Triumph Gold Commences a Landmark Drill Program on the Freegold Mountain Property, Yukon, Testing Beneath the Gold Rich Blue ...
June 18 2019 - 8:00AM
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF)
(“
Triumph Gold” or the “
Company”)
is pleased to announce that a powerful drill capable of reaching
depths of 2,000 metres has been mobilized onto the company’s 100%
owned, road accessible, Freegold Mountain Property in the Yukon
Territory. Phase I drilling will comprise a minimum of 5,000 metres
in five holes that target high grade, gold rich, copper gold
porphyry style mineralization intersected during the 2018 drill
program.
Highlights of the program
include:
- Testing the down dip extension of
high grade, gold rich, porphyry style mineralization in the Blue
Sky Zone to a depth of approximately 1,600 metres.
- Testing the down dip extension of
high grade, gold rich, breccia style mineralization and surrounding
porphyry mineralization at the WAu Breccia to a depth of
approximately 1,000 metres.
- Testing a 2.8 kilometre long,
intense chargeability anomaly (Big Red), which underlies the core
of a six kilometre long multi-element soil anomaly that delineates
a porphyry related hydrothermal system and encompasses the Nucleus,
Revenue, Blue Sky and related zones. A 1,000 metre deep drill hole
collared approximately two kilometres west of the Blue Sky Zone is
planned to test this anomaly.
The target of Phase I drilling is a buried
copper gold porphyry that has not been previously tested by
drilling. Interpretation of integrated geophysical data from
induced polarization (IP), magnetotelluric (MT) and magnetic
surveys suggests that a deep porphyry target, over 400 metres below
the Revenue and Nucleus gold and copper deposits, cores a six
kilometre long coincident geophysical and multi-element soil
anomaly. Geology and isotopic age dating indicate that a Late
Cretaceous, gold rich, porphyry related mineralizing event
generated the near surface Nucleus, Blue Sky, WAu Breccia,
Keirsten, Revenue West, Granger and Guder zones. However, since
only relatively small porphyry dykes of that age are associated
with these zones, a larger causative porphyry intrusion may be
buried beneath the current depth of drilling along the six
kilometre long mineralized area. In most porphyry deposits the
highest grade, most voluminous and continuous mineralization is
contained near the interface between the causative intrusion and
surrounding rock; that is the area being targeted by the Phase I
drill campaign.
Drilling will be focused in three areas: The
Blue Sky Zone, the WAu Breccia, and Revenue West. The Blue Sky Zone
and WAu Breccia represent areas where high grade mineralization is
hosted in broken and altered Middle Cretaceous granite. Triumph’s
geologists believe that these mineralized zones, which have regular
and predictable geometry, are the best vectors into the causative
intrusion that lies beneath. Drilling at Revenue West will test a
500 metre deep chargeability anomaly that coincides with the
proposed location of the mineralized zone at the interface with the
causative intrusion.
Combined, the three target areas test across an
approximately two kilometre strike length, and beneath
mineralization that generated high grade, gold and copper
intersections, including the Blue Sky Porphyry, which produced some
of the highest grade greenfield exploration, porphyry related
intersections globally in 2018.
Abbreviated highlights of historical results
from the Blue Sky Porphyry, and WAu Breccia are listed in Table 1.
Full results are documented in PR18-07 dated July 31, 2018 and
PR18-09 dated September 12, 2018. For more detailed information
about the six kilometre long target area, the Blue Sky Porphyry,
WAu Breccia and Big Red, see Triumph Gold’s Corporate
Presentation.
Table 1. Abbreviated
Highlights of Historical Drilling at Blue Sky Porphyry and WAu
Breccia;
Drill hole |
Length (metre) |
Gold (g/t) |
Silver (g/t) |
Copper (%) |
Mo (%) |
Blue Sky Porphyry |
RVD18-19 |
316.00 |
1.10 |
5.0 |
0.270 |
0.020 |
Including |
79.75 |
2.48 |
6.9 |
0.378 |
0.017 |
RVD18-17 |
125.13 |
1.24 |
7.0 |
0.310 |
0.010 |
RVD18-16 |
94.50 |
1.53 |
5.8 |
0.279 |
0.013 |
WAu Breccia |
RVD11-19 |
76.34 |
1.40 |
9.2 |
0.210 |
0.032 |
RVD11-28 |
41.95 |
0.86 |
10.3 |
0.360 |
0.120 |
RVD17-12 |
40.00 |
1.18 |
8.3 |
0.240 |
0.130 |
RVD18-11 |
43.02 |
0.81 |
6.0 |
0.329 |
0.009 |
g/t = gram/tonne |
Triumph Gold’s Executive Chairman John
Anderson comments, “With the technical data to back up
this amazing exploration story, Triumph is swinging for the fences
this year. The upside for our investors is the possible discovery
of a previously untested buried copper gold porphyry system that by
all indications could be world class in size and grade.”
Qualified Person
The technical content of this news release has
been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP
Exploration for the company, and qualified person as defined by
National Instrument 43-101.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented
Canadian-based precious metals exploration and development company.
Triumph Gold Corp. is focused on creating value through the
advancement of the district scale Freegold Mountain project in
Yukon. For maps and more information, please visit our website
www.triumphgoldcorp.com
On behalf of the Board of
Directors
Signed "Paul Reynolds" Paul Reynolds, President &
CEO
For further information
please contact: John Anderson, Executive Chairman Triumph
Gold Corp. (604) 218-7400 janderson@triumphgoldcorp.com |
Nancy Massicotte IR Pro
Communications Inc. (604)-507-3377
nancy@irprocommunications.com |
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adequacy or accuracy of this release.
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information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectation. Important factors - including the
availability of funds, the results of financing efforts, the
completion of due diligence and the results of exploration
activities - that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's
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future events or otherwise.
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