Triumph Gold Reports Results from Diamond Drilling of the Nucleus Au-Ag-Cu Deposit, Freegold Mountain Property, Yukon
Triumph Gold Reports Results from Diamond Drilling of the Nucleus Au-Ag-Cu
Deposit, Freegold Mountain Property, Yukon
TSX.V: TIG
OTCMKTS: TIGCF
Frankfurt: 8N61
VANCOUVER, Jan. 18, 2018 /CNW/ - Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF)
(" Triumph Gold " or the " Company ") is pleased to announce the results from 4,685 me ters of diamond
drilling in sixteen holes targeting the Nucleus Au-Ag-Cu deposit area on the Freegold Mountain Propert y,
Yukon Territory. Highlights from the drill campaign include:
• Three high-grade gold intersections:
• 18.5 grams/tonne (g/t) Au over 1.5 metres in N17-02 (174.50 – 176.00m)
• 11.35 g/t Au and 7.3 g/t Ag over 1.44 metres in N17-07 (132.46 – 133.90m)
• 10.2 g/t Au over 1.1 metres in N17-12 (111.00 – 112.10m)
• Six infill drill holes tested underexplored portio ns of the Nucleus resource area where there are
significant gaps in the current resource block-mode l. Each intersected zones of gold mineralization
with grades that exceed the deposit average (0.544 g/t Au at a 0.3 g/t AuEq* cutoff), including:
• 21.9 meters of 1.545 g/t Au in N17-02 (173.1 – 195.00m)
• 42.14 meters of 0.799 g/t Au and 0.137% Cu in N17-03 (47.86 – 90.00m)
• 11.14 meters of 2.696 g/t Au in N17-07 (126.86 – 138.00m)
• 17.73 meters of 1.797 g/t Au in N17-12 (99.00 – 116.73m)
• 30.00 metres of 0.701 g/t Au also in N17-12 (212.00 – 242.00m)
• Five step-out drill holes that tested for extensio ns of Nucleus mineralization to the north, south and
east of the current resource area intersected zones of gold mineralization that exceed the 0.3 g/t
AuEq* cutoff grade of the deposit including:
• 12.00 metres of 1.005 g/t Au in N17-01 (165.00-177.00m)
• 29.20 metres of 0.485 g/t Au and 0.185% Cu in N17-06A (66.80 – 96.00m)
• N17-10, which tested a previously undrilled 1.0 X 0.7 kilometre chargeability anomaly that lies north
of the current Nucleus resource, bottomed in mineralization:
• 21.53 metres of 0.513 g/t Au (453.00 – 474.53m) including 9.53 metres of 1.089 g/t Au
(465.00 – 474.53m).
Figure 1
Drill hole locations and orientations are listed in Table 1 below and illustrated on Figure 1. Highlights of
the drill program noted above are in Table 2 along with a full list of significant results.
Table 1 Location and Orientation of 2017 Diamond Dr ill Holes Testing the Nucleus Area
Hole # Easting** Northing** Azimuth Inclination Depth (m)
N17-01 379462 6913291 000 -50 283.46
N17-02 379249 6913635 000 -50 260.60
N17-03 379250 6913786 000 -50 260.28
N17-04 379467 6913449 000 -50 260.60
N17-05 379254 6913463 000 -50 279.2
N17-06A 379600 6913583 000 -50 97.54
N17-06B 379600 6913583 000 -50 419.08
N17-07 379249 6913954 000 -46 259.08
N17-08 379251 6914125 000 -50 272.49
N17-09 379664 6913659 270 -50 260.6
N17-10 379181 6914374 000 -60 474.53
N17-11 379671 6913658 45 -50 269.75
N17-12 379253 6913284 000 -50 260.6
N17-13 379255 6913119 000 -50 275.84
N17-14 379488 6914351 000 -60 490.73
N17-15 379981 6914654 180 -50 260.6
Table 2 Significant Results from 2017 Drilling at Nucleus
Hole ID From To Interval*** Au Ag Cu
metres metres metres g/t g/t %
Infill Drilling
N17-02 46.12 57.91 11.79 1.086 0.1 0.016
N17 -02 173.10 195.00 21.90 1.545 1.0 0.099
Including 174.50 176.00 1.50 18.500 1.3 0.164
N17 -03 47.86 90.00 42.14 0.799 1.3 0.137
N17-03 155.65 169.00 13.35 0.731 1.3 0.079
N17-04 52.00 75.00 23.00 0.670 0.7 0.057
N17-05 188.00 206.30 18.30 0.820 0.8 0.080
N17 -07 126.86 138.00 11.14 2.696 2.7 0.077
Including 132.46 133.90 1.44 11.350 7.3 0.200
N17 -12 99.00 116.73 17.73 1.797 2.1 0.046
Including 111.00 112.10 1.10 10.200 0.7 0.030
N17 -12 212.00 242.00 30.00 0.701 1.0 0.059
Step Out / Extension Drilling
N17-01 24.38 39.00 14.62 0.969 1.7 0.046
N17 -01 165.00 177.00 12.00 1.005 0.6 0.045
N17-06A 42.00 51.00 9.00 0.781 6.5 0.323
N17 -06A 66.80 96.00 29.20 0.485 2.0 0.185
N17-06 B no significant assay results
N17-08 95.50 109.00 13.50 0.606 2.9 0.070
N17-09 38.00 59.50 21.50 0.159 1.9 0.208
N17-11 no significant assay results
N17-13 157.50 207.00 49.50 0.381 0.8 0.048
Drilling of Reconnaissance Exploration Targets
N17 -10 453.00 474.53 21.53 0.567 0.5 0.022
Including 465.00 474.53 9.53 1.089 0.4 0.017
N17-14 no significant assay results
N17-15 no significant assay results
The Nucleus Au-Ag-Cu deposit is the most advanced e xploration target on the Freegold Mountain
property. It consists of polyphase quartz-chalcopyrite-pyrite-arsenopyrite veins, infill breccia and semi- to
massive-sulfide lenses. It has a current indicated resource of 74,740,000 tonnes containing 1,310,000
ounces (ozs) Au, 2,180,000 ozs silver, and 105,340,000 lbs copper and an inferred resource of
63,790,000 tonnes containing 800,000 ozs gold, 3,15 0,000 ozs silver and 69,160,000 lbs copper both at a
0.30 g/t AuEq* cut-off grade (December 15, 2014).
The 2017 drill campaign at Nucleus included 4,685 m eters of diamond drilling in sixteen holes. There
were three components:
1. Six drill holes totalling 1,580 metres were dril led within the outline of the resources, but in
areas with the lowest historical drill density, to test the resource, as well as infill prominent
gaps in the block model; each of these drill holes intersected gold mineralization that
exceeds the average grade of the deposit, indicating an opportunity to both grow, and
improve the grade, of the resource with infill drilling.
2. Nine drill holes totalling 1,879 metres comprise d stepouts from the current resource,
designed to test for extensions of the mineralized structures to the north, south and east of
the current resource shell. Five of the seven holes intersected gold mineralization that
exceeds the cutoff grade of the current resource (0.3 g/t AuEq*). This affirms the potential
to grow the resource through stepout drilling.
3. Three drill holes totaling 1,226 metres tested s izable buried chargeability anomalies with
coincident Au-As in soil anomalies that lie north of the Nucleus deposit. The most significant
results are from drill hole N17-10 which bottomed in mineralization, with the lowermost
sample grading 2.09 g/t Au over 1.53 metres, within a 21.53 metre interval grading 0.567 g/t
Au (Table 1). Each of the three drill holes intersected strongly phyllic altered microgranite
with a high proportion of pyrite, arsenopyrite and pyrrhotite, disseminated and in stockwork
veins. The style of alteration, mineralization and veining suggests a genetic link to the
porphyry-related mineralization identified approxim ately 1 km to the east in the Keirsten
Zone and farther eastwards at Revenue and the Blue Sky zone (PR-17-13 dated Nov. 2,
2017), demonstrating the effect of the Revenue porphyry system over a strike-length of 4.36
km
Six Infill and extension drill holes partly distributed along three north-oriented fences (a western a nd
eastern fence) tested the under-explored southern portion of the Nucleus area. They defined continuit y of
four west striking and steeply south dipping gold-bearing structures over an up to 350 metre strike-le ngth
(Table 3). The structures are open to the west, to depth, and to the east. In each case these discrete
structures contain gold mineralization related to zones of faulting, alteration and quartz-feldspar-porphyry
dyke emplacement. The now well-defined structures lie south of the main Nucleus resource and most of
the noted intersections are either outside or within gaps in the current resource.
Table 3 List of Intersections*** that Define Continuity of Mineralized Structures on Nucleus South
<=== Farthest West Section Location Farthest East ===>
Structure West West Fence (2017) Central East Fence (2017) East
A
14.40m of 1.859 g/t Au
GRD12-178
227.15 - 241.55m
18.30m of 0.820 g/t Au
N17-05
188.00 - 206.30m
31.85m of 0.560 g/t Au
GRD09-149
205.62 - 237.47m
7.59m of 0.659 g/t Au
GRD09-136
62.94 - 70.53m
9.00m of 0.781 g/t Au
N17-06A
42.00-51.00m
B
39.51m of 1.079 g/t Au
GRD10-168
252.00 - 291.51m
30.00m of 0.701 g/t Au
N17-12
212.00 - 242.00m
12.84m of 0.805 g/t Au
GRD09-149
81.65 - 94.49m
23.00m of 0.670 g/t Au
N17-04
52.00 - 75.00m
Open
C
14.94m of 0.416 g/t Au
GRD10-168
122.00 - 136.94m
17.73m of 1.797 g/t Au
N17-12
99.00 - 116.73m
11.15m of 0.599 g/t Au
GRD09-154
229.85 - 241.00m
12.00m of 1.005 g/t Au
N17-01
165.00 - 177.00m
43.70m of 0.544 g/t Au
GRD09-152
6.00 - 49.70m
D
13.00m of 0.449 g/t Au
GRD12-179
2.00 - 15.00m
49.50m of 0.381 g/t Au
N17-13
157.50 - 207.00m
22.00m of 0.319 g/t Au
GRD09-154
78.30 - 100.30m
14.62m of 0.969 g/t Au
N17-01
24.38 - 39.00m
Open
President's Comment:
Paul Reynolds, Triumph Gold Corp.'s President and C EO, comments: "Drilling at Nucleus in 2017
established the potential for increasing the size and grade of the Nucleus resource through infill and step
out drilling. Every hole that was drilled within the resource shell intersected broad zones of gold
mineralization with grades that exceed the deposit average. In addition, six new drill holes in the
underexplored southern portion of the resource demo nstrated remarkable continuity of previously poorly
understood gold-bearing structures, which we now fe el confident and excited, to drill in broad step outs
beyond the current resource shell."
http://www.triumphgoldcorp.com/projects/freegold-mo untain/revenue-deposit/maps/
Notes:
* Gold Equivalent [AuEq] is used for illustrative purposes, to express the combined value of gold, silver
and copper as a percentage of gold. No allowances have been made for recovery losses that would
occur in a mining scenario. AuEq is calculated on the basis of US$2.90 per pound of copper, US$1,250
per troy ounce of gold and US$22.00 per troy ounce of silver. The values used reflect the commodity
prices at the effective date of the NI 43-101 resource (Dec 15, 2014).
** 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 meters length and were cut at Triumph's core logging facilit y
on the Freegold Mountain Property. 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 pul verized 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 we re 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 adm inistered by Triumph Gold: at minimum one in ten
samples submitted by Triumph Gold was a blank or ce rtified 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. Where contamination or analytical error were
suspected the original data were discarded and superseded by the results of the reanalyses.
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 qualifi ed person as defined by National Instrument 43-101.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented Canadian-ba sed precious metals exploration and development
company. Triumph Gold Corp. is focused on creating value through the advancement of the district scal e
Freegold Mountain project in Yukon. For maps and m ore 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 informat ion, 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 Com pany'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 intentio n
or obligation, except to the extent required by law, to update or revise any forward-looking statement s,
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) 218-7400,
[email protected]; Nancy Massicotte, IR Pro Communications Inc., (604) 507-3377,
CO: Triumph Gold Corp.
CNW 08:00e 18-JAN-18