Pr # 19-19 Otcmkts: Tigcf
PRESS RELEASE
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October 30, 2019 TSX.V: TIG
PR # 19-19 OTCMKTS: TIGCF
Frankfurt: 8N61
POSITIVE DRILLING RESULTS FOR TRIUMPH GOLD AT THE BLUE SKY ZONE,
FREEGOLD MOUNTAIN PROPERTY, YUKON
Vancouver, British Columbia: October 30, 201 9. Triumph Gold Corp., (TSX-V: TIG)
(OTCMKTS: TIGCF) (“ Triumph Gold ” or t he “ Company”) is pleased to announce positive
results from drilling at the Blue Sky Zone on their 100% own ed, 200 km 2, road accessible
Freegold Mountain Property in the Yukon Territory with the intersection of 218.39 metres of 1.26
grams per ton ne (g/t) gold equivalent** contained within 304.39 metres of 1.00 g/t gold
equivalent**.
Triumph Gold President, Tony Barresi (Ph.D., P.Geo.), comments: “It is with great pleasure that
we announce positive drill results from t he Blue Sky Zone, the second of three areas tested for
high-grade, gold-rich porphyry style mineralization during the 2019 field season . Earlier in the
season, drilling at the WAu Breccia met success, intersecting two mineralized zones that
combined to form a very good intersection of 601.80 metres * averaging 1.1 g/t gold
equivalent**. That success now continues with another long and rich intersection, three hundred
meters away, at the Blue Sky Zone. As we continue to intersect and improve our understanding
of these high grade breccia bodies, we build capacity to discover more of them and enhance the
outcome of incorporating them into a future resource model.”
Technical Highlights Include:
• Intersection of the Blue Sky Porphyry Bre ccia, beginning 70 metres closer to surface
than a nticipated, resulting in 304.39 metres * (191.61 – 496.00m) of 0.64 (g/t) gold
(Au), 5.9 g/t silver (Ag) and 0.23% copper (Cu), including:
o 219.39 metres* (191.61 – 410.00m) of 0.84 g/t Au, 6.9 g/t Ag and 0.27% Cu,
o With a high er grade included intercept : 51.17 metres * (270.00 – 321.17m)
grading 1.43 g/t Au, 6.6 g/t Ag and 0.31% Cu.
Table 1: Highlighted Results from 2019 Drilling at the Blue Sky Zone
Drill Hole From
(m) To (m) Length*
(m)
Au
(g/t)
Ag
(g/t) Cu (%) Mo
(%)
AuEq**
(g/t)
CuEq**
(%)
Blue Sky Porphyry Breccia
RVD19-04 191.61 496.00 304.39 0.638 5.9 0.233 0.006 1.000 0.881
Including 191.61 410.00 218.39 0.836 6.9 0.273 0.007 1.263 1.112
Including 270.00 321.17 51.17 1.429 6.6 0.312 0.004 1.881 1.657
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2019 Exploration Update
The 2019 exploration program on Triumph Gold’s Freegold Mountain property is now complete,
wrapping up a third consecutive year of aggressive and successful, disc overy-driven
exploration. Results to date, from the 2019 program, document continued exploration success
with long intersections of gold-rich mineralization at both the WAu Breccia and the Blue Sky
Porphyry Breccia in drill holes located approximately 300 meters apart.
Since 2017 renewed focus on the Revenue-Nucleus area of the Free gold Mount ain Property
has resulted in multiple high-grade discoveries, in cluding the high grade Blue Sky Porp hyry
Breccia.
The 2019 program included seven drill holes ( 5,557.26 metres) designed to test for a buried
gold-copper porphyry s ystem beneath the six kilomet re long, Revenue -Nucleus soil a nd
geophysical anomaly. Three targets, spanning 1.7 kilom etre strike length were selected for
drilling: the WAu Breccia, the Blue Sky Porphyry Breccia, and Big Red, a geophysical anomaly.
Results are still pending for one drill hole at the WAu Breccia and two drill holes that tested Big
Red; these data will be released as they are received and validated.
The Revenue-Nucleus area, which was the focus of the 2019 drill program, covers just a small
portion of the 200 km2 Freegold Mountain Property. Other exploration on the same highly prolific
property included trenching, mapping, and hypersp ectral su rveys at the Goldstar/Irene
epithermal gold vein target, the previously undrilled but drill-ready Cabin porphyry system, and
the Tinta polymetallic vein deposit. These results are pending and will be released in upcoming
weeks.
About The Blue Sky Zone
Relatively high-grade, gold-rich mineralization in the Blue Sky Porphyry Breccia was first
discovered in 2017 and 2018. I t is demonstrated over 180 meters in a NE -SW direction and
occupies the north -eastern extent of a 500 metre long corrido r of well m ineralized rock that
includes the WAu Breccia (e.g. 400.48 metres of 0.73 g/t Au, 6.9 g/t Ag, 0.23% Cu and 0.025%
Mo from 77.52 metres and 102.50 metres of 0.73 g/t Au, 1.5 g/t Ag, 0.18% Cu and 0.055% Mo
from 560.50 metres in RVD19-02; see PR#19-16, dated Sept 12, 2019), and porphyry related
stockwork style mineralization (e.g. 238.10 metres of 0.31 g/t gold and 0.13% copper in RVD11-
22). The high-grade Blue Sky Porphyry Breccia is modeled as an i rregular shaped body with a
steeply dipping upper surface that is open along strike to the west and downdip.
Mineralization associated with the Blue Sky Porph yry Breccia consists of chalcopyrite and
molybdenite in quartz veins, hydrothermal breccia matrix, and disseminated in hydrothermally-
altered Mid-Cretaceous granite and late syn-mineral quartz-feldspar porphyry dykes (see PR18-
09 dated September 12, 2018 for a full list of the 2017/2018 high grade intersections). The most
intense mineralization is associated with strong potassic alteration (K-feldspar grading outwards
into biotite). A set of late quartz -carbonate veins are concentrated within the main min eralized
zone and contain variable amounts of chalco pyrite, mo lybdenite, galena, sp halerite,
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bismuthinite, and visibl e gold. Although the breccia is gold -rich throughou t, late quartz -
carbonate veins represent an important second stage of gold enrichment.
Technical Details of RVD19-03 and RVD19-04
During the 2019 e xploration progra m, t wo drill hol es were completed at t he Blue Sky Zo ne
totaling 1,598.98 metres (Figure 1, Figure 2, Table 3).
RVD19-03 was drilled steeply ( -85 degrees) north-northwest to test for the down-dip extension
of the Blue Sky Porphyr y. Although low -grade porphyry gold-copper mineralization was
intersected from surface to 435 metres de pth (Table 2), RVD19-03 did not intersect the zone of
high grade mineralization. RVD19-03 was designed as a de-risking/information gathering hole in
preparation for RVD19-04, so the information gained by drilling RVD19-03 was used to modify
the planned ori entation of RVD19-04, leading to successful intersection of the Blue Sky
Porphyry Breccia.
RVD19-04 was designed to drill down plunge of the Blue Sky Porphyry Breccia to efficiently test
continuity of mineralization to depth, while also using the breccia body as a vect or towards an
underlying porphyry system. RVD19 -04 intersected the minera lized zone approximately 70
metres above where previously modeled . Accordin g to the updated model, RVD19 -04 exited
into the footwall of the mineralized zone at 496 metr es because the inclination of the hole was
too steep, however, mineralization remains open at depth. In addit ion to making a long
intersection of the hig h-grade Bl ue Sky Porphyry Breccia, s everal domains of lower grade
mineralization were intersected near surface in the hangingwall and in the footwall (Table 2).
Table 2: Full Table of Significant Intersections from RVD19-03 and RVD19-04; Blue Sky Breccia
Drill Hole From
(m) To (m) Length*
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Mo
(%)
AuEq**
(g/t)
CuEq**
(%)
Blue Sky Porphyry Breccia
RVD19-04 191.61 496.00 304.39 0.638 5.9 0.233 0.006 1.000 0.881
Including 191.61 410.00 218.39 0.836 6.9 0.273 0.007 1.263 1.112
Including 270.00 321.17 51.17 1.429 6.6 0.312 0.004 1.881 1.657
Hangingwall Mineralization
RVD19-04 6.10 19.81 13.71 0.100 0.2 0.056 0.001 0.169 0.149
And 54.50 147.00 92.50 0.137 0.1 0.028 0.000 0.172 0.152
RVD19-03 6.10 106.70 100.60 0.257 0.1 0.036 0.000 0.300 0.264
Including 37.00 51.00 14.00 0.789 0.0 0.046 0.000 0.841 0.741
And 209.00 212.00 3.00 0.238 2.9 0.112 0.000 0.399 0.351
And 421.00 423.00 2.00 1.050 0.0 0.025 0.000 1.078 0.950
And 433.00 441.00 8.00 0.281 0.0 0.021 0.000 0.305 0.269
Footwall Mineralization
RVD19-04 573.00 605.80 32.80 0.042 2.3 0.105 0.017 0.286 0.252
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Figure 1 Plan Geology Map Showing Locations of RVD19-03 and RVD19-04
Figure 2 Cross Section Showing Down Hole Au and Cu Values
TABLE 3: Drill Hole Locations and Orientations
Drill Hole Easting Northing Azimuth Inclination Depth (m)
RVD19-03 383350 6913075 340 -85 861.97
RVD19-04 383288 6913306 180 -84 737.01
Coordinates are given in North American Datum 83 (NAD83), Zone 8.
Notes
* Reported assays are uncut weighted averages and represent drilled core lengths. The true width of
reported mineralization is unknown.
** Gold equivalent [AuEq], and copper equivalent [CuEq] are used for illustrative purposes, to express the
combined value of gold, silver, molybdenum and copper as a percentage of gold or copper. No
allowances have been made for recovery losses that would occur in a mining scenario. AuEq and CuEq
are calculated on the basis of US$2.50 per pound of copper, US$12.70 per pound of molybdenum,
US$1,510 per troy ounce of gold and US$17.00 per troy ounce of silver.
AuEq = ($1510.00 X Au [g/t] / 31.10 + $17.00 X Ag [g/t] / 31.10 + $2.50 X Cu [%] /100 X 2204.63 +
$12.70 X Mo [%] / 100 X 2204.63) / $1510.00 X 31.10
CuEq = ($1510.00 X Au [g/t] / 31.10 + $17.00 X Ag [g/t] / 31.10 + $2.50 X Cu [%] /100 X 2204.63 +
$12.70 X Mo [%] / 100 X 2204.63) / $2.50 X 100 / 2204.63
Methods and Qualified Person
Drill core samples ranged between 1 and 2 metres length and were cut at Triumph’s core logging facility
on the Freegold Mountain Property. The samples were analy zed by SGS Canada of Vancouv er, British
Columbia. They were prepared for analysis according to SGS method PRP89: each sample was crushed
to 75% passing 2mm and a 250g split wa s pulverized to better than 85% passin g 75 micron mesh. Gold
was tested by fire assay with atomic absorptio n finish on a 30g nominal sample (method GE FAA313) ,
and samples that tested over 10 g/t Au were retested using a 50g sample and a gravimetric techn ique. An
additional 35 elements were t ested by IC P-AES using a four -acid digestion (method GE ICP40B), over
limit samples for copper were re tested using the sa me technique but with ore grade fo ur acid digestion
and a higher range of detection (method GA AA S42S). Quality assurance and control ( QAQC) is
maintained at the lab through rig orous use of internal standa rds, blanks and duplicates. An additional
QAQC program was administered by Triumph G old: at minimum three quality control samples, consisting
of blanks, certified reference standards an d duplicate s, are blindly inserted into ea ch 75 sample batch.
QAQC samples that return unacceptable v alues trigger inves tigations into the results and rea nalyses of
the samples that were tested in the batch with the failed QAQC sample.
The technical cont ent of this news release has been reviewe d and approved by Tony Barres i, Ph.D.,
P.Geo., President of the company, and qualified person as defined by National Instrument 43-101.
About Triumph Gold Corp.
PRESS RELEASE
For Further Information, please 1100 – 1111 Melville Street
Visit our website at Vancouver, BC, Canada, V6E 3V6
www.triumphgoldcorp.com Tel: 604.893.8757
Triumph Gold Corp. is a growth oriented Canadian -based precious metals exploration and develop ment
company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale
Freegold Mountain Project in Yukon. For maps and more inform ation, p lease visit our website
www.triumphgoldcorp.com
On behalf of the Board of Directors
Signed "Tony Barresi"
Tony Barresi, President
For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
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release.
This news r elease contains forward -looking informa tion, which involves known and unknow n risks,
uncertainties and other factors that may cause actual events to differ materially from curre nt expectation.
Important factors - including the availability of funds, the re sults of financing efforts, the complet ion of due
diligence and the results of exploration activities - that could ca use actual results to differ materially from
the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR
(see www.sedar.com). Readers are cautioned not to place undue reliance on these forward -looking
statements, which speak on ly as of the dat e of this press release. The company disclaims any intention
or obligation, except to the extent requ ired by law, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.