MINING NEWS: NORTHERN NEIGHBORS: TerraX drills another potentially large gold target at Yellowknife

TerraX Minerals Inc. April 13 released results from nine holes drilled at the Sam Otto gold target on the Walsh Lake property of its Yellowknife City Gold Project in the Northwest Territories. This zone had not previously been tested by TerraX, but had sporadic drilling reported from the 1980s and 1990s. TerraX said the holes drilled at Sam Otto cut wide, pervasive and persistent zones of mineralization. Highlights from this drilling include: 49.7 meters of 1.00 grams per metric ton gold in hole TWL16-011; 30.7 meters of 1.33 g/t gold in hole TWL16-013; and 40.85 meters of 1.03 g/t gold in hole TWL16-012. These were the northernmost holes of the 1,510-meter program and showed the strongest mineralization in the Sam Otto West Zone. TerraX said it does not know of any historical drilling for at least 500 meters of strike north of holes TWL16-012 and 013. Overall the Sam Otto drilling results indicate a large mineralizing system that TerraX believes has the potential to host large high grade zones along a gold trend that has been identified by trenching, mapping, historical drilling and geophysics for at least 1,500 meters of strike length. Following the Sam Otto drilling, TerraX drilled six holes totaling 1,146 meters at Homer Lake, a target on the Northbelt property that is prospective for lead and zinc as well as high grade silver and gold target. The 2016 winter drill program at the Yellowknife City Gold Project was completed on March 30 with 7,310 meters having been drilled. - SHANE LASLEY