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TerraX to continue exploration of Yellowknife City's Homer Lake after positive drilling results

said May 4 that asix-hole, 1,147-meter drill program at its Yellowknife City gold project in Canada's Northwest Territoriesyielded positive results.

Two drill holestested a north-striking quartz vein and sulfide gold zone at the Homer Lake area.Results included an interval of 15.91 meters grading 1.78 g/t of gold and 14.9 g/tof silver, including 2.70 meters grading 5.51 g/t of gold and 53.6 g/t of silver.

These intersectionssupport the company's decision to conduct more exploration along the gold-bearingstructures.

Meanwhile, fourholes focused on the northeast-striking Homer Lake base metal mineralization identifiedin 2014. Assays included 4.0 meters grading 0.53 g/t of gold, 57.1 g/t of silver,3.82% lead and 4.63% zinc.