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Providing coverage of Alaska and Northwest Canada's mineral industry
November 2015

Vol. 20, No. 48 Week of November 29, 2015

Mining News: Northern Neighbors: Drilling clarifies zones at Yellowknife Gold

TerraX Minerals Inc. Nov. 18 provided results from an initial six holes (953 meters) testing near-surface replacement style mineralization in the Hebert-Brent Shear area of its Yellowknife City Gold Project, Northwest Territories. Highlights include: 10.36 meters of 3.61 grams per metric ton gold from a depth of 6.14 meter in hole TNB15-024; and 6.7 meters of 2.7 g/t gold from a depth of 11.5 meters in hole TNB15-025. Drilling of the Hebert-Brent Shear followed up on channel sampling at surface that included 11 meters of 7.55 g/t gold at the original Hebert-Brent zone; 17.86 meters of 2.21 g/t gold at the Hebert-Brent East zone; six meters of 10.26 g/t gold at the Hebert-Brent South zone; and four meters of 13.89 g/t gold at the Brent zone. Surface work indicated steeply dipping, northeasterly plunging zones of mineralization. The drill results and surface mapping, however, reveal that the mineralization plunges shallowly to the south. This new interpretation also shows that the mineralization in the H-B, Brent, and H-B East is the same zone of mineralization. Holes TNB15-024 and TNB15-025 at the H-B zone and TNB15-028 at the H-B East successfully intersected the targeted mineralization, albeit at different down-hole distances than anticipated. Holes TNB15-026 and 027 failed to intersect the zone as they were well below the actual plunge direction. TerraX said the shallow plunge directions on the zones make it ideal for follow-up drilling with short holes, which will be undertaken during a winter program in early 2016. Assay results for 42 holes drilled at Crestaurum this summer are pending.

- Shane Lasley






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