Triumph Gold Samples 450 grams per tonne Gold in the Newly Discovered Drone Zone and Announces Results from Surface Sampling in the 6 -km-long Revenue- Nucleus Soil Anomaly
Triumph Gold Samples 450 grams per tonne Gold in the Newly Discovered Drone
Zone and Announces Results from Surface Sampling in the 6 -km-long Revenue-
Nucleus Soil Anomaly
VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) -- Triumph
Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”)
is pleased to announce the results from the 2018 surface sampling program
conducted at the Drone, Granger and Blue Sky zones, within the 6 -kilometre-long
multi-element soil anomaly that encompasses the Revenue and Nucleus deposit
areas on Triumph Gold’s 100% owned, road accessible, Freegold Mountain Property,
in the Yukon Territory, Canada.
Highlights of results include:
At the newly discovered Drone Zone grab and chip samples within a 100 X 25
metre area of exposed altered and mineralized bedrock and regolith contain
local bonanza grade gold (Au) concentrations up to 450 grams per tonne (g/t)*
and consistently anomalous to high grade copper (Cu) up to 2.09%.
Within the Blue Sky Zone 13 new grab samples* have an average grade of
4.5 g/t Au, ranging up to 16.8 g/t Au. The Blue Sky zone was identified in 2016
as prospective for gold-rich porphyry mineralization and in 2017-2018 the high
grade, gold rich Blue Sky Porphyry was discovered (e.g. RVD18 -19 with 316
metres @ 1.10 g/t Au, 0.27% Cu). The 2018 grab samples were collected 400-
800 metres southeast of the Blue Sky Porphyry discovery area identifying the surface expression of a new and previously untested
mineralized zone.
At the Granger Zone oxide-gold target, samples from two new trenches define gold mineralization in highly oxidized rock at surface
and demonstrate continuity of mineralization between surface and intersections made in 2018 drill holes that tested beneath the
trenches. Results from trenches include:
» In TR18-04, 0.70 g/t Au over 18.5 metres** including 3.26 g/t Au over 1 metre ** on the southern end of the trench, leaving
the highest grade portion of the mineralized body open to the south.
» In TR18-03, 1.04 g/t Au over 3.5 metres** and 0.89 g/t Au over 4 metres**.
The 2018 surface sampling program in the Revenue-Nucleus area was designed to explore for, test and validate near-surface targets within
a six-kilometre-long multi-element soil anomaly that encompasses the Revenue and Nucleus deposits (Figure 1). Triumph Gold geologists
believe that the entire soil anomaly is underlain by rocks affected by a gold -rich hydrothermal system related to a large buried porphyry
intrusion that has yet to be tested by drilling. The surface sampling program tested three main areas with a total of 164 linear chip or
channel samples collected from exposed bedrock or in excavated trenches, and 35 grab samples of bedrock, regolith or locally sourced
float.
Figure 1
Drone Zone
The Drone Zone was discovered in 2018 as a result of local placer mining operations that exposed a roughly 100 X 25 metre area of altered
and mineralized outcrop at the bottom of the Mechanic Creek valley (news release PR#18-11 dated October 16, 2018). This new zone is
located 500 metres east of high-grade drill intercepts in the Nucleus gold deposit, and 500 metres west of drill holes that intersected the
Keirsten Zone porphyry. Mineralization encompasses the entire area of exposure, which consists of granite hosting large xenoliths of biotite
schist, and cross -cut by irregular quartz -feldspar-porphyry dykes and thick gouge -rich faults. Mineralization comprises disseminated
sulfides and quartz-sulfide veins with pyrite, chalcopyrite, and lesser arsenopyrite, bismuthinite and visible gold.
The Drone Zone was tested wit h 49 chip samples and 21 grab samples*. Sample F00032970 which assayed 450 g/t Au and 19 g/t Ag
contained abundant visible gold and was collected from locally sourced rock debris at the eastern side of the placer mining cut where the
zone appears to extend beneath overburden. Mineralization with anomalous to bonanza grade gold and copper concentrations is consistent
though the Drone Zone; assay highlights are reported in Table 1. The zone is open in all directions and has never been drilled or previously
explored.
Table 1: Significant Grab and Chip Samples from the Drone Zone 2018
Figure 1
Blue Sky Drone Zone Granger Zone
Drone Zone Grab Samples*
Sample ID Northing*** Easting*** Au g/t Ag g/t Cu %
F00032970 6913542 380057 450.41 19 0.023
F00032968 6913543 380057 3.67 <2 0.033
F00032952 6913529 380032 1.77 25 2.090
F00032967. 6913525 380032 0.35 2 0.552
F00032956 6913526 380046 0.26 3 0.182
Drone Zone Chip Samples
Sample ID Trench ID Sample Length** Au g/t Ag g/t Cu %
Blue Sky Zone
The Blue Sky Zone covers the eastern side of the six-kilometre-long Revenue-Nucleus soil anomaly. Drill testing for porphyry mineralization
in 2017 and 2018 confirmed high-grade gold-rich mineralization within the Blue Sky Zone on the western slope of Bowlidden Ridge (e.g.
RVD18-19 with 316 metres @ 1.10 g/t Au, 0.27% Cu; see news release PR#18 -09 dated Sept. 12, 2018). Surface sampling in 2018
focused on the eastern slope of Bowlidden Ridge approximately 400-800 metres from the Blue Sky Porphyry discovery area (Figure 1).
The 2018 surface sampling program included 86 chip and channel samples from three trenches and thirteen grab samples collected
mainly from disturbed bedrock along new access roads. Of the thirteen grab samples, eight contained greater than 2.0 g/t Au, to a high of
16.8 g/t Au (Table 2)*. Trenches returned anomalous gold concentrations (Table 2), including 1.46 g/t Au over 1 metre** in BST18-01 and
0.31 g/t Au over 8 metres** in BST18-02, which is contained within a 52.50 metre** section of 0.15 g/t Au (the full length of the trench). Most
mineralized samples comprise phyllic altered granite with quartz veins that contain trace bismuthinite ± molybdenite ± chalcopyrite ±
arsenopyrite. These new samples, as well as two grab samples* of quartz veins collected from the area in 2017 that graded 3.76 and 5.77
g/t Au, define an approximately 400-metre-long corridor of mineralization that is open in all directions and is untested by drilling. A single
2017 drill hole tested the southern side of Bowlidden Ridge (RVD17 -09). It was collared on the far southern edge of the newly defined
mineralized zone and was oriented southwards, away from the new surface samples. Results from that hole include ten intersections that
graded over 1.0 g/t Au, within a 269 metre interval of highly anomalous gold (0.24 g/t Au; see news release PR#17-13, dated November 2,
2017).
Table 2: Significant Grab and Chip/Channel Samples from the Blue Sky Zone 2018
Granger Zone
The Granger Zone is a shallow oxide gold exploration target that is located between the Revenue and Nucleus deposits near the center of
the Revenue-Nucleus soil anomaly. Historical exploration in this zone included trenching, rock sampling, with grab samples up to 45.5 g/t
Au*, and percussion, reverse circulation and limited diamond drilling. Historical drilling made 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 near-surface mineralization in every hole, delineating a mineralized corridor over 200 metres strike-length and to a depth of
at least 74 metres (News Release PR#18-12, dated October 24, 2018). 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)
Twenty-nine chip and channel samples covering 46.80 meters in two newly (2018) excavated trenches tested strongly oxidized rock in the
center of the mineralized corridor. Samples form the trenches contain a similar tenor of gold mineralization as that intersected at depth by
drilling, indicating continuity from surface to a depth of approximately 45 metres. Trench results include 1.04 g/t over 3.5 metres** in TR18-
03, and 0.70 g/t Au over and 18.5 metres** including 1.72 g/t Au over 3.5 metres** in TR18 -04 (Table 3). The southern edge of trench
TR18-04 has some of the highest grade mineralization (e.g. 3.26 g/t Au over 1 metre**) demonstrating that the zone is open and highly
prospective to the south.
Table 3: Chip and Channel Samples from the Granger Zone 2018
F00032915 DZT-2 2.0 1.20 <2 0.077
F00032916 DZT-2 2.0 0.58 <2 0.054
F00032921 DZT-2 2.0 4.82 <2 0.017
F00032936 DZT-3 2.0 0.56 <2 0.105
Blue Sky Zone Grab Samples*
Sample ID Northing*** Easting*** Au g/t Ag g/t Cu % Mo %
C00029002 6913001 383748 16.79 <2 0.009 0.002
C00029001 6912991 383728 11.9 4 0.047 0.002
C00030446 6913004 383714 9.49 5 0.018 0.003
C00029036 6913005 383715 6.96 <2 0.013 0.003
C00030442 6912754 383895 4.51 3 0.011 0.116
C00030443 6912754 383895 3.38 <2 0.004 0.142
C00048133 6912999 383717 2.46 <2 0.020 0.001
C00030444 6912754 383845 2.09 4 0.003 0.017
C00048132 6913012 383703 0.44 <2 0.006 0.000
Blue Sky Zone Chip and Channel Samples
Trench ID From-To (m) Sample Length (m)** Au g/t Ag g/t Cu % Mo %
BST18-02 0.00 - 52.50 52.50 0.15 <2 0.012 <0.001
Including 30.00 - 38.00 8.00 0.31 <2 0.027 <0.001
BST18-01 9.00 - 10.00 1.00 1.46 <2 0.022 0.002
Granger Zone Trench Samples
Tony Barresi, Vice President of Exploration for Triumph Gold Corp. comments “As we advance exploration in underexplored portions of the
6-kilometre-long soil anomaly that surrounds the Revenue and Nucleus deposit areas, we are continually impressed by the world -class
scale of the of the underlying gold-rich hydrothermal system. Each of the surface exploration target areas yielded exciting results. Newly
discovered mineralization at the Drone Zone and in the Blue Sky Zone reinforce our belief that Revenue and Nucleus are only small parts of
a much larger mineralized body. Both of the new showings represent high quality drill ready targets with potential for high grade gold
intersections. In addition, new trenches in the Granger Zone demonstrate continuity of oxide gold mineralization between surface and
underlying drill intersections, building a case for a near-surface heap leachable oxide gold resource.”
Notes:
* Grab samples are selective in nature, and the reported mineralization and assay results may not be representative.
** Length/interval refer to sample length. True widths have not been determined.
*** Coordinates are given in North American Datum 83 (NAD83), Zone 8.
Methods
Linear chip and channel samples ranged between 0.25 and 2 metres in length. Chip samples were collected with a rock hammer and
channel samples were cut from outcrop with a portable diamond saw. 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 a 30g nominal sample and gravimetric
analysis (method GO FAG303). An additional 35 elements were tested by ICP -AES using a four -acid digestion (method GE ICP40B).
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.
Qualified Person
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.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/cc81e95b-ab4f-4ac6-
85eb-c69d16c4c868
Trench ID From-To (m) Sample Length (m) ** Au g/t
TR18-03 1.00 - 5.00 4.00 0.89
TR18-03 10.00 - 13.50 3.50 1.04
TR18-04 1.50 - 20.00 18.50 0.70
Including 16.50 - 20.00 3.50 1.72
Including 19.00 - 20.00 1.00 3.26
For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377