TerraX Minerals is focused on the Yellowknife City Gold Project (“YCG”), which encompasses 118 km2 of contiguous land “in the shadow of the head frame”, immediately north and south of Yellowknife, the capital of the Northwest Territories in Canada. Through a series of acquisitions, TerraX now controls one of the six major high-grade gold camps in Canada. Being all-season road accessible and within 15 km of Yellowknife, the YCG is close to vital infrastructure, including transportation, service providers, hydro-electric power and skilled trades people.
The project lies on the prolific Yellowknife greenstone belt, covering 23 km of strike length on the northern and southern extensions of the shear system that hosts the past producing high-grade Con (6.1 Moz @ 16.1 g/t Au) and Giant (8.1 Moz @ 16.0 g/t Au) gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold camp, with innumerable gold showings and recent high grade drill results that serve to indicate the project’s potential as a world-class gold district.
Having raised over $6 Million in June 2015 and a further $3.2 Million in May 2016, TerraX is fully funded for exploration at YCG through 2017. Exploration success in 2015 included the discovery at surface of new zones of replacement style mineralization, evidenced by channel samples of 11.0 m @ 7.55 g/t Au and 6.0 m @ 10.26 g/t Au across strike at the Hebert-Brent zone. A 7,310 meter winter drill program was completed in March 2016 with initial results that included 7.30 m @ 23.60 g/t Au near surface at the Mispickel discovery. Further assay results are pending.
2014 Exploration Highlights
2015 Exploration Highlights