Mining News: Northern Neighbors: Drills cut more gold at Yellowknife

TerraX Minerals Inc. March 11 reported results from three holes drilled during the ongoing 2015 winter drill program at the Yellowknife City Gold project in Northwest Territories. All three holes hit the mineralized shear at the South Shoot of the Crestaurum Zone where expected, confirming structure, with various amounts of quartz veining and visible gold noted in two of the three holes. Highlights included: eight meters averaging 6.83 grams per metric ton gold in hole TCR15-005, and 15.50 meters averaging 2.89 g/t gold in hole TCR15-006. The third hole, TCR15-004, was drilled on section with TNB 14-011, a 2014 hole that returned 10.02 meters averaging 4.17 g/t gold. TCR15-004 cut 8.02 meters averaging 0.67 g/t gold. TerraX said a second rig is now drilling at the Barney Zone, and the first rig continuing to drill at Crestaurum. As of March 11, 27 holes had been completed at Crestaurum and two holes completed at Barney. Winter drilling isscheduled to continue into early April.

- Shane Lasley