core. In a preliminary review of the core TerraX geologists have identified visible gold Core Photo 1 and are currently logging and splitting the favorable sections of core for assaying.David Suda, President and CEO stated: \"Acquiring core with visible gold provides an exciting and unexpected jumpstart to the advancement of key targets that will provide investors an early look at assay results in the first half of 2019. We have effectively gained a full season of drilling for a fraction of the normal cost.\"Mr. Suda further stated \"The core is from 3 of 4 identified targets that TerraX plans to drill next, although highly encouraging the strongest or largest targets still remain to be tested in our next drill program\"The core material is from holes drilled on TerraX property Figure 1 Historical drill logs related to the recovered core indicate that several holes showed significant gold intersections. Core Photo 2 The logging and re-sampling of this core to confirm historical reports is a top priority for TerraX Q1 of 2019. Since the acquisition, TerraX has identified core from holes drilled on the northern extension of the Giant mine gold structure which sits on TerraX land. These holes are significant to the development of high priority exploration targets Figure 2.TerraX will continue to sort, log and resample core to strategically identify the best core for assay in winter 2019. The technical information contained in this news release has been approved by Joseph Campbell, Executive Chairman 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 Yellowknif...