NORTHWEST TERRITORIES – Vancouver-based TerraX Minerals reports the discovery of a new gold vein – the VSB vein – at its Yellowknife City gold project immediately north of the town of the same name. The vein has been exposed over its entire 15-metre length and exhibits “abundant” visible gold, according to the company.
Grab samples from the VSB vein have assayed 547.0 g/t, 346.0 g/t, 75.8 g/t and 34.9 g/t Au. Of the 60 samples taken in an area 1.3 km long by 300 metres wide, 12 samples tested more than 5.0 g/t Au.
The 10-cm-wide VSB Vein is composed of white quartz and is trends northwest and dips 60° to the southwest. It does not appear to have been sampled during any previous exploration campaigns.
Maps and additional information about the Yellowknife City gold project are available at www.TerraXMinerals.com under the project name “Northbelt.”