8 May 2019
TerraX Minerals Inc. is pleased to provide a corporate update and further information about its proposed 2019 exploration plans on its Yellowknife City Gold (YCG) Project.
David Suda, President and CEO, stated: "We would like to thank our shareholders for their commitment and patience over the past 12 months. The company has gone through significant changes and achieved several key milestones (figure A). This work has brought us to a major inflection point in the company's history and has put TerraX on the verge of what could be a very significant discovery. We look forward to announcing more details regarding phase 1 of our exploration plans in the coming weeks."
Summer Drilling Top Targets
In early 2019, TerraX identified 4 top priority targets. Comprehensive review of the targets including the use of historical data and 2019 assays of historical core, has led to a focus on deposit expansion at Crestaurum and Sam Otto, as well as the advancement of targeting on the North Giant Extension within the Barney Deformation Corridor.