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TerraX Minerals Inc ( TSXV: TXR )

TerraX Drills 22.42 m @ 6.35 g/t Au, Inclusive of 5.16 m @ 18.40 g/t Au, at Barney Shear Zone, Yellowknife City Gold Project

YELLOWKNIFE, NORTHWEST TERRITORIES--(Aug 25, 2014) - TerraX Minerals Inc. (TSX VENTURE:TXR)(TX0.F)(TRXXF) has received assay results from the first five of the 14 holes drilled this summer on the Northbelt Property, Yellowknife City Gold Project ("YCGP"). These five holes (1,172 m) were drilled at the Barney Shear target, up dip of mineralized zones intersected in 1995/96 drill programs conducted by Nebex Resources Ltd. and reported by TerraX on August 14 and November 14, 2013. This drilling intercepted and extended the previously reported mineralized zones up dip; highlights include:

  • 22.42 m @ 6.35 g/t Au, inclusive of 5.16 m @ 18.40 g/t Au, in hole NB95-16W1 and
  • 45.71 m @ 1.56 g/t Au, inclusive of 15.73 m @ 3.73 g/t Au, in hole NB96-16W3

Drilling at the Barney Zone was designed to test the interpreted up dip extension of the historically drilled mineralization by wedging off 1995 and 1996 drill holes that had been left with casing intact and capped collars to allow testing of strike/dip extension of the zone by re-entry of the original drill hole. The 1995/96 drill holes were originally reported by TerraX following sampling of recovered historical core (20.86 m @ 3.79 g/t Au, including 4.00 m @ 12.34 g/t Au in hole NB95-16 reported August 14, 2013 and 1.90 g/t Au over 27.00 m, including 8.97 g/t Au over 2.70 m in hole NB96-04 reported November 14, 2013).

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