SAN FRANCISCO, Sept. 25, 2018 (GLOBE NEWSWIRE) -- TerraX Minerals Inc. (TXR:TSX.V) has released further assay results from the company's summer field program on the Yellowknife City gold project, reporting that new targets in mafic volcanic geology returned assays as high as 171.0 grams per ton (g/t) gold.
Company mentioned: TerraX Minerals Inc.
On the Rater Lake zones the assays returned 171 g/t Au, 5.60 g/t Au, 5.29 g/t Au and 4.49 g/t Au, and on the Gull Lake zone, 72.0 g/t Au, 52.5 g/t Au, 29.0 g/t Au and 12.95 g/t Au.
"The results of our summer fieldwork continue to feed our pipeline of drill targets," stated David Suda, TerraX's president and CEO. "It is highly encouraging to see surface results which extend potential strike to the Giant mine structure."
The company also announced that Altamira Gold Corp. has signed a binding agreement with TerraX for the sale of Altamira's 100% interest in the Tom and Sickle claims located in the Northwest Territories of Northern Canada.
TerraX is on the radar screen of some industry observers. Gwen Preston, writing in Resource Maven on Sept. 19, noted, "The work TerraX is doing at the YCGP [Yellowknife City Gold Project] is continuing to outline significant targets for future drilling. It will take a while for this story to fully evolve, but the scale of the property and the potential overlooked by past operators make TerraX a story we'll want to hold onto into the next exploration season."
Continue reading this article: Explorer Expands Giant/Con Gold System and Purchases Adjacent Properties
About Streetwise Reports
Streetwise Reports shares investment ideas in many sectors. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
DISCLOSURE:
The following companies mentioned in this article are billboard sponsors of Streetwise Reports: TerraX Minerals. Click here for important disclosures about sponsor fees. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of TerraX Minerals, a company mentioned in this article.
The full disclosure is provided at the end of the published article: Explorer Expands Giant/Con Gold System and Purchases Adjacent Properties