Freegold Delivers Results for #TriumphGoldCorp

#TriumphGoldCorp. $TIG $TIGCF #Yukon #gold #copper #miningexploration

https://www.mining-journal.com/discovery/news/1343661/freegold-delivers-results-for-triumph

PR 2018-07-31 Revenue Portrait

 

. @TriumphGoldCorp $TIG $TIGCF Closes $5,124,000 #Financing and Confirm #GoldCorpInc Participation

Triumph Gold Corp. (TSX-V: TIG) (“Triumph” or the “Company”) is pleased to announce that it has completed a private placement financing of 14,641,101 units of Triumph at a price of $0.35 per unit for gross proceeds of approximately $5,124,385.  Each unit consists of one common share of the Company and one half of one non-transferable common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant is exercisable into one additional common share at a price of $0.55 for a period of two years from the closing of the financing.  The investment was made primarily by institutional investors. A private Hong Kong fund invested approximately $2.5 million and three existing shareholders (amongst others) participated in the offering, including Goldcorp Inc. (“Goldcorp”) which exercised its right to top up to a 19.9% ownership by participating in the financing.

John Anderson, Chairman of Triumph commented: “We are excited to have new institutional investors investing directly into the Company as we continue to explore the Freegold Mountain project.  As well, we are overwhelmed that current shareholders requested to increase their investment at this time.  Goldcorp has participated in this financing to increase its interest in the Company to 19.999% on a partially diluted basis.  We view this investment as a validation of our exploration philosophy and look forward to continuing to work with Goldcorp’s technical team as we continue to advance the Freegold Mountain project.”

The proceeds of the offering will be used for exploration at the Company’s Freegold Mountain project and for general working capital.  Triumph currently has two diamond drills on the property and is in the middle of an 18,000 metre drilling program.

All securities issued in connection with this financing will be subject to a statutory four month hold period expiring on November 12, 2018, in accordance with applicable Canadian securities laws.  Upon completion of the private placement, the Company will have 78,442,638 common shares issued and outstanding.  The Company has agreed to pay cash finder’s fees in the aggregate amount of $31,300 to certain finders in connection with the private placement.

Goldcorp and Palisade Global Investments Ltd., each subscribed for 2,719,674 units and 2,900,000 units, respectively, under the offering.  The participation of each of these insiders is considered to be a “related party transaction” as defined under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company determined that an exemption from the formal valuation requirement of MI 61-101 was available for each related party transaction pursuant to Section 5.5(b) of MI 61-101. The Company also relied on Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement.

The Company did not file a material change report more than 21 days in advance of the closing of the offering, which the Company deems reasonable and necessary in the circumstances as the closing date of the private placement had not been established at that time.

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 “Paul Reynolds”
Paul Reynolds, President & CEO

 

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
+1 (604) 218-7400
janderson@triumphgoldcorp.com

@EllisMartinRprt #TriumphGoldCorp TSXV$TIG $TIGCF #Interview with Chairman, John Anderson #Gold #Copper #Yukon

Ellis Martin interview with Chairman of Triumph Gold Corp, TSXV$TIG $TIGCF, John Anderson:

#Gold #Copper #Yukon

 

#TriumphGoldCorp TSXV$TIG $TIGCF #Discovery of Two New #Gold Showings on 100% Owned Andalusite Peak #Property, #BritishColumbia

Triumph Gold reports results of prospecting and geological mapping on the Andalusite Peak property. Highlights of exploration include:

  • Discovery of two new gold-silver-copper occurrences, the Julep and the Gentleman vein:
      • The Julep showing consists of a feldspar porphyritic mafic intrusion with disseminated clots and veins of tetrahedrite, chalcocite and secondary malachite and azurite.  It was grab sampled in two locations 21 metres apart.  Sample E446453 graded 1.18 grams/tonne (g/t) Au, 11.2 g/t Ag and 1.135% Cu, sample E446454 graded 21.1 g/t Ag and 2.72% Cu. The size and geometry of the showing was not fully mapped, and it remains open.
      • The Gentleman vein consists of an up to 20 cm thick chalcopyrite rich quartz-carbonate-magnetite-sulfide vein, with strongly altered and mineralized selvages.  The vein was grab sampled in two locations 17 metres apart: Sample I044403 graded 1.84 g/t Au, 17.3 g/t Ag and 2.25% Cu, Sample E446455 graded 0.459 g/t Au, 2.4 g/t Ag and 0.163% Cu.  The vein was identified where it crosses a mountain-top saddle.  It remains open to the northwest and southeast.
  • Alteration mapping, aided by the collection and analysis of 67 near-infrared reflectance (TerraSpec) samples, verified that the property has been affected by intense phyllic to advanced argillic alteration over an approximately 2 X 2 km area, constituting one of the largest and most intense alteration zones in northern British Columbia.

go to: www.triumphgoldcorp.com for complete news release

#TriumphGoldCorp TSXV$TIG $TIGCF to #Exhibit at #AME2018 #RoundUp #Core #Shack

Triumph Gold TSX.V-TIG OTCMKTS: $TIGCF will be exhibiting at the AME BC Roundup Core Shack on Wednesday, January 24 and Thursday, January 25. The conference is being held at the Vancouver Trade and Convention Centre West, 1055 Canada Place, Vancouver, BC.

Triumph Gold will be displaying drill core from its 2017 Freegold Mountain project, Yukon at booth number 816.

#TriumphGoldCorp TSXV$TIG $TIGCF Reports #Results from #Drilling at Nucleus #Gold #Silver #Copper #Deposit #Yukon

  • Results from 4,685 metres of diamond drilling in sixteen holes targeting the Nucleus Au-Ag-Cu deposit area:
  • Three high-grade gold intersections:
  • 5 g/t Au over 1.5 metres in N17-02 (174.50 – 176.00m).
  • 35 g/t Au and 7.3 g/t Ag over 1.44 metres in N17-07 (132.46 – 133.90m)
  • 2 g/t Au over 1.1 metres in N17-12 (111.00 – 112.10m)
  • Six infill drill holes tested underexplored portions of the Nucleus resource area where there are significant gaps in the current resource block-model. Each intersected zones of gold mineralization with grades that exceed the deposit average (0.544 g/t Au at a 0.3 g/t AuEq* cutoff), including:
    • 9 meters of 1.545 g/t Au in N17-02 (173.1 – 195.00m)
    • 14 meters of 0.799 g/t Au and 0.137% Cu in N17-03 (47.86 – 90.00m)
    • 14 meters of 2.696 g/t Au in N17-07 (126.86 – 138.00m)
    • 73 meters of 1.797 g/t Au in N17-12 (99.00 – 116.73m)
    • 00 metres of 0.701 g/t Au also in N17-12 (212.00 – 242.00m)
  • Five step-out drill holes that tested for extensions of Nucleus mineralization to the north, south and east of the current resource area intersected zones of gold mineralization that exceed the 0.3 g/t AuEq* cutoff grade of the deposit including:
    • 00 metres of 1.005 g/t Au in N17-01 (165.00-177.00m)
    • 20 metres of 0.485 g/t Au and 0.185% Cu in N17-06A (66.80 – 96.00m)
  • N17-10, which tested a previously undrilled 1.0 X 0.7 kilometre chargeability anomaly that lies north of the current Nucleus resource, bottomed in mineralization:
    • 53 metres of 0.513 g/t Au (453.00 – 474.53m) including 9.53 metres of 1.089 g/t Au (465.00 – 474.53m).
  • Paul Reynolds, Triumph Gold Corp.’s President and CEO, comments: “Drilling at Nucleus in 2017 established the potential for increasing the size and grade of the Nucleus resource through infill and step out drilling. Every hole that was drilled within the resource shell intersected broad zones of gold mineralization with grades that exceed the deposit average. In addition, six new drill holes in the underexplored southern portion of the resource demonstrated remarkable continuity of previously poorly understood gold-bearing structures, which we now feel confident and excited, to drill in broad step outs beyond the current resource shell.”

go to: www.triumphgoldcorp.com for full news release

#TriumphGoldCorp TSXV$TIG $TIGCF Definition of a 1.8 x 0.75 km Soil #Anomaly along #Strike of the #Tinta Au-Ag #Deposit and #Discovery of #Gold Bearing #Quartz #Veins in Six #Trenches Over 700 metres #Strike Length within the #Anomaly

Summary of November 20, 2017 Press Release for @TriumphGoldCorp TSXV$TIG $TIGCF  

  • Recent soil sampling defined a 1.8 x 0.75 km multi-element (Au, Cu, Pb, Zn, As, Bi, Sb) soil anomaly.

Highlights of exploration at Tinta include:

  • A 1.8-km-long multi-element soil anomaly, open to the northwest, along strike of the Tinta Au-Ag deposit has been defined.
  • The anomaly has a higher concentration of samples with elevated pathfinder elements (As, Sb, Bi) than the area surrounding the Tinta vein deposit and a similar concentration of samples with elevated gold, but over an area twice the size.
  • Within the 1.8-km-long soil anomaly, a 700-metre-long section was tested with seven trenches. Six exposed multiple clay-altered or silicified zones with mineralized quartz-chalcedony-carbonate-sulphide vein networks.
  • The Tinta Au-Ag-Cu-Pb-Zn deposit has an inferred resource of 2.16 million tonnes grading 1.89 g/t Au, 54.9 g/t Ag, 0.27% Cu, 0.99% Pb and 1.41% Zn (December 15, 2014). Follow-up exploration in 2017 included:
  • an expanded soil geochemistry grid with 993 samples collected over 8 sq. km, and
  • 560 metres of excavator trenching within the coincident anomalies defined by the 2016 survey.
    • The 2017 soil grid expanded the length of the 2016 soil anomaly from 900 to 1,800 metres. In addition, the 2017 soil survey covered the area around the Tinta vein to provide a better basis for comparison between geochemistry of soils in the new anomaly and soils surrounding the existing deposit.

Discussion of Results:

Results from the 2016 and 2017 soil sampling survey show a strong multi-element anomaly along strike of the Tinta vein deposit, with an approximately 500 metre gap between the vein and the newly defined 1.8-km-long anomaly.  The geological model of a pinching and swelling vein structure may adequately explain the absence and then re-occurrence of the soil anomaly along strike of the Tinta vein.  The new soil anomaly covers twice the area of the one defined around the Tinta vein.

Trenching within the soil anomaly tested less than half of the total length of the anomaly, and uncovered altered, veined and mineralized rock in six of seven trenches.

  • Paul Reynolds, Triumph Gold Corp.’s President and CEO comments: “The Tinta Au-Ag deposit is one of Triumph Gold’s higher grade and underexplored resources. Identifying an along-strike soil anomaly that is twice the size of the anomaly surrounding the current resource area is very exciting.  If it is an extension of the Tinta vein system, it could dramatically affect the size of the resource.  We look forward to testing the new anomaly with more trenching and follow-up drilling in 2018 and exploring to the northwest where the anomaly remains open.”

For complete press release go to:  www.triumphgoldcorp.com

#TriumphGoldCorp TSXV$TIG $TIGCF #Discovery of High-Grade #Gold in Least-Explored Portion of the Revenue #Deposit Including a 7-metre Interval Grading 15.0 g/t #Gold

Summary of November 15, 2017 Press Release for #TriumphGoldCorp:

Triumph Gold Announces Discovery of High-Grade Gold in Least-Explored Portion of the Revenue Deposit Including a 7-metre Interval Grading 15.0 grams/tonne Gold

  • Exploration drilling in an underexplored portion of the Revenue soil anomaly intersected high-grade gold mineralization in granite south of the Revenue diatreme.
    • Visible gold over a 5-metre interval (129 – 134 m).
    • Contained within a 7-metre interval (129 – 136 m) of gold-silver-copper mineralization with a length*** weighted grade of 15.0 grams/tonne (g/t) gold (see below).
    • Including a 1-metre interval (129 – 130 m), re-assayed three times, grading between 45.0 and 81.3 g/t gold.
    • The 1.2 X 0.5 km soil anomaly between Whirlwind Pup and Revenue Creek has seen less drilling that any other area near the Revenue diatreme. Limited historical exploration documented significant concentrations of gold in the Klaus and Guder zones, including:
      • Trench samples in the Klaus Zone grading up to 32.98 g/t Au over 20 cm; 14.3 g/t over 1 m, and 3.67 g/t over 1 m;
      • Trench samples in the Guder Zone grading up to 20.24 g/t Au over 6.1m.
    • Other Notable Intersections in RVD17-14
      • In addition to the high-grade gold intersection in RVD17-14 there were also two other notable mineralized intervals:
  • 79 m of 0.46 g/t AuEq in rocks and polyphase porphyry veining and potassic alteration at the contract between granite country rock and the Revenue diatreme.
  • 6 m of 0.73 g/t AuEq in sulfide-matrix hydrothermal breccia within the Revenue diatreme.
  • Paul Reynolds, Triumph Gold’s President and CEO comments “We have only just begun to explore this highly prospective area, which hasn’t been drilled since 1984, and with our very first hole we intersected the highest-grade gold ever found at Revenue. The discovery of coarse gold in RVD17-14 is especially compelling because of its location in the headwaters of Revenue Creek, one of the Dawson Range’s most renowned placer creeks.

See: www.triumphgoldcorp.com for complete press release