VANCOUVER, British Columbia, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to release updated mineral resource estimates for the three deposits (Nucleus, Revenue and Tinta) on the Company’s 100% owned, 200 km2, road accessible Freegold Mountain Property in the Yukon Territory.
The new mineral resource estimates were generated by Robert Sim (P.Geo.) of SIM Geological Inc., an independent qualified person and resource expert with over thirty five years of experience. A new NI43-101 technical report will be available on SEDAR within 45 days. The new mineral resource estimates are effective as of February 11, 2020 and supersede the previous mineral resource estimate (Campbell et. al, 2015. Technical report on the Freegold Mountain Project, Yukon Canada Resource Estimates), which is available on SEDAR.
Triumph Gold President, Tony Barresi (Ph.D., P.Geo.), comments: “We are pleased to present three pit-constrained resources, two of which also have high-grade underground resources. The new pit constraint, and other stringent economic parameters applied to the three resource estimates demonstrate that the mineral deposits exhibit reasonable prospects for eventual economic extraction as required under NI 43-101. Since 2016 Triumph has been dedicated to bringing shareholder value by first focusing on grassroots exploration with resource definition to follow. This effort resulted in a number of new discoveries, including the high-grade Blue Sky Porphyry Breccia, and the WAu Breccia, both located within the Revenue deposit. While our attention will remain on discovery-focused exploration in the near term, we are pleased to provide updated mineral resource estimates that we believe accurately assess the resources identified to date, which are contained on our 100% owned Freegold Mountain Property.”
Technical Highlights of Freegold Mountain Property Mineral Deposits:
- Three deposits (Figure 1) host open-pit constrained mineral resources, two of which also include deeper, high-grade, additional mineral resources that are considered amenable to underground extraction methods.
- Combined Indicated Mineral Resources from Revenue and Nucleus deposits total 42.4 million tonnes at 0.58 grams per tonne (g/t) gold (Au), 0.08% copper (Cu) and 1.2 g/t silver (Ag) for a total of 1 million contained gold equivalent (AuEq) ounces (oz). Combined Inferred Mineral Resources at Revenue, Nucleus and Tinta total 39 million tonnes at 0.56 g/t gold, 0.10% copper and 4.5 g/t silver for a total of 1.1 million contained gold equivalent ounces (see Tables 1,2, and 3 for details).
- Higher grade (>1.4 g/t AuEq) mineralization from the newly discovered Blue Sky Porphyry Breccia is now included in an underground portion of the Revenue resource.
- Inclusion of tungsten (W) in the estimate of mineral resources at the Revenue deposit.
Triumph Gold’s Freegold Mountain Property hosts three road-accessible mineral deposits (Figure 1). Changes from the 2015 mineral resource estimates, which were unconstrained, are the result of a combination of new drilling and the application of updated technical and economic parameters. The new estimates are either constrained within pit shells or, in the case of underground mineral resources, show favourable geometry and continuity of grade and thickness so as to exhibit reasonable prospects for eventual economic extraction.
TABLE 1: ESTIMATE OF MINERAL RESOURCE FOR THE NUCLEUS DEPOSIT
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce that Jesse Halle (P.Geo.) has been appointed Vice President Exploration. Jesse brings over twenty years of geoscience-related experience to the job; he has filled senior technical rolls while advancing a number of porphyry copper-gold deposits in Yukon and BC, including Western Copper and Gold’s Casino deposit, and Copper Mountain Mining’s Copper Mountain deposit. Jesse has been working with Triumph as an Exploration Manger since 2016.
Triumph Gold President, Tony Barresi (Ph.D., P.Geo.), comments: “We have been lucky to have an experienced porphyry geologist like Jesse on our technical team and we are excited to welcome Jesse as Triumph’s new Vice President Exploration. I am confident that Jesse’s fresh ideas and meticulous and innovative approaches to exploration will yield more exploration successes for Triumph Gold.”
Jesse Halle (P.Geo.) comments: "I am extremely pleased to be assuming leadership of Triumph Gold’s technical team at such an exciting time for the Company. The past three years have shown continual exploration success at the Freegold Mountain Project with new areas of outstanding metal grades and economic potential. I am eager to build on these discoveries and confident there are more to come.”
The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., President of 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 "Tony Barresi"
Tony Barresi, President
|For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
IR Pro Communications Inc.
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 expectations. 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.
VANCOUVER, British Columbia, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce results from RVD19-05, RVD19-06 & RVD19-07, the final three holes of the 2019 drill campaign on its 100% owned, 200 km2, road accessible Freegold Mountain Property in the Yukon Territory.
Triumph Gold President, Tony Barresi (Ph.D., P.Geo.), comments: “We are now even more convinced that a buried gold-rich porphyry system exists beneath the six kilometre long Revenue-Nucleus soil anomaly. Having completed seven of the deepest holes ever drilled on the property, we now have additional compelling evidence of a buried porphyry in each of the three areas tested, including long intersections of high-grade copper-gold mineralization, bonanza grade gold mineralization, an interpreted cupola (uppermost mineralized portion) of a causative intrusion beneath the WAu breccia, and clasts scavenged from another mineralized cupola 700 metres away in the Revenue Diatreme.”
Technical Highlights Include:
- Intersection of high-grade gold mineralization in the WAu Breccia: 174 grams per tonne (g/t) gold (Au) and 43 g/t silver (Ag) over 1 metre* (m) in RVD19-06 from 391.00 – 392.00m (Table 1)
- Intersection of three porphyry related mineralized zones in RVD19-06 (Table 1) at the WAu Breccia, demonstrating continuity of two, greater than 200m deep, mineralized bodies that were first intersected earlier this year in RVD19-02:
- Hangingwall Porphyry (80.50m* of 0.66 g/t AuEq** from 60.00 – 140.50m)
- WAu Breccia (43.00m* of 0.98 g/t AuEq** from 391.00 – 434.00m, using a top-cut of 10 g/t Au, and 88.34m* of 0.57 g/t AuEq** from 453.00 to 541.34m)
- Magnetite-chalcopyrite breccia in strongly potassic altered granite (36.21m* of 0.44 g/t AuEq** from 637.97 – 674.00m)
- Verifying a high grade near surface oxide and supergene zone with RVD19-07 (Table 1), which collared along the south-central contact of Revenue Diatreme (12.00m* of 2.35 g/t AuEq* from 24.00 to 36.00m), and extending the known depth of mineralization below that zone from 63.70m (historical drill hole GRS84-07) to 147.50m (124.50m* of 0.57 g/t AuEq** from 23.00 to 147.50m in RVD19-07)
- Multiple geological features indicating presence of, or proximity to, mineralized cupola(s) of a buried porphyry intrusion at both the WAu Breccia and Revenue West
Table 1: Highlighted Results from RVD19-06 & RVD19-07
VANCOUVER, British Columbia, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce positive results from drilling at the Blue Sky Zone on their 100% owned, 200 km2, road accessible Freegold Mountain Property in the Yukon Territory with the intersection of 218.39 metres of 1.26 grams per tonne (g/t) gold equivalent** contained within 304.39 metres of 1.00 g/t gold equivalent**.
Triumph Gold President, Tony Barresi (Ph.D., P.Geo.), comments: “It is with great pleasure that we announce positive drill results from the Blue Sky Zone, the second of three areas tested for high-grade, gold-rich porphyry style mineralization during the 2019 field season. Earlier in the season, drilling at the WAu Breccia met success, intersecting two mineralized zones that combined to form a very good intersection of 601.80 metres* averaging 1.1 g/t gold equivalent**. That success now continues with another long and rich intersection, three hundred meters away, at the Blue Sky Zone. As we continue to intersect and improve our understanding of these high grade breccia bodies, we build capacity to discover more of them and enhance the outcome of incorporating them into a future resource model.”
Technical Highlights Include:
- Intersection of the Blue Sky Porphyry Breccia, beginning 70 metres closer to surface than anticipated, resulting in 304.39 metres* (191.61 – 496.00m) of 0.64 (g/t) gold (Au), 5.9 g/t silver (Ag) and 0.23% copper (Cu), including:
• 219.39 metres* (191.61 – 410.00m) of 0.84 g/t Au, 6.9 g/t Ag and 0.27% Cu,
• With a higher grade included intercept: 51.17 metres* (270.00 – 321.17m) grading 1.43 g/t Au, 6.6 g/t Ag and 0.31% Cu.
Table 1: Highlighted Results from 2019 Drilling at the Blue Sky Zone