TerraX Minerals Inc. has identified a mineralized zone at Homer Lake with a "strike length" of two kilometres.
The long length could spell big yields for the mining corporation, stated a news release Tuesday.
The company announced high-grade surface samplings were taken from the Homer Lake Gold structure on their Northbelt property, one of eight high-grade "target areas" determined through mapping and prospecting in 2017.
The mineralization discovered in Yellowknife City Gold, a 440 square kilomotres area of land north, south and east of Yellowknife, is described in the release as "pervasive," and has been found in all rock types including granite and quartz veins.
Joe Campbell, CEO of TerraX stated, "Our 2017 field exploration program has greatly expanded the mineralized zones at Homer Lake, providing us with yet another opportunity for high grade discoveries on the Yellowknife City Gold property during our upcoming drilling programs in early 2018."
The finding marks the completion of TerraX's summer field exploration, stated the release.