Mr. John Anderson reports
TRIUMPH GOLD IDENTIFIES GOLD MINERALIZATION AT THE BIG CREEK SOUTH FAULT ZONE WITH 300 METRE STEP-OUT FROM THE NUCLEUS DEPOSIT, YUKON
Triumph Gold Corp. has released the results of 2021 exploration work at the Freegold Mountain property in Yukon, highlighting results from N21-05, N21-06 and N21-07 from the Big Creek South fault zone and the Nucleus deposit.
A total of 6,615 metres of diamond drilling was completed at the Freegold Mountain property. Drilling was conducted around the Blue Sky and WAu zones at the Revenue deposit and at the Nucleus deposit. Additional stepout drilling tested the Big Creek South fault and Orbit zones.
Every hole reported to date from the 2021 exploration program intersected anomalous gold, silver and copper (five at Nucleus and seven at Revenue). Results demonstrate a broad mineralized system with zones of bulk-tonnage mineralization, containing oxide, transition and sulphide mineralization. Significant drill intercepts reported to date are summarized in the attached table and significant intercepts reported in this release are highlighted in grey. N21-05 and N21-07 returned oxide gold mineralization with excellent cyanide (CN) assay recoveries.
Highlights
N21-05 (300-metre stepout from Nucleus):
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0.80 gram per tonne oxide gold over two metres from 47 metres;
- 0.67 g/t Au over 1.5 metres from a depth of 190.5 metres.
N21-06 (300-metre stepout from Nucleus):
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0.62 g/t Au over 1.35 metres from a depth of 240 metres;
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0.53 g/t Au over 6.67 metres from a depth of 276.38 metres, including 2.01 g/t Au over 1.32 metres.
N21-07:
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1.21 g/t oxide Au over 1.58 metres from a depth of 35 metres;
- 0.55 g/t oxide Au over 1.50 metres from a depth of 47 metres;
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0.28 g/t Au over 10.12 metres from a depth of 59.38 metres, including 0.96 g/t Au over 1.37 metres;
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0.50 g/t Au over 1.9 metres from a depth of 75 metres;
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1.97 g/t oxide Au over one metre from a depth of 81 metres;
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0.53 g/t Au over 10 metres from a depth of 229 metres, including 3.49 g/t Au over 1.07 metres.
Detailed interpretation and geology (N21-05, N21-06, N21-07)
General:
- Lithology: primarily metasediments (Yukon Tanana terrane) with local quartz feldspar porphyry and leucogranite dikes;
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Local epithermal vein-controlled mineralization and local sulphide replacement;
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Testing magnetic low signatures.
N21-05:
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Drilled toward Big Creek South fault zone;
- 300-metre stepout from Nucleus deposit;
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Oxidation to 64 metres;
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Targeting epithermal magnetic low and multielement geochemical signatures.
N21-06:
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Drilled from same pad location as N21-05;
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Oxidation to 30.55 metres;
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Targeting a southern extension of the Nucleus deposit testing for epithermal and skarn replacement mineralization.
N21-07:
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Drilled on northwest margin of Nucleus deposit;
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Oxidation to 170.38 metres;
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Targeting Nucleus northwest deposit extension; testing gold mineralization continuity near the proposed open pit.
Reported assays are uncut weighted averages and represent drilled core lengths. The true width of reported mineralization is unknown.
Sample preparation and quality assurance/quality control
Diamond drill holes at the Freegold Mountain project are drilled using HTW and NTW core sizes (70.92-millimetre and 56-millimetre diameter, respectively). Sample preparation is completed at ALS Whitehorse with sample pulps shipped to ALS Vancouver for analyses. Samples are dried and crushed to 70 per cent less than two millimetres with a 250-gram riffle split and pulverized to better than 85 per cent passing 75 microns (PREP-31).
A 50-gram sample from the pulp is analyzed for gold using fire assay techniques and atomic absorption spectroscopy with detection limits of 0.005 part per million to 10 parts per million (Au-AA24). Gold overlimit values are reanalyzed using a gravimetric finish with an upper detection limit of 10,000 ppm (Au-GRA22). A 0.25-gram sample from the pulp is analyzed with multielement geochemistry (ME-ICP61) using a four-acid near-total digestion and induced coupled plasma atomic emission spectroscopy (ICP-AES) providing 33 elements.
Sample quality assurance/quality control measures include: Unmarked certified reference materials (CRMs), rock blanks and field duplicates are inserted into the sample sequence and make up 5 per cent of the samples submitted to the lab for holes reported in this release. Additional QA/QC checks are continuing in accordance with National Instrument 43-101 standards.
National Instrument 43-101 disclosure
The technical content of this news release has been reviewed and approved by Triumph Gold's president Brian May, PGeo, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, and the underlying technical information in this news release.
About Triumph Gold Corp.
Triumph Gold is a Canadian-based, growth-oriented exploration and development company with a district-scale land package in mining-friendly Yukon. The company's 100-per-cent-owned, road-accessible, flagship Freegold Mountain project in the Dawson Range Au-Cu belt is host to three NI 43-101 mineral deposits (Nucleus, Revenue and Tinta Hill). The project is 200 square kilometres and covers an extensive section of the Big Creek fault zone, a structure directly related to epithermal gold and silver mineralization as well as gold-rich porphyry copper mineralization.
Led by an experienced management and technical team, Triumph Gold is focused on actively advancing the Freegold Mountain project using multidiscipline exploration and evaluation techniques.
The company owns 100 per cent of the Big Creek and Tad/Toro gold-silver-copper properties situated along strike of the Freegold Mountain project within the Dawson Range.
The company also owns 100 per cent of the Andalusite Peak copper-gold property, situated 36 kilometres southeast of Dease Lake within the Stikine Range in British Columbia.
Triumph Gold acknowledges the traditional territories of the Little Salmon Carmacks First Nation and Selkirk First Nation on which the company's Yukon mineral exploration projects are located. Triumph Gold has a long-standing, continuing engagement with these first nations through communication, environmental stewardship and local employment.
We seek Safe Harbor.
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