TXR:TSX.V

TerraX Minerals Inc.

TerraX Minerals Inc. is focused on the Yellowknife City gold project, which encompasses 94.9 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:

Scott Simpson, Financial Post (2/26/15)
"TerraX Minerals Inc. attracted over $2.7M for a winter drill program currently underway at its Yellowknife City Gold project in the Northwest Territories. Yellowknife City Gold, bearing many of the traits of the projects that proved attractive to Goldcorp Inc. and Agnico Eagle Mines Ltd., is a very large and potentially world-class project comprised of six contiguous properties including the key Northbelt property. . .although the property is a well-known gold area, geologic data about Northbelt was almost non-existent when TerraX made its successful bid for the property. . .exploration results in 2014 confirm. . .a 3km by 5km core gold area of high-grade mineralization."

"TerraX Minerals Inc. has a dreamy gold project near Yellowknife. It is located within walking distance from the city of Yellowknife, which has an airport and a power grid. The property was acquired out of a bankruptcy, which means it is cheap to advance because it has already seen a lot of exploration work. The company has reassayed 18m of 2 g/t gold. The only problem is that the mine is far up in the north where it is quite cold. But there is no doubt that there is a lot of gold left in the ground. TerraX has $34M in the treasury, which will allow it to continue working for quite a while. It has recently announced it will start drilling again in January." read more >

Thibaut Lepouttre, Caesars Report (10/6/14)
"TerraX Minerals Inc. has received the assay results from its nine-hole drill program, which was specifically aimed at the Crestaurum zone of the Yellowknife City gold project. It's encouraging to see there was high-grade gold mineralization being intercepted very close to surface, as none of the intersections was deeper than 70m from surface. The widths aren't that great, as the majority of the intercepts was less than 10m, but the grade makes up for that, as an intercept of 2.85m at more than 1 oz/ton gold is truly remarkable."

"TerraX Minerals Inc. has the Yellowknife City gold project in the Northwest Territories. The company is 9.7% owned by Virginia Mines Inc., which has increased my confidence level. Management is in the process of pulling together data from some 463 previous drill holes, but what is most exciting is the fact that the southern end of the company's Northbelt property hosts the northern extension of the Yellowknife Gold Belt, which hosted the famous 8.1 Moz Giant Deposit and the 6.1 Moz Con deposit. The company's management team is technically strong and has skin in the game." read more >

Lawrence Roulston, Resource Opportunities (8/26/14)
"TerraX Minerals Inc. reported further assay results from the summer exploration program currently underway on its Yellowknife gold project. . .the results of the prospecting are highly encouraging in confirming the presence of additional zones beyond the presently known gold zones."

Jay Taylor, Gold, Energy & Tech Stocks (8/22/14)
"TerraX Minerals Inc.'s market cap is still tiny compared to where I think it can go given the massive extent of its gold and base metals targets on what it calls its Yellowknife City gold project. . .this company has a strong management that has a track record of delivering on promise. I love the fact that management has skin in the game; it owns approximately 18% of the shares."

More Comments

Experts Commenting on This Company


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
catalyst Calendar
Q1
2015
January/5,000 m. Drilling Commences
TerraX Minerals Inc. Content