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Providing coverage of Alaska and Northwest Canada's mineral industry
February 2016

Vol. 21, No. 6 Week of February 07, 2016

Mining News: Northern Neighbors: Winter drilling gets underway at Yellowknife

TerraX Minerals Inc. Feb. 2 reported the start of a 6,500-meter winter drill program at its Yellowknife City Gold project in the Northwest Territories. Drilling is underway on the Mispickel target on the Walsh Lake property, a sulfide replacement-quartz vein target that has never been drilled. TerraX developed Mispickel by sampling historical trenches running across strike of this sulphide-quartz vein zone. Highlights from the work include six meters averaging 7.29 grams per metric ton gold. TerraX’s winter drill campaign will test multiple gold targets, including five targets in the “core gold area” of the property, which includes the Barney Shear and the recently discovered Hebert-Brent Zone; three new areas of high-grade gold veins identified during field exploration last summer; and two sulfide replacement-quartz vein targets on the Walsh Lake property of the YCG; Mispickel and the Sam Otto zone 1,500 meters southwest of Mispickel.

- Shane Lasley






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