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
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
Data & Facts
|Aktien ausstehend:||102,3 Mio. Stück|
|Fully diluted:||119,7 Mio.|
|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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