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New Yellowknife drill targets identified

 

Last updated 9/13/2015 at Noon



TerraX Minerals Inc. Sept. 8 said channel sampling has identified new zones of gold mineralization at the Hebert-Brent Shear of its Yellowknife City Gold project in the Northwest Territories.

Assays from cut channel sampling across the strike of two zones returned: six meters averaging 10.26 g/t gold across Hebert-Brent South; and 15.3 meters averaging 2.23 g/t gold across Hebert-Brent East.

TerraX said these results indicate high grade zones of mineralization across a sheared area about 80 meters wide in the Hebert-Brent Shear area which is 1,000 meters south and on strike with the Barney Zone drilled in 2014, all within the newly mapped deformation zone called the Barney Deformation Corridor.

TerraX President Joe Campbell said, "These high-grade sampling results give added confirmation of the gold endowment in the recently discovered Hebert-Brent Shear area.

Despite 75 years of exploration on the YCG property, this outstanding area of gold mineralization went undiscovered, with no previous surface workings or drilling prior to TerraX's work in 2014 and 2015." The trench on the Hebert-Brent South zone is located approximately 75 meters south of the original channel samples, which returned 11 meters averaging 7.55 g/ gold, reported earlier this year.

TerraX said Hebert-Brent South is potentially the strike extension of the original Hebert-Brent zone, or is a closely parallel zone.

The Hebert-Brent East zone is interpreted as a new mineralized structure parallel to the Hebert-Brent zone.

Cursory examination of the area between the Hebert-Brent and Hebert-Brent East Zones suggests significant additional mineralization.

This area will be subjected to further detailed exploration work.

A program of more extensive stripping and channel sampling to further expose the dimensions of the reported channel sampled areas of Hebert-Brent is underway.

Results from this work will assist in the planning of a first phase drilling program in the Hebert-Brent Shear area.

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