TXR TSX-V TX0 Frankfurt TRXXF OTC
YELLOWKNIFE
CITY GOLD
PROJECT
Advancing the
Last
High-Grade Gold Camp
in Canada
June 27, 2016
Cautionary Statement 1
2
3
Cautionary Statement 2
GEOLOGY - Covers 23 km of strike (118 km2) on one of the major high-grade gold camps in Canada – and the
least explored.
LOCATION - “In the shadow of the head frame” immediately north and south of the world-class Giant and
Con Gold Mines - 14.2 Moz Gold1 produced over 60 years @ average grade of 16 g/t Au1
ACCESSIBLE - Road access to city of Yellowknife (5 km to south), supply centre for NWT exploration; new
(2013) hydro-power dam on property; 8 km from commercial airport; skilled trades people and local support
EXCELLENT ENDOWMENT - Multiple gold-bearing structures:
- Mispickel – new discovery winter 2016 drilling 8.00m @ 60.602 g/t Au and 7.30m @ 23.60 g/t Au33
- Barney Shear (extension of shear that hosted Con and Giant) - TerraX drills 22.4 m @ 6.35 g/t Au4
- Crestaurum – drill intercept of 5.0 m @ 62.9 g/t Au5
- Shear 20 – drill intercept of 21 m at 2.97 g/t Au6
- Hebert-Brent – new discovery summer 2015 - surface channel sampling of 11.0m @ 7.55 g/t Au7
- Sam Otto – 2016 drill intercepts of 49.70m @ 1.00 g/t Au8 and 30.70m @ 1.33 g/t Au8
FUNDED & ACTIVE
- June 2015 - $5.2M raised in placements and sale of option on 1% NSR to Osisko Gold Royalties for $1M
- May 2016 - $3.2M raised in placements
- Fully funded for multiple drill programs in 2016 and 2017.
SECURE LAND HOLDINGS – Northwest Territories, Canada
- 100% ownership; majority of property is mineral leases, with no work commitments or property payments
ATTRACTIVE SHARE STRUCTURE – 77.8M shares issued
- 13.5% ownership by management and staff
- 14.5% acquired for cash in private placements by Osisko Gold Royalties (TSX: OR)
EXPERIENCED MANAGEMENT - Exploration, resource definition, mine planning and operations 4
Investment Highlights
Company Overview
Issued Shares: 77.8 mln
Options: Total : 6.1 mln
1,860,000 @
395,000 @
100,000 @
295,000 @
1,050,000 @
500,000 @
750,000 @
175,000 @
790,000 @
250,000 @
$0.17 (Jun. 28, 2018)
$0.35 (Dec 24, 2017)
$0.61 (Sept 30, 2016)
$0.45 (Dec 23, 2016)
$0.35 (Mar 14, 2019)
$0.61 (May 5, 2019)
$0.38 (Mar 26, 2018)
$0.31 (July 22, 2018)
$0.25 (Sept 1 2017)
$0.32 (Feb 11, 2018)
Warrants: Total: 10.8 mln
1,236,462 @
750,000 @
650,000 @
4,018,738 @
946,136 @
3,017,500 @
151,380 @
$0.50 (Dec 20, 2016)
$0.51 (Feb 12, 2017)
$0.57 (Feb 28, 2017)
$0.50 (Sept 30, 2017)
$0.55 (June 5, 2018)
$0.50 (May 6, 2019)
$0.40 (May 6, 2018)
Fully Diluted Shares: 94.7 mln
Basic Market Cap (C$0.41/share) $31.9 mln
Held by Management: 13.5%
Held by Osisko Gold Royalties: 14.5%
Working Capital $4.9 Million
TXR TSX-V
TRXXF OTC Pink
TX0 Frankfurt
June 24 2016
5
Joseph Campbell, P. Geo – President, CEO and Director
• 36 years of experience, including Exploration and Mine Development, open pit & underground
• Project Manager for 7 years from discovery to pre-feasibility - Meliadine gold project, Nunavut
⁻ Introduced Meliadine to Agnico Eagle (AEM) in 2007; wrote Endowment Study for AEM
⁻ Completed pre-feasibility level scoping study in 2008 with AEM engineers in Val D’Or;
⁻ AEM acquired ≈9% of Comaplex ($46.9M in cash) in 2008;
⁻ AEM acquired balance of Comaplex for $650 Million in shares in 2010;
⁻ One of Agnico Eagle’s largest projects in terms of reserves and resources:
P&P Reserve of 3.3 Moz @ 7.44 g/t Au with Indicated Resource of 3.3 Moz @ 5.06 g/t Au
⁻ Agnico’s “fastest growing project with multiple high-grade zones”:
Inferred resource at 3.5 Moz @7.65 g/t Au
Dr. Thomas Setterfield, P. Geo – VP Exploration and Director
• 36 years of international experience: Ph.D in Geology from Cambridge University (1991)
• Expert in IOCG, Epithermal Au and VMS deposit types
Stuart Rogers, CFO and Director
• 25+ years as director and senior officer of public companies on TSX-V, TSX and NASDAQ
Paul Reynolds, P. Geo – Director
• 28 years of experience in resource exploration and public company management
Elif Lévesque, CPA, CGA, MBA – Director
• Chief Financial Officer and VP Finance for Osisko Gold Royalties since June 2014
• 13 years of experience in finance, treasury and strategic management in the mining industry
Accomplished Management
6
Yellowknife - One of Six High Grade Gold Camps in Canada
More Than
300M* Oz Gold
have been mined
from Archean
Gold deposits in
Canada, with the
vast majority
from High Grade
Gold Camps
Yellowknife is
the most
northerly and
least explored of
these camps
* Gold Ounces in Camps include known historical production, reserves and drill indicated resources from public
records. Totals should be considered approximate with an error range sufficient for comparison purposes. Other
large Archean gold areas include Detour/Sunday Lake; Rice Lake; Chibougamau; Meliadine; and Meadowbank
7
Geology of the YCG property
Ideally Located for Discovery
• YCG is 1182 km and 23 km strike
length covering the extension of the
Geology Containing the Con and
Giant Mines – Past Production
Includes:
o Con Mine
1938 to 2003
6.1 million oz @ 16.1g/t Au1
o Giant Mine
1945 to 2004
8.1 million oz @ 16.0g/t Au1
• YCG properties cover the most
prospective geology of this belt
• Unique Situation for a Junior Mining
Company to Control a Major Gold
Camp in Canada
8
• Year Round Access from Yellowknife
• 8 km by road to Yellowknife Airport -
site of TerraX core facility
• Blue Fish Hydro Dam on Property –
expandable for Mine Development
• Skilled available workforce
• Local service providers
Unmatched Accessibility
Excellent Infrastructure
• Population - 20,000
• Founded on 2 Gold Mines
• Transportation hub for NWT
• Highway Access to the Rest of
Canada
• Daily jet service to major cities
City of Yellowknife:
9
TerraX Core Facility
0 52.5
kilometers
THE ‘CORE GOLD AREAS’
Concentrating our exploration efforts
• Based on Surface work and drilling up
to 2016 TerraX has defined a 10 x 4 km
‘Core Gold Area’ of mineralization
o The Core Gold Area is contained
within a major flexure of the main
Yellowknife Gold Camp Shear Zone
o To date TerraX has discovered
within the Core Gold Area:
Mispickel
Sam Otto
Barney
Hebert-Brent
20 Shear and
Crestaurum
• Taken collectively we believe the shears
and veins could be indicative of gold-
bearing vein sets common to large
mineralized systems
0 2.5 5
kilometers
10
RESULTS OF 2016
WINTER DRILLING
11
UPGRADE
CURRENT
ICE ROAD
EXTENDED
ICE ROAD &
TRAILS
• Mispickel - 6.0m @ 7.29 g/t Au
9
in chip sampling
on surface; 8.00m @ 60.60 g/t Au
2
, 7.30m @ 23.60
g/t Au
3
, & 8.60m @ 12.87 g/t Au
3
in 2016 drilling
• Sam Otto - 49.70m @ 1.00 g/t Au incl. 10.35m @
2.54 g/t Au
8
& 30.70m @ 1.33 g/t incl. 15.00m @
2.02 g/t Au
8
• Barney - Structure with gold mineralization at
>500m vertical depth; re-interpretation that high grade
lodes are on shear flexures; 5.34m @ 3.09 g/t Au
2
in
porphyry
• Hebert-Brent – Initial Discovery of Replacement
Style Gold Mineralization; template for exploration of
deposit type, 7.10m @ 3.61 g/t Au10
and 8.00m @
3.21 g/t Au10
• Homer Lake - Discovery of new gold Zone -
15.91m @ 1.78 g/t Au incl. 2.70m @ 5.51 g/t Au11
&
18.19m @ 1.20 g/t incl. 5.59m @ 3.31 g/t Au
11
, gold
structure traced in geophysics and LiDAR for
approximately 5 km
• AES - All holes intersected gold hosted in quartz
veins (up to 2.98 g/t Au2
) within 5km shear extending
from Giant property where mining occurred
• Pinto and VSB - no significant assay results
MISPICKEL
SAM OTTO
HEBERT-BRENT
BARNEY
PINTO
HOMER
AES
VSB
MISPICKEL DISCOVERY
Winter 2016 – X-Section A-A’
12
A’A
Looking South
6.0 m @ 7.29 g/t Au19
u19
A A’
3
2
93
Magnetic Survey
Area – Summer
2016
WALSH LAKE 2016
MAGNETIC SURVEY
• Winter 2016 Ground Magnetic survey
completed on Lake portions of Walsh Lake
Property
o Defined high magnetic trend
associated with the Mispickel gold zone
for 5 kilometers
o Survey was completed in time to assist
in location of 2nd phase of Mispickel
drilling
• Summer 2016 Magnetic survey completed
on land sections
o approximately 200 line km completed
to date
o includes coverage of the Sam Otto gold
zone, and other trends parallel to
Mispickel
13
MISPICKEL
SAM OTTO
20 1
kilometers
SUMMER 2016
MAGNETIC
SURVEY AREA
14
SAM OTTO ZONE8
WINTER 2016 DRILLING
100 meters
15
Major Findings – reinterpreted
2014 and 2015 drilling
• Gold grade in Barney Shear
Zone increases at shear dip
flexures
• The high grade Barney Zone
occurs on a ‘ledge’ in the
steeply dipping Barney Shear
• Positions of historical drilling,
particularly NB96-09 on this
section, may need corrected
positions
• High grade ledge has now
been interpreted over +300
meters of strike
• Targeting for more ‘ledges’ in
Winter 2017 drilling
100 meters
12
13
4
4
16
Replacement Style Targets - Sericite Zone Alteration
5 TIMES LARGER
ON SURFACE
THAN
HEBERT-BRENT
ZONE
17
18
Crestaurum Zone – 2014/15 Drill Programs
South Ore
Shoot
Central
Ore Shoot
North Ore
Shoot
North Ext
Ore Shoot
• 2014 Program to twin 1945-47 drilling and in-fill drilling on
known high grade shoots
• Twin Drill Holes incl. TNB14-011 10.02m @ 4.17 g/t Au15
• In-fill Drill Holes incl. TNB14-019 2.85m @ 33.60 g/t Au16
• 2015 Drill Programs
• SOUTH SHOOT
o TCR15-003 7.00m @ 10.23 g/t Au17
o TCR15-068 4.21m @ 12.4919
o TCR15-052 10.80m @ 3.49 g/t Au19
100m 200m 400m0m
BLOCK MODEL
GRADES
LEGEND
Areas of 2014
Drill Holes
Areas of 2015
Drill Holes
• 2015 Drill Programs
• TCR15-025 8.86m @ 2.86
g/t Au, incl. 2.00m @
10.24 g/t Au18 - 400m
strike extension
19
FULLY FUNDED
• Approximately $4.9M in working capital
o $3.2M raised in private placements in May 2016 for 2017 exploration
• $120,000 received from GNWT for 2016 exploration under Mineral Incentive Program
Exploration Activities for Remainder of 2016
• Extensive surface exploration – Summer/Fall 2016
o Mapping Prospecting – Replacement Style Deposits; Southbelt; Walsh Lake
Mispickel/Sam Otto targets
o Expanded Ground Magnetic Survey along the Mispickel structure – half completed
o Ground IP on prospective replacement targets
• Airborne LiDAR and Radiometric survey on Southbelt – Surveys are completed - June 2016
• Summer/Fall drill program - approximately 5000 meters planned
o Mispickel expansion
o Advanced Replacement Style targets
o Other Targets of opportunity
• Drill permit application for Southbelt drilling in Winter 2017
SUMMER 2015
ROAD TO CRESTAURUM
WINTER DRILL SITE
FEBRUARY 2016
MISPICKEL
20
1 (604) 689-1749 (Vancouver)
1 (613) 843-8109 (Ottawa)
E-Mail: info@terraxminerals.com
www.terraxminerals.com
TXR TSX-V TRXXFOTC
REPAIRS ON CRESTAURUM ROAD
JUNE 2015
21
Appendix I - References for Assay Values
Within this Presentation
1. Slides 4, 8 - Con Production from Extech III Field Guide, 2002, The Yellowknife Mining Camp Over 60 Years of Mining,
editor Hendrick Falck, Section - Miramar Con Mine, pg 80, table 1;
and
Slides 4, 8 - Giant Production from James P. Siddorn, PhD thesis, The Giant-Con Gold Deposit: A Once Linked Archean
Lode-Gold System, Chapter 2 – Siddorn, J. P., Cruden, A. R.; Early Gold Mineralization Versus Late Overprinting in a
Structurally Complex Gold Deposit: The Giant Gold Deposit, Yellowknife Canada, pg 13
2. Slide 4, 11, 12 News Release June 6, 2016
3. Slides 4, 11, 12 News Release February 23, 2016
4. Slides 4, 15 News Release August 25, 2014
5. Slide 4 News Release October 2, 2013
6. Slide 4 News Release October 16, 2013
7. Slide 4 News Release August 11, 2015
8. Slide 4, 11, 14 News Release April 13, 2016
9. Slide 11, 12 News Release October 30, 2013
10. Slide 11 News Release May 19, 2016
11. Slide 11 News Release May 4, 2016
12. Slide 15 News Release August 14, 2014
13. Slide 15 News Release May 13, 2015
14. Slide 16 News Release October 28, 2015
15. Slide 18 News Release June 2, 2014
16. Slide 18 News Release September 15, 2014
17. Slide 18 News Release Feb 26, 2015
18. Slide 18 News Release April 1, 2015
19. Slide 18 News Release December 8, 2015

TerraX Minerals

  • 1.
    TXR TSX-V TX0Frankfurt TRXXF OTC YELLOWKNIFE CITY GOLD PROJECT Advancing the Last High-Grade Gold Camp in Canada June 27, 2016
  • 2.
  • 3.
  • 4.
    GEOLOGY - Covers23 km of strike (118 km2) on one of the major high-grade gold camps in Canada – and the least explored. LOCATION - “In the shadow of the head frame” immediately north and south of the world-class Giant and Con Gold Mines - 14.2 Moz Gold1 produced over 60 years @ average grade of 16 g/t Au1 ACCESSIBLE - Road access to city of Yellowknife (5 km to south), supply centre for NWT exploration; new (2013) hydro-power dam on property; 8 km from commercial airport; skilled trades people and local support EXCELLENT ENDOWMENT - Multiple gold-bearing structures: - Mispickel – new discovery winter 2016 drilling 8.00m @ 60.602 g/t Au and 7.30m @ 23.60 g/t Au33 - Barney Shear (extension of shear that hosted Con and Giant) - TerraX drills 22.4 m @ 6.35 g/t Au4 - Crestaurum – drill intercept of 5.0 m @ 62.9 g/t Au5 - Shear 20 – drill intercept of 21 m at 2.97 g/t Au6 - Hebert-Brent – new discovery summer 2015 - surface channel sampling of 11.0m @ 7.55 g/t Au7 - Sam Otto – 2016 drill intercepts of 49.70m @ 1.00 g/t Au8 and 30.70m @ 1.33 g/t Au8 FUNDED & ACTIVE - June 2015 - $5.2M raised in placements and sale of option on 1% NSR to Osisko Gold Royalties for $1M - May 2016 - $3.2M raised in placements - Fully funded for multiple drill programs in 2016 and 2017. SECURE LAND HOLDINGS – Northwest Territories, Canada - 100% ownership; majority of property is mineral leases, with no work commitments or property payments ATTRACTIVE SHARE STRUCTURE – 77.8M shares issued - 13.5% ownership by management and staff - 14.5% acquired for cash in private placements by Osisko Gold Royalties (TSX: OR) EXPERIENCED MANAGEMENT - Exploration, resource definition, mine planning and operations 4 Investment Highlights
  • 5.
    Company Overview Issued Shares:77.8 mln Options: Total : 6.1 mln 1,860,000 @ 395,000 @ 100,000 @ 295,000 @ 1,050,000 @ 500,000 @ 750,000 @ 175,000 @ 790,000 @ 250,000 @ $0.17 (Jun. 28, 2018) $0.35 (Dec 24, 2017) $0.61 (Sept 30, 2016) $0.45 (Dec 23, 2016) $0.35 (Mar 14, 2019) $0.61 (May 5, 2019) $0.38 (Mar 26, 2018) $0.31 (July 22, 2018) $0.25 (Sept 1 2017) $0.32 (Feb 11, 2018) Warrants: Total: 10.8 mln 1,236,462 @ 750,000 @ 650,000 @ 4,018,738 @ 946,136 @ 3,017,500 @ 151,380 @ $0.50 (Dec 20, 2016) $0.51 (Feb 12, 2017) $0.57 (Feb 28, 2017) $0.50 (Sept 30, 2017) $0.55 (June 5, 2018) $0.50 (May 6, 2019) $0.40 (May 6, 2018) Fully Diluted Shares: 94.7 mln Basic Market Cap (C$0.41/share) $31.9 mln Held by Management: 13.5% Held by Osisko Gold Royalties: 14.5% Working Capital $4.9 Million TXR TSX-V TRXXF OTC Pink TX0 Frankfurt June 24 2016 5
  • 6.
    Joseph Campbell, P.Geo – President, CEO and Director • 36 years of experience, including Exploration and Mine Development, open pit & underground • Project Manager for 7 years from discovery to pre-feasibility - Meliadine gold project, Nunavut ⁻ Introduced Meliadine to Agnico Eagle (AEM) in 2007; wrote Endowment Study for AEM ⁻ Completed pre-feasibility level scoping study in 2008 with AEM engineers in Val D’Or; ⁻ AEM acquired ≈9% of Comaplex ($46.9M in cash) in 2008; ⁻ AEM acquired balance of Comaplex for $650 Million in shares in 2010; ⁻ One of Agnico Eagle’s largest projects in terms of reserves and resources: P&P Reserve of 3.3 Moz @ 7.44 g/t Au with Indicated Resource of 3.3 Moz @ 5.06 g/t Au ⁻ Agnico’s “fastest growing project with multiple high-grade zones”: Inferred resource at 3.5 Moz @7.65 g/t Au Dr. Thomas Setterfield, P. Geo – VP Exploration and Director • 36 years of international experience: Ph.D in Geology from Cambridge University (1991) • Expert in IOCG, Epithermal Au and VMS deposit types Stuart Rogers, CFO and Director • 25+ years as director and senior officer of public companies on TSX-V, TSX and NASDAQ Paul Reynolds, P. Geo – Director • 28 years of experience in resource exploration and public company management Elif Lévesque, CPA, CGA, MBA – Director • Chief Financial Officer and VP Finance for Osisko Gold Royalties since June 2014 • 13 years of experience in finance, treasury and strategic management in the mining industry Accomplished Management 6
  • 7.
    Yellowknife - Oneof Six High Grade Gold Camps in Canada More Than 300M* Oz Gold have been mined from Archean Gold deposits in Canada, with the vast majority from High Grade Gold Camps Yellowknife is the most northerly and least explored of these camps * Gold Ounces in Camps include known historical production, reserves and drill indicated resources from public records. Totals should be considered approximate with an error range sufficient for comparison purposes. Other large Archean gold areas include Detour/Sunday Lake; Rice Lake; Chibougamau; Meliadine; and Meadowbank 7
  • 8.
    Geology of theYCG property Ideally Located for Discovery • YCG is 1182 km and 23 km strike length covering the extension of the Geology Containing the Con and Giant Mines – Past Production Includes: o Con Mine 1938 to 2003 6.1 million oz @ 16.1g/t Au1 o Giant Mine 1945 to 2004 8.1 million oz @ 16.0g/t Au1 • YCG properties cover the most prospective geology of this belt • Unique Situation for a Junior Mining Company to Control a Major Gold Camp in Canada 8
  • 9.
    • Year RoundAccess from Yellowknife • 8 km by road to Yellowknife Airport - site of TerraX core facility • Blue Fish Hydro Dam on Property – expandable for Mine Development • Skilled available workforce • Local service providers Unmatched Accessibility Excellent Infrastructure • Population - 20,000 • Founded on 2 Gold Mines • Transportation hub for NWT • Highway Access to the Rest of Canada • Daily jet service to major cities City of Yellowknife: 9 TerraX Core Facility 0 52.5 kilometers
  • 10.
    THE ‘CORE GOLDAREAS’ Concentrating our exploration efforts • Based on Surface work and drilling up to 2016 TerraX has defined a 10 x 4 km ‘Core Gold Area’ of mineralization o The Core Gold Area is contained within a major flexure of the main Yellowknife Gold Camp Shear Zone o To date TerraX has discovered within the Core Gold Area: Mispickel Sam Otto Barney Hebert-Brent 20 Shear and Crestaurum • Taken collectively we believe the shears and veins could be indicative of gold- bearing vein sets common to large mineralized systems 0 2.5 5 kilometers 10
  • 11.
    RESULTS OF 2016 WINTERDRILLING 11 UPGRADE CURRENT ICE ROAD EXTENDED ICE ROAD & TRAILS • Mispickel - 6.0m @ 7.29 g/t Au 9 in chip sampling on surface; 8.00m @ 60.60 g/t Au 2 , 7.30m @ 23.60 g/t Au 3 , & 8.60m @ 12.87 g/t Au 3 in 2016 drilling • Sam Otto - 49.70m @ 1.00 g/t Au incl. 10.35m @ 2.54 g/t Au 8 & 30.70m @ 1.33 g/t incl. 15.00m @ 2.02 g/t Au 8 • Barney - Structure with gold mineralization at >500m vertical depth; re-interpretation that high grade lodes are on shear flexures; 5.34m @ 3.09 g/t Au 2 in porphyry • Hebert-Brent – Initial Discovery of Replacement Style Gold Mineralization; template for exploration of deposit type, 7.10m @ 3.61 g/t Au10 and 8.00m @ 3.21 g/t Au10 • Homer Lake - Discovery of new gold Zone - 15.91m @ 1.78 g/t Au incl. 2.70m @ 5.51 g/t Au11 & 18.19m @ 1.20 g/t incl. 5.59m @ 3.31 g/t Au 11 , gold structure traced in geophysics and LiDAR for approximately 5 km • AES - All holes intersected gold hosted in quartz veins (up to 2.98 g/t Au2 ) within 5km shear extending from Giant property where mining occurred • Pinto and VSB - no significant assay results MISPICKEL SAM OTTO HEBERT-BRENT BARNEY PINTO HOMER AES VSB
  • 12.
    MISPICKEL DISCOVERY Winter 2016– X-Section A-A’ 12 A’A Looking South 6.0 m @ 7.29 g/t Au19 u19 A A’ 3 2 93 Magnetic Survey Area – Summer 2016
  • 13.
    WALSH LAKE 2016 MAGNETICSURVEY • Winter 2016 Ground Magnetic survey completed on Lake portions of Walsh Lake Property o Defined high magnetic trend associated with the Mispickel gold zone for 5 kilometers o Survey was completed in time to assist in location of 2nd phase of Mispickel drilling • Summer 2016 Magnetic survey completed on land sections o approximately 200 line km completed to date o includes coverage of the Sam Otto gold zone, and other trends parallel to Mispickel 13 MISPICKEL SAM OTTO 20 1 kilometers SUMMER 2016 MAGNETIC SURVEY AREA
  • 14.
    14 SAM OTTO ZONE8 WINTER2016 DRILLING 100 meters
  • 15.
    15 Major Findings –reinterpreted 2014 and 2015 drilling • Gold grade in Barney Shear Zone increases at shear dip flexures • The high grade Barney Zone occurs on a ‘ledge’ in the steeply dipping Barney Shear • Positions of historical drilling, particularly NB96-09 on this section, may need corrected positions • High grade ledge has now been interpreted over +300 meters of strike • Targeting for more ‘ledges’ in Winter 2017 drilling 100 meters 12 13 4 4
  • 16.
  • 17.
    Replacement Style Targets- Sericite Zone Alteration 5 TIMES LARGER ON SURFACE THAN HEBERT-BRENT ZONE 17
  • 18.
    18 Crestaurum Zone –2014/15 Drill Programs South Ore Shoot Central Ore Shoot North Ore Shoot North Ext Ore Shoot • 2014 Program to twin 1945-47 drilling and in-fill drilling on known high grade shoots • Twin Drill Holes incl. TNB14-011 10.02m @ 4.17 g/t Au15 • In-fill Drill Holes incl. TNB14-019 2.85m @ 33.60 g/t Au16 • 2015 Drill Programs • SOUTH SHOOT o TCR15-003 7.00m @ 10.23 g/t Au17 o TCR15-068 4.21m @ 12.4919 o TCR15-052 10.80m @ 3.49 g/t Au19 100m 200m 400m0m BLOCK MODEL GRADES LEGEND Areas of 2014 Drill Holes Areas of 2015 Drill Holes • 2015 Drill Programs • TCR15-025 8.86m @ 2.86 g/t Au, incl. 2.00m @ 10.24 g/t Au18 - 400m strike extension
  • 19.
    19 FULLY FUNDED • Approximately$4.9M in working capital o $3.2M raised in private placements in May 2016 for 2017 exploration • $120,000 received from GNWT for 2016 exploration under Mineral Incentive Program Exploration Activities for Remainder of 2016 • Extensive surface exploration – Summer/Fall 2016 o Mapping Prospecting – Replacement Style Deposits; Southbelt; Walsh Lake Mispickel/Sam Otto targets o Expanded Ground Magnetic Survey along the Mispickel structure – half completed o Ground IP on prospective replacement targets • Airborne LiDAR and Radiometric survey on Southbelt – Surveys are completed - June 2016 • Summer/Fall drill program - approximately 5000 meters planned o Mispickel expansion o Advanced Replacement Style targets o Other Targets of opportunity • Drill permit application for Southbelt drilling in Winter 2017
  • 20.
    SUMMER 2015 ROAD TOCRESTAURUM WINTER DRILL SITE FEBRUARY 2016 MISPICKEL 20 1 (604) 689-1749 (Vancouver) 1 (613) 843-8109 (Ottawa) E-Mail: info@terraxminerals.com www.terraxminerals.com TXR TSX-V TRXXFOTC REPAIRS ON CRESTAURUM ROAD JUNE 2015
  • 21.
    21 Appendix I -References for Assay Values Within this Presentation 1. Slides 4, 8 - Con Production from Extech III Field Guide, 2002, The Yellowknife Mining Camp Over 60 Years of Mining, editor Hendrick Falck, Section - Miramar Con Mine, pg 80, table 1; and Slides 4, 8 - Giant Production from James P. Siddorn, PhD thesis, The Giant-Con Gold Deposit: A Once Linked Archean Lode-Gold System, Chapter 2 – Siddorn, J. P., Cruden, A. R.; Early Gold Mineralization Versus Late Overprinting in a Structurally Complex Gold Deposit: The Giant Gold Deposit, Yellowknife Canada, pg 13 2. Slide 4, 11, 12 News Release June 6, 2016 3. Slides 4, 11, 12 News Release February 23, 2016 4. Slides 4, 15 News Release August 25, 2014 5. Slide 4 News Release October 2, 2013 6. Slide 4 News Release October 16, 2013 7. Slide 4 News Release August 11, 2015 8. Slide 4, 11, 14 News Release April 13, 2016 9. Slide 11, 12 News Release October 30, 2013 10. Slide 11 News Release May 19, 2016 11. Slide 11 News Release May 4, 2016 12. Slide 15 News Release August 14, 2014 13. Slide 15 News Release May 13, 2015 14. Slide 16 News Release October 28, 2015 15. Slide 18 News Release June 2, 2014 16. Slide 18 News Release September 15, 2014 17. Slide 18 News Release Feb 26, 2015 18. Slide 18 News Release April 1, 2015 19. Slide 18 News Release December 8, 2015