Triumph Gold Announces Completion of the 2020 Field Campaign at Freegold Mountain Project, Yukon

Nachrichtenquelle: globenewswire
17.09.2020, 23:30  |  589   |   |   

VANCOUVER, British Columbia, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Triumph Gold Corp (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to provide an update on the 2020 exploration season on their 100% owned, road-accessible Freegold Mountain Project in the prolific Dawson Range of Yukon, Canada. The Project is host to three NI 43-101 Mineral Deposits and covers an extensive section of the Big Creek Fault zone, a structure directly related to epithermal gold and silver mineralization as well as gold-rich porphyry copper mineralization.

Triumph Gold commenced their fully-funded exploration program at the Freegold Mountain Project on August 1st of this year (PR20-07) and has now completed the short but successful field-based portion of the program. The 2020 program was designed to test near-surface gold targets in both the Nucleus-Revenue and Mount Freegold areas. Field exploration proceeded as planned, although access to the Irene-Goldstar Corridor and Melissa Zone was limited due to unusually high rainfall throughout the season. This year’s exploration program produced nine diamond drill holes totaling 2068.52 metres, plus minor trenching and reconnaissance sampling. 

“The Triumph Gold exploration team conducted a productive and successful field program in 2020 despite the unprecedented challenges faced,” commented John Anderson, CEO and Chairman. “The program focused on greenfield, near-surface gold targets which coupled with a strong gold market should unlock additional value for our shareholders.” 

Jesse Halle, VP Exploration added, “The Freegold Mountain Project continues to show its exploration up-side with every drill hole and new surface exposure, even in the greenfield locations, displaying eye-opening alteration and mineralization. I’m looking forward to the assay results and to an expanded exploration program in 2021.”  

2020 exploration highlights include:

  • Drill testing an anomaly identified by the recent drill hole-constrained 3D magnetic inversion model at Keirsten Zone, intersecting well sulphidized and magnetic porphyry copper-gold alteration and mineralization (assays pending);

  • Drill testing an anomaly identified by the recent drill hole-constrained 3D magnetic inversion model at Revenue East, intersecting altered rocks containing visible gold, chalcopyrite, arsenopyrite, bismuthinite, molybdenite, and scheelite (assays pending);
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