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 Raleigh Times 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 Raleigh Times. More Information null in null Business Section U.S. stocks end day, week, month with mixed performances NEW YORK, New York - Uncertainty over trade tariffs kept invetsors and tradersv at bay on Friday with the major indices finishing mixed.... Skechers deal sparks wave of take-private talks amid trade turmoil NEW YORK CITY, New York: As trade policy uncertainty rattles markets and slashes valuations, a growing number of U.S. retailers are... Volvo cuts 3,000 jobs amid trade tensions and economic uncertainty FRANKFURT, Germany: Volvo Cars, based in Sweden, is cutting 3,000 jobs to reduce costs as the automobile industry struggles with trade... Amid losses, Nissan bets on e-Power hybrid to revive US sales YOKOSUKA, Japan: Facing mounting losses and global restructuring, Japan's Nissan Motor Corp. is turning to its unique e-Power hybrid... Wall Street ends volatile day higher NEW YORK, New York -  U.S. stock markets see-sawed Thursday as the judicial system became a key player in Donald Trump's trade wars.... French farmers jam Paris roads in push for eased regulations PARIS, France: French farmers brought traffic to a crawl around Paris and gathered outside the National Assembly on May 26, using their... North Carolina Section God responsible for his presidency, claims Trump WASHINGTON, DC - U.S. President Donald Trump on Monday said he believed God was behind his election loss in 2020, even though he has... High-fat diet sets off metabolic dysfunction in cells, leads to weight gain: Study Washington DC [US], May 30 (ANI): Researchers find high-fat diets set off metabolic dysfunction in cells, leading to weight gain, but... Etihad Airways expands US network with first flights to North Carolina ABU DHABI, 16th May, 2025 (WAM) -- Etihad Airways has announced a new addition to its growing US network with the launch of non-stop... DC Steve Wilks 'Really Excited' About Jets Personnel on Defense Praise From Afar and Now Up Close for HC Aaron Glenn Jack Bell With more than 30 years experience as a football coach, in college... 49ers Sign P Thomas Morstead and LB Chazz Surratt The San Francisco 49ers today announced they have signed PThomas Morsteadand LBChazz Surrattto one-year deals. In order to make room... Feds sue North Carolina over voter registration issues RALEIGH, N.C. (CN) - The Trump administration sued the North Carolina State Board of Elections on Tuesday, claiming the board violated... Movie Review The Beastmaster (4K UHD) [Blu-Ray]