Trifecta Gold announces start of drilling at Yuge Gold Project, Nevada and provides corporate update
510 – 1100 Melville St. www.trifectagold.com
Vancouver, B.C. V6E 4A6 [email protected]
Tel: 604.687.2522 TSX-V: TG
Trifecta Gold announces start of drilling at Yuge Gold Project, Nevada and provides
corporate update
January 26, 2022 - Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta” or the “Company”) is pleased
to announce the commencement of a reverse-circulation (“RC”) drill program at the Company’s
wholly owned road accessible Yuge Gold Project (“Yuge” or the “Property”) located in northern
Nevada.
Yuge covers a growing number of high grade mesothermal gold vein targets surrounding the
historical Columbia and Juanita mines as well as bulk tonnage gold mineralization associated with
medium grained diorite dykes and intrusions. The current drill campaign will include up to 1,200
m of drilling designed to better constrain the orientat ion of and expand upon the known
mineralization at the Columbia and Juanita targets.
Complete drill results from 2021 were announced April 19, 2021 with highlights from Columbia
and Juanita including:
• 2.27 g/t gold over 38.1 m (including 3.63 g/t gold over 15.24 m) from hole YU-21-02 at
Columbia; and,
• 0.99 g/t gold over 30.48 m (including 3.4 g/t gold over 6.1 m) from hole YU-21-07 at
Juanita;
Other highly prospective targets include Josie, where s urface samples grading in excess of 10 g/t
gold have been collected over a 550 m strike length , and Trench I, (located central to Josie,
Columbia and Juanita) which returned 17.7 m of 2.34 g/t gold (including 2 m of 6.49 g/t gold)
from a highly altered granodiorite unit (announced November 2, 2021).
Additional soil sampling throughout the project area is planned to help define additional drill
targets. Reclamation of existing trenches is scheduled in order to permit additional drill sites for
follow-up programs.
Corporate Updates
Trifecta is pleased to announce the appointment of Rachele Gordon, CPA, CA as a director of the
Company effective January 25, 2022. Ms. Gordon holds a Bachelor of Commerce from the
University of Calgary and is a Chartered Professional Accountant in British Columbia . She is
currently a Senior Manager in Taxation Services with MNP LLP, one of the largest full -service
chartered professional accountancy and business advisory firms in Canada. Under the Company’s
Incentive Stock Option Plan, Trifecta has granted Ms. Gordon 250,000 incentive stock options at
a price of $0.08 per share for a period of five years. These options are subject to vesting provisions
under which 25% of the opti ons will vest at the conclusion of each three months during the first
year of the exercise period.
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Trifecta has relocated its office to unit 510 - 1100 Melville Street, Vancouver BC, V6E 4A6, please
send all future correspondence to our new address.
About Yuge
The Property is located in Humboldt County, approximately 55 kilometres south of Denio in the
Varyville Mining District. Yuge is road accessible and covers the Columbia and Juanita Mines,
which produced on a small scale between 1870 and 1937, as well as the Josie target, where Trifecta
has confirmed the presence of multiple gold bearing structures through surface sampling. Gold on
the property occurs with sulphides (arsenopyrite and pyrite) or their weathered products (scorodite
and iron oxides) in mesothermal quartz veins and adjacent wall rock. Recently identified broad
zones of gold mineralization are associated with diorite dykes/intrusions. Documented run-of-
mine sorted ore assayed greater than 34 g/t gold and reported sampling of a crown pillar returned
16.8 g/t gold over 2.4 m , including 50.7 g/t gold over 0.6 m (Columbia target) . Sulphide
mineralization occurs at depths greater than 30 m with arsenopyrite -rich material reportedly
assaying greater than 17.4 g/t gold. Historical mining only extended down to the bottom of the
oxidized zone.
Historical data cited in this press rel ease is based on reports by Homestake Mining Company,
Westamerica Enterprises and Extension Energy Inc. This data has not been independently verified
by Trifecta but has been checked for internal consistency and against Nevada Bureau of Mines and
U.S. Bureau of Mines public domain data.
Technical information in this news release has been reviewed and approved by Heather Burrell,
P.Geo., a senior geologist with Archer, Cathro & Associates (1981) Limited and a qualified person
for the purposes of National Instrument 43-101.
About Trifecta Gold Ltd.
Trifecta is a Canadian -based precious metals 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.
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.
Richard Drechsler
President and CEO
Tel: (604) 687-2522 ext. 262
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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 release.