VANCOUVER, BC / ACCESSWIRE / September 9, 2019 / TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to announce the extension of gold mineralization at Sam Otto by an additional 600 meters of strike with results from 1182 meters of drilling in six holes (Figure 1). These results combined with the drilling of three holes in 2018, the Sam Otto South zone now extends for 1.2 kilometers, and remains open in all directions. Gold mineralization of the Sam Otto trend has been defined for a minimum of 2.5 kilometers along the 5 kilometer Sam Otto structural corridor.

Phase 1 drill highlights from the Sam Otto South zone include: 7m of 2.93 g/t gold (within a broader interval of 40 m of 0.6 g/t Au) 14m of 1.36 g/t gold (within a broader interval of 34m of 0.64 g/t Au), 11m of 1.24 g/t gold, and 9m of 1.2 g/t gold (Figure 2). See Table 1 below for a complete summary:

Figure 1: Sam Otto 'Mineralized Zone' is defined by drilling and gold bearing surface sampling. Dotted line indicating "Mineralized Shear Structure Mapped' shows the location of favorable extensions of shears that were mapped in the summer of 2019

Message from David Suda, CEO:

"The opportunity at Sam Otto has improved considerably with these results by extending gold mineralization to 2.5 kilometers of strike length. We are very much looking forward to the remaining results from Sam Otto and the nearby high grade target at Crestaurum. These targets are in close proximity to one another and represent the opportunity for TerraX to deliver an attractive resource next to excellent infrastructure in the town of Yellowknife."

Technical Summary:

Gold mineralization encountered within the Sam Otto South target is located in shear zone structures 100 - 200 meters in width with strong sericite alteration and shearing. These geological characteristics are consistent with what is observed at the Sam Otto Main zone, clearly demonstrating the bulk tonnage of the 3.5 kilometer Sam Otto South structure.

The nine drill holes from the 2018 and 2019 campaigns in the Sam Otto South zone together with surface channel samples have shown that higher grade lenses (27m of 2.14 g/t, for e.g.) are at a 10 - 15 degree angle to the main north - south trending structure and alteration zone. An additional three drill holes have been completed this summer with results pending to test for geometric continuity of the higher grade lenses at depth. TerraX is planning aggressive step out drilling along the Sam Otto structure next winter as it will provide 100% access along the trend.

Figure 2: Areas of 'Mineralized Zone' are based on drill holes and surface sampling. All drill holes have gold mineralized intersections and the zones remain open in all directions.

Table 1:

Sam Otto South - Phase 1, 2019 DDH
Drill Hole	Dip	Azimuth	UTM Location			From (m)	To (m)	Interval (m)	Au g/t
			Easting	Northing
TSO19-043	-45	270	639740	6943035		24.00	64.00	40.00	0.60
					incl.	34.00	31.00	7.00	2.93
					and	98.00	112.00	14.00	0.71
					incl.	99.00	107.00	8.00	1.02
					and	126.00	130.00	4.00	0.80
					and	156.00	157.00	1.00	1.10
TSO19-044	-45	270	639742	6943140		19.85	24.00	4.15	0.79
					and	30.00	31.00	1.00	0.90
					and	84.00	89.00	5.00	0.46
					incl.	88.00	89.00	1.00	1.28
					and	112.00	113.27	1.27	0.73
					and	115.09	120.00	4.91	0.88
					incl.	119.00	120.00	1.00	1.70
					and	147.00	149.00	2.00	0.88
					and	154.00	156.00	2.00	0.40
TSO19-045	-45	270	639740	6943339		35.25	37.00	1.75	0.32
						41.00	75.00	34.00	0.64
					incl.	41.90	44.00	2.10	1.61
					incl.	61.00	70.00	9.00	1.20
					and	87.75	101.25	13.50	0.60
TSO19-046	-45	270	639787	6943420		82.00	83.00	1.00	0.52
						90.00	104.00	14.00	1.36
					incl.	90.00	99.62	Share article: Shares Share Tweet Share Flip Email Watch latest videos Subscribe and Follow Get a daily dose of Memphis Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well. Subscribe Now News RELEASES Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Memphis Sun. More Information null in null International Section Gaza War sucking life out of an Israeli generation In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held... Faulty IT system at heart of UK Post Office scandal, says report LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which... Travelers can now keep shoes on at TSA checkpoints WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland... Rubio impersonator used AI to reach officials via Signal: cable WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in... Warsaw responds to migration pressure with new border controls SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction... Deadly July 4 flash floods renew alarm over NWS staffing shortages WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the... Business Section Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after... Ex-UK PM Sunak takes advisory role at Goldman Sachs NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street... Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half... PwC: Copper shortages may disrupt 32 percent of chip output by 2035 AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions... U.S. stocks recover after Trump-tariffs-induced slump NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada... Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round... Movie Review Star Trek: The Motion Picture—The Director's Edition (4K UHD) [Blu-Ray]