Trifecta Gold Ltd. Announces Conditional Approval for Listing on the TSX Venture Exchange and Planned 2017 Exploration for its Projects in the White Gold District, Yukon
1016 – 510 W Hastings St. www.trifectagold.com
Vancouver, B.C. V6B 1L8 [email protected]
Telephone: 604.688.2568 Fax: 604-688-2578
Trifecta Gold Ltd. Announces Conditional Approval for Listing on the TSX Venture
Exchange and Planned 2017 Exploration for its Projects in the White Gold District, Yukon
May 30, 2017 - Trifecta Gold Ltd. (“Trifecta”) is pleased to announce that it has received
conditional approval for the listing of its common shares on the TSX Venture Exchange (the
“Exchange”), subject to Trifecta satisfying all of the balance of the Exchange’s conditions for
listing.
Trifecta was f ormed via a plan of arrangement by Strategic Metals Ltd. (TSX -V: SMD). Upon
commencement of trading, Trife cta will have 23,150,001 shares outstanding and will have no
unexercised warrants or options. Trifecta has interests in four highly prospective projects within
the White Gold District of the Dawson Range Gold Belt in western Yukon.
“Trifecta has an energetic and knowledgeable team ready to aggressively explore four extremely
prospective projects in one of the hottest precious metals districts in Canada, ” stated Dylan
Wallinger, Trifecta’s President and C hief Executive O fficer. “ Trifecta has mult i-year land use
permits for large -scale exploration programs on two road -accessible projects and , pending
favourable results and the raising of additional financing, expects to work at one or both of these
projects late into the fall.”
Subject to Trifecta raising additional financing subsequent to listing, work is planned on all four
of its projects during summer and fall 2017, with drilling programs planned on the Eureka and
Trident properties. The projects and proposed Phase I work programs are briefly described
below.
Eureka
The wholly -owned and road accessible Eureka project is located in the legendary Klondike
Goldfields. It lies 110 km by road south of Dawson City, approximately 50 km north of White
Gold Corp.’s White Gold Deposit, and the proposed haulage route for Goldcorp’s Coffee
Deposit runs directly through the property . Gold on the Eureka property is hosted in a series of
gently to moderately dipping breccia zones that are partially delineated by mineralized tren ches
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and drill holes. A 6 km long by up to 2 km wide gold -in-soil geochemical anomaly has been
outlined and creeks draining the property are prolific placer gold producers. Drilling has
identified bulk tonnage (0.59 g/t gold over 18.3 m) and high grade (9.99 g/t gold over 1.5 m)
targets.
Trifecta will begin diamond drilling in June at the Eureka property to test beneath and along
strike of known gold showings. Additional soil sampling will also be done to expand the grid
coverage, since much of the property has not yet been sampled.
Trident
The road accessible Trident property covers the headwaters of the Matson Creek placer gold
camp, located about 60 km northwest of the White Gold Deposit. The property has an extensive
system of roads and trails that connects the main exploration areas to an established trailer camp
and a gravel airstrip. Limited drilling has produced very promising results including 1.55 g/t
gold and 114 g/t silver over 21.0 m at the Exploits Zone. Where observed in trenches and drill
holes, the mineralized zone is shallowly dipping and strongly oxidized.
Trifecta anticipates that it would begin drilling at the Trident property by early July, subject to
the raising of additional financing and the filing and acceptance by the Exchange of a NI 43-101
technical report. Phase I work would consist of soil sampling and approximately 800 m of
diamond drilling that would focus on expanding the Exploits Zone along strike and down dip.
Property-wide soil sampling, prospecting and geological mapping would be done concurrent
with the Phase I drilling.
Triple Crown and Treble
The Triple Crown and Treble properties are located midway between the Coffee D eposit and
Rockhaven Resources ’ Klaza D eposit. Both Triple Crown and Treble host numerous strong
multi-element soil geochemical anomalies, none of which have been tested by drilling or
mechanized trenching. A rock sample from Triple Crown assayed 6,690 g/t silver, 30.22% lead
and 0.80 g/t gold, and follow up hand trenching returned 570 g/t silver, 2.76% lead and 0.08 g/t
gold over 6.4 m. The best gold results from rock samples taken at Treble and Triple Crown
graded up to 14.15 g/t and 6.55 g/t, respectively.
Subject to the raising of additional fin ancing, Trifecta plans to conduct mapping, prospecting,
soil sampling and hand trenching at both properties in order to better define targets, which could
be followed up by drilling later in 2017.
Technical information in this news release has been approve d by Matthew R. Dumala, P.Eng., a
geological engineer with Archer, Cathro & Associates (1981) Limited and a qualified person for
the purpose of National Instrument 43-101.
About Trifecta Gold Ltd.
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Trifecta is a Canadian precious metal exploration company dedicated to increasing shareholder
value through the acquisition and development of attractive exploration projects in Canada 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 exploration 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) 688-2568
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of
Trifecta in the United States. Trifecta’s securities have not been and will not 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 exemption from such registration is available. Completion of the Plan
of Arrangement is subject to a number of conditions, including, but not limited to, Exchange acceptance for both
the Plan of Arrangement and the listing of Trifecta’s common shares thereon. The Plan of Arrangement and the
listing of Trifecta’s common shares on the Exchange will not be effected until all such conditions have been
satisfied. Investors are cautioned that, except as will be disclosed in Trifecta’s Application for the listing of its
common shares on the Exchange , any information released or received with respect to t he Plan of Arrangement
may not be accurate or complete and should not be relied upon.
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.