TerraX Minerals Inc. (TXR:TSX.V) recovered 16,000 meters of historical core from holes drilled on its Yellowknife City property, which reveal visible gold, it announced in a news release. Past drill logs for this core note that "several holes showed significant gold intersections."
"Acquiring core with visible gold provides an exciting and unexpected jumpstart to the advancement of key targets that will provide investors an early look at assay results in H1/19," President and CEO David Suda said in the release. "We have effectively gained a full season of drilling for a fraction of the normal cost." The historical core happens to have been taken from three of the four spots TerraX has identified as its next drill targets.
TerraX now is sorting, logging and splitting the core for assaying. The goal is to test, and hopefully confirm, the validity of the historical reports.[NLINSERT]
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