News Releases
The proceeds of this private placement will be used to finance drilling planned for early 2014 on TerraX's wholly-owned Northbelt gold property, immediately north of Yellowknife in the Northwest Territories.
The Northbelt gold property encompasses 3,562 hectares on the prolific Yellowknife belt, 15 km north of the city of Yellowknife, and covers 13 km of strike on the northern extension of the geology that contained the Giant (7.6 Moz) and Con (5.5 Moz) gold mines. The Northbelt property is host to multiple shears that are the recognized hosts for gold deposits in the Yellowknife camp and it contains innumerable gold showings.
On behalf of the Board of Directors
"JOSEPH CAMPBELL"
Joseph Campbell
President
Contact: Paradox Public Relations