TerraX drills 49.70 m @ 1.00 g/t Au and 30.70 m @ 1.33 g/t Au at Sam Otto Target, Yellowknife City Gold

13 April 2016

Apr 13, 2016
Vancouver, B.C. -- TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) has received assay results from a nine hole drill program testing quartz vein and replacement style mineralization at the Sam Otto target on its Walsh Lake property of the Yellowknife City Gold Project ("YCG"), immediately north of Yellowknife in the Northwest Territories. This zone had not previously been tested by TerraX, but had sporadic drilling reported from the 1980s and 1990s. The drill holes reported today were drilled over 100 meters of strike length on two zones (Sam Otto West and Sam Otto East) and confirm that Sam Otto is a big mineralized system. All drill holes intersected wide, pervasive and persistent zones of mineralization, including: