TerraX Stakes Additional Ground at Sunbeam gold project near Atikokan,
Ontario and completes Second Field Program at nearby Blackfly gold project
TSX-V Symbol: TXR
The Sunbeam-Pettigrew property consists of 27 claims totalling 350 claim units (~55 km(2)), and is situated 15 km from Brett Resources' (TSX-V: BBR) Hammond Reef property, which contains a National Instrument 43-101 compliant resource of
Four northeast-striking, mineralized lineaments have been identified to date on the Sunbeam property; intermittent alteration and mineralization over strike lengths of up to 9 km were noted in the field program. Five new showings with assays greater than 3 g/t Au were found during the exploration program - grab samples from these showings returned values from 3.3 to 10.4 g/t Au. In addition, historical zones were sampled in detail and their known extents were expanded. The highest assay from the Sunbeam property sampling was 16.2 g/t Au. TerraX has staked 18 additional claim units (~2.9 km(2)) on the eastern margin of the Sunbeam property to protect a 600 m strike length of mineralized lineament where sampling on previously open ground returned up to 0.714 g/t Au.
On the Blackfly property, sampling was concentrated in and around the northeast-trending, historical Blackfly Zone, where assays up to 167 g/t Au were obtained during TerraX's due diligence sampling in early 2009 (see
Mineralization discovered on the properties typically consists of quartz or quartz-iron carbonate veins with pyrite, surrounded by zones of granite (or mafic dikes) with strong iron carbonate alteration and 1 to 10% pyrite. While the highest gold grades are commonly associated with quartz veins, numerous samples of granite-only samples with potentially economic grades (up to 10.2 g/t Au, many in excess of 1 g/t Au) were collected in the September field program. This is important because altered and mineralized granite is much more areally extensive than mineralized quartz veins.
The technical information contained in this news release has been verified by
On behalf of the Board of Directors "Joseph Campbell" Joseph Campbell, P.Geo President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Stuart Rogers, (604) 689-1749
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