Triumph Gold Announces Results from Exploration Drilling in the Granger and Guder Zones
Triumph Gold Announces Results from Exploration Drilling in the Granger and
Guder Zones
VANCOUVER, British Columbia, Oct. 24, 2018 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold ”
or the “Company”) is pleased to announce the results of exploration drilling in the Granger and Guder zones on its 100%
owned, road accessible, Freegold Mountain Property in the Yukon Territory. The Granger and Guder zones ( Figure 1) are
located in the central portion of a six kilometre long multi-element soil anomaly that also contains the recently discovered high
-grade, gold-rich Blue Sky Porphyry over one kilometre to the east and the Nucleus gold deposit over 1.5 kilometres to the
west.
Granger Zone
Six holes totalling 1,014 metres tested a shallow oxide gold target in the Granger Zone, which is located between the Revenue
diatreme and Nucleus gold deposit. Historical exploration in this zone included trenching, rock sampling, with grab samples up
to 45.5 g/t (grams per tonne) gold (Au), and percussion, RC (reverse circulation) and limited diamond drilling. Historical drilling
intersected multiple shallow oxide gold intercepts, including 5.29 g/t Au over 13.71 metres in GRRAB-091 (from 3.05 metres to
the bottom of the hole at 16.76 metres). Drilling in 2018 intersected variably oxidized mineralization in every hole, delineating a
mineralized corridor over 200 metres strike-length and to a depth of at least 74 metres. The mineralized zone is open in all
directions and to depth.
Highlights of the results from 2018 Granger Zone drilling include:
RVD18-33 with 18.39 metres of 0.98 g/t Au (2.95 – 21.34m)
RVD18-29 with 18.00 metres of 0.61 g/t Au (53.00 – 71.00m)
RVD18-30 with 55.21 metres of 0.45 g/t Au (18.84 – 74.05m)
The geological setting and the style of mineralization in the Granger Zone are similar to the Nucleus gold deposit, located
approximately 1.5 kilometres to the west. Mineralization is focused within a brecciated and highly altered roof pendant of
metamorphic rock surrounded by the Revenue Granite and intruded by numerous quartz-feldspar porphyry and microgranite
dykes.
Table 1 - 2018 Granger Zone Drill Intersections
Drill Hole From To Length*** Au Cu AuEq* CuEq*
m m m g/t % g/t g/t
RVD18-29 26.40 30.40 4.00 0.461 0.108 0.650 0.395
And 53.00 71.00 18.00 0.607 0.034 0.666 0.405
And 90.00 97.00 7.00 0.331 0.102 0.507 0.308
RVD18-30 18.84 74.05 55.21 0.446 0.054 0.539 0.327
RVD18-31 7.62 41.10 33.48 0.435 0.032 0.499 0.303
RVD18-33 2.95 21.34 18.39 0.979 0.032 1.035 0.629
RVD18-34 30.48 36.58 6.10 0.509 0.099 0.681 0.414
and 85.00 99.30 14.30 0.575 0.015 0.601 0.365
RVD18-35 29.31 31.64 2.33 0.482 0.098 0.644 0.391
Guder Zone
Six drill holes totalling 1,352 metres tested the Guder Zone, located approximately one kilometre southeast of the Granger
Zone on the south side of the Revenue diatreme. These drill holes followed up on a high-grade gold intersection in RVD17-14
(15.0 g/t Au over seven metres; PR#17-14 dated November 15, 2017), and on porphyry style alteration and veining encountered
in the same hole. The 2018 drilling intersected significant copper and gold grades in supergene enriched sulfide (e.g. RVD18-
27 with 37.50 metres of 0.26 g/t Au, 3.3 g/t Ag and 0.17% Cu) and hypogene sulfide porphyry style mineralization (e.g. RVD18
-37 with 26.38 metres of 0.26 g/t Au, 0.11% Cu). The best porphyry style veining, alteration and mineralization was intersected
in the two drill holes collared farthest to the west (RVD18-27 and RVD18-37). This mineralization may be part of a larger
mineralized zone also intersected by several historical drill holes approximately 200 metres to the west including RVRC10-031
which collared in 13.71 metres grading 0.49 g/t Au, 6.5 g/t Au, 0.310% Cu (6.10 – 19.81m) and bottomed in 44.20 metres
grading 0.51 g/t Au, 3.5 g/t Ag, 0.175% Cu (73.15 – 117.35m).
Table 2 - 2018 Guder Zone Drill Intersections
Drill Hole From To Length*** Au Ag Cu Mo AuEq* CuEq*
m m m g/t g/t % % g/t g/t
RVD18-26 75.00 76.50 1.50 2.750 3.0 0.165 0.000 3.060 1.859
RVD18-27 61.50 99.00 37.50 0.256 3.3 0.169 0.007 0.641 0.390
Including 73.00 83.60 10.60 0.347 7.3 0.353 0.015 1.156 0.702
RVD18-28 306.50 320.00 13.50 0.078 3.7 0.150 0.004 0.408 0.248
RVD18-32 265.00 271.00 6.00 0.159 1.0 0.151 0.016 0.560 0.340
RVD18-36 180.00 182.00 2.00 1.220 2.0 0.070 0.008 1.427 0.867
RVD18-37 8.40 114.77 106.37 0.155 1.1 0.080 0.003 0.330 0.200
Including 88.39 114.77 26.38 0.260 1.0 0.106 0.003 0.450 0.273
President’s Comment
Paul Reynolds, Triumph Gold’s President and CEO comments, “As we continue to explore the six kilometre multi-element soil
anomaly that envelops the Blue Sky, Revenue and Nucleus areas, we are becoming increasingly convinced that the entire
area is affected by a very large and vigorous hydrothermal system. Identifying porphyry style mineralization at Guder and
Nucleus-like oxide gold mineralization at Granger is an excellent outcome for this portion of the exploration drill program and
demonstrates the diversity of targets and extent and complexity of the system.”
Table 3 - Location and Orientation of Drill Holes in the Granger and Guder zones, 2018
Drill Hole Easting** Northing** Azimuth Inclination Total Depth (m)
Granger
RVD18-29 381420 6914087 156 -50 170.69
RVD18-30 381465 6914101 156 -48 111.25
RVD18-31 381465 6914101 156 -75 281.94
RVD18-33 381540 6914059 336 -50 137.46
RVD18-34 381623 6914075 336 -56 221.28
RVD18-35 381644 6914113 320 -55 91.44
Guder
RVD18-26 382196 6913093 0 -50 164.59
RVD18-27 382010 6913164 0 -50 152.4
RVD18-28 382155 6913020 0 -60 350.52
RVD18-32 382078 6913071 0 -50 301.75
RVD18-36 382251 6913038 0 -50 244.45
RVD18-37 381938 6913221 0 -55 138.07
Notes:
* 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$3.00 per pound of copper,
US$16.00 per pound of molybdenum, US$1,250 per troy ounce of gold and US$16.00 per troy ounce of silver.
** Coordinates are given in North American Datum 83 (NAD83), Zone 8.
*** Length/interval refer to drill hole intercept. True widths have not been determined.
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 analyzed by SGS Canada of Vancouver, British Columbia. They were prepared for
analysis according to SGS method PRP89: each sample was crushed to 75% passing 2mm and a 250g split was pulverized
to better than 85% passing 75 micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30g nominal
sample (method GE FAA313), and samples that tested over 10 g/t Au were retested using 50g screened metallics (GO
FAS50M), which uses a combination of AAS, ICP-AES and gravimetric finishes to determine gold contained in both a fine and
coarse fraction after being sieved through 106 mesh. An additional 35 elements were tested by ICP-AES using a four-acid
digestion (method GE ICP40B), over limit samples for copper were retested using the same technique but with assay grade
four acid digestion and a higher range of detection (method GA AAS42S). 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 three quality control samples, consisting of blanks, certified reference standards
and duplicates, were blindly inserted into each 75 sample batch. QAQC samples that return unacceptable values trigger
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
For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
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.
A figure accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/91046e3c
-b9c9-4853-891b-9581e587884