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Triumph Gold Corp.
Summary
| Project: | Freegold Mountain | |
|---|---|---|
| Deposit: | Nucleus | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2018: Triumph Gold Corp. announces an Exploration/Drilling Update report for its Nucleus deposit at the Freegold Mountain project. Drilling results incl. 21.9m @ 1.545g/t Au from 173.1m. VANCOUVER, Jan. 18, 2018 /CNW/ - Triumph Gold Corp., (TSX-V: TI | |
| Resources: | ||
| CP/QP: | [Overall Report]: Tony Barresi (Internal) | |
| ABSTRACT: | VANCOUVER, Jan. 18, 2018 /CNW/ - Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) ("Triumph Gold" or the "Company") is pleased to announce the results from 4,685 meters of diamond drilling in sixteen holes targeting the Nucleus Au-Ag-Cu deposit area on the Freegold Mountain Property, Yukon Territory. Drill hole locations and orientations are listed in Table 1 below and illustrated on Figure 1. Highlights of the drill program noted above are in Table 2 along with a full list of significant results. The Nucleus Au-Ag-Cu deposit is the most advanced exploration target on the Freegold Mountain property. It consists of polyphase quartz-chalcopyrite-pyrite-arsenopyrite veins, infill breccia and semi- to massive-sulfide lenses. It has a current indicated resource of 74,740,000 tonnes containing 1,310,000 ounces (ozs) Au, 2,180,000 ozs silver, and 105,340,000 lbs copper and an inferred resource of 63,790,000 tonnes containing 800,000 ozs gold, 3,150,000 ozs silver and 69,160,000 lbs copper both at a 0.30 g/t AuEq* cut-off grade (December 15, 2014). Six Infill and extension drill holes partly distributed along three north-oriented fences (a western and eastern fence) tested the under-explored southern portion of the Nucleus area. They defined continuity of four west striking and steeply south dipping gold-bearing structures over an up to 350 metre strike-length (Table 3). The structures are open to the west, to depth, and to the east. In each case these discrete structures contain gold mineralization related to zones of faulting, alteration and quartz-feldspar-porphyry dyke emplacement. The now well-defined structures lie south of the main Nucleus resource and most of the noted intersections are either outside or within gaps in the current resource. | |
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