Triumph Gold Announces Drill Results Demonstrating Porphyry Mineralization over 2.85 km Strike Length, including 57m of 1.01 g/t Gold and 0.285% Copper in RVD17-13, and Discovery of a New Gold Showing
Triumph Gold Announces Drill Results Demonstrating Porphyry Mineralization
over 2.85 km Strike Length, including 57m of 1.01 g/t Gold and 0.285% Copper in
RVD17-13, and Discovery of a New Gold Showing
TSX.V: TIG
OTCMKTS: NFRGF
Frankfurt: 8N61
VANCOUVER, Nov. 2, 2017 /CNW/ - Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: NFRGF)
("Triumph Gold" or the "Company") is pleased to announce that prospecting and step out drilling to the
east and west of the Revenue diatreme have been rewarded with significant new discoveries including:
1. High-grade gold-rich porphyry mineralization in multiple drill holes in the Blue Sky Zone
(Figure 1, Table 1, Table 2), east of the Revenue diatreme, including identification of visible
gold in RVD17-01, and 57m of 1.72 grams/tonne (g/t) AuEq* at 1.08 g/t gold and 0.285%
copper in RVD17-13.
2. A corridor of high-grade, gold-rich, porphyry style mineralization over a strike length of 450m
(including RVD1-13, previous bullet point) that extends from the eastern edge of the
Revenue diatreme northeast into the Blue Sky Zone. Mineralization is open to depth and to
the northeast where it appears to increase in grade.
3. Identification of a robust porphyry related hydrothermal system responsible for dense
stockwork veining, phyllic and potassic alteration and copper-gold mineralization from
surface to 603m depth in a single drill hole collared 1.4 km west of the Revenue diatreme in
the Keirsten Zone.
4. Discovery of a new gold showing (Happy Creek showing) on the far eastern side of the
Revenue/Nucleus 5.5 X 2.0 km soil/geophysical anomaly, 400m east of any historical drilling
and over 1 km east of the Revenue diatreme. The showing is defined with surface grab
samples that grade up to 5.77 g/t gold and a 236m drill intersection with a length***
weighted average gold grade of 0.238 g/t.
Triumph Gold completed 12,904m of diamond drilling in 35 holes during 2017. Results from 17 holes
totalling 7,632m have been released to date. The remaining results will be released in the coming weeks.
Table 1: Location and Orientation of 2017 Diamond Drill Holes Testing the Blue Sky and Keirsten Zones
Hole # Easting** Northing** Azimuth Inclination Depth (m)
RVD17-01 383110 6913099 028 -60 508.71
RVD17-02 383107 6913092 208 -60 490.73
RVD17-03 383286 6913321 198 -70 505.66
RVD17-06 383311 6912718 180 -50 367.28
RVD17-07 383551 6912845 180 -60 484.63
RVD17-09 383902 6912633 204 -50 420.03
RVD17-11 383259 6912085 270 -60 483.11
RVD17-13 383282 6913319 014 -65 452.63
KZ17-01 380483 6913717 000 -70 603.50
Motivation for Step Out Drilling
A primary objective of the 2017 drill program near Revenue was to demonstrate through systematic step
outs that the Revenue diatreme is part of a larger porphyry system. The idea was tested with drilling at
the Blue Sky and Keirsten Zones which extend approximately 1 km to the east and west of the Revenue
diatreme, respectively (Figure 1). The motivation for the broad expansion of the exploration target at
Revenue was identification of porphyry style high-grade copper-gold-silver and molybdenum
mineralization that predates diatreme emplacement, in drill holes adjacent to the Revenue diatreme
(noted below and Figure 1).
RVD11-019: 70.48m (179.25 – 249.73m) 1.489 g/t Au, 0.219% Cu
RVD11-022: 55.45m (86.75 – 142.20m) 0.418 g/t Au, 0.191% Cu
RVD11-028: 162.36m (84.79 – 247.15m) 0.446 g/t Au, 0.218% Cu, 0.085% Mo.
While the diatreme is recognized as an exploration target itself, the possibility that it is surrounded by a
porphyry with significant gold and copper grades remained largely untested until the 2017 drill program.
Porphyry Mineralization in the Blue Sky Zone
The Blue Sky Zone encompasses a multi-element soil anomaly that extends up to 1.5 km east of the
Revenue diatreme (Figure 1). Relogging of core from RVD11-019, 022 and 028 in 2016 identified two
stages of mineralization, including an early stage of classic porphyry related stockwork veining with
potassic alteration with good gold-copper-molybdenum grades (see above). Step out drilling in 2017 was
designed to test for eastward extensions of that mineralization within the Blue Sky Zone soil
anomaly. Three drill holes that tested the Blue Sky Zone intersected significant porphyry style
mineralization (Figure 1, Table 1, 2).
RVD17-013 was collared 350 metres northeast of drill holes RVD11-019, 22 and 28, and intersected
119m of copper-molybdenum-gold-silver porphyry style mineralization grading 0.60% CuEq*,
with a 57m thick high-grade, gold-rich core grading 1.09% CuEq* at 1.083 g/t gold and 0.285%
copper (Table 2).
RVD17-01 was collared 100 metres east of drill holes RVD11-19, 22 and 28 and intersected
148.58m of copper-molybdenum-gold-silver porphyry style mineralization. Average grades
within the intersection include 39.58m of 0.40% CuEq* and 94.38m of 0.48% CuEq* (Table 2).
RVD17-03 was drilled from the same setup as RVD17-13 but in the opposite direction. It is
interpreted to have just skimmed the edge of the mineralized zone, intersecting multiple short
domains of porphyry style mineralization and alteration including 18.60m of 0.423 g/t gold and
0.105% copper (Table 2, 4).
Together with results from RVD17-12 (PR#17-12, October 19, 2017: 245m of 0.37 CuEq* with a 58.65
metre high-grade core grading 0.971 g/t Au and 0.218% Cu), and historical drill holes RVD11-19, 22
and 28, a corridor of high-grade, gold-rich, porphyry style mineralization is now demonstrated over a
strike length of 450m. The geometry of the mineralized zone is not well understood, but at minimum it is
open at depth and to the northeast where, based on results from RVD17-13, it appears to be increasing in
grade.
Table 2: Length*** Weighted Drill Intercepts - Highlights from 2017 drilling of porphyry related
mineralization in the Blue Sky Zone
Hole # From
(m)
To
(m)
Length***
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Mo
(%)
AuEq*
(g/t)
CuEq*
(%)
RVD17-01 315.42 355.00 39.58 0.402 1.7 0.097 0.013 0.64 0.40
Including 315.42 317.00 1.58 5.750 0.7 0.041 n/a 5.82 3.68
And 369.62 464.00 94.38 0.337 3.9 0.169 0.022 0.76 0.48
RVD17-03 214.40 233.00 18.60 0.423 2.3 0.105 0.007 0.65 0.41
RVD17-13 88.00 207.00 119.00 0.614 3.4 0.154 0.010 0.95 0.60
Including 112.00 169.00 57.00 1.083 6.6 0.285 0.020 1.72 1.09
Including 121.00 155.00 34.00 1.605 9.2 0.388 0.019 2.44 1.54
Porphyry Mineralization in the Keirsten Zone
The Keirsten Zone is a newly identified target area within the roughly 5.5 X 2.0 km soil and geophysical
anomaly that encompasses the Revenue and Nucleus areas (Figure 1). The area was targeted for
exploration in 2017 to test an intense chargeability and resistivity high at depth. KZ17-01 was drilled near
the center of the chargeability high. The top 193 metres of bedrock are phyllic altered quartz-feldspar
porphyry, with textures identical to the dykes that are responsible for high-grade gold mineralization at the
Nucleus deposit 1 km to the west. Beneath the quartz-feldspar-porphyry, to the end of hole at 603.50
metres, strongly veined and altered granite with complex overprinting propylitic, phyllic and potassic
alteration assemblages was intersected. The granite is identical in texture and composition to granite in
RVD17-12 and RVD17-13 up to 2.85 km to the east, and despite the lower grades of copper and gold in
KZ17-01 (Table 4) compared to RVD17-12 and RVD17-13, the stockwork veining is more intense. It is of
particular note in KZ17-01 that mineralization extends from the bedrock surface to the bottom of the hole
at 603.50m depth. This is indicative of a large mineralized system, yet the Keirsten Zone is virtually
unexplored in every direction. Encouraging results from surface samples collected from a new drill road
within the zone are suggestive of nearby higher grade gold-rich domains (Table 3).
Table 3: Surface grab samples with significant Gold from the Keirsten Zone
Sample Easting** Northing** Au (g/t) Ag (g/t)
E446471 380465 6914172 0.423 2.2
E446474 380551 6914393 1.025 14.0
E446476 380609 6914511 0.461 2.1
Tony Barresi, Triumph's VP Exploration, comments: "Geological results from drilling in the Keirsten Zone
are encouraging. While the copper and gold grades in KZ17-01 are low, the continuity of mineralization
and alteration and intensity of the veining are suggestive of a large and vigorous hydrothermal system
that we are eager to continue to explore in 2018."
Table 4: Length*** Weighted Drill Intercepts – Table of Significant results (See below for RVD17-09) – Mo
only reported where composite average is > 15ppm
Hole # From
(m)
To
(m)
Length***
(m)
Au
(g/t)
Ag
(g/t)
Cu
(%)
Mo
(%)
AuEq*
(g/t)
CuEq*
(%)
RVD17-01 97.00 99.00 2.00 1.475 8.8 0.362 0.002 2.18 1.37
And 315.42 355.00 39.58 0.402 1.7 0.097 0.013 0.64 0.40
Including 315.42 317.00 1.58 5.750 0.7 0.041 5.82 3.68
And 369.62 464.00 94.38 0.337 3.9 0.169 0.022 0.76 0.48
RVD17-02 87.29 89.00 1.71 1.055 0.4 0.023 1.10 0.69
And 110.00 112.00 2.00 0.704 0.4 0.020 0.74 0.47
RVD17-03 28.00 30.00 2.00 1.225 4.7 0.181 1.58 1.00
And 78.00 80.00 2.00 1.130 2.6 0.129 0.003 1.38 0.87
And 162.00 174.31 12.31 0.275 2.3 0.134 0.53 0.33
And 214.40 233.00 18.60 0.423 2.3 0.105 0.007 0.65 0.41
Including 216.50 220.50 4.00 0.981 3.7 0.149 0.016 1.34 0.85
And 242.98 250.14 7.16 0.257 2.4 0.128 0.007 0.53 0.33
And 312.00 313.00 1.00 4.270 1.7 0.251 4.69 2.96
RVD17-06 No Significant Results
RVD17-07 5.00 7.00 2.00 0.748 0.2 0.019 0.78 0.49
And 13.00 15.00 2.00 0.932 0.4 0.024 0.98 0.62
And 148.00 150.00 2.00 0.813 0.5 0.029 0.87 0.55
And 367.00 397.00 30.00 0.086 1.0 0.062 0.20 0.13
RVD17-11 17.00 18.00 1.00 0.514 48.40 1.110 2.92 1.84
And 221.00 222.00 1.00 2.820 1.5 0.119 3.04 1.92
RVD17-13 88.00 207.00 119.00 0.614 3.4 0.154 0.010 0.95 0.60
Including 112.00 169.00 57.00 1.083 6.6 0.285 0.020 1.72 1.09
Including 121.00 155.00 34.00 1.605 9.2 0.388 0.019 2.44 1.54
And 260.00 268.00 8.00 0.742 0.6 0.027 0.021 0.90 0.57
And 390.00 392.00 2.00 1.990 1.0 0.034 2.06 1.30
KZ17-01 50.34 603.50 553.16 0.071 0.3 0.023 0.11 0.07
Including 276.00 277.50 1.50 3.710 0.6 0.023 0.004 3.78 2.39
Including 343.00 363.00 20.00 0.173 0.6 0.059 0.002 0.29 0.18
Discovery of New Gold Showing – The Happy Creek Showing
A new zone of gold mineralization was discovered during reconnaissance prospecting and drilling within
the Blue Sky Zone soil anomaly. RVD17-09, which represents a 1.1 km eastward step out into the Blue
Sky Zone (Figure 1), intersected a broad zone of gold mineralization associated with a swarm of aplite,
pegmatite and lesser quartz-feldspar-porphyry dykes. The upper 29 metres of core in RVD17-09 is
strongly fractured and oxidized and grades 0.510 g/t gold; it is contained within a 269m intersection of
0.238 g/t gold, with ten longer than 1-meter samples grading over 1 g/t gold (Table 5). Two surface grab
samples of bull quartz collected from regolith returned gold grades of 5.77 and 3.76 g/t (Table 6). The
location of the Happy Creek showing, and the collar of RVD17-09 represents the farthest step out east of
the Revenue diatreme to date. The showing is 1.1 km east of the Revenue diatreme and 400 metres east
of any other drill holes. It is the only drill hole that has ever tested the Happy Creek drainage and
mineralization is considered open in every direction.
Table 5: Length*** Weighted Drill Intercepts – Happy Creek Showing
Hole #
From
(m)
To
(m)
Length***
(m)
Au
(g/t)
RVD17-09 21.00 290.00 269.00 0.238
Including 21.00 50.00 29.00 0.510
Including 35.00 37.00 2.00 1.180
Including 48.00 50.00 2.00 1.380
Including 82.00 83.50 1.50 1.035
Including 95.00 97.00 2.00 1.435
Including 105.00 106.50 1.50 3.720
Including 172.78 174.00 1.22 1.530
Including 208.00 210.00 2.00 1.170
Including 234.00 262.00 28.00 0.341
Including 248.00 250.00 2.00 1.175
Including 286.00 288.00 2.00 1.035
And 387.16 389.00 1.84 3.140
Table 6: Surface grab samples from the Happy Creek Showing
Sample Easting** Northing** Au (g/t) Ag (g/t)
G286224 383900 6912750 3.76 7.7
G286225 383894 6912768 5.77 6.8
Tony Barresi, Triumph's VP Exploration, comments: "This new showing, which lies in the completely
untested-by-drilling catchment of Happy Creek, a known placer creek, represents an exciting new
exploration target. The tenor of gold mineralization encountered so far is similar to what was seen in
some of the early drill holes and surface samples at Nucleus."
Summary of Revenue Geology
Porphyry mineralization at Revenue extends from at least the Keirsten Zone to the Blue Sky Zone, and
was encountered in the farthest step out holes both east and west of the Revenue diatreme. The
mineralizing system is composed of a large porphyry, at least 2.85 km in strike length, with a mineralized
diatreme in its center and the Nucleus gold deposit off its western flank. If gold mineralization
encountered in the newly discovered Happy Creek showing is also porphyry related then the strike length
of porphyry mineralization is increased to 3.6 km. Within the diatreme and surrounding granite there are
numerous drill intersections of good copper-gold, silver and molybdenum grades, however, now with the
results of 2017 drilling, there is a demonstrated zone of high-grade, gold-rich, porphyry style
mineralization that extends at least 450 meters from the eastern margin of the Revenue diatreme
eastward into the Blue Sky Zone, where it appears to be increasing in grade, and remains open to the
northeast and depth.
President's Comment
Paul Reynolds, Triumph's President & CEO, comments: "New drilling in 2017 has demonstrated a vast
area of porphyry style mineralization extending at least 2.8 km from the Keirsten Zone to the Blue Sky
Zone, both of which are new discoveries this year. In addition to defining a very large porphyry footprint
we have also made numerous intersections of gold-rich high-grade porphyry mineralization (see this NR
and NR17-12 dated October 19, 2017). The elements of size and grade are beginning to stack in our
favour and the possibility that a very large porphyry deposit underlies what had previously appeared to be
separate showings, is becoming more and more compelling as we continue to explore."
Notes:
* Copper and Gold Equivalent [CuEq*, AuEq] are used for illustrative purposes, to express the combined
value of copper, gold, silver and molybdenum as a percentage of either copper or gold. No allowances
have been made for recovery losses that would occur in a mining scenario. CuEq and AuEq are
calculated on the basis of US$3.10 per pound of copper, US$1,305 per troy ounce of gold, US$17.40 per
troy ounce of silver and US$7.00 per pound of molybdenum oxide.
** Coordinates are given in North American Datum 83 (NAD83), Zone 8.
*** Length refers to drill hole intercept. True widths have not been determined.
Methods and Qualified Person
Drill core samples ranged between 1 and 2m length and were cut at Triumph's core logging facility on the
Freegold Mountain Property (Revenue Camp; Figure 1). The samples were analyzed by ALS Global of
North Vancouver, British Columbia. They were prepared for analysis according to ALS method PREP35:
each sample was crushed to 70% passing 2mm and a 250g split was pulverized to better than 95%
passing 106 micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30g nominal
sample (method Au-AA23), and samples that tested over 10 g/t Au were retested using fire assay with a
gravimetric finish (method Au-GRA21). An additional 35 elements were tested by ICP-AES using an
Aqua Regia digestion (method ME-ICP41), over limit samples for copper were retested using the same
technique but with assay grade Aqua Regia digestion and a higher range of detection (method ME-
OG46). Quality assurance and control (QAQC) is maintained at the lab through rigorous use of internal
standards, blanks and duplicates. An additional QAQC program was administered by Triumph Gold: at
minimum one in ten samples submitted by Triumph Gold was a blank or certified reference
standard. QAQC samples that returned unacceptable values triggered investigations into the results and
reanalyses of the samples that were tested in the batch with the failed QAQC sample.
The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D.,
P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.
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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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 08:00e 02-NOV-17