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Triumph Gold Corp (2)
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Triumph Gold drills 0.84 m of 19.8 g/t Au at Nucleus

2018-11-07 12:45 ET - News Release

Mr. Paul Reynolds reports

TRIUMPH GOLD REPORTS RESULTS FROM DRILLING OF THE NUCLEUS AU-AG-CU DEPOSIT, FREEGOLD MOUNTAIN PROPERTY, YUKON TERRITORY

Triumph Gold Corp. has released the results from 4,159 metres of diamond drilling, in 21 holes, conducted in the Nucleus gold-silver-copper deposit area. Highlights of the 2018 Nucleus drill program include:

  • Four high-grade gold intersections:
    • 19.8 grams per tonne gold over 0.84 metre in N18-06 (39.62 to 40.46 metres);
    • 15.93 grams per tonne gold over 1.00 metre in N18-17 (150.00 to 151.00 metres);
    • 13.67 grams per tonne gold over 1.67 metres in N18-04 (28.51 to 30.18 metres);
    • 9.13 grams per tonne gold over 2.00 metres in N18-16 (106.00 to 108.00 metres);
  • Mineralized intervals from 16 of the 21 holes drilled in 2018 returned gold grades that exceed the average grade (0.544 gram per tonne gold) of the current inferred mineral resources estimated in December, 2014; examples include:
    • 1.196 grams per tonne gold over 45.19 metres in N18-08 (19.81 to 65.00 metres);
    • 1.184 grams per tonne gold over 59.50 metres in N18-17 (149.00 to 208.50 metres).

Highlighted intersections are noted in an attached table, and a full list of significant intersections is contained in a separate table.

 
                      HIGHLIGHTED RESULTS FROM 2018 DIAMOND 
                    DRILLING AT THE NUCLEUS AU-AG-CU DEPOSIT
                                                                                        
Drill hole        From          To      Length*            Au        Ag         Cu         
                    (m)         (m)         (m)          (g/t)     (g/t)        (%)
          
N18-01           38.10       51.82       13.72          0.966       0.9      0.040      
N18-04           23.09       35.05       11.96          3.030       1.9      0.307      
Including        28.51       30.18        1.67         13.670      10.0      0.542      
N18-06           38.10       51.30       13.20          1.980       0.4      0.146      
Including        39.62       40.46        0.84         19.800      0.0       0.164      
N18-08            2.04      150.11      148.07          0.619       0.1      0.046      
Including        19.81       65.00       45.19          1.196       0.1      0.052      
N18-16          106.00      108.00        2.00          9.130       0.0      0.120      
N18-17          149.00      208.50       59.50          1.184       1.6      0.081      
Including       150.00      151.00        1.00         15.930      5.0       0.551      
Also including  166.00      176.00       10.00          3.212       7.0      0.227      
N18-18          155.45      166.73       11.28          1.075       4.1      0.314      
N18-19           85.00       95.50       10.50          1.644       0.0      0.187   

* Length/interval refers to drill hole intercept. True widths 
have not been determined. 

The 2018 drill program at Nucleus was designed to optimize a future pit-constrained estimate of mineral resources by targeting:

  1. Near-surface mineralized areas that had insufficient drill density to support estimates of mineral resources;
  2. Near-surface mineralized areas where additional delineation drilling could facilitate upgrading of Inferred mineral resources to an indicated category;
  3. Areas prospective for high-grade mineralization.

Triumph Gold has contracted SIM Geological Inc. to provide updated estimates of mineral resources for the Nucleus, Revenue and Tinta deposits, to be completed in 2019. All three deposits are located on Triumph Gold's 100-per-cent-owned, road-accessible, 200-square-kilometre Freegold Mountain property in Yukon. The updated resource estimate at Nucleus will incorporate all drill results prior to 2014, the results from 16 holes completed in 2017 (press release dated Jan. 18, 2018) as well as 4,159 metres of diamond drilling in 21 holes conducted in 2018 (as described in this news release).

                     SIGNIFICANT RESULTS FROM 2018 DIAMOND 
                    DRILLING AT THE NUCLEUS AU-AG-CU DEPOSIT
                                                                                      
Drill hole        From          To      Length*            Au        Ag         Cu         
                    (m)         (m)         (m)          (g/t)     (g/t)        (%)    
       
N18-01           22.86       69.00       46.14          0.455       0.6      0.076     
Including        38.10       51.82       13.72          0.966       0.9      0.040     
And             206.00      216.00       10.00          0.213       0.4      0.111     
N18-02           87.20       89.00        1.80          1.230       3.0      0.019     
And             107.00      111.00        4.00          0.603       0.0      0.056     
N18-03           25.00       75.00       50.00          0.515       0.0      0.025     
And             193.00      195.00        2.00          1.020       0.0      0.007     
N18-04           23.09       35.05       11.96          3.030       1.9      0.307     
Including        28.51       30.18        1.67         13.670      10.0      0.542     
And              62.00       72.00       10.00          0.481       0.0      0.061     
N18-05            3.30       16.50       13.20          0.650       0.0      0.022     
And             180.00      181.20        1.20          6.880       0.0      0.017     
N18-06           38.10       51.30       13.20          1.980       0.4      0.146     
Including        39.62       40.46        0.84         19.800       0.0      0.164     
And              94.00       96.01        2.01          2.030       0.0      0.113     
N18-07            2.70       21.33       18.63          0.422       0.0      0.024     
And             158.00      177.09       19.09          0.256       0.5      0.134     
N18-08            2.04      150.11      148.07          0.619       0.1      0.046     
Including        19.81       65.00       45.19          1.196       0.1      0.052     
N18-09           19.00       77.72       58.72          0.389       0.1      0.059     
N18-10           36.49       38.00        1.51          1.280       0.0      0.020     
And             111.00      113.00        2.00          1.400       0.0      0.031     
And             137.00      146.30        9.30          0.380       1.3      0.099     
N18-11          No Significant Results                                                
N18-12           41.00       51.00       10.00          0.516       0.0      0.044     
And              80.15       81.15        1.00          2.210       3.0      0.015     
N18-13           16.40       18.36        1.96          1.550       0.0      0.043     
And              38.67       45.72        7.05          0.574       1.1      0.007     
And             125.00      129.82        4.82          1.124       0.0      0.077     
N18-14           57.00       72.60       15.60          0.372       0.3      0.087     
And              85.00       97.00       12.00          0.348       0.0      0.017     
N18-15           81.76       83.00        1.24          1.110       0.0      0.004     
And             155.00      158.00        3.00          0.427       0.0      0.047     
And             194.50      201.47        6.97          0.415       1.1      0.055     
N18-16           13.72       17.94        4.22          1.037       0.0      0.019     
And              98.72      189.00       90.28          0.535       0.3      0.085     
Including       106.00      108.00        2.00          9.130       0.0      0.120     
N18-17           67.50       72.00        4.50          0.452       0.0      0.018     
And              82.00       86.00        4.00          2.295       0.0      0.055     
And             115.00      119.00        4.00          0.790       0.0      0.023     
And             149.00      208.50       59.50          1.184       1.6      0.081     
Including       150.00      151.00        1.00         15.930       5.0      0.551     
Also including  166.00      176.00       10.00          3.212       7.0      0.227     
N18-18           36.58       38.10        1.52          3.020       0.0      0.018     
And              47.55       53.05        5.50          0.990       0.0      0.016     
And              60.67       63.45        2.78          0.702       0.0      0.023     
And              78.00       81.86        3.86          0.857       0.0      0.042     
And             155.45      166.73       11.28          1.075       4.1      0.314     
N18-19           85.00       95.50       10.50          1.644       0.0      0.187     
N18-20           52.21       72.00       19.79          0.408       0.0      0.029     
And              93.00      106.95       13.95          0.091       0.2      0.162     
And             134.48      152.04       17.56          0.438       0.0      0.038     
And             193.33      206.12       12.79          0.752       1.3      0.124     
N18-21           37.00       38.10        1.10          1.590       0.0      0.046     
And              94.00       98.00        4.00          0.588       0.0      0.017     
And             164.45      184.00       19.55          0.488       0.0      0.011     
And             192.03      196.00        3.97          0.553       0.0      0.010     

* Length/interval refers to drill hole intercept. True widths 
have not been determined.

Methods and qualified person

Drill core samples ranged between one metre and two metres in length and were cut at Triumph's core logging facility on the Freegold Mountain property. The samples were analyzed by SGS Canada of Vancouver, B.C. They were prepared for analysis according to SGS method PRP89: Each sample was crushed to 75 per cent passing two millimetres and a 250-gram split was pulverized to better than 85 per cent passing 75-micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30-gram nominal sample (method GE FAA313) and samples that tested over 10 grams per tonne gold were retested using a 30-gram nominal sample and gravimetric analysis (method GO FAG303). An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B), overlimit samples for copper were retested using the same technique but with assay-grade four-acid digestion and a higher range of detection (method GA AAS42S). Quality assurance/quality control is maintained at the lab through rigorous use of internal standards, blanks and duplicates. An additional quality assurance/quality control program was administered by Triumph Gold: At minimum, three quality control samples, consisting of blanks, certified reference standards and duplicates, were blindly inserted into each 75-sample batch. Quality assurance/quality control samples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed quality assurance/quality control sample.

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

About Triumph Gold Corp.

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

We seek Safe Harbor.

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