Mining News: Northern Neighbors: TerraX cuts more VG at Yellowknife

TerraX Minerals Inc. Feb. 23 reported assay results from the first two of four holes targeting quartz vein and replacement style mineralization at the Mispickel target of its Yellowknife City gold project, immediately north of the capital of Northwest Territories. Drilling at Mispickel totaled 384 meters in four holes on two parallel sections roughly 50 meters apart. TerraX reported that all four holes cut multiple zones of sulfide mineralized veins and replacement style sulfide mineralization, and three had visible gold. Hole TWL16-001 cut 8.6 meters of 12.87 grams per metric ton gold in the main zone at Mispickel and 11.32 meters of 2.14 g/t gold in the footwall of the zone. Hole TWL16-002 cut 7.3 meters of 23.6 g/t gold in the main zone. Following the drilling at Mispickel, which is situated in the Walsh property of the larger Yellowknife project, TerraX mobilized two drills to its Sam Otto target, 1,500 meters to the southwest on the Walsh Lake property. This drilling is now complete with 1,501 meters drilled in nine holes. The drills have been moved to the Homer Lake target on the Northbelt property of the Yellowknife project.

- Shane Lasley