167 grams per tonne ("g/t") Au (reported July 8th, 2009). This lineament is subparallel to and potentially along strike with the nearby Hammond Reef deposit of Brett Resources Inc. (TSX-V: BBR). Induced Polarization ("IP") surveys will commence shortly on all three of TerraX's Atikokan properties in preparation for drilling mid-year.
The Blackfly property consists of five claims totaling 64 claim units (~10.1 km2), situated 15 km southwest of Brett Resources' Hammond Reef property, which contains a National Instrument 43-101 compliant inferred resource of 259.4 Mt @ 0.8 g/t Au (approximately 6.7 million ounces of gold). The Brett Resources technical report is available at www.sedar.com. The property occurs in the Archean Marmion Batholith, which contains a number of phases, varying from tonalite to quartz diorite. The geology and known mineralization of Blackfly is very similar to the Hammond Reef property.
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TerraX Minerals Inc. has received the final results from a total of 276 samples collected on its Blackfly gold property in Northwest Ontario during the spring and fall 2009. The sampling has defined a northeast-striking, mineralized lineament with intermittent alteration and mineralization noted over a strike length of 4.4 km on the property. The highest assay from the lineament was