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Triumph Gold Commences a Landmark Drill Program on the Freegold Mountain Property, Yukon. Testing Beneath the Gold Rich Blue Sky Porphyry and WAu Breccia

Triumph Gold Commences a Landmark Drill Program on the Freegold Mountain Property, Yukon. Testing Beneath the Gold Rich Blue Sky Porphyry and WAu Breccia


Vancouver, British Columbia: June 18, 2019. Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) ("Triumph Gold" or the "Company") is pleased to announce that a powerful drill capable of reaching depths of 2,000 metres has been mobilized onto the company's 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Phase I drilling will comprise a minimum of 5,000 metres in five holes that target high grade, gold rich, copper gold porphyry style mineralization intersected during the 2018 drill program.

Highlights of the program include:

  • Testing the down dip extension of high grade, gold rich, porphyry style mineralization in the Blue Sky Zone to a depth of approximately 1,600 metres.
  • Testing the down dip extension of high grade, gold rich, breccia style mineralization and surrounding porphyry mineralization at the WAu Breccia to a depth of approximately 1,000 metres.
  • Testing a 2.8 kilometre long, intense chargeability anomaly (Big Red), which underlies the core of a six kilometre long multi-element soil anomaly that delineates a porphyry related hydrothermal system and encompasses the Nucleus, Revenue, Blue Sky and related zones. A 1,000 metre deep drill hole collared approximately two kilometres west of the Blue Sky Zone is planned to test this anomaly.
The target of Phase I drilling is a buried copper gold porphyry that has not been previously tested by drilling. Interpretation of integrated geophysical data from induced polarization (IP), magnetotelluric (MT) and magnetic surveys suggests that a deep porphyry target, over 400 metres below the Revenue and Nucleus gold and copper deposits, cores a six kilometre long coincident geophysical and multi-element soil anomaly. Geology and isotopic age dating indicate that a Late Cretaceous, gold rich, porphyry related mineralizing event generated the near surface Nucleus, Blue Sky, WAu Breccia, Keirsten, Revenue West, Granger and Guder zones. However, since only relatively small porphyry dykes of that age are associated with these zones, a larger causative porphyry intrusion may be buried beneath the current depth of drilling along the six kilometre long mineralized area. In most porphyry deposits the highest grade, most voluminous and continuous mineralization is contained near the interface between the causative intrusion and surrounding rock; that is the area being targeted by the Phase I drill campaign.
Drilling will be focused in three areas: The Blue Sky Zone, the WAu Breccia, and Revenue West. The Blue Sky Zone and WAu Breccia represent areas where high grade mineralization is hosted in broken and altered Middle Cretaceous granite. Triumph's geologists believe that these mineralized zones, which have regular and predictable geometry, are the best vectors into the causative intrusion that lies beneath. Drilling at Revenue West will test a 500 metre deep chargeability anomaly that coincides with the proposed location of the mineralized zone at the interface with the causative intrusion.
Combined, the three target areas test across an approximately two kilometre strike length, and beneath mineralization that generated high grade, gold and copper intersections, including the Blue Sky Porphyry, which produced some of the highest grade greenfield exploration, porphyry related intersections globally in 2018.
Abbreviated highlights of historical results from the Blue Sky Porphyry, and WAu Breccia are listed in Table 1. Full results are documented in PR18-07 dated July 31, 2018 and PR18-09 dated September 12, 2018. For more detailed information about the six kilometre long target area, the Blue Sky Porphyry, WAu Breccia and Big Red, see Triumph Gold's Corporate Presentation.
Table 1.Abbreviated Highlights of Historical Drilling at Blue Sky Porphyry and WAu Breccia;
Drill hole
Length (metre)
Gold (g/t)
Silver (g/t)
Copper (%)
Mo (%)
Blue Sky Porphyry
RVD18-19
316.00
1.10
5.0
0.270
0.020
Including
79.75
2.48
6.9
0.378
0.017
RVD18-17
125.13
1.24
7.0
0.310
0.010
RVD18-16
94.50
1.53
5.8
0.279
0.013
WAu Breccia
RVD11-19
76.34
1.40
9.2
0.210
0.032
RVD11-28
41.95
0.86
10.3
0.360
0.120
RVD17-12
40.00
1.18
8.3
0.240
0.130
RVD18-11
43.02
0.81
6.0
0.329
0.009
g/t = gram/tonne
Triumph Gold's Executive Chairman John Anderson comments,
With the technical data to back up this amazing exploration story, Triumph is swinging for the fences this year. The upside for our investors is the possible discovery of a previously untested buried copper gold porphyry system that by all indications could be world class in size and grade

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
For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com
 
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 does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Statement Regarding Forward-Looking Information

 
Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the offering, the use of proceeds of the offering and any statements regarding the Company's business plans, expectations and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company's profile and on the Company's website, www.triumphgoldcorp.com. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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