Trifecta Gold Ltd. Announces $500,000 Private Placement to Drill High-Grade Gold Targets at Yuge Property, Nevada
1016 – 510 W Hastings St. www.trifectagold.com
Vancouver, B.C. V6B 1L8 [email protected]
Tel: 604.687.2522 TSX-V: TG
Trifecta Gold Ltd. Announces $500,000 Private Placement to Drill High-Grade Gold Targets at
Yuge Property, Nevada
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES
October 9, 2018 - Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta” or the “Company” ) announces a non -
brokered private placement offering (the “Offering”) of C$500,000. The Offering will include the sale of
7,142,857 non-flow-through units at a price of C$0.07 per unit. Each non-flow-through unit will consist
of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase
one additional non-flow-through common share at a price of C$0.10 for a period of two years from the
closing of the placement , provided that, i n the event the closing price of Trifecta’s common shares as
traded on the TSX Venture Exchange is equal to or greater than C$0.17 for a period of ten (10)
consecutive trading days subsequent to the expiry of the a pplicable hold period, Trifecta may give notice
of an earlier expiry of the warrants, in which case the warrants will expire thirty (30) calendar days from
the giving of such notice.
All securities issued as part of the Offering will be subject to a hold period in Canada of four months plus
one day from closing. In connection with the offering, the Company is proposing to pay finder’s fees of
7% cash and 7% finder’s warrants. Each finder’s warrant shall have the same terms as the unit warrants
noted above. The Offering is subject to TSX Venture Exchange acceptance.
The proceeds raised from the Offering will be used to fund a reverse circulation (“RC”) drilling program
at the Company’s Yuge property, a high-grade mesothermal gold prospect in Humboldt County, northern
Nevada, and for wor king capital purposes . Trifecta conducted a successful reconnaissance program at
Yuge earlier this spring which confirmed the location and high-grade nature of known structures, and lead
to the discovery of abundant mineralization elsewhere on the propert y. Thirty-five of the 68 rock
and/or chip samples collected returned greater than 1 g/t gold, 18 of which graded higher than 5 g/t
gold.
Yuge Property, Humboldt County, Nevada
The Yuge property is located in Humboldt County, norther Nevada, approximately 55 km south of Denio
in the Varyville Mining District. The property covers the historical Columbia and Juanita Mines , which
produced high-grade gold on a small scale between 1870 and 1 937 from strong veins located more than
1,000 m apart within the same structural corridor. The most recent reported production was several
hundred tons of shipping ore per month between 1936 and 1937 from the Columbia Mine. Historical
mining only extended down to the bottom of the oxidized zone. Diamond drilling by previous operators
below the Columbia workings produced a true-width sulphide intersect, which graded 9.70 g/t gold over
3.3 m starting 49 m below surface. This drilling was conducted in 1981 and no drilling has been
completed since.
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Trifecta plans to test several targets on the property utilizing a track -mounted RC drilling rig. This
proposed program will focus on areas of high -grade gold mineralization and historical intersects. 2018
drill targets will include:
Columbia, where 1981 drilling returned 9.70 g/t gold over 3.3 m and 2018 surface rock sampling
returned highlights of 150, 75.4, 34.9, 10.5, 7.4 and 7.13 g/t gold;
Josie, where 2018 rock sample highlights include 86.1, 45.2, 42.2, 36.2, 25.7, 21.6, 16.7, 13.1
and 5.49 g/t gold;
Juanita, where 2018 rock sample highlights include 11.4, 6.35 and 5.85 g/t gold; and,
The shear zone corridor between Juanita and Columbia workings.
Historical data cited in this press release 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 approved by
Matthew R. Dumala, P.Eng., a geological engineer 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 precious metal exploration company dedicated to increasing shareholder value
through the acquisition and development of attractive exploration proj ects in Canada, the United States
and other mining friendly jurisdictions.
ON BEHALF OF THE BOARD
“Dylan Arnold-Wallinger”
President and Chief Executive Officer
For further information concerning Trifecta or its various explor ation projects please visit our website at
www.trifectagold.com or contact:
Corporate Information
Trifecta Gold Ltd.
Dylan Wallinger
President and C.E.O.
Tel: (604) 687-2522
The securities referred to in this news release have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an e xemption from such
registration is available. This news release does not constitute an offer of securities for sale, nor a
solicitation for offers to buy any securities. Any public offering of securities in the United States must
be made by means of a prospectus containing detailed information about the company and
management, as well as financial statements.
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
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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.