Triumph Gold is committed to the health and safety of its employees and contractors. With recommendations from the Yukon Government and Yukon Chamber of Mines, the Company developed and implemented infection prevention and control measures at the Freegold Mountain Project to help reduce and minimize the risk of potential COVID-19 transmission in the camp and related work sites. During the 2020 field campaign, employees, contractors, and visitors were regularly monitored for symptoms and required to adhere to federal and territorial regulations, as well as Company prevention policies outlined in the Triumph Gold Corp COVID-19 Operational and Emergency Response Plans. Visitors and cross-shifts were not permitted during the field program, and camp employees and service providers were sourced from Yukon, with the exception of Triumph Gold corporate management who strictly followed regulations and guidelines upon entering the Territory).
Sampling Methods and Qualified Person
Drill core samples ranged between 0.5 and 2 metres length and were cut at Triumph Gold’s core logging facility at the Freegold Mountain Project. 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_FAA30V5), and samples that tested over 10 g/t Au were retested using a 50g sample and a gravimetric technique. Additional 33 elements were tested by ICP-AES using a four-acid digestion (method GE_ICP40Q12), over-limit samples for copper were retested using the same technique, but with ore grade four acid digestion and a higher range of detection (method GO_ICP42Q100). 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: A minimum of three quality control samples, consisting of blanks, certified reference standards and duplicates, are blindly inserted into each 75 sample batch. QAQC samples that return unacceptable values trigger investigations into the results and reanalysis of 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 Jesse Halle, P.Geo., Vice President Exploration for the Company and qualified person as defined by National Instrument 43-101.
1 Reported assays are uncut length-weighted averages and represent drilled core lengths. The true width of reported mineralization is unknown.
2 C.A. Main (1989) estimate should not be relied upon, as a Qualified Person has not done sufficient work to classify the estimate as a current mineral resource.
3 Gold equivalent [AuEq] is used for illustrative purposes, to express the combined value of gold, silver, copper, molybdenum, and tungsten as a percentage of gold for the Revenue-Nucleus area (porphyry related) and gold, silver, copper, lead, and zinc as a percentage of gold for the Mount Freegold Area (epithermal related). The lower detection limit for silver in assay package GE_ICP40Q12 is 2 g/t, therefore any samples that returned <2g/t have been excluded from all AuEq calculations. No allowances have been made for recovery loss that would occur in a mining scenario. AuEq is calculated on the basis of US$1,500 per troy ounce of gold (Au), US$18.00 per troy ounce of silver (Ag), US$3.00 per pound of copper (Cu), US$9.00 per pound of molybdenum (Mo), US$1.00 per pound of lead (Pb), US$1.25 per pound of Zinc (Zn), and US$13.00 per pound of tungsten (W). 4 Table coordinates presented in NAD83 (Zone 8N); Azimuths presented relative to UTM Grid.
About Triumph Gold Corp.
Triumph Gold Corp. is a Canadian based, growth-oriented gold exploration and development company with a district scale land package in mining friendly Yukon. The Company’s 100% owned, road accessible, flagship Freegold Mountain Project is located in the Dawson Range and is host to three NI 43-101 Mineral Deposits. The Project covers an extensive section of the Big Creek Fault zone, a structure directly related to epithermal gold and silver mineralization as well as gold-rich porphyry copper mineralization. The Company, led by an experienced management team, is focused on creating value through the advancement of its strategic “gold first” exploration program. For more information, please visit triumphgoldcorp.com.
On behalf of the Board of Directors
Signed “John Anderson”
John Anderson, Executive Chairman and Interim CEO
Mars Investor Relations
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 expectation. 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.