TXR TSX-V TX0 Frankfurt

NORTHBELT
PROPERTY
Leveraging Historic
Exploration in Prolific
and Accessible
Yellowknife Gold Belt
October 2013
Forward Looking Information
This presentation may contain “forward-looking statements” which reflect the Company’s current
expectations regarding the future results of operations, performance and achievements of the
Company, including potential property acquisitions, the timing, content and results of work programs,
geological interpretations and potential mineral discoveries, and negotiation and closing of future
financings. The statements reflect the current beliefs of the management of the Company and are
based on currently available information. Accordingly, these statements are subject to known and
unknown risks, uncertainties and other factors which could cause the actual results, performance, or
achievements of the Company to differ materially from those expressed in, or implied by, these
statements.
In addition, investors are cautioned that this presentation may contain information about mineral
properties adjacent to or near the Company’s properties and in which the Company has no right or
interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral
deposits, if any, which may be found on the Company’s properties.
All scientific or technical information contained on this presentation has been reviewed and approved
by Dr. Tom Setterfield, P.Geo., the VP Exploration of TerraX Minerals Inc., who is a "qualified person" as
defined in National Instrument 43-101 of the Canadian Securities Administrators.

2
Company Overview
Sept 30, 2013
Issued Shares
500,000 @
650,000 @
2,050,000 @
360,000 @
100,000 @

$0.10 (Apr. 30, 2014)
$0.10 (Aug. 2, 2014)
$0.17 (Jun. 28, 2018)
$0.28 (Aug. 29, 2018)
$0.61 (Sept 30, 2016)
Options:

37.4 mln

3.7 mln

1,855,000 @ $0.10 (Jan. 21,2015)
3,502,243 @ $0.30 (May. 8, 2016)
62,500 @ $0.30 (May. 30,2016)
Warrants:
Fully Diluted Shares
Basic Market Cap ($0.60/share)
Held by Management:

9.6%

Working Capital

$0.8 million

46.5 mln
~ $23 mln

15.8%

Held by Virginia Mines Inc:

5.4 mln

$0.045 Dec 31, 2012 – $0.60 Oct 2013

TXR TSX-V
TX0 Frankfurt

3
Accomplished Management
Joseph Campbell, P. Geo – President
•

33 years of experience: exploration and mining on a variety of deposit types

•

Project Manager for 7 years on Meliadine (now Agnico Eagle) a 5 Moz gold resource in
Nunavut. Taken to pre-feasibility level incl: mineable reserve, production rates &
schedules, Cap Ex/Op Ex for process, mining and G&A.

•

Evaluated Au potential along a known Au trend in Ontario. Managed subsequent drilling,
authored a NI 43-101 ore resource report on a growing 2,000,000 oz Au deposit

•

Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile

•

Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares)

Dr. Thomas Setterfield, P. Geo – VP Exploration and Director
•

33 years of international experience in exploration and mining including:

•

Ph.D from Cambridge University – Cambridge, England (1991)

•

Expert in IOCG, Epithermal Au and VMS deposit types

•

Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia

•

VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium

4
NORTHBELT PROPERTY
Acquired Northbelt Property
Feb 2013
• Property on north boundary of
Yellowknife, a City Founded on
Gold Mining
• 100% Owned Mine Leases –
Holding Cost $17,000/year
• No work commitments
• Virginia Mines holds option to
purchase a 2% NSR for $2 million.

City of
Yellowknife

5
Infrastructure - Ideally Situated

NORTHBELT
PROPERTY

City of
Yellowknife

6
Northbelt Property – The Right Geology
• Northern Extension of the Geology
Containing the Con (5.5M oz) and Giant
(7.8M oz) Mines @ 11 g/t Au
• Area: 36.5 Sq km
• 13 km Strike Length on
Main Yellowknife Gold Break
• Historical reports show at least 463 holes
drilled on Northbelt property
CRESTAURUM

• Innumerable Au Targets Including historic
Crestaurum Deposit
C-ZONE
LYNX
GBK
SUPERCREST
7
Excellent and Accessible Infrastructure
Bluefish
Hydro Dam

BLUEFISH HYDRO DAM
Opened July 30th, 2013
Current Capacity 7.5Mw - Expandable

POWER
LINE

CRESTAURUM

Accessible with Infrastructure
•Year Round Road Access from City
of Yellowknife
•8 km from Yellowknife Airport
•2 km from new Blue Fish HydroElectric Dam

CRESTAURUM
ROAD
Airport

GIANT MINE

8
Core From 200+ Drill Holes
August 2013
TerraX’s New
Core Facility

Core from more
than 200 drill
holes previously
stored in the core
yard at the Giant
Mine site

9
Finding Old Drilling Collars
+250 drill
hole collars
found,
155
surveyed
this June

10
NORTHBELT PROPERTY
463 known Historic Drill Holes on property
including:
• 190 Crestaurum
• 20 Barney Shear (NEBEX 1995-96)
• 80 Homer Lake VMS Target
250+ Drill Collars Found including:
• 123 Crestaurum
• 29 Barney Shear, 20 Shear and 19 Shear
• 39 Homer Lake VMS Target
200+ Core Intersections Found including:
• 74 Crestaurum (1985 – Giant)
• 86 NEBEX (1993-96) including Barney, 20
Shear, 19 Shear & Crestaurum Strike Extension
• 30 Homer Lake VMS Target (1970’s – Giant)
11
Numerous Prospective Targets and Showings
Selected Historical Drill Hole Intersections

12
Summer 2013 Work Program
Exploration Campaign – Completed in 12 Weeks of Field Work
•Located High Grade Au on New and Historically Reported Zones
•Located High Grade Precious Metal Rich Massive Sulphides At Homer Lake VMS
•Completed Helicopter Borne Geophysics - Defined New Exploration Targets
•
•
•

Multi-kilometer magnetic signatures aligned with Au mineralization
Multi-kilometer radiometric signatures aligned with Au mineralization
A large untested EM anomaly proximal to historic surface trenches and drill hole
intersections of high grade precious metal rich base metals (Pb, Zn, Cu)

•Work on Historical Drilling
•
•
•
•
•

Discovered 200 drill hole cores stored at the Giant Mine Site
Located drill collars for more than 250 historical drill holes – surveyed 155 holes
Constructed new logging facility at Yellowknife Airport
Began re-logging and re-sampling of historical drill core
Preparation for winter drill program on schedule, including initial community engagement
meetings and permitting

13
Airborne Survey July 2013
MAGNETICS

EM

POTASSIC
RADIOMETRICS

Homer Lake
VMS Target

Low level Helicopter Borne System
•520 line KM
•East-West lines 100m spacing
•Two North-South tie lines 3km
spacing
•Completed for 1/3 cost of other
Northern Surveys because of
proximity to Yellowknife Airport

Pinto Shear

Low level Helicopter
Borne System
100-200’ high (30-60 m)

Crestaurum

Barney

14
Prospecting June 2013
Completed 293 Sample Program
165 chip samples from 80
separate locations
128 grab samples.

•

Assay values of 49.30 g/t Au and 55.2 g/t
Ag in one grab sample at Pinto

•

529 g/t Ag, >20% Pb and 9.44% Zn in
one grab sample from Homer Lake
15
2013 Prospecting Results
Trench Chip Sample
5.00m @
1.54 g/t Au, 95.5 g/t Ag
3.13% Pb, 1.59% Zn

Trench Chip Sample
1.40m @ 16.85 g/t

Trench Chip Sample
3.00m @ 15.24 g/t

Trench Chip Sample
5.00m @
1.31 g/t Au, 38.4 g/t Ag
2.74% Pb, 2.42% Zn
Grab Sample
0.60 g/t Au, 529 g/t Ag
+20% Pb, 9.44% Zn
Grab Sample
49.30 g/t Au, 55.2 g/t Ag
4.37% Pb, 2.01% Zn
Trench Chip Sample
2.00m @7.15 g/t
Grab Sample
12.85 g/t

16
CRESTAURUM DEPOSIT

CIRCA
1948

Today

17
Crestaurum Deposit – Re-sampled Core Results
Assay Intervals from Crestaurum Deposit
Drill Hole
DDH85-118
DDH85-121
DDH85-134
DDH85-157
DDH85-166
DDH85-167
DDH85-175

North Shoot
FROM (m)
TO (m)
Width (m)
91.13
98.00
6.87
98.00
100.00
2.00
99.00
102.00
3.00
146.00
148.00
2.00
126.00
132.00
6.00
96.00
101.00
5.00
143.00
145.00
2.00

Au g/t
13.07
5.92
13.45
67.69
11.96
5.47
10.46

Drill Hole
DDH85-150
DDH85-151

North-Ext Shoot
FROM (m)
TO (m)
Width (m)
53.00
48.00
5.00
86.00
88.00
2.00

Au g/t
62.90
6.55

Drill Hole
DDH85-177
DDH85-181
DDH85-187

Central Shoot
FROM (m)
TO (m)
Width (m)
57.00
59.00
2.00
67.00
70.00
3.00
81.00
86.00
5.00

Au g/t
10.04
12.79
20.66

Drill Hole
DDH85-173
DDH85-174

South Shoot
FROM (m)
TO (m)
Width (m)
54.00
59.00
5.00
61.00
66.00
5.00

Au g/t
12.43
8.03
18
Crestaurum Zone - Vein 1 187 DDH
Slide 20

85-187

85-118

85-150

Slide 21

North Ext
Ore Shoot
85-174

0m

South Ore
Shoot

Central
Ore Shoot

LONGITUDAL SECTION
100m
200m
400m

North Ore
Shoot
DDH85-150

North Ext Ore Shoot

DDH85-118

North Ore Shoot

• 123 Crestaurum drill collars
located and surveyed to cm
accuracy – June-July 2013
• Core from 74 Crestaurum
drill holes found, re-logged,
re-sampled

Central Ore Shoot

85-187

PLAN MAP
0m

100m

200m

400m

South Ore Shoot

85-174
19
Crestaurum Deposit – South Shoot
Trench Chip Sample – June 2013
3.00m @ 15.24 g/t

CRESTAURUM TRENCH
SAMPLING
CRESTAURUM

TRENCH
SAMPLING

DDH85-174 – September 2013
5.00m @ 12.43 g/t

20
Crestaurum Deposit – North Extension Shoot

DDH85-150 – September 2013
5.00m @ 62.90 g/t

DDH85-148 – September 2013
5.00m @ 4.43 g/t

DDH85-151 – September 2013
3.00m @ 4.59 g/t

21
Crestaurum Historical Metallurgy
1985 Program: 44 samples of drill core rejects from 7 drill holes – we have
re-sampled all 7 holes and verified the grades
Composite A
•Drill grade of 0.357 oz/ton (cut to 1 oz/t as per resource estimate)
•Drill grade un-cut 0.627 oz/ton
•Calculated metallurgical head grade 0.72 oz/ton
Composite B
•Drill grade of 0.297 oz/ton (cut to 1 oz/t as per resource estimate)
•Drill grade un-cut 0.397 oz/ton
•Calculated metallurgical head grade 0.454 oz/ton
Findings (Quoted from Report*)
Using Direct Cyanide (Free Milling Method)
“Both composites were determined to be free milling and best suited for a straight
cyanidation process…expected to yield recoveries in the order of 95%.”
Using Refractory Recovery Method (Roasting) – The process used at Giant Mine
“Very low recoveries of about 44-62% were obtained…an alternative method of
processing would be necessary.”
*Source: F.A. Perrino, Summary Report of Exploration Activities, Yellowknife
Belt, Including Northbelt Yellowknife Mines Ltd., 1985 too 1988, September
1988

22
BARNEY SHEAR TARGET
Prospective New
Exploration Target
• Delineated over strike length of 4.5 km
(historic)
• Drill tested to over 600m strike length
(historic)
• Followed on surface over an additional
700m north of drilling
• Surface Mapping in June 2013
Indicates Barney Shear Zone Consists
of Multiple Mineralized Shears over
+200m across strike width

23
Milner Lake/ Barney Shear Area

24
Barney Shear Zone

NB95-16 Assay Results
From (m)

To (m)

Interval
(m)

334.06

362.38

28.32

2.94

13.11

including 337.00

357.86

20.86

3.79

17.13

including 337.00

348.00

11.00

6.11

28.23

including 337.00

341.00

4.00

12.59

64.63

Total
Zone*

Au (g/t)

Ag (g/t)

*Mineralized Zone is missing 0.94m of “display core” taken in
1995 of selected parts of highest grade sections – therefore true
grade of zone is likely understated

25
HOMER LAKE BASE METAL
Key points of target
•Newly Discovered Large Untested
EM Anomaly
•Coincident Magnetic Anomaly
•High Grade Surface Showings
•High Grade Historical Drill Holes
Proximal to EM Anomaly
•High Precious Metal Values –
>200 g/t Silver, Multi-gram Gold

26
Homer Lake Base Metal

27
Moving Forward
• Data Compilation and 3D Modeling continues
• Community Liaison, Permitting ongoing – over 50 meetings with
Government, First Nations and other Stakeholders – Strong Support
for Project
• Airborne Magnetic/EM/Radiometric Survey Interpretation
Continues
• Fall Field Work – Completed September 2013 – Awaiting Assays
• Re-logging Drill Core Ongoing – Over 20,000 Meters of Drill Cores
Available
• Initial Drilling – Winter 2013/14 on Top Priority Targets
28
Summary
• Strong & Experienced Management Team
• Tight share structure with low fixed burn rate
• Highly prospective property on trend with two world
class (5 Moz +) historic gold deposits
• numerous high-grade showings and drill intercepts
• Readily accessible, close to
infrastructure within a mining city
• Extensive exploration work completed
• Drilling planned for winter 2013/14
• Ongoing news flow with minimal
expenditures
29
1 (604) 689-1749 (Vancouver)
1 (613) 843-8109 (Ottawa)
E-Mail: info@terraxminerals.com
www.terraxminerals.com
TXR :TSX-V

TX0 :Frankfurt

30

TerraX Corporate Presentation Oct 2013

  • 1.
    TXR TSX-V TX0Frankfurt NORTHBELT PROPERTY Leveraging Historic Exploration in Prolific and Accessible Yellowknife Gold Belt October 2013
  • 2.
    Forward Looking Information Thispresentation may contain “forward-looking statements” which reflect the Company’s current expectations regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content and results of work programs, geological interpretations and potential mineral discoveries, and negotiation and closing of future financings. The statements reflect the current beliefs of the management of the Company and are based on currently available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors which could cause the actual results, performance, or achievements of the Company to differ materially from those expressed in, or implied by, these statements. In addition, investors are cautioned that this presentation may contain information about mineral properties adjacent to or near the Company’s properties and in which the Company has no right or interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits, if any, which may be found on the Company’s properties. All scientific or technical information contained on this presentation has been reviewed and approved by Dr. Tom Setterfield, P.Geo., the VP Exploration of TerraX Minerals Inc., who is a "qualified person" as defined in National Instrument 43-101 of the Canadian Securities Administrators. 2
  • 3.
    Company Overview Sept 30,2013 Issued Shares 500,000 @ 650,000 @ 2,050,000 @ 360,000 @ 100,000 @ $0.10 (Apr. 30, 2014) $0.10 (Aug. 2, 2014) $0.17 (Jun. 28, 2018) $0.28 (Aug. 29, 2018) $0.61 (Sept 30, 2016) Options: 37.4 mln 3.7 mln 1,855,000 @ $0.10 (Jan. 21,2015) 3,502,243 @ $0.30 (May. 8, 2016) 62,500 @ $0.30 (May. 30,2016) Warrants: Fully Diluted Shares Basic Market Cap ($0.60/share) Held by Management: 9.6% Working Capital $0.8 million 46.5 mln ~ $23 mln 15.8% Held by Virginia Mines Inc: 5.4 mln $0.045 Dec 31, 2012 – $0.60 Oct 2013 TXR TSX-V TX0 Frankfurt 3
  • 4.
    Accomplished Management Joseph Campbell,P. Geo – President • 33 years of experience: exploration and mining on a variety of deposit types • Project Manager for 7 years on Meliadine (now Agnico Eagle) a 5 Moz gold resource in Nunavut. Taken to pre-feasibility level incl: mineable reserve, production rates & schedules, Cap Ex/Op Ex for process, mining and G&A. • Evaluated Au potential along a known Au trend in Ontario. Managed subsequent drilling, authored a NI 43-101 ore resource report on a growing 2,000,000 oz Au deposit • Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile • Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares) Dr. Thomas Setterfield, P. Geo – VP Exploration and Director • 33 years of international experience in exploration and mining including: • Ph.D from Cambridge University – Cambridge, England (1991) • Expert in IOCG, Epithermal Au and VMS deposit types • Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia • VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium 4
  • 5.
    NORTHBELT PROPERTY Acquired NorthbeltProperty Feb 2013 • Property on north boundary of Yellowknife, a City Founded on Gold Mining • 100% Owned Mine Leases – Holding Cost $17,000/year • No work commitments • Virginia Mines holds option to purchase a 2% NSR for $2 million. City of Yellowknife 5
  • 6.
    Infrastructure - IdeallySituated NORTHBELT PROPERTY City of Yellowknife 6
  • 7.
    Northbelt Property –The Right Geology • Northern Extension of the Geology Containing the Con (5.5M oz) and Giant (7.8M oz) Mines @ 11 g/t Au • Area: 36.5 Sq km • 13 km Strike Length on Main Yellowknife Gold Break • Historical reports show at least 463 holes drilled on Northbelt property CRESTAURUM • Innumerable Au Targets Including historic Crestaurum Deposit C-ZONE LYNX GBK SUPERCREST 7
  • 8.
    Excellent and AccessibleInfrastructure Bluefish Hydro Dam BLUEFISH HYDRO DAM Opened July 30th, 2013 Current Capacity 7.5Mw - Expandable POWER LINE CRESTAURUM Accessible with Infrastructure •Year Round Road Access from City of Yellowknife •8 km from Yellowknife Airport •2 km from new Blue Fish HydroElectric Dam CRESTAURUM ROAD Airport GIANT MINE 8
  • 9.
    Core From 200+Drill Holes August 2013 TerraX’s New Core Facility Core from more than 200 drill holes previously stored in the core yard at the Giant Mine site 9
  • 10.
    Finding Old DrillingCollars +250 drill hole collars found, 155 surveyed this June 10
  • 11.
    NORTHBELT PROPERTY 463 knownHistoric Drill Holes on property including: • 190 Crestaurum • 20 Barney Shear (NEBEX 1995-96) • 80 Homer Lake VMS Target 250+ Drill Collars Found including: • 123 Crestaurum • 29 Barney Shear, 20 Shear and 19 Shear • 39 Homer Lake VMS Target 200+ Core Intersections Found including: • 74 Crestaurum (1985 – Giant) • 86 NEBEX (1993-96) including Barney, 20 Shear, 19 Shear & Crestaurum Strike Extension • 30 Homer Lake VMS Target (1970’s – Giant) 11
  • 12.
    Numerous Prospective Targetsand Showings Selected Historical Drill Hole Intersections 12
  • 13.
    Summer 2013 WorkProgram Exploration Campaign – Completed in 12 Weeks of Field Work •Located High Grade Au on New and Historically Reported Zones •Located High Grade Precious Metal Rich Massive Sulphides At Homer Lake VMS •Completed Helicopter Borne Geophysics - Defined New Exploration Targets • • • Multi-kilometer magnetic signatures aligned with Au mineralization Multi-kilometer radiometric signatures aligned with Au mineralization A large untested EM anomaly proximal to historic surface trenches and drill hole intersections of high grade precious metal rich base metals (Pb, Zn, Cu) •Work on Historical Drilling • • • • • Discovered 200 drill hole cores stored at the Giant Mine Site Located drill collars for more than 250 historical drill holes – surveyed 155 holes Constructed new logging facility at Yellowknife Airport Began re-logging and re-sampling of historical drill core Preparation for winter drill program on schedule, including initial community engagement meetings and permitting 13
  • 14.
    Airborne Survey July2013 MAGNETICS EM POTASSIC RADIOMETRICS Homer Lake VMS Target Low level Helicopter Borne System •520 line KM •East-West lines 100m spacing •Two North-South tie lines 3km spacing •Completed for 1/3 cost of other Northern Surveys because of proximity to Yellowknife Airport Pinto Shear Low level Helicopter Borne System 100-200’ high (30-60 m) Crestaurum Barney 14
  • 15.
    Prospecting June 2013 Completed293 Sample Program 165 chip samples from 80 separate locations 128 grab samples. • Assay values of 49.30 g/t Au and 55.2 g/t Ag in one grab sample at Pinto • 529 g/t Ag, >20% Pb and 9.44% Zn in one grab sample from Homer Lake 15
  • 16.
    2013 Prospecting Results TrenchChip Sample 5.00m @ 1.54 g/t Au, 95.5 g/t Ag 3.13% Pb, 1.59% Zn Trench Chip Sample 1.40m @ 16.85 g/t Trench Chip Sample 3.00m @ 15.24 g/t Trench Chip Sample 5.00m @ 1.31 g/t Au, 38.4 g/t Ag 2.74% Pb, 2.42% Zn Grab Sample 0.60 g/t Au, 529 g/t Ag +20% Pb, 9.44% Zn Grab Sample 49.30 g/t Au, 55.2 g/t Ag 4.37% Pb, 2.01% Zn Trench Chip Sample 2.00m @7.15 g/t Grab Sample 12.85 g/t 16
  • 17.
  • 18.
    Crestaurum Deposit –Re-sampled Core Results Assay Intervals from Crestaurum Deposit Drill Hole DDH85-118 DDH85-121 DDH85-134 DDH85-157 DDH85-166 DDH85-167 DDH85-175 North Shoot FROM (m) TO (m) Width (m) 91.13 98.00 6.87 98.00 100.00 2.00 99.00 102.00 3.00 146.00 148.00 2.00 126.00 132.00 6.00 96.00 101.00 5.00 143.00 145.00 2.00 Au g/t 13.07 5.92 13.45 67.69 11.96 5.47 10.46 Drill Hole DDH85-150 DDH85-151 North-Ext Shoot FROM (m) TO (m) Width (m) 53.00 48.00 5.00 86.00 88.00 2.00 Au g/t 62.90 6.55 Drill Hole DDH85-177 DDH85-181 DDH85-187 Central Shoot FROM (m) TO (m) Width (m) 57.00 59.00 2.00 67.00 70.00 3.00 81.00 86.00 5.00 Au g/t 10.04 12.79 20.66 Drill Hole DDH85-173 DDH85-174 South Shoot FROM (m) TO (m) Width (m) 54.00 59.00 5.00 61.00 66.00 5.00 Au g/t 12.43 8.03 18
  • 19.
    Crestaurum Zone -Vein 1 187 DDH Slide 20 85-187 85-118 85-150 Slide 21 North Ext Ore Shoot 85-174 0m South Ore Shoot Central Ore Shoot LONGITUDAL SECTION 100m 200m 400m North Ore Shoot DDH85-150 North Ext Ore Shoot DDH85-118 North Ore Shoot • 123 Crestaurum drill collars located and surveyed to cm accuracy – June-July 2013 • Core from 74 Crestaurum drill holes found, re-logged, re-sampled Central Ore Shoot 85-187 PLAN MAP 0m 100m 200m 400m South Ore Shoot 85-174 19
  • 20.
    Crestaurum Deposit –South Shoot Trench Chip Sample – June 2013 3.00m @ 15.24 g/t CRESTAURUM TRENCH SAMPLING CRESTAURUM TRENCH SAMPLING DDH85-174 – September 2013 5.00m @ 12.43 g/t 20
  • 21.
    Crestaurum Deposit –North Extension Shoot DDH85-150 – September 2013 5.00m @ 62.90 g/t DDH85-148 – September 2013 5.00m @ 4.43 g/t DDH85-151 – September 2013 3.00m @ 4.59 g/t 21
  • 22.
    Crestaurum Historical Metallurgy 1985Program: 44 samples of drill core rejects from 7 drill holes – we have re-sampled all 7 holes and verified the grades Composite A •Drill grade of 0.357 oz/ton (cut to 1 oz/t as per resource estimate) •Drill grade un-cut 0.627 oz/ton •Calculated metallurgical head grade 0.72 oz/ton Composite B •Drill grade of 0.297 oz/ton (cut to 1 oz/t as per resource estimate) •Drill grade un-cut 0.397 oz/ton •Calculated metallurgical head grade 0.454 oz/ton Findings (Quoted from Report*) Using Direct Cyanide (Free Milling Method) “Both composites were determined to be free milling and best suited for a straight cyanidation process…expected to yield recoveries in the order of 95%.” Using Refractory Recovery Method (Roasting) – The process used at Giant Mine “Very low recoveries of about 44-62% were obtained…an alternative method of processing would be necessary.” *Source: F.A. Perrino, Summary Report of Exploration Activities, Yellowknife Belt, Including Northbelt Yellowknife Mines Ltd., 1985 too 1988, September 1988 22
  • 23.
    BARNEY SHEAR TARGET ProspectiveNew Exploration Target • Delineated over strike length of 4.5 km (historic) • Drill tested to over 600m strike length (historic) • Followed on surface over an additional 700m north of drilling • Surface Mapping in June 2013 Indicates Barney Shear Zone Consists of Multiple Mineralized Shears over +200m across strike width 23
  • 24.
    Milner Lake/ BarneyShear Area 24
  • 25.
    Barney Shear Zone NB95-16Assay Results From (m) To (m) Interval (m) 334.06 362.38 28.32 2.94 13.11 including 337.00 357.86 20.86 3.79 17.13 including 337.00 348.00 11.00 6.11 28.23 including 337.00 341.00 4.00 12.59 64.63 Total Zone* Au (g/t) Ag (g/t) *Mineralized Zone is missing 0.94m of “display core” taken in 1995 of selected parts of highest grade sections – therefore true grade of zone is likely understated 25
  • 26.
    HOMER LAKE BASEMETAL Key points of target •Newly Discovered Large Untested EM Anomaly •Coincident Magnetic Anomaly •High Grade Surface Showings •High Grade Historical Drill Holes Proximal to EM Anomaly •High Precious Metal Values – >200 g/t Silver, Multi-gram Gold 26
  • 27.
  • 28.
    Moving Forward • DataCompilation and 3D Modeling continues • Community Liaison, Permitting ongoing – over 50 meetings with Government, First Nations and other Stakeholders – Strong Support for Project • Airborne Magnetic/EM/Radiometric Survey Interpretation Continues • Fall Field Work – Completed September 2013 – Awaiting Assays • Re-logging Drill Core Ongoing – Over 20,000 Meters of Drill Cores Available • Initial Drilling – Winter 2013/14 on Top Priority Targets 28
  • 29.
    Summary • Strong &Experienced Management Team • Tight share structure with low fixed burn rate • Highly prospective property on trend with two world class (5 Moz +) historic gold deposits • numerous high-grade showings and drill intercepts • Readily accessible, close to infrastructure within a mining city • Extensive exploration work completed • Drilling planned for winter 2013/14 • Ongoing news flow with minimal expenditures 29
  • 30.
    1 (604) 689-1749(Vancouver) 1 (613) 843-8109 (Ottawa) E-Mail: info@terraxminerals.com www.terraxminerals.com TXR :TSX-V TX0 :Frankfurt 30