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 Salt Lake City 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 Salt Lake City Sun. More Information null in null Business Section US debt limit raised, but spending bill fuels fiscal concerns NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending... Shein hit with 40 million euro fine in France over deceptive discounts PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices... Meta hires SSI CEO Gross as AI race intensifies among tech giants PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),... Engine defect prompts Nissan to recall over 443,000 vehicles FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential... Microsoft trims jobs to manage soaring AI infrastructure costs REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation... Stocks worldwide struggle to make ground Friday with Wall Street closed LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback... United States Section US debt limit raised, but spending bill fuels fiscal concerns NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending... Meta hires SSI CEO Gross as AI race intensifies among tech giants PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),... US sends message by publicizing visa ban on UK punk-rap band WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send... Engine defect prompts Nissan to recall over 443,000 vehicles FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential... Microsoft trims jobs to manage soaring AI infrastructure costs REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation... Stocks worldwide struggle to make ground Friday with Wall Street closed LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback... Movie Review The Belko Experiment