26 October 2018
TerraX Minerals Inc. is pleased to announce further assay results from the Company’s 2018 summer field program on the Yellowknife City Gold (YCG) project. A total of 262 samples were taken on the company’s Northbelt target which represents the possible extension of Con-Giant trend and constitutes the core focus area. David Suda, President and CEO stated: “There is considerable high-grade gold endowment within several of our identified targets. The goal at YCG is to find the source of the high-grade on surface which we believe trends from the nearby Con and Giant mines and exists within other targets in the district. The work we did this summer is giving us considerable resolution in our targeting and will be summarized this fall prior to 2019 exploration plans.” Preliminary surface exploration in the northwestern extension of the geology recognized to contain the extension of the Con-Giant gold system has yielded positive results. This area contains multiple sub-parallel gold structures, including the Oro Shear, recognized from exploration dating back to the 1930s. TerraX carried out mapping and prospecting along these gold bearing structures, including grab rock samples.