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TerraX Minerals Announces Phase 2 Drilling Result at Sam Otto

Mining News - Published on Mon, 14 Oct 2019

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TerraX Minerals Inc announced depth extension of gold mineralization at Sam Otto South with results from an additional 732 meters of drilling in three holes Phase 2 drill highlights from the Sam Otto South zone include: 25.5m of 1.26 g/t gold, including 10.0m of 1.76 gram per tonne gold, demonstrating that the zone is thickening and also open at depth. The Sam Otto South area is open in all directions over a strike length of more than 2.5 km. See Table 7 below for a summary of 2019 Phase 2 Sam Otto South drill assay intervals.

Message from David Suda, President and CEO said that "Potential continues to grow at Sam Otto. Phase two drilling indicated that gold structures thicken at depth producing results that make this target exciting especially given its scale and proximity to top tier infrastructure. The results further verify the presence of a large mineralized system that remains open in all directions for expansion. The excellent width and grade at Sam Otto will be a primary focus of the next drill program and represents the best opportunity to add volume and ounces to our project. We look forward to our next drill program scheduled for this coming winter."

Gold mineralization encountered within the Sam Otto South target is in shear zone structures 100 - 200 meters in width with strong sericite alteration and shearing. Gold mineralized zones contain disseminated sulphides. These geological characteristics are consistent with what is observed at the Sam Otto Main zone clearly demonstrating the bulk tonnage potential of the 4.5 kilometer Sam Otto South structure.

The twelve drill holes form the 2018 and 2019 campaigns in the Sam Otto South zone, together with surface channel samples, have shown that higher grade lenses (27.16 m of 2.16 g/t as example) are at a 10-15 degree angle to the main north-south trending shear and alteration zone. TerraX is planning step out drilling along the Sam Otto structure next winter when it will have 100% access along the 5+ km trend.

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Posted By : Rabi Wangkhem on Mon, 14 Oct 2019
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