1 February 2018
Vancouver, B.C. – TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) is pleased to report channel sample results from the Sam Otto South zone on Screamer Island. Sam Otto South is up to 3.5 km south and along trend from the main Sam Otto and extends the potential strike length of that target area to over 5 km. Channel sample results confirm the extension of the Sam Otto zone 1.5 kilometers south of the currently drilled Sam Otto main zone (see map here).
Joe Campbell, the Chief Executive Officer of TerraX, states: "The channel results reported here, coupled with drilling at the Sam Otto main zone, confirm a consistent 100-meter-wide gold zone, over a strike length of 2.2 kilometers. The drilled and channel sampled areas are themselves contained within a larger area indicated by surface sampling and geophysics, showing the potential for five kilometers of strike length. TerraX expects the planned 2018 drill programs on this new strike extension to greatly increase the overall strike and depth of the currently modelled mineralized zone at Sam Otto.”
The widest channel sampling area is located 1.2 kilometers south of TerraX’s drilling on the Sam Otto main zone and assayed 17.50 m @ 0.80 g/t Au, including 11.0 m @ 1.09 g/t Au. Importantly, this channel ended in good mineralization with 3.40 m @ 1.31 g/t Au before the outcrop was covered by overburden and vegetation. Other results included surface outcrops a further 350 meters south with channel samples of 2.7 m @ 0.97 g/t Au and 2.00 m @ 0.81 g/t Au. Both ends of the exposed outcrop ended in gram level gold assays. Together, the separate channels covered at least 100 meters width across strike, which is comparable to the width and grade of the Sam Otto Main zone.
Channel assays reported today total 202 samples with gold grades ranging from nil to 4.64 g/t Au. Channel samples are considered representative of the zones that have been sampled.
Sampling included insertion of certified standards and blanks into the stream of samples for chemical analysis. Samples were prepared at ALS Chemex's laboratory in Yellowknife and shipped to their Vancouver facility for gold analysis by fire assay and other elements by ICP analysis. ALS is a certified and accredited laboratory service. 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."