TerraX Minerals Inc.

TerraX Minerals Inc. is focused on the Yellowknife City gold project, which encompasses 99.3 sq km of contiguous land immediately north of the city of Yellowknife. The project lies on the prolific Yellowknife greenstone belt, and covers 15km of strike length on the northern extension of the shear system that hosts the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and historic high grade drill results. The project is close to vital infrastructure, including transportation, service providers, hydroelectric power and skilled trades people.

Expert Comments:

Ryan Walker, Euro Pacific Canada (2/5/16)
"TerraX Minerals Inc. has begun a 6,500m winter drill program on the 100%-owned Yellowknife City gold project. . .ongoing drilling is testing the Mispickel target on the Walsh Lake property where results from previous chip sampling are highlighted by 6m at 7.29 g/t gold. The drill campaign will also test multiple targets, including five targets in the 5x3 km core gold area, including the Barney shear and the recently discovered Hebert-Brent zone."

Jay Taylor, Gold, Energy & Tech Stocks (1/29/16)
"There are several reasons to get excited about TerraX Minerals Inc. . . .first, the company's Yellowknife City gold project is endowed with some of the most exciting exploration prospects you will find anywhere. Second, Virginia Gold's investment in this company bolstered my confidence. . .that Osisko has not only replaced Virginia Gold after those two companies merged but has also boosted its holdings to 16.9% and is represented on the TerraX board is still more reassuring. Last, but by no means least, was the Nov. 18 announcement of replacement-style mineralization. . .and, subsequently, on Jan. 5 the announcement of three more replacement-style discoveries."

Haywood Securities (1/21/16)
"TerraX Minerals Inc. recently completed its 2015 exploration program at the Yellowknife City gold project, highlighted by maiden drill results from its Hebert-Brench Shear target, which returned shallow, replacement (pyrite)-style gold mineralization including hole TNB15-024, which intersected 10.32m grading 3.61 g/t gold. The company plans on spending approximately CA$4M in 2016, which will include drilling at the Barney Shear, the Barney Deformation Corridor (including Hebert-Brent) and other new targets yet to be drill tested. . .TerraX is also expected to complete a maiden resource estimate for Crestaurum by early next year."

"TerraX Minerals Inc. is an interesting company. It has this huge district called the Yellowknife City gold project, just north of city of Yellowknife in the Northwest Territories. It's a past-producing area of some 14 Moz. It has to focus on defining an initial resource on two zones, Crestaurum and Barney Shear. The market's expectations are quite high because it's a resource-rich belt and quite prolific. In order not to disappoint those expectations, I would say the resource should be at least 1.5–2 Moz to start with. TerraX raised $6M last year and made some additional discoveries at Yellowknife City. West of Barney Shear, it had assays of up to 130 g/t gold. Let's see what comes out. But I would expect something between 1.5 and 2 Moz would definitely be a good resource. We could see that this year. TerraX Minerals is the kind of exploration model that continues to work in this challenging market environment. Most companies have no access to capital and are completely diluting their shareholders if they raise equity at current prices. Some of them will become takeover targets but with no benefit to the shareholders. But TerraX is very lean. Management is incentivized through options and through a 15% stake in the company and doesn't draw a salary so most of the money that the company raises will go into the ground. This should really be the model for the exploration industry as a whole, not to pay big salaries, but have low general and administrative expenses and deploy the capital raised as effectively as the company can." read more >

Haywood Securities (1/8/16)
"TerraX Minerals Inc. released final results from its summer surface exploration program at its Yellowknife City gold project. . .rock chip sampling from several areas within the core gold area returned significant anomalous gold values. . .early stage exploration work by the company continues to demonstrate widespread alteration and gold mineralization within the core gold area."

"TerraX Minerals Inc. is a prime takeover candidate because the company has everything most senior producers would want—a huge land package in an attractive greenstone belt that once hosted two producing mines; it is a 15-minute drive from the airport, and there are trained mine laborers nearby. The first resource estimate, which I hope to see by mid-2016, should be between 1 and 2 Moz but with a clear exploration plan to add ounces. . .the company has almost $5M in working capital and plans to use that to prove up as many ounces as possible. The management team and Osisko Gold Royalties own about 33% of the outstanding shares, so the risk of a hostile takeover bid is minimal." read more >

More Expert Comments

Experts Following This Company

Mick Carew, Analyst – Haywood Securities
Thibaut Lepouttre, Editor Caesars Report
Etienne Moshevich, Editor Alphastox.com
Björn Paffrath, Director – Stabilitas-Fonds
Gwen Preston, Founder Resource Maven
Florian Siegfried, Senior Portfolio Manager – AgaNola
Jay Taylor, Author Gold, Energy & Tech Stocks
Ryan Walker, Analyst – Euro Pacific Canada

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
Controls the last undeveloped high-grade gold camp in Canada
Yellowknife gold project is the Northern extension of +14 million oz gold mines
Focused on quick exploration success, fully funded 2015 drill programs