Trifecta Gold Ltd. Samples 37.2 g/t Gold Ahead of Drilling at Yuge Gold Project, 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. Samples 37.2 g/t Gold Ahead of Drilling at Yuge Gold Project, Nevada
January 7, 2021 - Trifecta Gold Ltd. (TSX-V: TG) (“Trifecta” or the “Company”) is pleased to
report high grade assay results from newly identified structures at its road accessible Yuge Gold
Project (“Yuge” or the “Property”), located in northern Nevada.
As announced on December 15, 2020 , a new zone of shear -hosted gold mineralization was
discovered at Yuge while constructing a drill road from the Juanita Mine to the Jos ie Zone.
Selected samples from this zone and other structures on the property were sent for rush assay and
returned very positive results including:
• 11.9 g/t gold over 1 metre (chip sample) from the Juanita to Josie access road;
• 37.2 g/t gold (grab sample) from a hand trench in the Josie Zone; and,
• 7.8 g/t gold (composite grab sample) 100 m northeast of the Columbia Mine.
Seven of the twenty-one rock samples collected in December were sent for rush analysis. Of the
seven samples, four returned gold values greater than 5 g/t. A chip sample collected across
shear-hosted oxide mineralization, which was exposed along the new road cut, returned 11.9 g/t
gold over 1 metre (estimated true width 0.60 m). Oxide mineralization exposed elsewhere along
the road was chip sampled, and the results of these samples are pending. At the northern part of
the Josie Zone, shallow hand trenching directed along strike of a sub -vertical, oxidized and
brecciated shear, returned 37.2 g/t gold . This shear is exposed in a historical pit 70 m to the
north, where it is approximately 35 cm wide and yielded an assay of 45.2 g/t gold in 2018 .
Historical and 2020 rock sample locations, including the locations of samples with results still
pending, are illustrated on the attached figure.
A reverse circulation drill program is scheduled to start next week. This program is designed to
confirm t he presence of high grade shear -hosted gold mineralization below and bet ween the
Columbia and Juanita Mines, and to evaluate potential for bulk mineable oxide gold
mineralization at the Josie Zone.
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 sma ll scale between 1870 and 1937 , as well as the Josie Zone , where
Trifecta has confirmed the presen ce 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 vein s and adjacent wall
rock. Documented run-of-mine sorted ore assayed greater than 34 g/t Au an d reported sampling
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of a crown pillar returned 2.4 m @ 16.8 g/t Au including 0.6 m @ 50.7 g/t Au . Sulphide
mineralization occurs at depths greater than 30 m with arsenopyrite -rich material reportedly
assaying greater than 17.4 g/t Au. A historical drill hole , completed by Homestake Mining
Company and directed underneath the Columbia workings, cut sulphide mineralization at 49 m
depth that returned 3.3 m @ 9.70 g/t Au.
Historical data cited in this press release is based on reports by Hom estake 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 Jackson Morton , P. Geo., a geolog ist 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 advancement of attractive exploration projects in Canada and
other mining-friendly jurisdictions.
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
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.
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