Trifecta Gold Receives Final Approval for Tombstone Belt Transaction
510 – 1100 Melville St. www.trifectagold.com
Vancouver, B.C. V6E 4A6 [email protected]
Tel: 604.687.2522 TSX-V: TG
Trifecta Gold Receives Final Approval for Tombstone Belt Transaction
Highlights:
• Trifecta Gold secures option to acquire up to 100% interest in Mt Hinton gold-silver project,
next to Hecla’s Keno Hill Mines, as well as 10 other highly prospective projects.
• All 11 projects show characteristics of reduced intrusion related gold systems, like Snowline
Gold’s recent Valley discovery.
July 9 , 2024 - Trifecta Gold Ltd. (TSX-V: TG) (OTCQB:TRRFF) (“Trifecta” or the “Company” ) is
pleased to announce that further to its March 1st, 2024 new s release, the Company has received final
approval from the TSX Venture Exchange to acquire up to 100% of Mt. Hinton and 10 other highly
prospective, intrusion-related gold projects located in Yukon’s Tombstone Gold Belt. Under a two stage
earn-in agreement with Strategic Metals Ltd. (“Strategic”), Trifecta can acquire up to a 100% interest in all
11 properties.
Tombstone Gold Belt
Extending for more than 1 ,000 km from Alaska into Yukon, the Tombstone Gold Belt hosts many large
Reduced Intrusion-Related Gold System (RIRGS) deposits such as Fort Knox and Pogo in Alaska (>1 4
million oz), Eagle and Olive in Yukon (>4 million oz) and the past -producing Brewery Creek Mine, also
in Yukon. Recent discoveries including Snowline Gold’s Tier 1 Valley discovery, Sitka Gold’s RC deposit,
Banyan Gold’s AurMac deposit s and Victoria Gold’s Raven deposit have drawn renewed exploration
interest to the belt (>17 million new ounces added to resources in the belt since May 2020).
These gold systems are characterized by sheeted, auriferous quartz veins forming in the carapace zones of
Cretaceous-age plutons. They have a characteristic geochemical signature of Au-Bi-Te±W within and
surrounding the intrusion , and a characteristic geophysical signature of a magnetic low (ie. reduced)
together with a coincident conductivity low. Moving outward from the intrusions, Au-As veins are common
with Ag-Pb-Zn veins further out.
Option Terms
Trifecta can acquire an initial 70% interest in the properties (the “First Option”) by incurring aggregate
exploration expenditures of $6 million by December 31, 2027, with $500,000 to be incurred by December
31, 2024, and issuing 305,000 shares to Strategic. Following the exercise of the First Option, Strategic will
retain a one percent (1%) net smelter return royalty interest in the properties. (These 305,000 have been
issued to Strategic and are subject to a hold period in Canada until November 10, 2024.)
Trifecta can acquire the remaining 30% interest in the properties (the “Second Option”) by issuing
additional Trifecta shares to Strategic equal to 9.99% of the then outstanding Trifecta share capital at any
time after the exercise of the First Option and prior to February 28, 2028, which number of shares to be
issued to Strategic will not include any shares of Trifecta then held by Strategic but will be subject to a
maximum number of 8,920,000 shares of Trifecta. Following the exercise of the Second Option, Strategic
2
will retain an additional one percent (1%) net smelter return royalty interest. Trifecta can purchase the
second royalty interest from Strategic for the payment of 1,500 ounces of gold or the cash equivalent.
If Trifecta exercise s the First Option only, the parties shall form a joint venture to further explore and
develop the properties.
Project Portfolio
The optioned portfolio covers approximately 30,000 hectares of highly prospective land within the Yukon
portion of the Tombstone Gold Belt across 11 properties – namely, Mt. Hinton, Rye, Lance, Liam, Lois,
Leroy, Luke, Leah, Li sa, Husky and Naws. The locations of and the properties are available on the
Company’s website.
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. 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.
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.