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By Shane Lasley
Mining News 

TerraX traces Giant gold north onto YCGP

Mining Explorers 2019 – Published Nov. 1, 2019


Last updated 8/14/2020 at 9:28am

TerraX Minerals Inc.

Sampling of core from historical drilling confirms that the same structure that provided ore for the Giant gold mine at Yellowknife extends onto TerraX' property north of the Northwest Territories capital city.

TerraX Minerals Inc. got off to an early start on 2019 exploration at its Yellowknife City Gold Project (YCGP), thanks to the ability to resample historical core drilled there.

Working with The Geological Survey of the Northwest Territories and The Giant Mine Remediation Project, TerraX was able to recover 16,000 meters of core from drilling on Northbelt, one of the properties that make up YGCP.

In a preliminary review of the core, TerraX geologists identified visible gold and began logging and splitting favorable sections for assaying.

"Acquiring core with visible gold provides an exciting and unexpected jumpstart to the advancement of key targets that will provide investors an early look at assay results in the first half of 2019," said TerraX Minerals President and CEO David Suda. "We have effectively gained a full season of drilling for a fraction of the normal cost."

TerraX identified core from several holes drilled on Northbelt that encountered the northern extension of the gold structure that hosts the historic Giant gold mine. These holes were significant to the development of priority targets for 2019 drilling.

The Vancouver, British Columbia-based exploration company flagged three areas of Northbelt – Sam Otto South, Barney Deformation Corridor (BDC) and Crestaurum, – as priority targets for deposit expansion and confirmation drilling in 2019.

Sam Otto, a prospective bulk tonnage target east of BDC where past exploration has outlined 2,500 meters of continuous gold mineralization, was the target of a 3,500-meter initial phase of drilling that got underway in July.

Previous drilling at Sam Otto has cut 49.7 meters averaging one gram of gold per metric ton, 32.13 meters of 1.24 g/t gold, 30.75 meters of 1.29 g/t gold, and 27.7 meters of 1.64 g/t gold.

TerraX' phase-1 2019 drill program targeted Sam Otto South, a roughly 3,500-meter-long gold-bearing southern extension of Sam Otto that was identified with surface sampling, mapping and geophysics.

One previous hole drilled along this corridor, about 1,200 meters south of the main Sam Otto mineralization, cut 27.16 meters averaging 2.16 g/t gold.

"The opportunity at Sam Otto South is the potential to increase the overall strike by a factor of four and to delineate higher grade structures previously unseen at this target. Positive results could represent a material step change in our ability to deliver a significant resource," said Suda.

TerraX said all of the holes of its 1,200 phase-1 drilling at Sam Otto South cut the targeted shear zones along 1,000 meters of strike extension.

A second phase of 2019 summer drilling, which got underway in August, further tested the Barney Deformation Corridor (BDC) high-grade Crestaurum deposit.

Based on the geological evidence, BDC is an 8,000-meter-long extension of the gold system mined at Giant, a historic operation on the outskirts of Yellowknife and just south of the Northbelt property.

Rock samples collected from the surface of BDC have returned abundant high-grade gold, including one sample with 44.8 g/t gold.

After analyzing the historical and 2018 surface exploration data, TerraX selected Berry Hill zone as a target of 900 meters of phase-2 2019 drilling. Berry Hill is at the north end of BDC.

"This part of our summer program at Berry Hill is an early look at the potential to define gold structures trending at least eight kilometers (five miles) onto TerraX property from the North Giant extension (NGX)," said Suda. "We are working to define the continuation of a trend that produced over 8M ounces of high-grade gold in the past."

After Berry Hill, the company began a second phase of drilling at Crestaurum, a zone adjacent to BDC where drilling in 2013 cut five meters averaging 62.9 g/t gold.

TerraX also plans to complete addition drilling this year at Sam Otto South. This follow-up program is expected to include aggressive step out holes intended to extend this zone another 2,000 meters to the south.

Author Bio

Shane Lasley, Publisher

Over his more than 11 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

Email: [email protected]
Phone: (907) 726-1095


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