Triumph Gold Announces Completion of its 2017 Field Campaign and Discovery of the Tinta Hill Vein Structure up to 1.17 Km to the NW of its Previous Known Extent
Triumph Gold Announces Completion of its 2017 Field Campaign and Discovery
of the Tinta Hill Vein Structure up to 1.17 Km to the NW of its Previous Known
Extent
TSX.V: TIG
PR # 17-11 OTCMKTS: NFRGF
Frankfurt: 8N61
VANCOUVER, Sept. 14, 2017 /CNW/ - Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: NFRGF)
("Triumph Gold" or the "Company") announces the completion of its 2017 field season. The 2017
exploration campaign began in late May and focused on the Company's 100% owned, road accessible,
Freegold Mountain property, located approximately 80 kilometres northwest of Carmacks, Yukon
Territory, Canada. Work on the property included thirty-five diamond drill holes totaling 12,904 metres in
the Revenue and Nucleus areas, over 600 metres of trenching and collection of 993 soil samples at Tinta
Hill, and reconnaissance work on a dozen other showings and prospects. In addition to work conducted
by Triumph Gold, geological mapping of the property and surrounding area was supported by the Yukon
Geological Survey and conducted by researchers at the Mineral Deposit Research Unit (MDRU) of the
University of British Columbia. Triumph Gold geologists also conducted reconnaissance mapping and
sampling on their 100% owned Severance (YT), Tad/Toro (YT), and Andalusite Peak (BC) properties.
Geochemical results from the 2017 field season have been considerably delayed compared to previous
years due to the exceptionally high volume of samples being produced in Yukon. During the second half
of the exploration program samples were shipped to Thunder Bay rather than Whitehorse for more
expedient processing. Geochemical results from drilling and other sampling programs will be released in
the upcoming weeks as the data are received and reviewed.
Tinta Hill Trenching
Tinta Hill is a polymetallic vein deposit with a current inferred resource of 2.16 million tonnes grading 1.89
g/t gold, 54.9 g/t silver, 0.27% copper, 0.99% lead and 1.41% zinc at a 0.5 g/t gold cut-off grade
(December 15, 2014). The vein tapers and pinches out to the NW of the resource area. However, soil
geochemical and VLF-EM surveys conducted in 2016 identified coincident multi-element soil anomalies
and conductors along strike of the Tinta Vein (see press release dated February 27, 2017), beginning
approximately 460 metres to the NW of the mapped extent of the Tinta Vein and encompassing an
additional 700 metres, along strike, to the limit of the soil survey (see map below). The area was tested in
September of this year with seven trenches. Six of the seven trenches exposed multiple strongly clay
and hematite altered zones with pyritic quartz veins and silicified domains that range from less than 1
centimetre to 2.6 metres in width. The mineralized veins are heavily leached and boxwork after sulfide-
rich quartz veins/silicified domains is common. Where quartz veins with remnant sulfides are preserved,
they contain up to 15% pyrite, and in six locations chalcopyrite, malachite and/or galena were also
observed, confirming base metal mineralization similar to the Tinta Vein. Based on mapping of the 2017
trenches, it is now apparent that an altered and veined structure, similar in character to the Tinta Vein, is
present over at least a 700-metre extent along strike of the Tinta Vein. The geochemical results of 73
chip and 18 grab samples collected from the trenches are expected in approximately five weeks.
Management Changes
The Company also announces the appointment of Mr. Rakesh Patel as Chief Financial Officer. Mr. Patel
replaces Glen Diduck, a founding director of the Company, who has resigned to focus on other business
ventures. The Company wishes to acknowledge Glen's contribution and thank him for the past 11 years
of service.
Rakesh Patel is a partner in the Audit and Assurance Group at DMCL Chartered Professional
Accountants. He provides audit and advisory services to Canadian and US private and public
companies. He specializes in guiding private companies entering the public markets and assisting them
with the registration process. He also has extensive knowledge of Canadian and US securities rules
relating to the public markets, initial public offerings, prospectuses and mergers and acquisitions.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development
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 information, please visit our website
www.triumphgoldcorp.com
On behalf of the Board of Directors
Signed "Paul Reynolds"
Paul Reynolds, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking information, which involves known and unknown risks,
uncertainties and other factors that may cause actual events to differ materially from current expectation.
Important factors - including the availability of funds, the results of financing efforts, the completion of due
diligence and the results of exploration activities - that could cause 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 only as of the date of this press release. The company disclaims any intention
or obligation, except to the extent required by law, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
SOURCE Triumph Gold Corp.
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%SEDAR: 00023892E
For further information: John Anderson, Chairman, Triumph Gold Corp., (604) 283-0896,
[email protected]; Nancy Massicotte, IR Pro Communications Inc., (604)-507-3377,
CO: Triumph Gold Corp.
CNW 09:00e 14-SEP-17