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Triumph Gold Corp.
Summary
| Project: | Freegold Mountain | |
|---|---|---|
| Deposit: | Nucleus, Revenue, Tinta | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Molybdenum-Silver-Tungsten-Lead-Zinc | |
| Date: | 2/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-2-2020: Triumph Gold Corp. announces a Resource Estimation report for its Nucleus, Revenue, Tinta deposit at the Freegold Mountain project. Updated mineral resource estimate for project. VANCOUVER, British Columbia, Feb. 11, 2020 -- Triumph Gold Corp., | |
| Resources: | ||
| CP/QP: | [Resources]: Robert Sim (SIM Geological Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 11, 2020 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to release updated mineral resource estimates for the three deposits (Nucleus, Revenue and Tinta) on the Company’s 100% owned, 200 km2 , road accessible Freegold Mountain Property in the Yukon Territory. The new mineral resource estimates were generated by Robert Sim (P.Geo.) of SIM Geological Inc., an independent qualified person and resource expert with over thirty five years of experience. A new NI43-101 technical report will be available on SEDAR within 45 days. The new mineral resource estimates are effective as of February 11, 2020 and supersede the previous mineral resource estimate (Campbell et. al, 2015. Technical report on the Freegold Mountain Project, Yukon Canada Resource Estimates), which is available on SEDAR. Triumph Gold President, Tony Barresi (Ph.D., P.Geo.), comments: “We are pleased to present three pit-constrained resources, two of which also have high-grade underground resources. The new pit constraint, and other stringent economic parameters applied to the three resource estimates demonstrate that the mineral deposits exhibit reasonable prospects for eventual economic extraction as required under NI 43-101. Since 2016 Triumph has been dedicated to bringing shareholder value by first focusing on grassroots exploration with resource definition to follow. This effort resulted in a number of new discoveries, including the high-grade Blue Sky Porphyry Breccia, and the WAu Breccia, both located within the Revenue deposit. While our attention will remain on discovery-focused exploration in the near term, we are pleased to provide updated mineral resource estimates that we believe accurately assess the resources identified to date, which are contained on our 100% owned Freegold Mountain Property.” | |
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