Triumph Gold Corp. (TSXV:TIG, OTC:TIGCF) President & Director Tony Barresi joined the Investing News Network at #PDAC2020 conference to discuss the progress his company has made exploring its properties in the Dawson Range, #Yukon. #gold
Barresi believes the action in the price of gold recently has created increased interest in the resource space, especially for those seeking a safe haven in an asset like gold. “It was good timing for us to be able to release some new results. We have a flagship property in Yukon, the Freegold Mountain property. We’ve been having some incredible success over the last three years with drilling that property. While we’ve been doing the drill program, we’ve been advancing a bunch of other pipeline projects as well. The property itself is district in scale, it’s 200 square kilometers, 34 kilometers from end to end. We’ve had some great results and that’s what we released today.”
On March 3rd Triumph Gold released results from rock sampling and trenching at one of their pipeline projects, the Irene-Goldstar epithermal gold-silver corridor, with samples grading up to 93.8 g/t gold and 1108 g/t silver. The mineralized corridor has a 3.7-kilometre-long strike-length, that has been defined with historical drilling over 450 meters at the top of Freegold Mountain, and over a similar length two kilometres away in a gold-rich placer creek at the bottom of the mountain. There, in 2017, “we drilled over a 450-meter section and got multi-gram gold over multiple meters in every hole,” said Barresi.
Until 2019 a two-kilometre-long area between the drill-tested areas, had not been sampled due to heavy vegetation and overburden. Then in 2019 “we went along the top of the mountain to the edge of what had previously been explored and dug trenches over an additional 600 meters. Again, we ended up with multi-gram gold over multiple meters in those trenches. We ended up with a sample that was 96 grams gold and over 1100 grams silver along with a whole bunch of other multi-gram gold samples” noted Barresi. Moving forward, Triumph Gold intends to follow up on the success of the 2018 and 2019 exploration seasons on the Freegold Mountain property.
“We’re looking at doing another season of very aggressive drilling, probably thousands of meters,” said Barresi. “We’re following up on the discoveries that we made in the Revenue-Nucleus area. Revenue and Nucleus are two pre-existing resources on our property, they amount to about 2 million gold equivalent ounces.”
Over the past few years the company has conducted extensive drilling within a six-kilometre-long area that surrounds the resources, discovering new high-grade, gold-rich porphyry copper-gold related mineralization.”
dynaCERT $DYA $DYFSF has officially launched the marketing of its new HG2 line of on-board on-demand hydrogen injection system for diesel engines.
Following the commercialization and global market acceptance of dynaCERT’s effective HG1 line of products, the smaller HG2 units are now also in commercial production.
After approximately two years of R&D, testing, verifications, modifications and re-designs, the first HG2 units of HydraGENä Technology products are now available to dealers and distributors of dynaCERT for their clients.
The HG2 unit provides similar advantages as the existing HG1 line of products, including lowering carbon emissions and reducing fuel consumption in diesel engines.
However, the HG2 unit is much smaller in size than the HG1 unit. The new HG2 unit is suited for smaller diesel engines than those that are specifically suited to the HG1 line of HydraGENä Technology.
The HG2 unit is appropriate for those smaller displacement diesel engines used in Buses, Class 2 to Class 7 trucks, Refrigerator Trailers and Containers, Mobile Construction Equipment, Small Generators and Smaller Trucks commonly found outside of North America, such as in European countries and in India. This market size represents approximately 20 million applications in North America and similar sized market opportunities in each of the European and Asian markets.
dynaCERT’s engineers were successful in combining the benefits of two prototype HG2 models into one single more advanced and powerful model. The new HG2 model includes a completely newly developed HydraGENä reactor design, a built-in water tank, a climate control system and our next generation electronics, dynaCERT’s Smart ECU2. As well, the HG2 units feature dynaCERT’s new HydraLyticaä telematics system enabling the display of the lower fuel consumption and carbon emissions reductions in real time. Under normal operating conditions, the HG2 unit will produce hydrogen (H2) gas flows suitable for diesel engines from 1 to 5 litres in displacement.
The addressable market of dynaCERT has expanded very notably with the addition of the new HG2 model.
#triumphgoldcorp $TIG $TIGCF
Triumph Gold Corp. at the Potential Break Out Point
Andrew O’Donnell @ChargingStocks #superchargedstocks
Click this link for the article: https://www.superchargedstocks.com/post/triumph-at-the-potential-break-out-point
#gold #copper #miningexploration #investing #mining #porphyry #yukon
Tony Barresi provides a great overview of Triumph Gold’s assets, infrastructure (government maintained road throughout property), largest shareholder (Newmont Goldcorp) and exploration program and potential for 2019 (drilling deepest hole drilled in Yukon into Yukon’s richest porphry). Very interesting information!
Triumph Gold $TIG $TIGCF announced that a powerful drill capable of reaching depths of 2,000 metres has been mobilized onto the company’s 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Phase I drilling will comprise a minimum of 5,000 metres in five holes that target high grade, gold rich, copper gold porphyry style mineralization intersected during the 2018 drill program.
Highlights of the program include:
- Testing the down dip extension of high grade, gold rich, porphyry style mineralization in the Blue Sky Zone to a depth of approximately 1,600 metres.
- Testing the down dip extension of high grade, gold rich, breccia style mineralization and surrounding porphyry mineralization at the WAu Breccia to a depth of approximately 1,000 metres.
- Testing a 2.8 kilometre long, intense chargeability anomaly (Big Red), which underlies the core of a six kilometre long multi-element soil anomaly that delineates a porphyry related hydrothermal system and encompasses the Nucleus, Revenue, Blue Sky and related zones. A 1,000 metre deep drill hole collared approximately two kilometres west of the Blue Sky Zone is planned to test this anomaly.
The target of Phase I drilling is a buried copper gold porphyry that has not been previously tested by drilling. Interpretation of integrated geophysical data from induced polarization (IP), magnetotelluric (MT) and magnetic surveys suggests that a deep porphyry target, over 400 metres below the Revenue and Nucleus gold and copper deposits, cores a six kilometre long coincident geophysical and multi-element soil anomaly. Geology and isotopic age dating indicate that a Late Cretaceous, gold rich, porphyry related mineralizing event generated the near surface Nucleus, Blue Sky, WAu Breccia, Keirsten, Revenue West, Granger and Guder zones. However, since only relatively small porphyry dykes of that age are associated with these zones, a larger causative porphyry intrusion may be buried beneath the current depth of drilling along the six kilometre long mineralized area. In most porphyry deposits the highest grade, most voluminous and continuous mineralization is contained near the interface between the causative intrusion and surrounding rock; that is the area being targeted by the Phase I drill campaign.
Drilling will be focused in three areas: The Blue Sky Zone, the WAu Breccia, and Revenue West. The Blue Sky Zone and WAu Breccia represent areas where high grade mineralization is hosted in broken and altered Middle Cretaceous granite. Triumph’s geologists believe that these mineralized zones, which have regular and predictable geometry, are the best vectors into the causative intrusion that lies beneath. Drilling at Revenue West will test a 500 metre deep chargeability anomaly that coincides with the proposed location of the mineralized zone at the interface with the causative intrusion.
Combined, the three target areas test across an approximately two kilometre strike length, and beneath mineralization that generated high grade, gold and copper intersections, including the Blue Sky Porphyry, which produced some of the highest grade greenfield exploration, porphyry related intersections globally in 2018.
Abbreviated highlights of historical results from the Blue Sky Porphyry, and WAu Breccia are listed in Table 1. Full results are documented in PR18-07 dated July 31, 2018 and PR18-09 dated September 12, 2018. For more detailed information about the six kilometre long target area, the Blue Sky Porphyry, WAu Breccia and Big Red, see Triumph Gold’s Corporate Presentation.
Table 1. Abbreviated Highlights of Historical Drilling at Blue Sky Porphyry and WAu Breccia;
|Drill hole||Length (metre)||Gold (g/t)||Silver (g/t)||Copper (%)||Mo (%)|
|Blue Sky Porphyry|
g/t = gram/tonne
Triumph Gold’s Executive Chairman John Anderson comments, “With the technical data to back up this amazing exploration story, Triumph is swinging for the fences this year. The upside for our investors is the possible discovery of a previously untested buried copper gold porphyry system that by all indications could be world class in size and grade.”
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) is pleased to announce the results from the 2018 surface sampling program conducted at the Drone, Granger and Blue Sky zones, within the 6-kilometre-long multi-element soil anomaly that encompasses the Revenue and Nucleus deposit areas on Triumph Gold’s 100% owned, road accessible, Freegold Mountain Property, in the Yukon Territory, Canada.
Highlights of results include:
- At the newly discovered Drone Zone grab and chip samples within a 100 X 25 metre area of exposed altered and mineralized bedrock and regolith contain local bonanza grade gold (Au) concentrations up to 450 grams per tonne (g/t)* and consistently anomalous to high grade copper (Cu) up to 2.09%.
- Within the Blue Sky Zone 13 new grab samples* have an average grade of 4.5 g/t Au, ranging up to 16.8 g/t Au. The Blue Sky zone was identified in 2016 as prospective for gold-rich porphyry mineralization and in 2017-2018 the high grade, gold rich Blue Sky Porphyry was discovered (e.g. RVD18-19 with 316 metres @ 1.10 g/t Au, 0.27% Cu). The 2018 grab samples were collected 400-800 metres southeast of the Blue Sky Porphyry discovery area identifying the surface expression of a new and previously untested mineralized zone.
- At the Granger Zone oxide-gold target, samples from two new trenches define gold mineralization in highly oxidized rock at surface and demonstrate continuity of mineralization between surface and intersections made in 2018 drill holes that tested beneath the trenches. Results from trenches include:
- In TR18-04,70 g/t Au over 18.5 metres** including 3.26 g/t Au over 1 metre** on the southern end of the trench, leaving the highest grade portion of the mineralized body open to the south.
- In TR18-03,04 g/t Au over 3.5 metres** and 0.89 g/t Au over 4 metres**.
The 2018 surface sampling program in the Revenue-Nucleus area was designed to explore for, test and validate near-surface targets within a six-kilometre-long multi-element soil anomaly that encompasses the Revenue and Nucleus deposits (Figure 1). Triumph Gold geologists believe that the entire soil anomaly is underlain by rocks affected by a gold-rich hydrothermal system related to a large buried porphyry intrusion that has yet to be tested by drilling. The surface sampling program tested three main areas with a total of 164 linear chip or channel samples collected from exposed bedrock or in excavated trenches, and 35 grab samples of bedrock, regolith or locally sourced float.
The Drone Zone was discovered in 2018 as a result of local placer mining operations that exposed a roughly 100 X 25 metre area of altered and mineralized outcrop at the bottom of the Mechanic Creek valley (news release PR#18-11 dated October 16, 2018). This new zone is located 500 metres east of high-grade drill intercepts in the Nucleus gold deposit, and 500 metres west of drill holes that intersected the Keirsten Zone porphyry. Mineralization encompasses the entire area of exposure, which consists of granite hosting large xenoliths of biotite schist, and cross-cut by irregular quartz-feldspar-porphyry dykes and thick gouge-rich faults. Mineralization comprises disseminated sulfides and quartz-sulfide veins with pyrite, chalcopyrite, and lesser arsenopyrite, bismuthinite and visible gold.
The Drone Zone was tested with 49 chip samples and 21 grab samples*. Sample F00032970 which assayed 450 g/t Au and 19 g/t Ag contained abundant visible gold and was collected from locally sourced rock debris at the eastern side of the placer mining cut where the zone appears to extend beneath overburden. Mineralization with anomalous to bonanza grade gold and copper concentrations is consistent though the Drone Zone; assay highlights are reported in Table 1. The zone is open in all directions and has never been drilled or previously explored.
Table 1: Significant Grab and Chip Samples from the Drone Zone 2018
|Drone Zone Grab Samples*|
|Sample ID||Northing***||Easting***||Au g/t||Ag g/t||Cu %|
|Drone Zone Chip Samples|
|Sample ID||Trench ID||Sample Length**||Au g/t||Ag g/t||Cu %|
Blue Sky Zone
The Blue Sky Zone covers the eastern side of the six-kilometre-long Revenue-Nucleus soil anomaly. Drill testing for porphyry mineralization in 2017 and 2018 confirmed high-grade gold-rich mineralization within the Blue Sky Zone on the western slope of Bowlidden Ridge (e.g. RVD18-19 with 316 metres @ 1.10 g/t Au, 0.27% Cu; see news release PR#18-09 dated Sept. 12, 2018). Surface sampling in 2018 focused on the eastern slope of Bowlidden Ridge approximately 400-800 metres from the Blue Sky Porphyry discovery area (Figure 1).
The 2018 surface sampling program included 86 chip and channel samples from three trenches and thirteen grab samples collected mainly from disturbed bedrock along new access roads. Of the thirteen grab samples, eight contained greater than 2.0 g/t Au, to a high of 16.8 g/t Au (Table 2)*. Trenches returned anomalous gold concentrations (Table 2), including 1.46 g/t Au over 1 metre** in BST18-01 and 0.31 g/t Au over 8 metres** in BST18-02, which is contained within a 52.50 metre** section of 0.15 g/t Au (the full length of the trench). Most mineralized samples comprise phyllic altered granite with quartz veins that contain trace bismuthinite ± molybdenite ± chalcopyrite ± arsenopyrite. These new samples, as well as two grab samples* of quartz veins collected from the area in 2017 that graded 3.76 and 5.77 g/t Au, define an approximately 400-metre-long corridor of mineralization that is open in all directions and is untested by drilling. A single 2017 drill hole tested the southern side of Bowlidden Ridge (RVD17-09). It was collared on the far southern edge of the newly defined mineralized zone and was oriented southwards, away from the new surface samples. Results from that hole include ten intersections that graded over 1.0 g/t Au, within a 269 metre interval of highly anomalous gold (0.24 g/t Au; see news release PR#17-13, dated November 2, 2017).
Table 2: Significant Grab and Chip/Channel Samples from the Blue Sky Zone 2018
|Blue Sky Zone Grab Samples*|
|Sample ID||Northing***||Easting***||Au g/t||Ag g/t||Cu %||Mo %|
|Blue Sky Zone Chip and Channel Samples|
|Trench ID||From-To (m)||Sample Length (m)**||Au g/t||Ag g/t||Cu %||Mo %|
|BST18-02||0.00 – 52.50||52.50||0.15||<2||0.012||<0.001|
|Including||30.00 – 38.00||8.00||0.31||<2||0.027||<0.001|
|BST18-01||9.00 – 10.00||1.00||1.46||<2||0.022||0.002|
The Granger Zone is a shallow oxide gold exploration target that is located between the Revenue and Nucleus deposits near the center of the Revenue-Nucleus soil anomaly. Historical exploration in this zone included trenching, rock sampling, with grab samples up to 45.5 g/t Au*, and percussion, reverse circulation and limited diamond drilling. Historical drilling made multiple shallow oxide gold intercepts, including 5.29 g/t Au over 13.71 metres** in GRRAB-091 (from 3.05 metres to the bottom of the hole at 16.76 metres). Drilling in 2018 intersected variably oxidized near-surface mineralization in every hole, delineating a mineralized corridor over 200 metres strike-length and to a depth of at least 74 metres (News Release PR#18-12, dated October 24, 2018). The mineralized zone is open in all directions and to depth.
Highlights of the results from 2018 Granger Zone drilling include:
- RVD18-33 with 18.39 metres** of 0.98 g/t Au (2.95 – 21.34m)
- RVD18-29 with 18.00 metres** of 0.61 g/t Au (53.00 – 71.00m)
- RVD18-30 with 55.21 metres** of 0.45 g/t Au (18.84 – 74.05m)
Twenty-nine chip and channel samples covering 46.80 meters in two newly (2018) excavated trenches tested strongly oxidized rock in the center of the mineralized corridor. Samples form the trenches contain a similar tenor of gold mineralization as that intersected at depth by drilling, indicating continuity from surface to a depth of approximately 45 metres. Trench results include 1.04 g/t over 3.5 metres** in TR18-03, and 0.70 g/t Au over and 18.5 metres** including 1.72 g/t Au over 3.5 metres** in TR18-04 (Table 3). The southern edge of trench TR18-04 has some of the highest grade mineralization (e.g. 3.26 g/t Au over 1 metre**) demonstrating that the zone is open and highly prospective to the south.
Table 3: Chip and Channel Samples from the Granger Zone 2018
|Granger Zone Trench Samples|
|Trench ID||From-To (m)||Sample Length (m) **||Au g/t|
|TR18-03||1.00 – 5.00||4.00||0.89|
|TR18-03||10.00 – 13.50||3.50||1.04|
|TR18-04||1.50 – 20.00||18.50||0.70|
|Including||16.50 – 20.00||3.50||1.72|
|Including||19.00 – 20.00||1.00||3.26|
Tony Barresi, Vice President of Exploration for Triumph Gold Corp. comments “As we advance exploration in underexplored portions of the 6-kilometre-long soil anomaly that surrounds the Revenue and Nucleus deposit areas, we are continually impressed by the world-class scale of the of the underlying gold-rich hydrothermal system. Each of the surface exploration target areas yielded exciting results. Newly discovered mineralization at the Drone Zone and in the Blue Sky Zone reinforce our belief that Revenue and Nucleus are only small parts of a much larger mineralized body. Both of the new showings represent high quality drill ready targets with potential for high grade gold intersections. In addition, new trenches in the Granger Zone demonstrate continuity of oxide gold mineralization between surface and underlying drill intersections, building a case for a near-surface heap leachable oxide gold resource.”
* Grab samples are selective in nature, and the reported mineralization and assay results may not be representative.
** Length/interval refer to sample length. True widths have not been determined.
*** Coordinates are given in North American Datum 83 (NAD83), Zone 8.
Linear chip and channel samples ranged between 0.25 and 2 metres in length. Chip samples were collected with a rock hammer and channel samples were cut from outcrop with a portable diamond saw. 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 30g nominal sample and gravimetric analysis (method GO FAG303). An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B). 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, were blindly inserted into each 75 sample batch. 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.
Tony Barresi, VP of Exploration for Triumph Gold Corp $TIG $TIGCF Interview with Jay Taylor of VoiceAmerica Radio. Tony discusses highest grade mineralization from 2018 drill program at Freegold Mountain Project in Yukon.