Mr. Tony Barresi reports
TRIUMPH GOLD ANNOUNCES RESULTS FROM ROCK SAMPLING AND TRENCHING ALONG THE IRENE-GOLDSTAR EPITHERMAL GOLD-SILVER CORRIDOR, WITH SAMPLES GRADING UP TO 93.8 G/T AU AND 1108 G/T AG
Triumph Gold Corp. has released results from the 2019 trench and grab sampling program conducted along the 3.7-kilometre-long Irene-Goldstar epithermal gold-silver corridor on its 100-per-cent-owned, 200-square-kilometre, road-accessible Freegold Mountain project in the Yukon.
Jesse Halle, vice-president of exploration for Triumph Gold, commented: "The 2019 trenching program along a 600-metre portion of the Irene-Goldstar epithermal gold-silver corridor has revealed impressive grades and widths of precious metal mineralization and suggests that substantial mineralization is present along the Irene-Goldstar trend. Significant opportunities for discovery of new mineralized zones exist along the untested portion of the corridor. A new access road constructed in 2019 will enable additional trenching and drill testing of this mineralized corridor during the 2020 exploration season."
Highlights of the results include:
-
Fifteen grab samples from outcrop or subcrop in or near to 11 new trenches, including assays of:
- 93.80 grams per tonne (g/t) gold (Au), 1,108.0 g/t silver (Ag), 0.28 per cent copper (Cu), 1.51 per cent lead (Pb) and 0.41 per cent zinc (Zn) from sample C00048158;
-
8.92 g/t Au, 542.0 g/t Ag and 1.28 per cent Pb from sample C00048156;
-
5.85 g/t Au, 129.0 g/t Ag and 0.32 per cent Pb from sample C00048153;
-
Chip sampling of bedrock from new trenches yielding anomalous to multigram gold and silver, including assays of:
- 2.08 g/t Au, 33.5 g/t Ag and 0.17 per cent Pb over four metres in trench 19RFV-A, including 3.49 g/t Au, 55.0 g/t Ag and 0.27 per cent Pb over two metres;
-
3.85 g/t Au, 103.0 g/t Ag and 0.09 per cent Pb over two metres in trench 19RFV-D;
-
1.49 g/t Au, 216.0 g/t Ag, 0.12 per cent Cu, 0.55 per cent Pb and 0.10 per cent Zn over four metres in trench 19RFV-K;
-
Sampling extended the Goldstar vein by 600 metres along strike through the Vindicator zone. Mineralization along the Irene-Goldstar epithermal gold-silver corridor remains untested where it may be present beneath vegetation between the Vindicator zone and the Irene zone, 2,000 metres to the northwest.
Refer to the associated table for a list of significant grab sample assays and length-weighted chip sample assays. An image on the company's website depicts the locations of these assay highlights. Another table presents all 64 assay results from the Vindicator zone.
HIGHLIGHTS OF 2019 CHIP AND GRAB SAMPLES FROM WITHIN OR CLOSE
TO TRENCHES ALONG THE IRENE-GOLDSTAR EPITHERMAL GOLD-SILVER CORRIDOR
Trench From To Length Sample method Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (%) (%) (%)
19RFV-A 1 5 4 chip 2.08 33.5 0.02 0.17 0.01
including 1 3 2 chip 3.49 55.0 0.03 0.27 0.01
19RFV-B n/a n/a n/a grab 0.06 5.0 0.06 0.24 0.14
19RFV-D 0 2 2 chip 3.85 103.0 0.04 0.09 0.01
19RFV-D n/a n/a n/a grab 4.54 143.0 0.04 0.08 0.02
19RFV-E 0 2 2 chip 1.25 45.0 0.04 0.24 0.01
19RFV-H 1 3 2 chip 0.84 216.0 0.03 1.30 0.01
19RFV-J 13 14 1 chip 0.10 43.0 0.11 0.05 0.12
19RFV-J n/a n/a n/a grab 0.37 45.0 0.21 0.03 0.27
19RFV-K 11 12 1 chip 1.14 13.0 0.07 0.03 0.06
19RFV-K 3 7 4 chip 1.49 216.0 0.12 0.55 0.10
Sample Sample method Au Ag Cu Pb Zn
(g/t) (g/t) (%) (%) (%)
C00048153 grab 5.85 129.0 0.01 0.32 0.00
C00048156 grab 8.92 542.0 0.05 1.28 0.03
C00048157 grab 3.42 300.0 0.20 0.58 0.12
C00048158 grab 93.80 1,108.0 0.28 1.51 0.41
The Irene-Goldstar epithermal gold-silver corridor is a 3.7-kilometre-long zone of epithermal-related gold-silver and base metal mineralization that extends from the historic Goldstar vein and skarn system near the Mount Freegold summit and continues through the Vindicator zone to the Irene zone in Guder Creek at the bottom of the mountain. The corridor is associated with a major splay of the regionally important Big Creek fault. In 2018, 11 shallow drill holes targeted the Irene zone and resulted in numerous intercepts of quartz veins with precious and base metals that graded up to 20.7 g/t Au over 0.70 metre (see news release dated Jan. 24, 2019). The 2018 drill program at Irene defined a mineralized strike length of 450 metres that is open to the northwest and to the southeast, where the Vindicator zone is found 2,000 metres away.
The Vindicator zone has seen sporadic and poorly documented exploration since the 1960s. The Goldstar vein has been extensively trenched and was tested with approximately 12 shallow drill holes. In 1989, C.A. Main estimated a mineral inventory at the Goldstar vein with 123,000 tonnes of 4.21 g/t Au and 47.2 g/t Ag contained within a shallow pit approximately 250 metres long by 60 metres deep; this historical estimate should not be relied upon, as a qualified person has not done sufficient work to classify the estimate as a current mineral resource. Triumph Gold geologists believe the mineralization at the Goldstar vein and the Vindicator zone are parts of a much larger mineralized system termed the Irene-Goldstar epithermal gold-silver corridor.
Between 2005 and 2007, 16 grab samples were collected from subcrop at the Vindicator zone, returning gold assays ranging from 0.015 g/t Au and 0.2 g/t Ag to 425 g/t Au and 321 g/t Ag. The location of the historic high-grade gold sample is shown in an image on the company's website. The locations of the 2005 and 2007 samples have not been verified by Triumph.
The 2019 sampling program at the Vindicator zone aimed to confirm historic high-grade samples, characterize the contained polymetallic mineralization, and generate grade and thickness data. A total of 49 linear chip samples and seven grab samples were collected from trenches at the Vindicator zone. An additional eight reconnaissance-style grab samples were collected throughout the Vindicator zone. Several areas adjacent to the highest-grading samples were not sampled due to the depth limitations of hand trenching.
Geology of the Vindicator zone and Goldstar zone
The Vindicator zone is hosted in gossanous, schistose to gneissic metasedimentary rock of the Yukon Tanana terrane. Mineralized domains up to eight metres in width have been documented in 11 trenches spanning a 600-metre strike length. Mineralization is associated with one- to 15-centimetre thick epithermal quartz veins and adjacent domains of sericite-altered wall rock. Sulphides, including pyrite, chalcopyrite, galena and sphalerite, occur in quartz veins and disseminations in wall rock but are rarely preserved in hand sample due to surface weathering and oxidation.
Triumph Gold is planning a machine trenching and diamond drilling program for the Vindicator zone in 2020, as well as a diamond drilling program designed to close the 2,000-metre gap between the Vindicator and Irene zones along the 3.7-kilometre-long Irene-Goldstar epithermal gold-silver corridor.
Sampling, assaying and quality assurance/quality control
Subhorizontal linear chip samples ranged between one and two metres in length. All chip samples were collected with a rock hammer. Chip and grab samples were analyzed by SGS Canada of Vancouver, B.C. Samples 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 P85 75 microns. Gold was tested by fire assay with atomic absorption finish on a 30-gram nominal sample (method GE FAA30V5), samples that tested over 10 grams per tonne gold were retested using a 50-gram sample with gravimetric finish (method GO FAG50V), and samples testing over 100 grams per tonne silver were retested using an adjusted sample weight and final solution volume ratio (method GO ICP42Q100). An additional 33 elements were tested by ICP-AES (inductively coupled plasma atomic emission spectroscopy) using a four-acid digestion (method GE ICP40Q12). Quality assurance and control (QA/QC) are maintained at the lab through rigorous use of internal standards, blanks and duplicates. An additional QA/QC program was administered by Triumph Gold: At minimum three quality control samples, consisting of blanks and certified reference standards, were blindly inserted into the trench sample batch. QA/QC samples that return unacceptable values trigger investigations into the results and reanalysis of the samples that were tested in the batch with the failed QA/QC sample.
ASSAY RESULTS OF ALL 2019 VINDICATOR AND GOLDSTAR CHIP AND GRAB SAMPLES
Trench From To Length Sample method Sample Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (%) (%) (%)
19RFV-A 1 2 1 chip F00032776 2.25 43.0 0.03 0.38 0.01
19RFV-A 2 3 1 chip F00032777 4.72 67.0 0.03 0.17 0.00
19RFV-A 3 4 1 chip F00032778 0.52 14.0 0.01 0.06 0.01
19RFV-A 4 5 1 chip F00032779 0.82 10.0 0.01 0.07 0.01
less
than
19RFV-A 5 6 1 chip F00032780 0.02 2 0.02 0.01 0.03
less
than
19RFV-A 6 7 1 chip F00032781 0.01 2 0.01 0.00 0.01
less
than
19RFV-A 7 8 1 chip F00032782 0.02 2 0.01 0.01 0.01
less
than
19RFV-A 8 9 1 chip F00032783 0.02 2 0.02 0.01 0.01
19RFV-B 0 1 1 chip F00032785 0.05 4.0 0.02 0.01 0.02
19RFV-B 1 2 1 chip F00032786 0.04 4.0 0.02 0.02 0.02
19RFV-B 2 3 1 chip F00032787 0.03 4.0 0.02 0.01 0.04
less
than
19RFV-B 3 4 1 chip F00032788 0.02 2 0.03 0.01 0.03
19RFV-C 0 2 2 chip F00032790 0.21 12.0 0.01 0.03 0.01
less
than
19RFV-C 2 4 2 chip F00032791 0.52 2 0.01 0.01 0.03
less
than
19RFV-C 4 5 1 chip F00032792 0.04 2 0.02 0.01 0.02
19RFV-C 5 6 1 chip F00032793 0.02 3.0 0.01 0.01 0.03
less
than
19RFV-C 6 7 1 chip F00032794 0.01 2 0.01 0.00 0.04
19RFV-D 0 2 2 chip F00032796 3.85 103.0 0.04 0.09 0.01
19RFV-D 2 4 2 chip F00032797 0.08 17.0 0.00 0.02 0.01
less
than
19RFV-D 4 6 2 chip F00032798 0.02 2 0.01 0.01 0.03
19RFV-E 0 2 2 chip F00032801 1.25 45.0 0.04 0.24 0.01
19RFV-F 0 2 2 chip F00032802 0.05 3.0 0.00 0.02 0.01
less
than
19RFV-G 5 7 2 chip F00032803 0.02 2 0.02 0.01 0.02
19RFV-H 1 3 2 chip F00032804 0.84 216.0 0.03 1.30 0.01
19RFV-I 0 1 1 chip F00032805 0.19 5.0 0.01 0.04 0.04
less
than
19RFV-I 1 2 1 chip F00032806 0.02 2 0.01 0.00 0.02
19RFV-I 2 4 2 chip F00032807 0.05 5.0 0.01 0.02 0.06
19RFV-I 4 5 1 chip F00032808 0.10 2.0 0.01 0.01 0.15
less
than
19RFV-I 6 8 2 chip F00032809 0.02 2 0.00 0.00 0.03
less
than
19RFV-I 8 10 2 chip F00032810 0.03 2 0.01 0.00 0.04
19RFV-I 10 11 1 chip F00032811 0.49 8.0 0.01 0.03 0.08
less
than
19RFV-I 14 16 2 chip F00032812 0.01 2 0.01 0.00 0.02
less
than
19RFV-I 16 18 2 chip F00032813 0.02 2 0.01 0.01 0.03
less
than
19RFV-J 1.5 2.5 1 chip F00032814 0.01 2 0.01 0.01 0.06
less
than
19RFV-J 4.5 5.5 1 chip F00032815 0.03 2 0.03 0.01 0.11
less
than
19RFV-J 7.5 8.5 1 chip F00032816 0.01 2 0.02 0.01 0.05
19RFV-J 13 14 1 chip F00032819 0.10 43.0 0.11 0.05 0.12
19RFV-J 15 17 2 chip F00032820 0.03 7.0 0.05 0.01 0.06
19RFV-J 19 20 1 chip F00032821 0.02 3.0 0.03 0.01 0.04
19RFV-J 21 23 2 chip F00032822 0.12 4.0 0.06 0.01 0.11
19RFV-J 24 25 1 chip F00032824 0.07 6.0 0.04 0.01 0.07
19RFV-K 1 3 2 chip F00032826 0.06 12.0 0.03 0.03 0.03
19RFV-K 3 5 1 chip F00032827 2.11 322.0 0.14 0.55 0.15
19RFV-K 5 6 1 chip F00032828 0.70 96.0 0.07 0.26 0.03
19RFV-K 6 7 1 chip F00032829 1.05 124.0 0.12 0.83 0.05
19RFV-K 7 9 2 chip F00032830 0.21 38.0 0.07 0.12 0.06
19RFV-K 11 12 1 chip F00032831 1.14 13.0 0.07 0.03 0.06
19RFV-K 13 14 1 chip F00032832 0.03 3.0 0.06 0.02 0.08
less
than
19RFV-K 14 15 1 chip F00032833 0.03 2 0.03 0.03 0.04
19RFV-A n/a n/a n/a grab F00032784 0.14 20.0 0.01 0.29 0.04
19RFV-B n/a n/a n/a grab F00032789 0.06 5.0 0.06 0.24 0.14
19RFV-C n/a n/a n/a grab F00032795 0.15 9.0 0.03 0.02 0.01
19RFV-D n/a n/a n/a grab F00032799 4.54 143.0 0.04 0.08 0.02
19RFV-J n/a n/a n/a grab F00032817 0.37 45.0 0.21 0.03 0.27
19RFV-J n/a n/a n/a grab F00032818 0.01 4.0 0.03 0.01 0.09
19RFV-J n/a n/a n/a grab F00032823 0.05 6.0 0.02 0.01 0.03
n/a n/a n/a n/a grab C00048151 0.05 15.0 0.03 0.01 0.02
n/a n/a n/a n/a grab C00048152 0.07 16.0 0.09 0.06 0.19
n/a n/a n/a n/a grab C00048153 5.85 129.0 0.01 0.32 0.00
n/a n/a n/a n/a grab C00048154 0.27 19.0 0.02 0.08 0.12
n/a n/a n/a n/a grab C00048155 0.02 1.0 0.01 0.00 0.03
n/a n/a n/a n/a grab C00048156 8.92 542.0 0.05 1.28 0.03
n/a n/a n/a n/a grab C00048157 3.42 300.0 0.20 0.58 0.12
n/a n/a n/a n/a grab C00048158 93.80 1,108.0 0.28 1.51 0.41
Qualified person
The technical content of this news release has been reviewed and approved by Jesse Halle, PGeo, vice-president, exploration, for the company and qualified person as defined by National Instrument 43-101.
About Triumph Gold Corp.
Triumph Gold is a growth-oriented Canada-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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