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Triumph Gold Corp (2)
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Triumph Gold samples 1.18 g/t Au at Andalusite Peak

2018-01-22 11:53 ET - News Release

Mr. Paul Reynolds reports

TRIUMPH GOLD REPORTS DISCOVERY OF TWO NEW GOLD SHOWINGS ON 100% OWNED ANDALUSITE PEAK PROPERTY, BRITISH COLUMBIA

Triumph Gold Corp. has provided the results of prospecting and geological mapping on the Andalusite Peak property. Highlights of exploration include:

  • Discovery of two new gold-silver-copper occurrences, the Julep and the Gentleman vein (see attached table).
    • The Julep showing consists of a feldspar porphyritic mafic intrusion with disseminated clots and veins of tetrahedrite, chalcocite, and secondary malachite and azurite. It was grab sampled in two locations 21 metres apart. Sample E446453 graded 1.18 grams/tonne (g/t) gold, 11.2 g/t silver and 1.135 per cent copper; sample E446454 graded 21.1 g/t Ag and 2.72 per cent Cu. The size and geometry of the showing were not fully mapped, and it remains open.
    • The Gentleman vein consists of an up to 20-centimetre-thick chalcopyrite rich quartz-carbonate-magnetite-sulphide vein, with strongly altered and mineralized selvages. The vein was grab sampled in two locations 17 metres apart: sample I044403 graded 1.84 g/t Au, 17.3 g/t Ag and 2.25 per cent Cu; sample E446455 graded 0.459 g/t Au, 2.4 g/t Ag and 0.163 per cent Cu. The vein was identified where it crosses a mountain-top saddle. It remains open to the northwest and southeast.
  • Alteration mapping, aided by the collection and analysis of 67 near-infrared reflectance (TerraSpec) samples, verified that the property has been affected by intense phyllic to advanced argillic alteration over an approximately two- by two-kilometre area, constituting one of the largest and most intense alteration zones in Northern British Columbia.

 GEOCHEMICAL RESULTS FROM MINERALIZED 
     SAMPLES* AT ANDALUSITE PEAK
  
Sample ID      Au   Ag    Cu   
              g/t  g/t     %   Showing         

E446453     1.180 11.2 1.135     Julep  
E446454     0.090 21.1 2.720     Julep  
E446455     0.459 2.4  0.163 Gentleman
I044402     0.009 0.9  0.111 Gentleman
I044403     1.840 17.3 2.250 Gentleman


  

About the Andalusite Peak property

The Andalusite Peak property was acquired by staking in January, 2017. It is located in northwestern British Columbia 65 km north of the Red Chris Cu-Au mine, 20 km west of B.C. Highway 37 and seven km south of the Kutcho Creek mining road. The property covers an alteration "blowout" in the centre of a 27-kilometre-long belt of strongly altered rock that was identified and mapped in 2016 by B.C. Geological Survey geologist Bram van Straaten. Two similar alteration blowouts are known along the belt and both represent important exploration properties: 1) the Tanzilla property, 11 km to the northwest of Andalusite Peak, is owned by Kaizen Discovery and was optioned to Freeport McMoRan between 2013 and 2015; and 2) Teck Resources' McBride property is 12 km to the southeast of Andalusite Peak. On these properties, porphyry-style mineralization has been identified within and beneath the alteration lithocap. Only one historical record of exploration on the Andalusite Peak property exists (B.C. assessment report 30590); in the report, the intensity of the alteration was noted and the discovery of an outcrop containing massive coarse andalusite was documented. The presence of andalusite on the property indicates that it has experienced higher temperature and more intense alteration than any other location along the 27 km belt.

President's comment

Paul Reynolds, Triumph Gold's president and chief executive officer, comments: "The Andalusite Peak property was staked based on the presence of an intense alteration blowout similar to others within the district that are host to significant mineral occurrences. However, prior to our work, no mineralization had ever been discovered on the property. In one year this property went from a highly speculative exploration concept to an exploration reality with the identification of two new gold-copper occurrences. We are eager to follow up on these exciting new discoveries and to continue to explore the Andalusite Peak property."

Notes

* Grab samples are selective in nature and the resulting assays may not be representative.

Methods and qualified person

Sample were delivered directly to the ALS Global prep-lab in Whitehorse, Yukon, and analyzed by ALS Global in North Vancouver, B.C. They were prepared for analysis according to ALS method PREP35: Each sample was crushed to 70 per cent passing two millimetres and a 250-gram split was pulverized to better than 95 per cent passing 106-micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30-gram nominal sample (method Au-AA23). An additional 35 elements were tested by ICP-AES using an aqua regia digestion (method ME-ICP41), overlimit samples for copper were retested using the same technique but with assay grade aqua regia digestion and a higher range of detection (method ME-OG46). Quality assurance and control (QA/QC) are maintained at the lab through rigorous use of internal standards, blanks and duplicates.

The technical content of this news release has been reviewed and approved by Tony Barresi, PhD, PGeo, vice-president of exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold is a growth oriented Canadian-based precious metals exploration and development company. Triumph Gold is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.

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