Triumph Gold Commences Deep Penetrating Geophysical Surveys over the Blue-Sky, Revenue and Nucleus Area Targeting a Buried Causative Porphyry
Triumph Gold Commences Deep Penetrating Geophysical Surveys over the
Blue-Sky, Revenue and Nucleus Area Targeting a Buried Causative Porphyry
VANCOUVER, British Columbia, Sept. 20, 2018 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold ”
or the “Company”) is pleased to announce the September 15 th start of a geophysical program on its road accessible, 100%
owned, Freegold Mountain property. The geophysical program encompasses the entire length of a multi-element soil anomaly
that surrounds the Blue Sky, Revenue and Nucleus areas (Figure 1). The program is being conducted by SJ Geophysics and
will include resistivity (DC), induced polarization (IP), magnetotelluric (MT), and ground magnetic surveys. The configuration of
the IP survey is designed to provide data to a depth of 700 metres and the MT survey extends the depth of investigation to
approximately 1,200 metres. The DC, IP and MT surveys will cover approximately 30 line-kilometres, with three 7 km long
lines running the length of the soil anomaly from NW to SE, and three approximately 3 km long lines running across the Blue
Sky Zone in a N-S orientation (Figure 1). The survey is expected to be complete by October 5 and will require several weeks
for further data processing before final results will be delivered to the company.
Follow Hyperlink to Figure 1.
Age dating by the Mineral Deposit Research Unit (UBC), Yukon Geological Survey and other researchers has demonstrated
that the newly discovered high-grade, gold-rich mineralization in the Blue Sky Zone (e.g. 316 m of 1.79 g/t AuEq* in RVD18-
19, PR18-09) and WAu breccia (e.g. 128m of 1.27 g/t AuEq* in RVD18-08, PR18-07), as well as epithermal gold
mineralization in the Nucleus area, are at least 30 million years younger than their host rocks. Therefore, the intrusive bodies,
which are the cause of the mineralization, have yet to be discovered. The geophysical surveys are designed to test for an
underlying intrusion that was a driver for the widespread and intense hydrothermal systems responsible for the near-surface
mineralization. The surveys extend across, and up to 500 metres beyond, the full length of the six kilometre soil anomaly that
encompasses the Blue Sky Porphyry, WAu breccia, Revenue, Nucleus, and numerous other showings. The length of the
survey lines (7 km), and the dipole spacing (200 or 300 m), are optimized to test beneath the known, at- or near-surface zones
of mineralization, to relate them to an underlying and potentially well mineralized source.
Tony Barresi, Triumph Gold Corp’s Vice President of Exploration comments: “This year’s discovery of very high-grade gold-rich
porphyry style mineralization in the Blue Sky Zone has reinforced our hypothesis that the entire 6 kilometre long Revenue-
Nucleus area soil anomaly is underlain by a buried causative intrusion that is responsible for all of the near-surface
mineralization. If the size and pervasiveness of mineralization near surface is any indication, there could be something
exceptionally large and well mineralized at depth. These geophysical surveys will be first order exploration tools as we embark
on an elephant hunt.”
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.
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
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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.