@TriumphGoldCorp TSXV$TIG $NFRGF Announces #Drill #Results Demonstrating #Porphyry #Mineralization Over 2.85 km Strike Length, including 57m of 1.01 g/t #Gold and 0.285% #Copper in RVD17-13, and #Discovery of a New #Gold Showing

Triumph Gold LogoTriumph Gold Corp. TSXV$TIG $NFRGF announced that prospecting and step out drilling to the east and west of the Revenue diatreme have been rewarded with significant new discoveries including:

  1. High-grade gold-rich porphyry mineralization in multiple drill holes in the Blue Sky Zone (Figure 1, Table 1, Table 2), east of the Revenue diatreme, including identification of visible gold in RVD17-01, and 57m of 1.72 grams/tonne (g/t) AuEq* at 1.08 g/t gold and 0.285% copper in RVD17-13.
  2. A corridor of high-grade, gold-rich, porphyry style mineralization over a strike length of 450m (including RVD1-13, previous bullet point) that extends from the eastern edge of the Revenue diatreme northeast into the Blue Sky Zone. Mineralization is open to depth and to the northeast where it appears to increase in grade.
  3. Identification of a robust porphyry related hydrothermal system responsible for dense stockwork veining, phyllic and potassic alteration and copper-gold mineralization from surface to 603m depth in a single drill hole collared 1.4 km west of the Revenue diatreme in the Keirsten Zone.
  4. Discovery of a new gold showing (Happy Creek showing) on the far eastern side of the Revenue/Nucleus 5.5 X 2.0 km soil/geophysical anomaly, 400m east of any historical drilling and over 1 km east of the Revenue diatreme.  The showing is defined with surface grab samples that grade up to 5.77 g/t gold and a 236m drill intersection with a length*** weighted average gold grade of    0.238 g/t.

Triumph Gold completed 12,904m of diamond drilling in 35 holes during 2017.  Results from 17 holes totalling 7,632m have been released to date.  The remaining results will be released in the coming weeks.

 Table 1: Location and Orientation of 2017 Diamond Drill Holes Testing the Blue Sky and Keirsten Zones

Hole # Easting** Northing** Azimuth Inclination Depth (m)
RVD17-01 383110 6913099 028 -60 508.71
RVD17-02 383107 6913092 208 -60 490.73
RVD17-03 383286 6913321 198 -70 505.66
RVD17-06 383311 6912718 180 -50 367.28
RVD17-07 383551 6912845 180 -60 484.63
RVD17-09 383902 6912633 204 -50 420.03
RVD17-11 383259 6912085 270 -60 483.11
RVD17-13 383282 6913319 014 -65 452.63
KZ17-01 380483 6913717 000 -70 603.50

 Motivation for Step Out Drilling

A primary objective of the 2017 drill program near Revenue was to demonstrate through systematic step outs that the Revenue diatreme is part of a larger porphyry system.  The idea was tested with drilling at the Blue Sky and Keirsten Zones which extend approximately 1 km to the east and west of the Revenue diatreme, respectively (Figure 1).  The motivation for the broad expansion of the exploration target at Revenue was identification of porphyry style high-grade copper-gold-silver and molybdenum mineralization that predates diatreme emplacement, in drill holes adjacent to the Revenue diatreme (noted below and Figure 1).

  • RVD11-019: 70.48m (179.25 – 249.73m) 1.489 g/t Au, 0.219% Cu
  • RVD11-022: 55.45m (86.75 – 142.20m) 0.418 g/t Au, 0.191% Cu
  • RVD11-028: 162.36m (84.79 – 247.15m) 0.446 g/t Au, 0.218% Cu, 0.085% Mo.

While the diatreme is recognized as an exploration target itself, the possibility that it is surrounded by a porphyry with significant gold and copper grades remained largely untested until the 2017 drill program.

Porphyry Mineralization in the Blue Sky Zone

The Blue Sky Zone encompasses a multi-element soil anomaly that extends up to 1.5 km east of the Revenue diatreme (Figure 1).  Relogging of core from RVD11-019, 022 and 028 in 2016 identified two stages of mineralization, including an early stage of classic porphyry related stockwork veining with potassic alteration with good gold-copper-molybdenum grades (see above). Step out drilling in 2017 was designed to test for eastward extensions of that mineralization within the Blue Sky Zone soil anomaly.  Three drill holes that tested the Blue Sky Zone intersected significant porphyry style mineralization (Figure 1, Table 1, 2).

  • RVD17-013 was collared 350 metres northeast of drill holes RVD11-019, 22 and 28, and intersected 119m of copper-molybdenum-gold-silver porphyry style mineralization grading 0.60% CuEq*, with a 57m thick high-grade, gold-rich core grading 1.09% CuEq* at 1.083 g/t gold and 0.285% copper (Table 2).
  • RVD17-01 was collared 100 metres east of drill holes RVD11-19, 22 and 28 and intersected 148.58m of copper-molybdenum-gold-silver porphyry style mineralization. Average grades within the intersection include 39.58m of 0.40% CuEq* and 94.38m of 0.48% CuEq* (Table 2).
  • RVD17-03 was drilled from the same setup as RVD17-13 but in the opposite direction. It is interpreted to have just skimmed the edge of the mineralized zone, intersecting multiple short domains of porphyry style mineralization and alteration including 18.60m of 0.423 g/t gold and 0.105% copper (Table 2, 4).

Together with results from RVD17-12 (PR#17-12, October 19, 2017: 245m of 0.37 CuEq* with a 58.65 metre high-grade core grading 0.971 g/t Au and 0.218% Cu), and historical drill holes RVD11-19, 22 and 28, a corridor of high-grade, gold-rich, porphyry style mineralization is now demonstrated over a strike length of 450m. The geometry of the mineralized zone is not well understood, but at minimum it is open at depth and to the northeast where, based on results from RVD17-13, it appears to be increasing in grade.

Table 2: Length*** Weighted Drill Intercepts – Highlights from 2017 drilling of porphyry related mineralization in the Blue Sky Zone

Hole # From

(m)

To

(m)

Length*** (m) Au (g/t) Ag (g/t) Cu

(%)

Mo (%) AuEq* (g/t) CuEq* (%)
RVD17-01 315.42 355.00 39.58 0.402 1.7 0.097 0.013 0.64 0.40
Including 315.42 317.00 1.58 5.750 0.7 0.041 n/a 5.82 3.68
And 369.62 464.00 94.38 0.337 3.9 0.169 0.022 0.76 0.48
RVD17-03 214.40 233.00 18.60 0.423 2.3 0.105 0.007 0.65 0.41
RVD17-13 88.00 207.00 119.00 0.614 3.4 0.154 0.010 0.95 0.60
Including 112.00 169.00 57.00 1.083 6.6 0.285 0.020 1.72 1.09
Including 121.00 155.00 34.00 1.605 9.2 0.388 0.019 2.44 1.54

Porphyry Mineralization in the Keirsten Zone

The Keirsten Zone is a newly identified target area within the roughly 5.5 X 2.0 km soil and geophysical anomaly that encompasses the Revenue and Nucleus areas (Figure 1). The area was targeted for exploration in 2017 to test an intense chargeability and resistivity high at depth. KZ17-01 was drilled near the center of the chargeability high. The top 193 metres of bedrock are phyllic altered quartz-feldspar porphyry, with textures identical to the dykes that are responsible for high-grade gold mineralization at the Nucleus deposit 1 km to the west.  Beneath the quartz-feldspar-porphyry, to the end of hole at 603.50 metres, strongly veined and altered granite with complex overprinting propylitic, phyllic and potassic alteration assemblages was intersected. The granite is identical in texture and composition to granite in RVD17-12 and RVD17-13 up to 2.85 km to the east, and despite the lower grades of copper and gold in KZ17-01 (Table 4) compared to RVD17-12 and RVD17-13, the stockwork veining is more intense. It is of particular note in KZ17-01 that mineralization extends from the bedrock surface to the bottom of the hole at 603.50m depth.  This is indicative of a large mineralized system, yet the Keirsten Zone is virtually unexplored in every direction.  Encouraging results from surface samples collected from a new drill road within the zone are suggestive of nearby higher grade gold-rich domains (Table 3).

Table 3: Surface grab samples with significant Gold from the Keirsten Zone

Sample Easting** Northing** Au (g/t) Agg/t)
E446471 380465 6914172 0.423 2.2
E446474 380551 6914393 1.025 14.0
E446476 380609 6914511 0.461 2.1

Tony Barresi, Triumph’s VP Exploration, comments: “Geological results from drilling in the Keirsten Zone are encouraging. While the copper and gold grades in KZ17-01 are low, the continuity of mineralization and alteration and intensity of the veining are suggestive of a large and vigorous hydrothermal system that we are eager to continue to explore in 2018.”

Table 4: Length*** Weighted Drill Intercepts – Table of Significant results (See below for RVD17-09) – Mo only reported where composite average is > 15ppm

Hole # From

(m)

To

(m)

Length***(m) Au (g/t) Ag (g/t) Cu

(%)

Mo (%) AuEq* (g/t) CuEq* (%)
RVD17-01 97.00 99.00 2.00 1.475 8.8 0.362 0.002 2.18 1.37
And 315.42 355.00 39.58 0.402 1.7 0.097 0.013 0.64 0.40
Including 315.42 317.00 1.58 5.750 0.7 0.041 5.82 3.68
And 369.62 464.00 94.38 0.337 3.9 0.169 0.022 0.76 0.48
RVD17-02 87.29 89.00 1.71 1.055 0.4 0.023 1.10 0.69
And 110.00 112.00 2.00 0.704 0.4 0.020 0.74 0.47
RVD17-03 28.00 30.00 2.00 1.225 4.7 0.181 1.58 1.00
And 78.00 80.00 2.00 1.130 2.6 0.129 0.003 1.38 0.87
And 162.00 174.31 12.31 0.275 2.3 0.134 0.53 0.33
And 214.40 233.00 18.60 0.423 2.3 0.105 0.007 0.65 0.41
Including 216.50 220.50 4.00 0.981 3.7 0.149 0.016 1.34 0.85
And 242.98 250.14 7.16 0.257 2.4 0.128 0.007 0.53 0.33
And 312.00 313.00 1.00 4.270 1.7 0.251 4.69 2.96
RVD17-06 No Significant Results
RVD17-07 5.00 7.00 2.00 0.748 0.2 0.019 0.78 0.49
And 13.00 15.00 2.00 0.932 0.4 0.024 0.98 0.62
And 148.00 150.00 2.00 0.813 0.5 0.029 0.87 0.55
And 367.00 397.00 30.00 0.086 1.0 0.062 0.20 0.13
RVD17-11 17.00 18.00 1.00 0.514 48.40 1.110 2.92 1.84
And 221.00 222.00 1.00 2.820 1.5 0.119 3.04 1.92
RVD17-13 88.00 207.00 119.00 0.614 3.4 0.154 0.010 0.95 0.60
Including 112.00 169.00 57.00 1.083 6.6 0.285 0.020 1.72 1.09
Including 121.00 155.00 34.00 1.605 9.2 0.388 0.019 2.44 1.54
And 260.00 268.00 8.00 0.742 0.6 0.027 0.021 0.90 0.57
And 390.00 392.00 2.00 1.990 1.0 0.034 2.06 1.30
KZ17-01 50.34 603.50 553.16 0.071 0.3 0.023 0.11 0.07
Including 276.00 277.50 1.50 3.710 0.6 0.023 0.004 3.78 2.39
Including 343.00 363.00 20.00 0.173 0.6 0.059 0.002 0.29 0.18

Discovery of New Gold Showing – The Happy Creek Showing

A new zone of gold mineralization was discovered during reconnaissance prospecting and drilling within the Blue Sky Zone soil anomaly.  RVD17-09, which represents a 1.1 km eastward step out into the Blue Sky Zone (Figure 1), intersected a broad zone of gold mineralization associated with a swarm of aplite, pegmatite and lesser quartz-feldspar-porphyry dykes.  The upper 29 metres of core in RVD17-09 is strongly fractured and oxidized and grades 0.510 g/t gold; it is contained within a 269m intersection of 0.238 g/t gold, with ten longer than 1-meter samples grading over 1 g/t gold (Table 5).  Two surface grab samples of bull quartz collected from regolith returned gold grades of 5.77 and 3.76 g/t (Table 6).  The location of the Happy Creek showing, and the collar of RVD17-09 represents the farthest step out east of the Revenue diatreme to date.  The showing is 1.1 km east of the Revenue diatreme and 400 metres east of any other drill holes.  It is the only drill hole that has ever tested the Happy Creek drainage and mineralization is considered open in every direction.

Table 5: Length*** Weighted Drill Intercepts – Happy Creek Showing

Hole #   From (m) To  (m) Length*** (m) Au (g/t)
RVD17-09 21.00 290.00 269.00 0.238
Including 21.00 50.00 29.00 0.510
Including 35.00 37.00 2.00 1.180
Including 48.00 50.00 2.00 1.380
Including 82.00 83.50 1.50 1.035
Including 95.00 97.00 2.00 1.435
Including 105.00 106.50 1.50 3.720
Including 172.78 174.00 1.22 1.530
Including 208.00 210.00 2.00 1.170
Including 234.00 262.00 28.00 0.341
Including 248.00 250.00 2.00 1.175
Including 286.00 288.00 2.00 1.035
And 387.16 389.00 1.84 3.140

Table 6: Surface grab samples from the Happy Creek Showing

Sample Easting** Northing** Au (g/t) Ag (g/t)
G286224 383900 6912750 3.76 7.7
G286225 383894 6912768 5.77 6.8

Tony Barresi, Triumph’s VP Exploration, comments: “This new showing, which lies in the completely untested-by-drilling catchment of Happy Creek, a known placer creek, represents an exciting new exploration target.  The tenor of gold mineralization encountered so far is similar to what was seen in some of the early drill holes and surface samples at Nucleus.”

Summary of Revenue Geology

Porphyry mineralization at Revenue extends from at least the Keirsten Zone to the Blue Sky Zone, and was encountered in the farthest step out holes both east and west of the Revenue diatreme.  The mineralizing system is composed of a large porphyry, at least 2.85 km in strike length, with a mineralized diatreme in its center and the Nucleus gold deposit off its western flank. If gold mineralization encountered in the newly discovered Happy Creek showing is also porphyry related then the strike length of porphyry mineralization is increased to 3.6 km.  Within the diatreme and surrounding granite there are numerous drill intersections of good copper-gold, silver and molybdenum grades, however, now with the results of 2017 drilling, there is a demonstrated zone of high-grade, gold-rich, porphyry style mineralization that extends at least 450 meters from the eastern margin of the Revenue diatreme eastward into the Blue Sky Zone, where it appears to be increasing in grade, and remains open to the northeast and depth.

President’s Comment

Paul Reynolds, Triumph’s President & CEO, comments: “New drilling in 2017 has demonstrated a vast area of porphyry style mineralization extending at least 2.8 km from the Keirsten Zone to the Blue Sky Zone, both of which are new discoveries this year. In addition to defining a very large porphyry footprint we have also made numerous intersections of gold-rich high-grade porphyry mineralization (see this NR and NR17-12 dated October 19, 2017).  The elements of size and grade are beginning to stack in our favour and the possibility that a very large porphyry deposit underlies what had previously appeared to be separate showings, is becoming more and more compelling as we continue to explore.”

Notes:

* Copper and Gold Equivalent [CuEq*, AuEq] are used for illustrative purposes, to express the combined value of copper, gold, silver and molybdenum as a percentage of either copper or gold.  No allowances have been made for recovery losses that would occur in a mining scenario.  CuEq and AuEq are calculated on the basis of US$3.10 per pound of copper, US$1,305 per troy ounce of gold, US$17.40 per troy ounce of silver and US$7.00 per pound of molybdenum oxide.

** Coordinates are given in North American Datum 83 (NAD83), Zone 8.

*** Length refers to drill hole intercept.  True widths have not been determined.

Methods and Qualified Person

Drill core samples ranged between 1 and 2m length and were cut at Triumph’s core logging facility on the Freegold Mountain Property (Revenue Camp; Figure 1).  The samples were analyzed by ALS Global of North Vancouver, British Columbia.  They were prepared for analysis according to ALS method PREP35: each sample was crushed to 70% passing 2mm and a 250g split was pulverized to better than 95% passing 106 micron mesh.  Gold was tested by fire assay with atomic absorption finish on a 30g nominal sample (method Au-AA23), and samples that tested over 10 g/t Au were retested using fire assay with a gravimetric finish (method Au-GRA21).  An additional 35 elements were tested by ICP-AES using an Aqua Regia digestion (method ME-ICP41), over limit samples for copper were retested using the same technique but with assay grade Aqua Regia digestion and a higher range of detection (method ME-OG46).  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 one in ten samples submitted by Triumph Gold was a blank or certified reference standard.  QAQC samples that returned unacceptable values triggered 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.

Revenue Nov2_2017_Landscape V3

@TriumphGoldCorp TSXV$TIG $NFRGF Announces Multiple Diamond Drill Hole Intersections of Au-Cu Mineralization on Eastern Margin of The Revenue Diatreme including 58.65m of 1.48 g/t #Gold Equivalent* @ 0.971 g/t Au & 0.22% Cu

Highlights of Press Release:   Triumph Gold Logo

  • Triumph announces that diamond drilling along the relatively underexplored eastern margin of the Revenue diatreme has been rewarded with multiple intersections of copper, gold, silver +/- molybdenum mineralization. Recent geological reviews of mineralization in the Revenue area, aided by development of a 3D geological model of the 1,300 X 400 metre elliptical Revenue diatreme, targeted the eastern portion of the diatreme as most prospective for gold and copper mineralization.  The 2017 exploration program at Revenue was designed to test the eastern area with five drill holes totaling 2,032 metres.
  • Geological highlights of the drill program include:
    • Identification of an oxidized breccia/deep-weathering zone with significant gold from the bedrock surface to 68m depth (RVD17-10; 68m @ 0.64 g/t Au). This intersection is in an area that has not been explored for near surface mineralization, in part due to absence of a gold in soil anomaly, which is now attributed to thick overburden.  Samples from this interval are being sent for metallurgical testing to determine if gold can be extracted via cyanide leach.
    • In RVD17-12, a broad intersection (approximately 180 metres long) of porphyry style stockwork veining with potassic and phyllic alteration, adjacent to, and beneath the surface expression of, the Revenue diatreme.
    • The intersection of a high-grade breccia zone in RVD17-12 (58.65m @1.48 g/t Au eq.), which is interpreted to be a continuation of hydrothermal breccias encountered in RVD11-22 and RVD11-28, defining at least 120 meters strike-length of high grade mineralization that is open at depth and contained within a broad lower grade envelope.
    • At least three types of superimposed mineralization, including:
    • Early porphyry style mineralization;
    • Late hydrothermal breccias and replacement style mineralization; and
    • Near surface enrichment of gold.
  • Paul Reynolds, Triumph Gold’s President and CEO, states: “We are very encouraged by these results. Each of the styles of mineralization encountered at Revenue could be a stand-alone target, but along the eastern margin of the Revenue diatreme, where we have discovered that they are superimposed, there is an exceptional opportunity to explore for a high-grade, near-surface Au-Cu resource.”

For full press release, go to:  http://www.triumphgoldcorp.com/news/news-releases/

@TriumphGold $TIG $NFRGF 13,000 Metre #Drill #Program Underway at #Freegold #Mountain #Project, #Yukon

Triumph Gold TSXV.TIG commenced a 13,000 metre diamond drill program at its road accessible Freegold Mountain project in the Dawson Range, Yukon. The program will test several new drill targets identified during 2016 field exploration and data review.  The 2016 work focused on identifying geological controls on mineralization at the Revenue and Nucleus porphyry deposits on the Freegold Mountain Property.  These studies recognized an early stage of porphyry-style mineralization that was not targeted during past exploration.  The work defined three new exploration targets, one each at Revenue and Nucleus, and a newly identified porphyry target at the Generation Zone.

Triumph Gold Logo

  • Drilling is now underway at the Generation Zone, a newly recognized porphyry Cu-Au system. The identification of high density stockwork with multiple vein events, high temperature alteration, and associated copper and gold mineralization indicates that the Generation Zone represents a high-temperature core to a porphyry Cu-Au system.  Triumph plans 2,000 metres of drilling to test this zone.
  • A second drill will be mobilized within a week and begin drilling at the Revenue and adjacent Blue Sky Zones.  At Revenue, past exploration focused on the mineralized margin of an approximately 1 km long elliptical diatreme.
  • Other areas that will be drill tested include the Nucleus Zone (4,000m) and a soil and geophysical anomaly that extends 2 km along strike between the Nucleus and Revenue deposit areas (2,000 m).

Go to www.triumphgoldcorp.com for full news release dated June 7, 2017

@TriumphGoldCorp $TIG $NFRGF 2017 #Exploration Plans #Gold #Yukon

Triumph Gold Logo

Triumph intends to execute a $4 million exploration program on the Freegold Mountain property, as well as smaller reconnaissance mapping and sampling projects on Tad/Toro and Severance properties in Yukon and Andalusite Peak in northern British Columbia.

Exploration on the Freegold Mountain property will commence in late May and extend until early October.  The work will include approximately 13,000 m of diamond drilling, seven line km of trenching, geological mapping, prospecting and a soil geochemistry survey.

Drilling will be focused on four areas:

  1. Nucleus (4,000 m). The Nucleus deposit involves several superimposed deposit types and contains 1.3 million Ozs gold within 74.7 million tonnes in the indicated category (0.30 g/t AuEq1 cut-off).  2017 exploration drilling will comprise broad step outs that target areas prospective for extensions of one or more of the deposit types.
  2. Revenue and the adjacent Blue Sky Zone (5,000 m). Revenue is a porphyry style deposit that contains 1.0 million Ozs gold, 8.98 million Ozs Ag, and 241 million lbs copper within 80.8 million tonnes in the inferred category (0.5 g/t AuEq1 cut-off).  2017 drilling near Revenue will focus on the Blue Sky Zone, a 2.3 square km area to the east of Revenue, with coincident soil and chargeability anomalies that are adjacent to and along strike of some of the longest and best drill intersection within the main Revenue Zone (e.g. 16% Cu, 0.66 g/t Au over 196.02 m [RVD11-019 368.88 – 476.94m]).
  3. The newly discovered Generation Zone (2,000 m). The Generation zone is a porphyry copper gold target identified in 2016.  It consists of strongly altered granodiorite exposed over 80 meters that contains a high density of mineralized quartz +/- magnetite veins. The mineralized outcrops are centered approximately 150 meters above the modeled depth of a strong 2.9 X 1.3 km chargeability high.
  4. A soil and geophysical anomaly that extends 2 km along strike between the Nucleus and Revenue deposit areas (2,000 m).

Drilling at the Nucleus and Revenue deposit areas will constitute significant step outs, up to 1.5 km from the current resource areas, to test new exploration targets developed during a thorough data and drill core review conducted in 2016.

Exploration at the property’s third resource area, the Tinta polymetallic vein deposit, will include broadening of the existing soil geochemistry survey area with approximately 1,200 samples over 7 km2.  This will complement the ground magnetic and VLF-EM survey that was conducted in 2016, which defined several strong conductors that parallel the Tinta vein deposit and are coincident with Au, Ag, Pb, Bi in soil anomalies over the limited existing soil grid.  Once results are obtained, trenching will be conducted over coincident anomalies.

A number of less developed prospects on the Freegold Mountain property, including the Nitro, Castle, and Stoddart porphyry prospects and Goldy, Ridge, and Irene epithermal gold prospects, will be the subject of focused data, drill core, and field studies/reviews by Triumph’s senior geologists in order to evaluate exploration potential.

NI 43-101 Disclosure

  1. AuEq is based on metal prices of $1,250/oz for gold, US$22.00/oz for silver, US$2.90/lb for copper and US$10.00/lb for molybdenum. The AuEq calculations reflect gross metal content and do not apply any adjustment factors for difference in metallurgical recoveries of gold, copper, silver and molybdenum.
  2. Mineral resources do not demonstrate economic viability, and there is no certainty that these mineral resources will be converted into mineable reserves once economic considerations are applied.
  3. The above mineral resource estimates have been prepared in compliance with the standards of NI 43-101 by J. Campbell, B.Sc., P. Geo., A. Armitage, Ph.D., P. Geol., A. Sexton, M.Sc., P. Geo., and D. Studd, M.Sc., P. Geo. of GeoVector Management Inc.

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo, Vice President Exploration of the company and qualified person for the purposes of National Instrument 43-101 — Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators.

Options Granted

Subject to regulatory approval, the Company has granted 5,900,000 incentive stock options to officers, directors, employees and consultants at a price of $0.40 per share for a period of five years from grant.

@dynaCERT $DYA $DYFSF Collaboration with Northwest Territory Power Corp.

dynaCERT_web Jan 2017

dynaCERT announced the collaboration with the Northwest Territory Power Corp. in Yellowknife, NT in a fuel savings and emission reduction pilot project located in Deline, NT. Delines is located on the southwest share of Great Bear Lake, about 400 km northwest of Yellowknife. Deline is only serviced via aircraft and winter ice roads. The NTPC operate 3,500 diesel power generation units in remote villages and communities across the Territory.

The dynaCERT-NTCP project, at this important initial stage, consists of the sale, installation and commissioning of four dynaCERT HG1 units onto three stationary generator units that in turn are responsible for producing all of the electricity in the village of Deline. One stationary generator unit will have two HG1 units. The NTPC engineering team has worked closely with the dynaCERT engineers to design this specific application for the community to align with NTPC’s stated goal of reducing their reliance on fossil fuels.

Robert Maier, COO of dynaCERT, states, “NTPC continues to work hard at the leading technological edge to improve the lives of the people they serve.  We are pleased that our HydraGENTM technology is part of this pilot project opportunity to lower operating costs for NTPC and improve the environment for northern communities.”

Jim Payne, President & CEO of dynaCERT, states, “We are very pleased to work with NTPC and their communities. With Robert Maier’s managerial and technical leadership, dynaCERT continues to develop new applications and enter varied markets for its HG1 units, not just in trucking but also in remote location power generation. Our engineering creativity, supported by our ongoing commitment to R&D, is rapidly advancing our Company in the diverse world of diesel uses in furtherance of our corporate strategy.”

@PistolBayMining $PST Increases Size of Confederation Lake VTEM Survey

Pistol Bay Logo3Pistol Bay expanded the upcoming VTEM airborne electromagnetic and magnetic survey to cover almost twice the area of the original survey plan. Geotech Limited is contracted to survey the 40 km length of the Confederation Lake greenstone belt, southeast of Red Lake, Ontario.

With a larger loop, more power and better signal-to-noise resolution than earlier airborne electromagnetic systems, the current version of VTEM™, known as VTEM™ Plus, is able to resolve conductors at significantly greater depths than any previous airborne system.  By flying a survey over large areas of favourable geology, Pistol Bay will be exploring a depth slice that has only been investigated in the past by large-loop ground EM systems over very limited areas.  Target definition will be materially assisted by two recently acquired data sets.  A whole-rock geochemical database with almost 7,000 analyses was inherited from Noranda Exploration by AurCrest Gold Inc. and delivered to Pistol Bay as part of the AurCrest Gold property acquisition (see Pistol Bay news release January 18, 2017).  As well, a data set of Selco drill results, many of which were never in the public domain was supplied by the vendor of the Joy North property (see Pistol Bay news release February 22, 2017).

@PistolBayMining $PST Executes LOI to Option Copperlode Property with Five Known Zinc-Copper Zones

Pistol Bay has the option to acquire up to an 80 percent interest in the Copperlode Property by making certain payments and share issuances.  The Copperlode Property consists of four mining claims comprising 31 claim units for a total area of approximately 496 hectares or 1,225 acres.  Frontline holds the claims under option from a vendor.  The Copperlode Property hosts two mineralized zones with historical mineral resources based on drilling by Copperlode Mines Ltd. and Rexdale Mines Ltd. in the 1960s and 1970s:

The Copperlode “E” Zone has a historical resource of 145,000 tonnes with reported grades of 8.28% zinc, 1.02% copper and 24 grams per tonne silver.  The Copperlode “D” Zone has a historical resource of 32,600 tonnes reported to average 7.58% zinc and 0.26% copper.  These historical resources do not comply with current standards as spelled out in National Instrument 43-101.  Insufficient work has been done on these zones by a qualified person to determine whether 43-101 compliant mineral resources exist.

Other mineralized zones on the Copperlode Property, with selected diamond drill intercepts, are:

  • Copperlode “B” zone, 6.3 metres @ 2.50% zinc and 1.68% copper
  • Copperlode “C” zone, 1.5 metres @ 0.21% zinc and 6.02% copper
  • Hornet Zone, 6.6 metres @ 7.56% zinc and 0.08% copper, also 5.03 metres @ 4.07% zinc and 1.13% copper.  The Hornet zone was discovered by Noranda Exploration in 1997; it is open at depth and along strike.

Visit:  www.pistolbaymining.com for full news release  Pistol Bay Logo3

@PistolBayMining $PST Closes #Financing, Extends Expiry on #Warrants

Pistol Bay Logo3Pistol Bay $PST closed a non-brokered private placement financing for gross proceeds of $336,600, issuing 3,960,000 units at a price of $0.085 per unit, each unit comprising of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share for a period of 18 months at a price of $0.12.

The Company has paid finder’s fees of a total of $32,810, 173,000 common shares, and an aggregate 223,000 finder’s warrants. Pistol Bay will use the proceeds of the private placement for exploration expenditures and general working capital.

The Company will extend the expiry date of 7,632,500 common share purchase warrants that were issued on August 29, 2016. The old expiry date of August 29, 2017 will be extended to August 29, 2018.

@PistolBayMining $PST to Commence VTEM (TM) Survey, Confederation Lake Project, Northwest Ontario

Pistol Bay $PST has contracted Geotech Ltd to carry out a 1,128 line-km helicopter-borne survey of the central part of the Company’s land position in Ontario. The survey will use Geotech’s Versatile Time-Domain Electromagnetic (VTEM Plus) system, which  includes a horizontal magnetic gradiometer.

Pistol Bay anticipates that this survey will explore the survey area to a significantly greater depth than previous airborne surveys, the last of which was done 20 years ago.

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@dynaCERT $DYA $DYFSF Receives CE Certification for HydraGEN (TM) #Technology in #Europe

dynaCERT $DYA $DYFSF has received CE Certification for its HydraGENTM techology for shipments to clients within Europe. Specifically, the models HG1 (Class 6-8 trucks), HG2 (Class 2-5 trucks, refrigerated trailers and shipping containers) and HG3 (diesel-powered ocean ships, locomotives and stationary generators).

The letters “CE” are the abbreviation of French phrase “Conformité Européene” which literally means “European Conformity”. This signifies that products sold in the European Economic Area (EEA) have been assessed to meet high safety, health, and environmental protection requirements. This also applies to products made in other countries that are sold in the EEA.

There are two main benefits CE marking brings to businesses and consumers within the EEA:

  • Businesses know that products bearing the CE marking can be traded in the EEA without restrictions.
  • Consumers enjoy the same level of health, safety, and environmental protection throughout the entire EEA.

dynaCERT announced that Mr. Enrico Schlaepfer has joined the company as the VP of Global Sales.   Mr. Schlaepfer is fluent in English, French, German and Italian and has over 35 years experience managing large global sales and distribution agents. Mr. Schlaepfer states, “CE Certification now paves the road to the European market and to my contacts in Europe.”

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