Received by email:
File: Triumph Gold Intersects 400 metres of 1.2 gpt Gold Equivalent and 102 metres of 1.3 gpt Gold Equivalent in the F
--->irst of Three Areas Tested for a Deep Porphyry.pdf
PRESS RELEASE
September 12, 2019 TSX.V: TIG
PR # 19-16 OTCMKTS: TIGCF
Frankfurt: 8N61
Triumph Gold Intersects 400 metres of 1.2 g/t Gold Equivalent** and 102 metres of 1.3 g/t Gold
Equivalent** in the First of Three Areas Tested for a Deep Porphyry
Vancouver, British Columbia: September 12, 2019. Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS:
TIGCF) ("Triumph Gold" or the "Company") is pleased to announce positive results from the first two of
seven planned drill holes testing for a buried porphyry on their 100% owned, 200 km2, road accessible
Freegold Mountain Property in the Yukon Territory. Highlights include:
dot A 400.48 metre intersection (RVD19-02, 77.52 478.00m) of epithermal style mineralization
at the WAu Breccia with 1.21 grams per tonne (g/t) gold equivalent** (AuEq**), containing
0.73 g/t gold (Au) and 0.23% copper (Cu), more than doubling the previously known depth
of mineralization.
dot A 102.50 metre intersection (RVD19-02, 560.50 663.00) of gold-rich porphyry related
mineralization (strongly potassic altered granite and chalcopyrite-magnetite breccia), with
1.26 g/t AuEq**, containing 0.73 g/t Au and 0.18% Cu.
dot Based on positive results from drill holes RVD19-01 and RVD19-02, an additional drill hole
has been added to the program to further test for high grade porphyry mineralization
beneath the WAu Breccia.
Table 1: Highlighted Results from 2019 Drilling at the WAu Breccia
From Length* AuEq** CuEq**
Drill Hole To (m) Au (g/t) Ag (g/t) Cu (%) Mo (%)
(m) (m) (g/t) (%)
WAu Breccia Intersections
RVD19-02 77.52 478.00 400.48 0.730 6.9 0.227 0.025 1.211 1.066
Including 380.00 476.00 96.00 0.850 12.3 0.325 0.020 1.476 1.300
Including 416.50 476.00 59.50 1.012 17.1 0.432 0.027 1.850 1.630
Potassic Altered Granite and Chalcopyrite-Magnetite Porphyry Breccia
RVD19-02 560.50 663.00 102.50 0.725 1.5 0.182 0.055 1.263 1.113
Including 560.50 587.00 26.50 1.102 1.6 0.146 0.060 1.630 1.436
And 626.93 661.50 34.57 0.822 1.6 0.270 0.040 1.378 1.213
VP Exploration Dr. Tony Barresi (P.Geo.) Comments
"At the WAu Breccia, the first of three areas being drill tested in 2019 for buried porphyry mineralization,
we have discovered a porphyry copper-gold system. The discovery intersection is long, high-grade,
gold-rich and closer to surface than we had expected. We also more than doubled the known depth of
the near surface, gold-rich, epithermal style WAu Breccia. Combined, the two mineralized zones form
an impressively long and rich intersection, 601.80 metres averaging 1.1 g/t gold equivalent**, with
0.67 g/t of actual gold [Table 2]. Now, with the addition of a seventh drill hole to the program, we'll be
further delineating deep WAu this year."
For Further Information, please 1100 1111 Melville Street
Visit our website at Vancouver, BC, Canada, V6E 3V6
www.triumphgoldcorp.com Tel: 604.893.8757
PRESS RELEASE
The 2019 exploration program on Triumph's Freegold Mountain property was designed to test for a buried
copper-gold porphyry system beneath the six kilometre long, Revenue-Nucleus soil and geophysical
anomaly. With the addition of a third drill hole to the WAu Breccia area, the program now includes seven
drill holes, totaling approximately 6,000 metres. The current results indicate success at the WAu Breccia,
the first area tested. Triumph looks forward to receiving and releasing drill results from the other two
target areas:
1) The Blue Sky Zone, where Triumph discovered a gold-rich, high-grade porphyry in 2017/2018
(e.g. 316 metres of 1.1 g/t Au, 5.0 g/t Ag and 0.27% Cu in RVD18-19; see PR18-09 dated
September 12, 2018); and
2) Revenue West where two drill holes will test a geophysical target (Big Red; see PR#19-10
dated June 18, 2019).
Triumph to Drill Third Hole at the WAu Breccia
Based on exciting results from RVD19-01, and RVD19-02, the technical team at Triumph designed a third
drill hole to test the buried porphyry system beneath the WAu Breccia. One of the most important
alteration minerals in the buried porphyry is magnetite, which gives the affected rock a strong magnetic
signature. Triumph's pre-existing magnetic geophysical surveys are being used to vector towards more,
and higher grade, porphyry related mineralization. A 3D inversion of 2018 ground magnetic data
interprets a strong, coherent magnetic high close to where both RVD19-01 and RVD19-02 intersected
strongly potassic altered rock (Figure 2). The newly added third drill hole will target the magnetic high,
drilling into the center and most intense portion of it, while also testing a westerly portion of the WAu
Breccia at depth, and hanging wall porphyry style mineralization closer to surface (Figures 2&4). In
addition, Triumph plans to reprocess its magnetic data to build a "constrained"/more robust 3D model that
will incorporate down-hole magnetic data collected from all of the drill holes in the vicinity of the ground
magnetic survey; this will allow for even better recognition and resolution of deep magnetic bodies in
preparation for a 2020 drill program.
Details of RVD19-01 and RVD19-02
Two drill holes were completed at the WAu Breccia totaling 1,664.21 metres (Figure 1, Figure 2, Table 3).
The WAu breccia is a south dipping tabular body of polymetallic mineralization intersected by eight
historical drill holes that tested to a maximum depth of 200m below surface. RVD19-01 was oriented
northwards to test for a depth extension of the WAu breccia 250 metres beneath previous intersections.
RVD19-02, was drilled southward along the same section and was designed to drill down the dip-plane of
the WAu mineralized zone, to efficiently test continuity of the WAu mineralization to depth, while also
using the breccia body as a vector towards an underlying porphyry system.
RVD19-01 intersected a 53 metre thick downdip extension of the WAu breccia (493 546m).
Mineralization in this interval consists mainly of quartz-carbonate-sulfide veins versus breccia matrix. The
best interval returned 0.40 g/t Au, 7.1 g/t Ag, 0.20% Cu, and 0.025% Mo over 15.64 metres (495.00 -
510.64m; Table 2). Below the breccia RVD19-01 intersected 29.78 metres (585.10 614.88m) of
moderate to strong K-feldspar-biotite-magnetite altered and veined intrusion. The potassic alteration is
interpreted to be part of a buried porphyry system that was also intersected in drill hole RVD19-02.
RVD19-02 was drilled down the dip plane of the WAu breccia, which near surface is demonstrated to
have a thickness of approximately 50 metres, but below the depth of 200 metres has a poorly- or un-
constrained thickness and geometry.
For Further Information, please 1100 1111 Melville Street
Visit our website at Vancouver, BC, Canada, V6E 3V6
www.triumphgoldcorp.com Tel: 604.893.8757
PRESS RELEASE
dot RVD19-02 collared in the Revenue diatreme, which crosscuts and forms a shallow apron over the
western portion of the WAu Breccia. The margin of the diatreme is mineralized, returning 0.11%
Cu, 0.13 g/t Au 6.7 g/t Ag and 0.031% Mo over 16.32m (61.20-77.52m; Table 2).
dot Below the diatreme contact (77.52m) to 476 metres depth RVD19-02 intersected the WAu
Breccia, characterized by brecciated and argillic plus or minus silica altered granite with Au-Ag-Cu-Mo (plus
minor tungsten, zinc, and lead) mineralization within hydrothermal breccia matrix, and in
surrounding wallrock and clasts. The breccia fill consists of pyrite, pyrrhotite, chalcopyrite,
molybdenite, arsenopyrite, scheelite, sphalerite, galena, bismuthinite, and native gold (visible),
combined with quartz and carbonate (calcite, dolomite, ankerite).
dot Beneath the WAu Breccia, from 560.50 to 663.00 metres, RVD19-02 intersected strongly
potassic altered granite (K-feldspar, biotite, magnetite) and chalcopyrite-molybdenite-magnetite
breccia. This is interpreted to be part of a porphyry copper-gold system.
dot Between 735 891 metres RVD19-02 intersected a high density of Au-Cu-Mo enriched dykes of
intrusive breccia with disseminated sulfides that crosscut variably brecciated and altered granite.
dot Mineralization begins in the diatreme at 56.50 metres and persists to a depth of 908.00 metres.
Including low grade intervals, the 851.50 metre long mineralized intersection averages 0.90 g/t
AuEq** (or 0.79% CuEq**), with 0.536 g/t Au, 3.7 g/t Ag, 0.146% Cu and 0.027% Mo (Table 2,
Figure 2).
Table 2: Full Table of Significant Intersections from RVD19-01 and RVD19-02; WAu Breccia Area
From Length* Au Ag AuEq** CuEq**
Drill Hole To (m) Cu (%) Mo (%)
(m) (m) (g/t) (g/t) (g/t) (%)
RVD19-01 492.97 546.00 53.03 0.176 2.6 0.079 0.024 0.434 0.382
Including 495.00 510.64 15.64 0.402 7.1 0.200 0.025 0.852 0.751
And 583.90 585.10 1.20 1.130 12.0 0.558 0.013 1.973 1.738
Broad Intersections of Multiple Mineralized Zones
RVD19-02 56.50 908.00 851.50 0.536 3.7 0.146 0.027 0.900 0.792
Including 61.20 663.00 601.80 0.667 5.2 0.189 0.032 1.125 0.991
Revenue Diatreme
RVD19-02 61.20 77.52 16.32 0.129 6.7 0.106 0.031 0.506 0.445
WAu Breccia
RVD19-02 77.52 478.00 400.48 0.730 6.9 0.227 0.025 1.211 1.066
Including 380.00 476.00 96.00 0.850 12.3 0.325 0.020 1.476 1.300
Including 416.50 476.00 59.5 1.012 17.1 0.432 0.027 1.850 1.630
Potassic Altered Granite and Magnetite-Chalcopyrite Breccia
RVD19-02 560.50 663.00 102.50 0.725 1.5 0.182 0.055 1.263 1.113
Including 560.50 587.00 26.50 1.102 1.6 0.146 0.060 1.630 1.436
And 626.93 661.50 34.57 0.822 1.6 0.270 0.040 1.378 1.213
Intrusive Breccias
RVD19-02 762.50 766.10 3.60 0.886 0.0 0.082 0.038 1.200 1.057
821.00 880.50 59.50 0.430 0.0 0.059 0.006 0.532 0.469
For Further Information, please 1100 1111 Melville Street
Visit our website at Vancouver, BC, Canada, V6E 3V6
www.triumphgoldcorp.com Tel: 604.893.8757
PRESS RELEASE
Figure 1 Plan Geology Map Showing Locations of RVD19-01 and RVD19-02
Figure 2 Cross Section Showing Down Hole Au and Cu Values
Figure 3 Cross Section Showing Location of Planned Hole RVD19-06, Down Hole CuEq** and
Magnetic Susceptibility for RVD19-01 & RVD19-02
Figure 4 Schematic Model of Blue Sky WAu Diatreme Porphyry System
Figure 5 Core Photos of WAu Breccia and Magnetite-Chalcopyrite Breccia
TABLE 3: Drill Hole Locations and Orientations
Easting Northing Azimuth Inclination Depth
RVD19-01 383001 6912919 000 -68 707.75
RVD19-02 383000 6913258 180 -75 956.46
RVD19-06 (planned) 383049 6913173 235 -80 810.76
Coordinates are given in North American Datum 83 (NAD83), Zone 8.
Notes
* Reported assays are uncut weighted averages and represent drilled core lengths. The true width of
reported mineralization is unknown.
** Gold equivalent [AuEq], and copper equivalent [CuEq] are used for illustrative purposes, to express the
combined value of gold, silver, molybdenum and copper as a percentage of gold or copper. No
allowances have been made for recovery losses that would occur in a mining scenario. AuEq and CuEq
are calculated on the basis of US$2.50 per pound of copper, US$12.70 per pound of molybdenum,
US$1,510 per troy ounce of gold and US$17.00 per troy ounce of silver.
AuEq = ($1510.00 X Au [g/t] / 31.10 + $17.00 X Ag [g/t] / 31.10 + $2.50 X Cu [%] /100 X 2204.63 +
$12.70 X Mo [%] / 100 X 2204.63) / $1510.00 X 31.10
CuEq = ($1510.00 X Au [g/t] / 31.10 + $17.00 X Ag [g/t] / 31.10 + $2.50 X Cu [%] /100 X 2204.63 +
$12.70 X Mo [%] / 100 X 2204.63) / $2.50 X 100 / 2204.63
Methods and Qualified Person
Drill core samples ranged between 1 and 2 metres length and were cut at Triumph's core logging facility
on the Freegold Mountain Property. The samples were analyzed by SGS Canada of Vancouver, British
Columbia. They were prepared for analysis according to SGS method PRP89: each sample was crushed
to 75% passing 2mm and a 250g split was pulverized to better than 85% passing 75 micron mesh. Gold
was tested by fire assay with atomic absorption finish on a 30g nominal sample (method GE FAA313),
and samples that tested over 10 g/t Au were retested using a 50g sample and a gravimetric technique. An
additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B), over
limit samples for copper were retested using the same technique but with ore grade four acid digestion
and a higher range of detection (method GA AAS42S). Quality assurance and control (QAQC) is
maintained at the lab through rigorous use of internal standards, blanks and duplicates. An additional
QAQC program was administered by Triumph Gold: at minimum three quality control samples, consisting
of blanks, certified reference standards and duplicates, are blindly inserted into each 75 sample batch.
For Further Information, please 1100 1111 Melville Street
Visit our website at Vancouver, BC, Canada, V6E 3V6
www.triumphgoldcorp.com Tel: 604.893.8757
PRESS RELEASE
QAQC samples that return unacceptable values trigger investigations into the results and reanalyses of
the samples that were tested in the batch with the failed QAQC sample.
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 Nancy Massicotte
Triumph Gold Corp. IR Pro Communications Inc.
(604) 218-7400 (604)-507-3377
janderson@triumphgoldcorp.com nancy@irprocommunications.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking 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 documents filed from time to time on SEDAR
(see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The company disclaims any intention
or obligation, except to the extent required by law, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
For Further Information, please 1100 1111 Melville Street
Visit our website at Vancouver, BC, Canada, V6E 3V6
www.triumphgoldcorp.com Tel: 604.893.8757
© 2024 Canjex Publishing Ltd. All rights reserved.