TerraX Minerals Inc.

TerraX Minerals (TSX-V: TXR) is focused on the Yellowknife City Gold Project, one of Canada's premier high-grade Archean Gold Districts which they own by 100%. It has a size of 418 sqkm, an excellent infrastructure with less than 10 km from Yellowknife and year round access. The strike length is now 45 km on the trend with two of Canada's highest grade gold mines (the Con and Giant Mines - 14 Mio. ounces produced at 16 g/t Au). Another big adavantage is the location in Canada meaning geopolitically stable and a mining friendly jurisdiction especially the Yellowknife area in the North West Territories. The management is well experienced management and the company has proven technical team which has already discovered a world class gold deposit (Meliadine - now owned by Agnico Eagle) .

The excellent endwoment with multiple gold bearing structures lis fantastic. Examples are:

  • Mispickel – new discovery winter 2016 with 8.00 m @ 60.6022 g/t Au & 7.30 m @ 23.60 g/t Au
  • Barney Shear (extension shear which hosts Con & Giant) – TerraX drills 22.4 m @ 6.35 g/t Au
  • Crestaurum – drill intersection with 5.0 m @ 62,9 g/t Au
  • Shear 20 – drill intersection with 21 m @ 2.97 g/t Au
  • Hebert-Brent – new discovery summer 2015 with surface channel samples with 11.0 m @ 7.55 g/t Au
  • Sam Otto – 2016 drill intersection 49.70 m @ 1.00 g/t Au & 30.70 m @ 1.33 g/t Au

Company Objectives

Fast and successful exploration after completion of $5.2 million financing per June 2015 and in May 2016 with 3.2 Mio. CAD,  Summer drill program currently underway with drill Focus on large “Core Gold Area” and first resource estimation, Osisko Gold Royalties still holds 14.5% of TXR

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Data & Facts

ISIN:CA88103X1087
WKN:A0YFEB
FRA:TX0
TSX:TXR
Aktien ausstehend: 102,3 Mio. Stück
Fully diluted: 119,7 Mio.

Management

Institutionals & Insider: Management Ownership 13,5%
  Osisko Royalties 14,5 %
   
Head Office: TerraX Minerals Inc.
  1066 West Hastings Street, 23rd Floor
  Vancouver, B.C. V6E 3X2
  Phone: +1 604.689.1749
   
Management: Joseph Campbell, P. Geo – President, CEO und Direktor
  Dr. Thomas Setterfield, P. Geo – VP Exploration und Direktor
  Stuart Rogers, CFO und Direktor
  Paul Reynolds, P. Geo – Direktor

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