Mining News: TerraX discovers new gold target

TerraX Minerals Inc. Sep. 26 reported that its 2017 property-wide exploration program at its Yellowknife City Gold Project has discovered a new zone of high-grade gold mineralization a the Screamer Island target. Representative rock samples from wide zones of outcropping mineralization at Screamer Island, returned 27.9 grams per metric ton gold, 4.46 g/t gold, 4.15 g/t gold and 3.95 g/t gold. TerraX said the discovery at Screamer Island more than quadruples the strike length of the Sam Otto target, which lies about 3,500 meters to the north. "These results support our belief that Sam Otto is a large mineralized system which now extends over 5 kilometers (5,000 meters) with the potential for much higher grade,” said TerraX CEO Joe Campbell. TerraX will be following up with channel sampling and enhanced ground geophysics analysis, which is expected to be completed this year. Surface exploration on the Yellowknife City Gold project this summer has collected more than 5,500 samples, assay results are pending from more than 4,800 samples.

–SHANE LASLEY