Trifecta Gold Announces Plans for Eureka and Treble, Yukon

VANCOUVER, BC / ACCESSWIRE / June 7, 2023 / Trifecta Gold Ltd. (TSX-V:TG) ("Trifecta" or the "Company") is pleased to announce 2023 plans for two of its 100% owned gold projects located in the Dawson Range Gold Belt of west central Yukon. The Company was awarded Yukon Mineral Exploration Program (YMEP) grants for Target Evaluation at both the Eureka and Treble projects. Under the YMEP the Yukon Government provides successful applicants funding to support mineral exploration activities for 50% of eligible expenditures to a maximum of $50,000.

Eureka Gold Project

Eureka is located 65 km south of Dawson City, Yukon. The project is road accessible via Newmont Mining's proposed Northern Access Route to its Coffee Deposit. Eureka straddles the headwaters of two of the most prolific placer creeks in the southern Klondike, Eureka Creek and Black Hills Creek. Reported gold production from 1978-2022 for Eureka Creek is 109,760 ounces while reported production from Black Hills Creek over the same time period is 117,211 ounces¹.

Foto: Accesswire

Despite being the source of substantial placer gold, hard rock exploration at Eureka has only been conducted intermittently since 1988. Work to date has resulted in the discovery of multiple showings: Wealth, Childs, Allen, Happy and Ball, summarized below. Grid soil sampling across parts of the Eureka property has outlined extensive gold-in-soil geochemical anomalies which are similar in size and intensity to anomalies at nearby gold deposits. Can-dig trenching and hand pitting results from Trifecta's 2021 program demonstrated that gold grades in bedrock are often much higher than the overlying soil. Trifecta has contracted a larger excavator to support the 2023 trenching and mapping program with the goal of clearly defining drill targets.

Wealth Showing

Located in the center of the Property, bulldozer trenches across the Wealth Showing exposed quartz breccias with gougy alteration halos. Highlight trench results include: 0.54 g/t gold across 20 m, 0.97 g/t gold over 17.9 m, and 0.75 g/t gold across 10 m. RC drilling within this showing returned encouraging results including: 0.59 g/t gold across 18.3 m and 2.34 g/t gold over 3.05 m.

Childs Showing

Located 2.5 km south of the Wealth Showing, gold-bearing breccia zones exposed in bulldozer trenches returned 0.72 g/t gold over a true thickness of 4 m and 0.48 g/t gold across a true width of 5.5 m. RC drilling at this showing returned 6.62 g/t gold over 1.52 m and 1.19 g/t gold over 1.52 m.