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TerraX samples 48.8 g/t Au and 1.990 g/t Ag in quartz vein at Forty Creek showing on Stewart Property in Newfoundland; multi-element soil anomaly over Stewart porphyry system extended 200 m to the southwest
TSX-V: TXR Frankfurt: TX0 VANCOUVER, Oct. 24, 2012 /CNW/ - TerraX Minerals Inc. (TSX....
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"\n\n\n\n\n\nTSX-V: TXR\nFrankfurt: TX0\n\n\nVANCOUVER, Oct. 24, 2012 /CNW/ - TerraX Minerals Inc. (TSX.V: TXR) (Frankfurt: TX0) has received the assay results from a multi-disciplinary field program\n completed this summer at its wholly-owned Stewart gold-copper property\n in Newfoundland. The Stewart property features a large (6 km x 1.4 km)\n porphyry style alteration zone defined by surface mapping and Titan IP\n surveying, as well as epithermal mineralization identified by sampling\n at the Forty Creek showing, 2 km to the northeast of the alteration\n zone, which returned grab samples up to 59 g/t Au and 2,290 g/t Ag (reported December 10, 2010). This summer, additional grab sampling of\n quartz veins at Forty Creek returned values of 48.8 g/t Ag and 1,990 g/t Ag. In addition, soil sampling at the Stewart porphyry target 5 km to the\n southwest of Forty Creek extended the multielement soil anomaly\n (Au-Cu-Mo) 200 m to the southwest, at which point it is covered by a\n lake known as the Camp Pond.\n\n\nForty Creek Showing\n\n\nMechanical stripping/trenching completed on the Forty Creek high grade\n epithermal system this summer conclusively confirms that the original\n high grade angular boulders discovered in 2010 are virtually in place,\n with the trenches exposing in-situ, sub-parallel quartz veins similar\n in appearance to the boulders. As well, numerous other angular boulders\n of mineralized quartz were noted in the vicinity. It is now thought\n that a series of en echelon quartz veins is present at Forty Creek.\n Forty-two representative samples of angular boulders were collected;\n three of these samples ran more than 1 g/t Au, with a high of 48.8 g/t Au and 1,990 g/t Ag within 30 m of the subcrop sample of 59 g/t Au and 2,290 g/t Ag\n reported in 2010. Forty-five channel samples were collected from\n mechanically stripped outcrop approximately 50 meters east of the high\n grade trenches with the highest assay being 1 m @ 0.2 g/t Au.\n\n\nThis 2012 fieldwork has validated TerraX's original interest in the\n Forty Creek epithermal area, which is now known to contain a number of\n variably mineralized en echelon quartz veins, with locally high grade\n gold and silver mineralization that will be a priority target of our\n next drill program at Stewart. A map showing sample locations at Forty\n Creek is available on ou...