In a July 12 press release, Canadian explorer TerraX Minerals Inc. (TXR:TSX.V) reported assay results from summer field programs on several zones in its Yellowknife City gold project.
The first set of results is from samples taken from the Gull Lake and Rater Lake zones. "The highlight assays are 43.7 g/t Au, 28.0 g/t Au, and 19.05 g/t Au on the Gull Lake Zone with several additional assays in the 1 to 5 g/t Au range on both zones," the company reported. "These gold zones are interpreted as being the continuation of the Giant Mine gold structure, warranting immediate further work along these structural trends."
Channel sampling at the past-producing Ptarmigan mine, acquired by TerraX earlier in 2018, included "assay results for gold range up to 226 g/t Au and 126 g/t Ag in 0.50 m channel samples from Channel ECH18-037," according to the release. Results from other assays included:
• ECH18-037 - 24.75 g/t Au over 5.50 m (including 44.82 g/t Au over 3.00 m);
• ECH18-036 - 5.39 g/t Au over 7.50 m (including 10.44 g/t Au over 2.50 m);
• ECH18-035 - 4.25 g/t Au over 2.00 m.
The company's executive chairman, Joseph Campbell, noted that the samples "on both our Northbelt and Eastbelt properties were taken from easily accessible areas," alongside or proximal to roadways.
"The channels from the Ptarmigan area have grades very much in line with its historical high grade production and our initial work at both these areas confirms continuity within these large mineralizing systems. We are continuing to work in these areas and additional results are pending," Campbell commented.
TerraX's Yellowknife City gold project is located within the historically productive Yellowknife gold district in Canada's Northwest Territories.
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