Trifecta Gold Announces Initial Exploration Plans for the Yuge Gold Project, Nevada
510 – 1100 Melville St. www.trifectagold.com
Vancouver, B.C. V6E 4A6 [email protected]
Tel: 604.687.2522 TSX-V: TG
Trifecta Gold Announces Initial Exploration Plans for the Yuge Gold Project, Nevada
May 23, 2023 - Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta” or the “Company”) is pleased to announce
preliminary exploration plans for its wholly owned Yuge gold project, located in northern Nevada.
Yuge Gold Project
Trifecta’s 100% owned road accessible Yuge Gold Project is located 105 km west -northwest of
Winnemucca. It covers two historical, small -scale mines (Columbia and Juanita) and multiple high grade
gold showings, within the Pearl Canyon shear zone. Gold mineralization is hosted in quartz veins and
altered wall rocks. Historical mining was limited to near surface mineralization (< 30 metre depth) where
documented run-of-mine sorted ore assayed greater than 34 g/t gold.
Columbia Zone
Initial drilling by Trifecta at the Columbia Zone has identified a broad envelope of gold mineralization that
flanks a shear-hosted quartz vein, which was targeted by historical miners, and defined a second high-grade
vein that parallels the shear. Previously released highlight drill results from Columbia are tabulated below:
Hole From (m) To (m) Width (m) Gold (g/t)
YU-21-02 71.63 109.73 38.10 2.27
Including 79.25 88.39 9.14 2.89
And including 94.49 109.73 15.24 3.63
YU-22-09 60.96 64.01 3.05 0.46
And 79.25 105.16 25.91 3.03
Including 79.25 80.77 1.52 5.45
And including 99.06 103.63 4.57 13.57
YU-22-10 53.34 62.48 9.14 0.86
Including 57.91 60.96 3.05 2.20
YU-22-11 77.72 88.39 10.67 4.20
Including 85.34 88.39 3.05 13.26
And 105.16 108.21 3.05 11.96
Preliminary modeling of Columbia, based on drilling, trenching, surface sampling and geophysical surveys,
has identified two cross faults which appear to offset the veins (Figure 1). In preparation for the next round
of drilling at Columbia, Trifecta intends to conduct additional surface work, including systematic hand
pitting, mapping, and soil sampling along strike to help resolve the offset along these faults.
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Pearl Zone
A gold-in-soil anomaly (Figure 2), coincident with known mineralization at Columbia, has been traced for
roughly two kilometres to the west-northwest and remains open to extension to the east-southeast. A 2021
trench dug within the core of the soil anomaly, referred to as the Pearl Zone, exposed a set of mineralized
veins within a highly altered granodiorite. Samples from this trench returned 17.7 m of 2.34 g/t gold ,
demonstrating the potential for a large intrusion related system on the property in addition to the flanking,
high-grade veins identified at Columbia, Juanita and Josie. The upcoming exploration program will assess
this area for bulk-tonnage style, intrusion related mineralization.
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Technical information in this news release has been approved by Jackson Morton, P.Geo., a senior geologist
with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National
Instrument 43-101.
About Trifecta Gold Ltd.
Trifecta is a Canadian-based precious metal s exploration company dedicated to increasing shareholder
value through the discovery and development of 100% held gold projects in Yukon and Nevada. Initial
drilling at its Yuge Gold Project , located in northern Nevada, has identified multiple broad zones of gold
mineralization near historical high-grade mines. The Company’s Eureka Project hosts an 8 x 2.5 kilometre
belt of surface showings and anomalous gold -in-soil that straddle the headwaters of two of the most
productive placer creeks in Yukon’s southern Klondike Goldfields. The Company’s Treble Project covers
a large hydrothermal system, located midway between Western Copper and Gold Corporation’s Casino
deposit, the largest copper and gold deposit in the Yukon, and Rockhaven Resources Ltd.’s Klaza deposit,
a high-grade gold-silver deposit.
ON BEHALF OF THE BOARD
“Richard Drechsler”
President and CEO
For further information concerning Trifecta or its various exploration projects please visit
www.trifectagold.com or contact:
Corporate Information
Trifecta Gold Ltd.
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Richard Drechsler
President and CEO
Tel: (604) 687-2522
This news release may contain forward looking statements based on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of exploration
and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this news release.