Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Gold Miner Reports Assay Results from Yellowknife Summer Program
News Update

Share on Stocktwits


Results confirm Yellowknife potential as district scale camp.

TerraX Minerals Core Shack

TerraX Minerals Inc. (TXR:TSX.V) recently announced more assay results from the company's summer field program on the Yellowknife City Gold project, which is ongoing.

"The summer program continues to yield results that confirm the potential of the Yellowknife City Gold Project as a district scale camp. Surface results, magnetic imaging, and geochemistry data will provide a roadmap to future drilling on our most prospective targets. The Northbelt remains our core area of focus but we are systematically sampling 10km away on the Eastbelt with encouraging results," said David Suda, president and CEO of TerraX.

Continued channel sampling and prospecting assay results are from the area near the past-producing Ptarmigan Mine on Eastbelt. Detailed mapping and prospecting extends the Ptarmigan zone 400 meters northwest of previously reported channel sampling with a 19.00 g/t gold grab sample along the Ptarmigan trend.

Channel sample results were cut from outcrop southeast of previously reported channels (24.75 g/t Au over 5.50m including 44.82 g/t Au over 3.00m reported on July 12, 2018) along the Ptarmigan vein trend and sampling across the gold mineralized structures.

"The high grade channels from the Ptarmigan area continue to impress, and the extension of the zone through prospecting 400 meters to the northwest greatly expands the target area for developing potential mineral resources," said Joseph Campbell, executive chairman of TerraX.

Mineralized intervals for the sampled areas (ECH18-034, 038, 039 and ECH18-041) include:

  • ECH18-034 - 4.76 g/t Au over 2.00m
  • ECH18-038 - 6.60 g/t Au over 2.10m
  • ECH18-039 - 53.85 g/t Au over 1.80m
  • ECH18-041 - 18.13 g/t Au over 3.10m

Due west of the Ptarmigan Mine, an additional grab sample was collected from a gossanous quartz vein 2.7 kilometers, and assayed 5.17 g/t Au.

Assays reported total 313 samples with gold grades ranging from nil to 124 g/t Au, and including 138 channel samples.


1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: TerraX Minerals. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe