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:
-
Near-surface mineralized areas that had insufficient drill density to support estimates of mineral resources;
-
Near-surface mineralized areas where additional delineation drilling could facilitate upgrading of Inferred mineral resources to an indicated category;
-
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.
© 2024 Canjex Publishing Ltd. All rights reserved.