TerraX Receives Land Use Permit for Southbelt and Prepares for 17,000 Meter Drill Program in 2017

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TerraX Minerals Inc. (V.TXR)) is pleased to announce that it has received a Land Use Permit for its wholly-owned Southbelt property at Yellowknife in the Northwest Territories. Drilling at Southbelt should commence around the end of February once access routes into the target areas have been completed.

Joseph Campbell, the CEO of TerraX, stated, “The prompt issuance of the Land Use Permit is supportive of the stated mandate of the Northwest Territories government to facilitate responsible exploration on its lands. The permit allows TerraX to begin drilling on the highly prospective Southbelt property targets which represent the continuation of gold structures south of the former Con Mine where TerraX has received surface assay results up to 94.9 g/t gold.” Mr. Campbell further stated, “The Southbelt target contains multiple high-grade gold occurrences with very high potential for discovery.” read more

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