Triumph Gold $TIG $TIGCF Announces Completion of #Exploration #Drilling at the Freegold Mountain Project, #Yukon

Vancouver, B.C., September 8, 2021 – Triumph Gold Corp. (TSX-V: TIG | OTCMKTS: TIGCF) (“Triumph Gold” or “the Company”) is pleased to announce the completion of a 19 hole, 6,615 metre diamond drilling program (“the Program”) focused on the Nucleus and Revenue areas of the Freegold Mountain Project (“the Project”) located in Yukon, Canada (Figure 1). All of the drill core has been cut, sampled, and submitted to ALS Global for analysis. Final assay results are expected to return in regular batches throughout September and October.

 

Initial highlights of the Program include:

  • Confirmation of two styles of overlapping mineralization forming the Nucleus gold-silver-copper deposit with flat-lying skarn mineralization cut by epithermal mineralization associated with steeply-dipping fault zones within schists and gneiss of Yukon Tanana Terrane (“YTT”) and felsic intrusive rocks (Photos 1 and 2).
  • Intersection of sulphide-replacement and epithermal mineralization proximal to the regional South Big Creek Fault within YTT and felsic intrusive rocks in step-out drilling south of the Nucleus gold-silver-copper Deposit (Photo 3). New mineralization was also intersected southeast of the Nucleus resource area (Photo 4).
  • Expansion of porphyry-related and epithermal mineralization at the WAu and Blue Sky Zones hosted in the Revenue gold-silver-copper-molybdenum-tungsten Deposit (Photo 5). Drilling also expanded a zone of porphyry-style mineralization proximal to the southern contact of the WAu Zone. (Photo 6).

Additional exploration activities have advanced mineral prospects on the Freegold Mountain Project outside of the Nucleus and Revenue Deposit areas. This portion of the 2021 exploration season is ongoing and includes geological mapping and prospecting, 37 line-kilometres of soil geochemical surveying, 100 line-kilometres of ground magnetic surveying, and 6 line-kilometres of HLEM surveying, all of which are expected to be completed by mid-September.

“Triumph Gold has used improved deposit and geophysical modeling along with AI vectoring to identify and target underexplored areas of the Freegold Mountain Project. We are very excited to receive assay results to confirm drillcore observations from all areas, including newly identified mineralization intersected south and east of Nucleus.” says Jesse Halle, VP Exploration for Triumph Gold. Halle adds “Work on our pipeline prospects is ongoing and preliminary results from these efforts are very encouraging.”

 

 

 

 

 

For complete news release, click this link:  https://triumphgoldcorp.com/news/triumph-gold-announces-completion-of-exploration-drilling-at-the-freegold-mountain-project-yukon/

Triumph Gold $TIG $TIGCF Completes #Artificial #Intelligence Study at the Freegold Mountain Project, #Yukon

Triumph Gold Corp. (TSX-V: TIG | OTCMKTS: TIGCF) (“Triumph Gold” or “the Company”) is pleased to announce that it has concluded an in-depth Artificial Intelligence (“AI”) study focused on the Revenue-Nucleus Area, a large zone of gold-copper-silver-molybdenum mineralization, within their district-scale Freegold Mountain Project (“the Project”) located in Yukon, Canada (Figure 1). The Company engaged Minerva Intelligence Inc. (“Minerva”) to utilize their cutting-edge DRIVER software along with K-Means Cluster Analysis to evaluate multi-element drilling data.

Results from Minerva’s cognitive AI analysis have enhanced Triumph’s technical understanding of the Nucleus and Revenue Deposits by providing confidence in existing models and identifying unrealized controls on mineralization. Key findings are being used to guide current exploration activities at the Freegold Mountain Project, notably:

  1. At the Nucleus Deposit, DRIVER revealed new vectors to gold and copper mineralization not characterized in the current mineral resource delivering superior exploration models and a clear path forward for resource expansion,
  2. At the Revenue Deposit, DRIVER has identified under-evaluated areas at northeast and southern contacts of the diatreme providing credible drill-ready exploration targets, and
  3. In the Revenue-Nucleus Area, K-Means Cluster Analysis highlighted semi-quantitative alteration styles allowing for robust modelling and vectoring toward zones of high-grade mineralization.

“As an exploration company that embraces the application of new technology, Triumph is pleased by the depth of insight provided by Minerva,” says Jesse Halle, VP Exploration for Triumph Gold. “Having over 145,000 metres of drilling at the Freegold Mountain Project, along with a massive amount of other exploration data, Minerva’s AI engine has helped sharpen the focus of our new Technical Team.”

Brian May, Chief Geoscientist for Triumph Gold adds, “DRIVER has validated Triumph’s stratigraphic and structural interpretations in the Nucleus deposit area. Multielement overlaps will be drill-tested to further confirm our technical team’s interpretations this exploration season.”

Scott Tillman, Minerva Intelligence CEO, is excited about the results. “Our ongoing relationship with Triumph Gold is a win-win for our respective companies,” said Tillman. “Triumph’s embrace of our state-of-the-art mining and exploration software is proof-positive of the value our cognitive AI technology can bring to mining and exploration companies. Triumph’s vast amount of data made the results even better than we had expected.”

Figure 1 – Location of the Freegold Mountain Project and Triumph Gold’s 2021 Minerva Artificial Intelligence study of the Revenue-Nucleus Area.

DRIVER Software 

Minerva Intelligence DRIVER software analyzed and evaluated a comprehensive database of geochemical results compiled from multiple generations of diamond drilling in the Revenue and Nucleus Mineral Resource Deposit areas of the Freegold Mountain Project.

Cost-effective computer reasoning generated orientation data for all elements in the dataset. Further work was performed on key economic elements through automated identification of optimal (“preferred”) orientations, in both planar and linear modes. These results provided potential exploration vectors from Triumph’s database that can be used to identify exploration targets in unexplored regions outside the known resources or mineral prospects.

Additionally, Minerva’s cognitive reasoning platform compared elemental association data from hundreds of past and present mines throughout the world with that of the Revenue-Nucleus Area. Comparisons between Triumph’s resources and known deposit types serve as reliable models upon which geologists can confidently develop their exploration and/or development strategies. 

Nucleus Au-Ag-Cu Deposit

The Nucleus Au-Ag-Cu deposit is a complex deposit involving early porphyry-copper and skarn mineralization overprinted with related epithermal styles of mineralization. Triumph Gold’s technical team has recently modeled the skarn-style mineralization to be preferentially located along favourable horizons within the host Yukon-Tanana metamorphic rock package, as well as at contacts with leucogranite dikes and sills. Past geochronology shows at least some of the Au-Ag-Cu mineralization is coincident with the emplacement of east-trending quartz-feldspar porphyry dikes.

The results of DRIVER’s AI analysis were many, including an independent confirmation of the probability shell developed for the 2020 Resource Estimate which was largely based on dike orientation. The close agreement of the optimal orientation and the rigorously-defined gold shell in the deposit area provides confidence in the Resource Estimate and supports this orientation as an exploration opportunity. Minerva believes this type of agreement may soon be utilized to evaluate other metals as potential co- and by-products on a semi-quantitative basis.

An additional previously unappreciated gold orientation was identified from DRIVER’s outputs at the Nucleus deposit, this time along a northwest-trending structure. This orientation is correlated with a fault corridor and coincident dike swarm and represents an additional opportunity for proximal expansion of, and exploration around, the current resource.

The preferred orientations for copper at the Nucleus deposit area resulted in a largely bimodal distribution, which had not been previously understood. The technical team is currently working on identifying underlying reasons for this distribution, along with other vectors controlling economic mineralization.

Revenue Au-Ag-Cu-Mo-W Deposit

The Revenue Deposit consists of porphyry-copper and related epithermal mineralization within a granodiorite to quartz monzonite intrusive complex. Numerous mineralized zones have been discovered at Revenue, notably the gold-copper-silver-molybdenum-bearing Blue Sky and WAu Porphyry and Epithermal Zones and the proximal mineralized diatreme breccia. Several other mineralized centres have been identified in the Revenue deposit area, including the Guder, Revenue West, Grainger, and Keirsten Zones.

Minerva’s optimal orientation DRIVER results for gold, copper, and molybdenum delineate both the southern and the northeastern contact between the diatreme breccia and the granodiorite as primary locations for further evaluation. The DRIVER results also agree very well with the current lithologic model, providing additional confidence for the technical team’s interpretations.

K-Means Cluster Analysis

K-Means Cluster (KMC) Analysis is an unsupervised learning algorithm meant to identify relationships inherent in a dataset. Unlike supervised learning methods, it does not require labeled training data from which to practice and learn, but rather uncovers native associations within the data itself. For multi-element geochemical data, it identifies potential element assemblages present in the data. If executed carefully and with appropriate data preparation, KMC Analysis can reveal complicated patterns in the data that would otherwise be missed.

Geochemical data was analyzed and evaluated using K-Means Cluster Analysis available in ioGAS software. Clusters (or groups of data records with similar geochemistry) are defined and redefined based on minimizing the distance between the data record and the cluster centre. KMC Analysis concludes when either the change in the distance of each of the data points from the respective centres for assigned cluster approaches a minimum, or the specified number of iterations is reached. Multiple iterations were attempted on the data for both the Nucleus and Revenue Deposit areas using various elements, data transforms and/or initial analytical parameters.

Nucleus Au-Ag-Cu Deposit

K-Means Cluster Analysis and subsequent interpretation though discrimination plots suggest the numerous lithologies within the Nucleus Deposit area have been subjected to variable degrees and styles of potassic alteration. Discrimination plots suggest a small proportion of the data is potassic feldspar (K-spar) alteration, implying an underlying copper-porphyry-style signature. The plots are more suggestive of potassic alteration predominantly expressed as secondary sericite. Based on molar ratios, the most recent alteration event is interpreted to preferentially involve plagioclase (predominantly albite) and is largely independent of K-spar. These observations are consistent with mineralization stemming from the intrusion of quartz-feldspar porphyry dikes from a buried porphyry intrusion.

A large portion of the results in the Nucleus Deposit area are consistent with intrusion-related skarn-type mineralization and closely-associated sulphide mineralization. The geochemistry of these high-iron areas is consistent with the appearance of secondary Ca-rich pyroxene and clinochlore. Triumph geologists believe these results are consistent with the skarn-style mineralization observed in many areas of the deposit.

Revenue Au-Ag-Cu-Mo-W Deposit

K-Means Cluster Analysis and subsequent interpretation though discrimination plots highlight the Blue Sky porphyry and contacts of diatreme breccia as the largest zone of extensive alteration, documenting high values for Ca, K and Na. Barium (Ba) is also anomalous in this zone and extends westward towards Keirsten South Zone. These zones are largely underexplored and represent targets for future work.

Specific locations in the Revenue Deposit are flagged in the K-Means Cluster Analysis work as having been subjected to alkali alteration through Na depletion and potassium addition. Results indicate that the dominant potassic phase is K-rich muscovite with only a small subset interpreted as potassium feldspar alteration. This type of alteration is consistent with the ‘low sulphidation’ deposit model proposed for the deposit area.

Triumph Gold Announces 2020 Drill Results including Near-Surface Gold Discoveries and Extension of the High-Grade Goldstar Vein

Vancouver, B.C., January 26, 2021 – Triumph Gold Corp. (TSX-V:TIG | OTCMKTS:TIGCF) (“Triumph Gold” or “the Company”) is pleased to announce drill results from their flagship Freegold Mountain Project located in Yukon’s Dawson Range Gold District. The 2020 exploration program was focused on drill testing near-surface gold targets in the Revenue-Nucleus and Mount Freegold areas (PR20-07). Nine holes were drilled for a total of 2,068.52 metres (Table 3).

“The 2020 campaign was small but successful, with all nine holes returning significant gold intercepts in untested or under-explored areas” said John Anderson, Executive Chairman and CEO of Triumph Gold. “We are very happy with these discoveries that complement existing prospects and deposits of the Freegold Mountain Project.”

Technical Highlights1:

  • Within the Irene-Goldstar Epithermal Corridor, 2020 drilling successfully tested the down-dip extension of the Goldstar Vein and validated the continuity of the system with long step-outs (up to 570 metres) into untested portions of the corridor intersecting multiple parallel gold-rich zones. Results include:
    • Extension of the high-grade Goldstar Vein by over 85 metres down dip in IGC20-03 with
      • 1.59 g/t Au, 96 g/t Ag, and 2.3% Cu over 1.56m (152.00 to 153.56m), including 4.59 g/t Au, 200 g/t Ag, and 6.9% Cu over 0.50m (153.06 to 153.56m)
    • Extension of the Skarn Zone by 570 metres to the northwest in IGC20-01 with the intersection of near-surface high-grade gold and silver in massive magnetite assaying
      • 1.12 g/t Au and 15.6 g/t Ag over 7.23m (27.82 to 35.05m), including 7.49 g/t Au and 37 g/t Ag over 1m (33.00 to 34.00m)
    • Discovery of near-surface gold and silver rich zones in multiple holes along the Irene-Goldstar Epithermal Corridor including
      • 0.89 g/t Au, 22 g/t Ag, and 0.17% Cu over 9.75m (48.16 to 57.91m) in IGC20-01, including 1.47 g/t Au, 35 g/t Ag, 0.23% Cu, 0.05% Pb and 0.11% Zn over 5.58m (49.18 to 54.76m), and
      • 1.81 g/t Au and 8.6 g/t Ag over 7.62m (42.67 to 50.29m) in IGC20-02, including 2.87 g/t Au and 12 g/t Ag over 4.57m (42.67 to 47.24m)
    • In the Revenue-Nucleus Area, drilling outside of known porphyry copper-gold mineralization resulted in multiple intersections of greater than 1 g/t gold, as well as the discovery of gold within an oxidized zone in KZ20-02 with assays of:
      • 0.82 g/t Au over 12.27m (1.45 to 13.72m), including 2.2 g/t Au over 3.12m from surface (1.45 to 4.57m), within a larger interval of porphyry-style gold and copper mineralization

A video summary of today’s news release is available by clicking the following link:

2020 Exploration Highlights – Freegold Mountain Project

Details of Drill Results:

Irene-Goldstar Epithermal Corridor

Four drill holes, totalling 555.18 metres (Table 3), were drilled in the Mount Freegold area during 2020 exploration. Three of the four holes collared in previously undrilled portions of the Irene-Goldstar Epithermal Corridor, a 3.7 kilometre long zone of gold and silver rich epithermal and skarn mineralization associated with a major splay of the Big Creek Fault (first outlined in PR20-03).

Mineralization within the Corridor (Figure 1) was first identified near Mount Freegold in 1930 with erratic but significant gold-rich intercepts of the Skarn Zone (e.g. chip samples that returned up to 366 g/t Au and 106 g/t Ag over 5 metres) and the Goldstar Vein epithermal system. In 1989 C. A. Main estimated a mineral inventory for the Goldstar Vein at 123,000 tonnes of 4.21 g/t Au and 47.2 g/t Ag contained within a shallow pit approximately 250 metres long by 60 metres deep2. Prospecting 2.5 kilometres to the northwest of the Goldstar Vein led to the discovery of the Irene Vein in 2013, and inaugural drilling of the vein in 2018 outlined a mineralized strike length of at least 450 metres, with grades of up to 20.7 g/t Au over 0.70m (PR19-02). Limited prospecting and trenching between the Goldstar Vein and Irene Zone resulted in significant grab (e.g. 425 g/t Au and 321 g/t Ag) and chip sampling from trenches (e.g. 3.85 g/t Au and 103 g/t Ag over 2m) at the Red Fox/Vindicator Zone, strongly indicating continuity of this mineralized trend.

The 2020 drill program along the Irene-Goldstar Epithermal Corridor successfully tested the down-dip extent of the Goldstar Vein and demonstrated continuity of both skarn and epithermal vein styles of mineralization within the 2.5 km-long previously undrilled portion of the corridor.

Drill hole IGC20-03 tested beneath the known extent of the Goldstar vein and intersected 1.59 g/t Au, 96.04 g/t Ag, and 2.28% Cu over 1.56m at 152 metres depth extending the Goldstar Vein by at least 85 metres down dip (Figure 4). This intercept demonstrates continuity of the high-grade vein to depth, and presents an immediate opportunity for resource definition work along the Corridor.

Drill holes IGC20-01 and IGC20-02 form a fence across the Irene-Goldstar Epithermal Corridor at the Red Fox/Vindicator Zone and successfully extend gold, silver, and base metal mineralization within the corridor by at least 570 metres along strike from the nearest drill hole at the Goldstar Vein (Figure 2). IGC20-01 intersected massive magnetite at 33 metres depth, assaying 7.49 g/t Au and 37 g/t Ag over 1 metre, while testing a moderate magnetic response along the flanks of a prominent 870 metre magnetic not tested by drilling in this area (Figure 3).

Additional intersections of new epithermal gold and silver mineralization in all four 2020 drill holes support continuity of both gold-rich skarn and epithermal vein mineralization within the Corridor (e.g. values up to 2.87 g/t Au and 12.33 g/t Ag over 4.57m in IGC20-02). IGC20-04 also identified epithermal mineralization, returning 1.14 g/t Au and 10 g/t Ag over 1.02m, but terminated prematurely due to a catastrophic drill failure at the end of the program.

Of the 3.7 kilometre length of the corridor, less than 2 kilometres have currently been tested by drilling. Inaugural drill testing at the Red Fox/Vindicator Zone is strong evidence for continuity of mineralization through the entire corridor. Work in 2020 also included updating infrastructure in the area, which will allow for efficient access to untested portions of the corridor in 2021.

Table 1: Highlighted 2020 drill results from the Irene-Goldstar Corridor (Mount Freegold Area)

 

 

 

 

 

 

 

 

 

Jesse Halle, Vice President of Exploration for Triumph Gold commented “Multi-gram gold and silver results from the southeastern and central portions of the Irene-Goldstar Epithermal Corridor provide ample incentive to continue exploration and definition of this long and fertile mineralized system. Elsewhere in the corridor, increased drill density has been the key to identifying higher grade sections of the system – with recent compilation and 3D modelling we are now able to explore more effectively and efficiently than ever before.”

Revenue-Nucleus Area

Five drill holes totalling 1513.34 metres were completed in the Revenue-Nucleus area during 2020 exploration (Table 3). The Revenue-Nucleus Area is defined by a 6 kilometre long intense soil geochemical anomaly related to widespread porphyry copper-gold and associated epithermal mineralization. Since 2017, renewed focus on the area has resulted in multiple discoveries including the high-grade Blue Sky and WAu Breccias.

2020 exploration resulted in multiple mineralized drill intersections in the Revenue-Nucleus Area (Table 2) including highly anomalous gold related to newly discovered structures at the Keirsten Zone in KZ20-01, previously unidentified gold enrichment in an oxidized horizon from surface (within a broader interval of highly-anomalous gold and copper) at Keirsten South in KZ20-02, and multiple intersections of over 1 g/t gold at Revenue East in RVD20-02 and RVD20-03.

Table 2: Highlighted 2020 drill results from the Revenue-Nucleus Area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Keirsten Zone and Keirsten South

Two holes were drilled in the Keirsten area during the 2020 exploration season (Figure 5). KZ20-01 was designed to target strong coincident chargeability and magnetic geophysical anomalies in the Keirsten Zone, highlighted by a new Drillhole-Constrained 3D Magnetic Inversion Model. The drillhole intersected altered granodiorite and porphyritic dykes, with a structurally-controlled, weak to moderate oxide overprint persisting to 175 metres depth. Modelled magnetic geophysical anomalies were supported by observed magnetics in drill core resultant from anomalous concentrations of pyrrhotite and primary magnetite. Gold mineralization increased between the magnetic anomalies, within a faulted domain host to various porphyritic dykes, returning values up to 1.37 g/t Au over 1.27m (Table 2). This highly prospective, over 500 metre long structural-magmatic corridor stands out as a broad magnetic low (Figure 6) not previously tested by drilling, despite being coincident with significant Cu and Au in soil anomalies.

KZ20-02 was drilled a kilometre south of KZ20-01 and was designed to explore a 400 metre wide by 400 metre long gold and copper geochemical anomaly. The hole encountered a zone of iron oxidation returning gold grades of 2.2 g/t Au from 1.45 to 4.57 metres (Table 2), and elevated gold to 16.76 metres. Pervasive iron oxidation extends to approximately 40 metres downhole but persists to 110 metres as moderate to locally intense patches. Assays from this interval yielded 0.3 g/t AuEq3 over 87 metres from top of hole (Table 2). This drillhole intersected clay-altered monzonitic to monzodioritic rock with quartz veins and local feldspar porphyry dykes to approximately 230 metres depth where it penetrated Yukon Tanana country rock. Gold, copper and molybdenum were highly-anomalous throughout the hole indicating proximity to a porphyry-related mineralizing system.

Brian Bower, Lead Technical Director for Triumph Gold added “The intersection of highly-anomalous gold in this area makes Keirsten South an exciting new zone warranting more exploration. The technical team is reviewing spectral data to determine alteration zonation and is now modelling the oxidation surface to determine the oxide gold potential of the area.”

Revenue East

Revenue East is approximately 250 metres east of the high-grade gold and copper Blue Sky and WAu Breccias and is defined by an over 400 metre long gold, copper, and bismuth geochemical anomaly. Three drill holes were completed in the area during the 2020 exploration program, all confirming widespread gold mineralization in the area. Visible gold and bismuthinite were identified in drill core from RVD20-01 and RVD20-02 (Figure 5) and elevated gold grades of up to 1.64 g/t Au over 1 metre were intersected (Table 2). Results confirm that the geochemical anomaly is in-situ and is an effective vector to subsurface mineralization.

RVD20-03 (Figure 5) was designed to test another geophysical anomaly identified by the Drillhole-Constrained 3D Magnetic Inversion Model. Drilling confirmed a magnetic body immediately following a shear zone at approximately 275 metres depth (Figure 7). The drill hole contained visible gold and bismuthinite associated with quartz-carbonate veining, as well as long intervals of anomalous gold and copper, locally returning grades up to 1.51 g/t Au over 2 metres (Table 2). The anomalous magnetic target was encountered where expected providing additional support to the accuracy and predictability of the 3D magnetic inversion model.

Table 3: Drill Hole Locations and Orientations4

 

 

 

 

 

 

 

Covid-19 Response

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.

Notes

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

 

 

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

Nancy Massicotte
IR Pro Communications Inc.
(604) 507-3377
nancy@irprocommunications.com

Mars Investor Relations

(647) 557-6651

tig@marsinvestorrelations.com

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.

Triumph Gold Corp $TIG $TIGCF

Click here for full article:  https://news.financial/comments/plug-power-triumph-gold-moderna-take-position-before-it-s-too-late

DRAMATIC DEVELOPMENT

The Corona Crisis dramatically forced the growth of global debt to nearly USD 275 trillion as of the end of September 2020. What happens to this debt now? With certainty, it will never be repaid with money, which then also has a value. Instead, the debts will be devalued through hyperinflation, currency reforms and debt cuts. From the dilemma, one can escape by the purchase of gold or gold mine shares. Currently, gold is correcting after the highs of last August and prices above USD 2,060. At the current level of USD 1,850, one should build up initial positions. In the long term, we expect significantly higher prices of the precious yellow metal.

BUY THE LEVERAGE

An alternative to buying gold bars or gold coins is to purchase attractive gold mining stocks – these promises, in part, leverage on the gold price. One example is the share of the mineral exploration Company Triumph Gold, in which, among others, the industry giant Newmont Mining has a 12.8% stake, and the Zijn Mining Fund has a 9.8% stake. The Canadian Company’s flagship project is the wholly-owned Freegold Mining Project in Yukon. The area, which has an excellent infrastructure, is home to several deposits with great potential. The “Revenue” mine has copper-gold-moblyden-silver, the “Nucleus” mine has gold, and at “Tinta Hill,” many differentiated metals are found.

PROGRAM IN THE BAG

At the end of September, Triumph Gold had CAD 5.0 million in cash on hand, which secured the drill program for 2021. Yesterday, drill results for 2020 came in. The 2020 exploration program focused on test drilling near-surface gold targets in the Revenue-Nucleus and Mount Freegold areas. Nine holes were drilled for a total of 2,068.52 meters. All nine holes returned significant gold intercepts in unexplored or poorly explored areas. Currently, Triumph Gold’s shares are trading at EUR 0.13. The Company’s market capitalization is EUR 17.80 million.

www.triumphgoldcorp.com

 

Triumph Gold $TIG $TIGCF Presenting at Metals Investor Forum January 14-15 2021

Triumph Gold Corp. $TIG $TIGCF will be participating in the virtual Metals Investor Forum at 9:00 am PST on January 14th, 2021.
Click here to register: https://buff.ly/2SGQ5Qn
About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based gold exploration and development company. The Company 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

$TIG $TIGCF #Yukon #YukonGold #Mining #JuniorMining #miningexploration #gold #copper

Triumph Gold $TIG $TIGCF #gold #copper #yukon

The final weeks of the unique 2020 stock market year promise further excitement. The DAX is close to its all-time high of 13,808 points. If it breaks the mark, investors are likely to party, albeit at a distance, until the end of the year. Gold also resumed in the direction of the all-time high. After the strong support at USD 1,800 held, analysts see highs again for the precious yellow metal as early as the first quarter of 2021.
@TriumphGoldCorp $TIG $TIGCF #gold #copper #yukon #miningexploration #investing @NewmontCorp & Zijin Mining large #shareholders

Triumph Gold $TIG $TIGCF Corporate Presentation by Chairman & CEO John Anderson – 121 #Mining #Investment

Triumph Gold’s Chairman & CEO, John Anderson, joins 121 Mining Investment Conference to provide a corporate presentation and update on their Freegold Mountain Project, Yukon.

Triumph Gold has a district scale 200 sq.km. project with three deposits and over over 2.1 M oz Au Eq in a resource estimate. The property has a government maintained road that runs throughout and Newmont Gold as one of their largest shareholders.

www.triumphgoldcorp.com

@TriumphGoldCorp $TIG $TIGCF #Corporate #Presentation Update

Exploring Yukon’s next gold district

 

Triumph Gold (TSX.V-TIG) (OTCMKTS: TIGCF) has a district scale land package in the highly mineralized Dawson Range Cu-Au belt.
Flagship property: Freegold Mountain project plus Tad/Toro property
Excellent infrastructure – road accessible property close to electrical grid in mining friendly Yukon with existing mines and world class projects
$6 million in cash – funded exploration for 2021
Strong Leadership – Experienced team with collective history of exploration success, technical acumen, and capital raising ability
2 Million Oz of contained AuEq – Three NI-43-101 Mineral Resource Estimates on the Freegold Mountain Project: Revenue, Nucleus and Tinta
Click this link for updated Corporate Presentation:
https://www.triumphgoldcorp.com/wp-content/uploads/CorporatePresentation.pdf

 

#TriumphGoldCorp $TIG $TIGCF Announces Board and Management Updates

VANCOUVER, British Columbia, June 29, 2020 — Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph” or the “Company”) announces that Tony Barresi has resigned as a director and the President of the Company and Joe Campbell has resigned as a director of the Company.  Tony Barresi will continue to act as a Technical Advisor to the Company.  The Company wishes to thank Mr. Barresi and Mr. Campbell for their contributions to the Company, in particular Mr. Barresi for his geological leadership over the past 3 years in discovering the Blue Sky Porphyry and advancing many of the other projects on the Freegold Mountain Project in the Yukon. “We are thankful for the contributions Tony has made at advancing all of our projects and fortunate for his continued support working with Jesse Halle, our VP Exploration,” said Chairman John Anderson.

The Company is pleased to announce that Mr. Brian Bower has agreed to accept a position as Lead Director of the Company.  Mr. Bower has over 30 years’ experience as an exploration and mine geologist working primarily in British Columbia and Yukon. “Mr. Bower’s extensive experience in supporting strong technical teams were instrumental in developing projects like the New Afton Mine, the Kemess South deposit, the Blackwater project and the Mount Milligan deposit in British Columbia. He has also worked on the Casino deposits advanced exploration program in the Yukon.” said Mr. Anderson. “We are excited to have Brian join us as an active participant in expanding our team and rapidly growing the Company beyond its exploration stage.  This is a great step forward for Triumph Gold Corp.”

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 “John Anderson”
John Anderson, Executive Chairman