This area has never been drilled before, TerraX having developed the Mispickel target during exploration in 2013 with chip sampling of historical trenches across strike at the sulphide-quartz vein zone returning 6.0 m @ 7.29 g/t Au (News release of October 30, 2013).
This winter drill campaign will total approximately 6,500 m of drilling on multiple gold targets, including five targets in the 5 km by 3 km "Core Gold Area", which includes the Barney Shear and the recently discovered Hebert-Brent Zone, as well as three new areas of high grade gold veins identified during field exploration in the summer of 2015.
In addition, drilling will take place at two sulphide replacement-quartz vein targets on the Walsh Lake property of the YCG, the Mispickel target described above and the Sam Otto Zone 1.5 km to the southwest of Mispickel. A map showing the location of the Mispickel and Sam Otto target areas on the YCG is available on our web site under "2016 Field Exploration".
TerraX will be providing updates on our activities in the coming months as we carry out our winter exploration plans.
The technical information contained in this news release has been approved by Joseph Campbell, the President of TerraX, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
The Yellowknife City Gold ("YCG") encompasses 118 sq km of contiguous land immediately north and south of the City of Yellowknife in the Northwest Territories.
Through a series of acquisitions, TerraX now controls one of the six major high-grade gold camps in Canada. Being within 15 km of the City of Yellowknife, the YCG is close to vital infrastructure, including transportation, service providers, hydro-electric power and skilled tradespeople.
