City of Yellowknife
Less than 1 min.read

TerraX Minerals: Promising gold deposits found near Yellowknife

Mike Gibbins
By Mike Gibbins

Yellowknife, NWT – TerraX Minerals first assay results show promising signs for gold deposits near Yellowknife.

The company’s project lies on the prolific Yellowknife greenstone belt and covers 15 kilometers of strike length on the northern extension of the shear system that hosts the high-grade Con and Giant gold mines.

TerraX officials say test results there have showed abundant visible gold.

David Connelly is the company’s strategic advisor.

“A usual standard that would get people encouraged are results like five or 10 grams per ton. The issue with grab samples is that a prospector’s eyes are attracted to the best rocks so they can sometimes be positively biased. When you start getting numbers like 346 grams or 547 grams per ton it certainly is a very encouraging sign.”

The findings were released in a report that came out Thursday.

Many business leaders think the project has tremendous potential for economic spinoffs in Yellowknife.

CJCD Moose FM News

Mike Gibbins
Mike Gibbins
Hello and thank you for listening to 100.1 Moose FM! To contact me, you can email me, find me on Twitter or call (867) 920-4663.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Tuktoyaktuk RCMP lay charges in bootleg liquor investigation

RCMP
Tuktoyaktuk RCMP are laying charges following an investigation into liquor bootlegging earlier this week.

Youth engage with Tłı̨chǫ language in unconventional immersive spaces

Northwest Territories
While in-person On the Land learning continues to be central to Tłı̨chǫ language revitalization, the Tłı̨chǫ language division is looking at ways to engage with youth through new immersive platforms, like virtual spaces, that honour history and traditions. Danielle Dacanay with the Tłı̨chǫ Government’s Language Division emphasized that virtual resources are supplements to learning the language in the traditional way, they are not a replacement for it.

New microgrant stream wants youth to plant language seeds outside school

Northwest Territories
“100 youth projects wanted in French,” a new microgrant program wants youth to plant language learning seeds outside school. A network of action-research teams in Canada, other parts of North America, Africa and Europe is launching a youth grant stream to support French language engagement outside of conventional spaces. Youth across the country aged 14 to 30 are eligible for 100 microgrants in support of grassroots initiatives as part of this program run by the Dialogue Network.

Water testing at another Yellowknife school confirms elevated lead and copper

Northwest Territories
Testing at another school site in the city of Yellowknife showed elevated levels of lead and copper in water present in some of its drinking taps. Earlier this month, testing showed four other school buildings in Yellowknife and a school in Behchokǫ̀ had elevated levels of both copper and lead in water. Since comprehensive testing of schools across the territory began this fall, 28 school sites out of 34 announced to date have tested positive for elevated levels of lead.

Testing at more NWT buildings confirms lead in water

Northwest Territories
Fort Smith officials said water testing at municipal buildings has confirmed the presence of lead. According to the announcement, water samples at the Town Hall, the Fire Hall, and the Municipal Services Building continue to show elevated levels of lead.