TerraX encounters anomalous gold during drilling at Pettigrew Northeast target on Sunbeam-Pettigrew Property, Atikokan, Ontario.

TerraX Minerals Inc. (TSX.V: TXR; Frankfurt: TX0) has received the results from the recent core drilling conducted at the Pettigrew Northeast target on its Sunbeam-Pettigrew property near Atikokan, Ontario. The Pettigrew Northeast target is one of at least eight target areas identified on the Sunbeam-Pettigrew project, where sampling in 2009 identified mineralization over a strike length of nine kilometres and grab samples returned assays up to 16.2 g/t Au. The Sunbeam-Pettigrew property encompasses 66 square kilometres and is located within 17 kilometres of Brett Resources’ (TSX-V: BBR) Hammond Reef gold deposit in a similar geological environment within the Marmion Batholith.

The initial Phase 1 drill program at Sunbeam-Pettigrew comprised five holes totaling 661 metres drilled at the Pettigrew Northeast target to test a coincident chargeability/resistivity anomaly identified during TerraX’s induced polarization (“IP”) survey conducted earlier this year. In 2009, TerraX discovered two new showings along this trend, one of which ran up to 5.9 g/t Au and one of which ran up to 10.2 g/t Au. Drill holes consistently encountered weak to moderate silicification, with variable chloritization and sericitization. All holes had minor amounts of pyrite, and the first two had trace pyrrhotite and chalcopyrite. Only hole 5 had significant amounts of anomalous gold, with four non-contiguous intervals of >1 metre each containing > 100 ppb Au.

TerraX is encouraged by the alteration and sulphides encountered in the Pettigrew Northeast holes as well as the anomalous gold values. The experience of Brett Resources in similar alteration systems is that the width and continuity of the gold mineralization improves with depth. TerraX plans to continue further surface work at Pettigrew Northeast as well as the other target areas at Sunbeam-Pettigrew prior to the next phase of drilling, scheduled for this fall.

For more information on the three properties that TerraX is exploring in the Atikokan area this field season, please visit the company’s website at www.terraxminerals.com.