Triumph Gold Intersects Strong Gold-Rich Porphyry Mineralization in the Blue Sky Porphyry, including 125.13 metres of 1.24 grams per tonne Gold, 0.31% Copper, 7.0 grams per tonne Silver and 0.01% Molybdenum
Triumph Gold Intersects Strong Gold-Rich Porphyry Mineralization in the Blue
Sky Porphyry, including 125.13 metres of 1.24 grams per tonne Gold, 0.31%
Copper, 7.0 grams per tonne Silver and 0.01% Molybdenum
VANCOUVER, British Columbia, Aug. 23, 2018 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold ”
or the “Company”) is pleased to announce the delineation of gold-rich porphyry-style mineralization in the Blue Sky Zone on
their 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Highlights from the first three drill
holes to intersect the zone in 2018 include:
• RVD18-17 with 125.13 metres of 1.24 grams per tonne (g/t) gold, 7.0 g/t silver, 0.31% copper and 0.01%
molybdenum contained within 202.10 metres of 0.87 g/t gold, 5.8 g/t silver, 0.26% copper and 0.01%
molybdenum (287.00 – 489.10m).
• RVD18-16 with 94.50 metres of 1.53 g/t gold, 5.8 g/t silver, 0.28% copper and 0.01% molybdenum (170.50 –
265.00m).
• RVD18-05 with 149.26 metres of 0.30 g/t gold, 2.5 g/t silver, 0.15% copper and 0.02% molybdenum (375.00 –
524.26m), which bottomed in the highest grade portion of the intersection with 39.51 metres of 0.68 g/t gold, 5.0 g/t
silver, 0.25% copper, and 0.03% molybdenum (484.75 – 524.26m).
Table 1 – Blue Sky Porphyry Diamond Drill Intercepts, 2018
Drill hole From To Length*** Au Ag Cu Mo AuEq* CuEq*
M M M g/t g/t % %
RVD18-05 375.00 524.26 149.26 0.300 2.5 0.152 0.016 0.72 0.44
Including 484.75 524.26 39.51 0.679 5.0 0.248 0.027 1.38 0.84
Including 508.75 524.26 15.51 0.807 6.0 0.274 0.034 1.63 0.99
RVD18-16 170.50 265.00 94.50 1.532 5.8 0.279 0.013 2.18 1.33
Including 241.50 258.00 16.50 3.440 10.2 0.464 0.031 4.60 2.80
RVD18-17 287.00 489.10 202.10 0.874 5.8 0.256 0.014 1.50 0.91
Including 310.47 435.60 125.13 1.240 7.0 0.310 0.010 1.93 1.17
Since 2016, Triumph Gold’s exploration has been focused on the six-kilometre-long intense multi-element soil and geophysical
anomaly that encompasses the Revenue and Nucleus deposit areas. Within the anomaly, the Blue Sky Zone covers a broad
area extending 2.3 kilometres east of Revenue to the eastern margin of the anomaly. It was drill tested in 2017 with significant
intersections made in RVD17-13 (57 metres of 1.08 g/t gold, 6.6 g/t silver, 0.285% copper and 0.01% molybdenum from
121.00m) and RVD17-01 (94.38 metres of 0.34 g/t gold, 3.9 g/t silver, 0.17% Cu and 0.02% molybdenum from 369.62m) (see
PR17-13, Nov. 2, 2017). The 2018 drill holes were designed as follow-up to the successful exploration conducted in 2017.
RVD18-05, RVD18-16, and RVD18-17 were drilled roughly perpendicular to RVD17-01 and RVD17-13 and together they
delineate high-grade, gold-rich mineralization over a 180 metre area that is open in all directions and to depth. It is contained
within an at least 3.6 kilometre long zone of porphyry mineralization that extends from the Happy Creek showing (290 metres
of 0.29 g/t AuEq in RVD17-09, see PR#17-13, dated Nov. 2, 2017) to the Keirsten Zone (100 metres of 0.31 g/t AuEq in KZ18-
01, see PR#18-07, dated July 21, 2018) (Figure 1 – inset), and includes RVD11-22 located 250 metres to the SW of the high
grade intersections in the Blue Sky Zone (238.10 metres of 0.31 g/t gold and 0.13% copper).
Figure 1 Highlights the location of the 2018 drill intersections in the context of the Revenue-Nucleus magmatic-hydrothermal
system.
https://www.triumphgoldcorp.com/wp-content/uploads/PR18-08-Revenue-Portrait.pdf
Figure 2 shows the intersections in cross section.
https://www.triumphgoldcorp.com/wp-content/uploads/PR18-08_Section.pdf
Photographs of core from the new intersections can be found on the Triumph Gold Corp. website:
https://www.triumphgoldcorp.com/wp-content/uploads/PR08-Rock-Shots.pdf
Geology of the Blue Sky Porphyry
Mineralization associated with the Blue Sky Porphyry is hosted in the Mid-Cretaceous Revenue granite and in late-syn-mineral
quartz-feldspar-porphyry dykes. It consists of chalcopyrite and molybdenite in quartz veins, hydrothermal breccia matrix, and
disseminated in hydrothermally altered granite and quartz-feldspar porphyry dykes. The most intense mineralization is
associated with strong potassic (K-feldspar grading outwards into biotite) alteration. A set of late quartz-carbonate veins are
concentrated within the main mineralized zone and contain variable amounts of chalcopyrite, molybdenite, galena, sphalerite,
bismuthinite, and visible gold. The porphyry is gold-rich throughout, but the late quartz-carbonate veins represent an important
second stage of gold enrichment.
Ongoing Exploration of the Blue Sky Zone
Triumph Gold has allocated significant resources to the Blue Sky Zone to continue exploration of the gold-rich porphyry
system.
1. An additional seven drill holes have been completed to test the extent and geometry of the Blue Sky Porphyry. The
results will be reported separately once they have been received and checked for quality.
2. Crews are currently upgrading the soil grid and conducting trenching within the Blue Sky Zone.
3. A deep penetrating induced polarization (IP) and infill ground magnetic surveys are being planned for the fall.
The compiled results from 2018 drilling, new soil grid, trenching and geophysics will allow Triumph Gold’s technical team to
plan a robust follow-up program of exploration to define a resource on the Blue Sky Zone in 2019.
President’s Comment
Paul Reynolds, Triumph Gold’s President and CEO comments, “Triumph's exploration team continues to have incredible
success drilling the Blue Sky Porphyry, which was discovered last season. With these new intersections we have begun to
delineate a high grade gold-rich core to the system, which is open in all directions and to depth. We will focus on extending
the mineralized envelope and defining a resource. We are also applying the same exploration strategies that led to discovery
of the Blue Sky Porphyry across the 200 square kilometre area of the Freegold Mountain Property. This is a truly exciting
period for the company.”
Table 2 - Location and Orientation of Drill Holes at the Blue Sky Zone, 2018
Drill Hole Easting** Northing** Azimuth Inclination Total Depth (m)
RVD18-05 383060 6913321 115 -65 524.26
RVD18-16 383369 6913312 295 -60 414.53
RVD18-17 383040 6913434 115 -48 536.75
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, are 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
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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
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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.