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September 11, 2014 --- Vol. 08, No. 37September 2014

Northwest Territories

GOLD – TerraX Minerals Inc. Sept. 8 said it has received all surface sampling results from the summer prospecting and mapping program on its Yellowknife City Gold project, Northwest Territories. Combined with 2013 results, the company said the 718 grab, chip and channel samples collected during this summer’s surface work has led to the generation of more than ten additional discoveries which could be quickly made ‘drill ready’ in the short term. Several of the new high grade targets are oblique or high angle veins that occur near the main Crestaurum and Barney structures and they could be indicative of gold bearing vein sets common to large mineralized systems. At least four new targets were identified in the Crestaurum area. Three grab samples were taken from a 20-centimeter-wide, northwest trending quartz vein situated 250 meters northwest of the Crestaurum structure. These samples taken from this vein returned assays of 24.7, 157.5 and 878 grams per metric ton gold. This vein could intersect the Crestaurum structure at a high angle. The newly identified Milner SW structure, located 250 meters northeast of the known extent of the Crestaurum structure, was sampled over a strike length of 75 meters. This structure could be an extension of, or a splay off, the main Crestaurum structure. Nine samples were collected, with seven grab samples returning results ranging from 1.05 to 712 g/t gold. Visible gold is apparent in the higher grade samples. Two of the samples were chip samples over one-meter intervals; these assayed 11.65 and 33.1 g/t gold. A grab sample taken from quartz stringers potentially on the southwest extension of the Crestaurum structure 230 meters southwest of the main trenches ran 40.2 g/t gold. Four grab samples from a north-northwest trending, 15-centimeter-wide quartz vein southeast of the Crestaurum structure assayed between 6.69 and 27.1 g/t gold. Minor visible gold was noted in this vein, which outcrops over a strike length of 30 meters. This vein could be a splay off the Crestaurum structure or a new vein intersecting it at a low angle. In the Barney area, a two-meter-wide shear zone trending north-northwest was discovered halfway between Crestaurum and the Barney Zone in the Milner Lake area. A grab sample from this zone assayed 44.3 g/t gold. A quartz vein-shear zone on the east edge of Milner Lake was channel sampled in three locations – the best result was 1.4 meters grading 2.03 g/t gold. This vein is interpreted as the possible surface expression of the Barney Zone, where TerraX recently drilled 22.42 meters grading 6.35 g/t gold.


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