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: Watch latest videos Subscribe and Follow Get a daily dose of Miami Mirror 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 Miami Mirror. More Information 75 ℉ Mostly Cloudy in Miami Business Section Multi-billion dollar settlement lets Wells Fargo off the hook Wells Fargo Bank is to pay $3 billion, which includes $500 million to be distributed to investors, to settle potential ... Human rights defender in Yemen whose son was shot to death is honored TEHRAN (Tasnim) - A Yemeni lawyer won the prestigious Martin Ennals Award for 2020 in recognition of her efforts to ... Wall Street and the dollar drop sharply, world markets follow NEW YORK, New York - U.S. stocks fell sharply on Friday as profit-taking hit the U.S. dollar, finally puncturing what ... Open-air markets in Central asia driving economic growth Central Asia's lively, open-air markets are a dead giveaway to economists: signs of a large informal sector, or "shadow economy."These ... Stock markets in Asia generally give up ground SYDNEY, Australia - Stock markets were quiet on Friday, mostly trading in negative territory.In Japan the Nikkei 225 fell 92.41 ... Coronavirus quarantine could spark an online learning boom The spread of the coronavirus disease known as COVID-19 is a public health emergency with economic and social ramifications in ... International Section Russia suspected of blaming United States for coronavirus U.S. government officials have suspected Russia of spreading fake news about the coronavirus, thus undermining international efforts to combat the ... Racial minorities get behind Sanders in Nevada TEHRAN (Tasnim) - Sen. Bernie Sanders (I-Vt.) posted a decisive victory in the Nevada caucuses Saturday, cementing his status as ... Guterres criticizes war in Syria, demands political resolution NEW YORK, New York - The head of the United Nations has issued a blunt message to warring parties in ... Haitian leaders called on to reverse country's downfall NEW YORK, New York - Leaders in Haiti must step up and end the political impasse between President Jovenel Mose ... Delving in among the smoke and mirrors of the Pell case Compound Probability and the CrownIn his appeal to the Intermediate Court, Bret Walker referred to 13 solid obstacles that pointed ... Bayrob hackers infected 400,000 computers before being taken down The hackers were like modern-day John Dillingers, brazenly committing their crimes and repeatedly escaping law enforcement's grasp.But like Dillinger and ... Movie Review Dead Man