11 January 2017
January, 11, 2017 - Vancouver, B.C. - TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to announce assay results from the remaining 23 holes (6,422.6 meters) from the 2016, drill program at multiple zones on the Yellowknife City Gold Project ("YCG"), immediately north of Yellowknife in the Northwest Territories. Holes reported today are focused on the exploration drilling in the Sam Otto area (14 holes), but also reports three holes each on the Mispickel zone and Walsh Lake reconnaissance north of Mispickel.
Joseph Campbell, the CEO of TerraX, stated "TerraX has envisaged the Sam Otto area as a potential bulk tonnage target that could take advantage of the excellent infrastructure in the Yellowknife area and supplement the potential mine development of our previously reported high grade gold zones. These drill results certainly confirm the bulk tonnage potential with the Main/Hanging Wall Zones, extending gold mineralization for at least 350 meters of strike and 250 meters of depth, with 30-50 meter wide zones of greater than 1 g/t Au. These zones remain open in all directions. Additionally, the higher grade multi-gram intersections reported here are indicating that the area may also host classic high grade lode gold targets common to Archean gold systems in Canada. This large mineralizing system will be tested along strike, dip and plunge directions when drilling resumes in January 2017."