TerraX acquires Northbelt Gold Mining

TerraX Minerals Inc. has completed the purchase of the Northbelt leases in the Yellowknife area of the Northwest Territories, Canada. TerraX is purchasing an unencumbered 100 per cent ownership of the property.
The property consists of 121 leases totaling 8802 acres which cover approximately 13 kilometers of strike along the prolific Yellowknife Belt. Northbelt is situated on the northern strike continuation of the Yellowknife gold camp, immediately west of the major break controlling gold mineralization within the camp. The Property is host to multiple shears that are the recognized hosts for gold deposits in the Yellowknife camp.
TerraX has been reviewing the historical technical data on the Property, including 300-400 historical drill holes that were completed on the Property between 1945 and 1996, mostly concentrated on the Crestaurum deposit. The Property was explored at the beginning of the Yellowknife gold rush in the early 1940s. It was staked by multiple claimholders in 1944 with the discovery of the outcropping Crestaurum deposit.
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