November 24, 2021 05:00 ET | Source: Kaixuan Gold Company. Triumph Gold Company.
Vancouver, British Columbia, November 24, 2021 (GLOBE NEWSWIRE) - Triumph Gold Company (TSX-V: TIG | OTCMKTS: TIGCF | Frankfurt: 8N61) ("Triumph Gold" or "Company") is pleased to announce from The results of 2,154 meters ("m") of diamond drilling in four holes in the WAu area of the Freegold Mountain project income (Figure 1), highlighting the 80.5 meters of 1.96 grams per ton ("g/t") of gold RVD21-03 Equivalent 1 ("AuEq") (Table 1).
The WAu area is defined by 18 drill holes: 4 new holes from the 2021 plan (Tables 1 and 2) and 14 historical holes (Table 3). The WAu zone is a steep south-dipping structural control body, located in the Au-Cu-Ag-Mo-W superhydrothermal mineralization in the income deposit. The income deposit is composed of WAu zone, Blue Sky zone and Cu-Mo-Au porphyry mineralization zone.
The strike length of the WAu zone has been extended by 70 meters and is now 75 meters away from the blue sky zone (Figure 2). The current simulated strike length of the WAu area is 250 meters, the average width is 50 meters, and the depth extends to 525 meters below the surface. All four holes intercepted porphyry-type and hyperthermal mineralization, and the interval between each hole was greater than 1 g/ton of gold.
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1 For synthesis technology and AuEq calculations, please refer to the reference and disclosure section below.
Table 2. Summary of drilling holes in 2021 (coordinates are in UTM NAD83 area 9N)
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"We are excited about the drilling analysis in 2021 so far. It supports the reinterpretation of the current resources and geology in the WAu area and the income deposits. We are eagerly waiting for the remaining drilling analysis in 2021 to test income deposits, nuclear deposits, The upper part of the blue sky area within the Daxinan fault zone and orbital zone," said Brian May, president of Triumph Gold Company
Table 3. Reinterpretation of the historical WAu area intercept
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2 For the interpretation method and AuEq calculation, please refer to the reference and disclosure section below.
RVD21-03 intercepted the WAu area and returned 1.96 g/ton AuEq at 80.50 meters from 370 meters (Figure 2). The intercept is located 35 meters east of RVD19-02, its intercept is 400.48 meters, and its grade is 1.21 g/ton AuEq3 (PR#19-16). RVD21-04 walked 50 meters east from RVD21-03 and intercepted the WAu area 130 meters above RVD21-03.
The updated expression of the WAu area is now modeled as 75 meters from the blue sky area, which indicates that there may be a connection between the two areas in the NE direction (Figure 2).
The WAu belt structure extends eastward and slopes sharply to the south. This structure carries the textures of milled, jigsaw and cracked breccia, as well as local reticulated textures. The hyperthermal mineralization is hosted by quartz-carbonate (calcite, iron dolomite, dolomite) hydrothermal filling, which contains polymetallic sulfide mineralization (pyrite, pyrrhotite, chalcopyrite, molybdenite) Ore, arsenopyrite, scheelite, sphalerite, galena and bismuth ore) and related fine-grained natural gold (Figure 3)).
Intense silica/- biotite alteration is related to mineralization and is subsequently covered by alteration of argillaceous (kaolinite), SCC (sericite clay chlorite) and shale (sericite/-pyrite) , These alterations were confirmed in the previous borehole spectrum data (PR#21-05).
The porphyry mineralization is composed of sulfide/-quartz veins and local network veins. There are extensive disseminated sulfide mineralization zones and local fine-grained natural gold around the vein clusters (Figures 4, 5, and 6).
Sulfide mineralization (chalcopyrite/- molybdenite/- pyrite/- pyrrhotite and local bismuth ore) is related to silica/- biotite/- argillaceous alteration.
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Figure 1. Freegold Mountain project's 2021 drilling area.
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Figure 2. The plan view and long section view of the WAu area and the blue sky area in the Au pit shell of the income deposit (PR#20-02) estimated at 1,500 USD per ounce ("oz") of mineral resources in 2020. Table 1 lists the important interceptions in the four boreholes of this version, and is depicted in red (WAu area) and cyan bars (porphyry mineralization). The historical WAu area intercepts are represented by yellow bars and are listed in Table 3. The wireframe is generated using Micromine's implicit modeling tool.
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Figure 3. WAu zone, the mineralization of crude chalcopyrite and scheelite from RVD21-03 at 411.50 meters. The 1.5-meter sampling interval from 411 meters returned 0.63 g/ton gold, 3.70 g/ton silver, 0.18% copper, 0.012% molybdenum, and 0.005% W.
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Figure 4. Chalcopyrite, pyrite, and molybdenite porphyry mineralization, located in the quartz-carbonate vein of RVD21-01. This 1.08-meter sample from 80.11 meters returned 0.12 g/ton gold, 7.80 g/ton silver, 0.33% copper, 0.020% molybdenum, and 0.001% W.
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Figure 5. Chalcopyrite, pyrite, and molybdenite porphyry veinlet mineralization, located in strongly silicified granodiorite RVD21-01. This 1.90-meter sample from 78.21 meters returned 0.30 g/ton gold, 4.80 g/ton silver, 0.25% copper, 0.016% molybdenum, and 0.001% W.
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Figure 6. Visible gold (VG) of RVD21-03 at 121.20 meters returns 3.77g/t Au at 0.6m. The mineralization is located in quartz bismuth (Bis) veins in the SCC altered granodiorite.
Table 4. Important intercepts for 2021 (the highlighted intercepts are reported in Table 1)
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1 Gold Equivalent [AuEq] is used for illustration purposes and expresses the total value of gold, silver, copper, molybdenum, and tungsten as a percentage of gold. There is no preparation for possible recovery losses in mining scenarios. AuEq uses $1750.00 per troy ounce of gold, $24.00 per troy ounce of silver, $4.00 per pound of copper, $15.00 per pound of molybdenum, and $13.00 per pound of tungsten.
AuEq = Au g/t (Ag g/t X $24.00 / $1750.00) (Cu% X $4.00 X 22.0462) / ($1750.00 / 31.10) (Mo% X $15.00 X 22.0462) / ($1750.00) / ($1750)% X $13.0 X 22.0462) / ($1750.00 X 31.10)
The reported analysis interval is calculated using Micromine's grade compound tool. The AuEq cut-off value is greater than 0.25g/t, subject to the limitation of serial dilution less than 6 meters. Use >1.0g/t AuEq cut-off value to report high-grade intervals without dilution.
The reported analysis is an uncut weighted average, representing the length of the core drilled. The true width of the reported mineralization is unknown.
2 Completed the reinterpretation of WAu area by reviewing historical drilling along the trend. Checked whether the geological data (core logging, laboratory tests, and core photos) have structural and geochemical characteristics that match those of the Wau zone. The AuEq value uses the current metal price report history and the newly determined intercept.
3 The AuEq reported in PR19-06 uses US$1,510 per troy ounce of gold, US$17.00 per troy ounce of silver, US$2.5 per pound of copper, and US$12.7 per pound of molybdenum to calculate AuEq = ($1510.00 X Au [g/t] / 31.10 $17.00 X Ag [g/t] / 31.10 $2.50 X Cu [%] /100 X 2204.63 $12.70 X Mo [%] / 100 X 2204.63) / $1510.00 X 31.10).
The diamond drilling of the Freegold Mountain project uses HTW and NTW core sizes (diameters of 70.92 mm and 56.00 mm, respectively). The average length of the core samples is 1.63 meters, the minimum length is 0.50 meters, and the maximum length is 2.80 meters. Cut the core along the long axis of the core over the entire length of the borehole. The sample interval is defined by mineralization, lithology, structure, and alteration boundaries.
The sample preparation was done at ALS Whitehorse, and the sample pulp was shipped to ALS Vancouver for analysis. The sample is dried and pulverized to less than 70% of 2 mm, and divided and pulverized to more than 85% using a 250 g slit, passing 75 microns (PREP-31).
Using fire analysis techniques and atomic absorption spectrometry to analyze gold in 50 grams of samples from pulp, the detection limit is 0.005-10 parts per million ("ppm") (Au-AA24). Reanalyze gold exceeding the limit by using the gravimetric method with a detection limit of 10,000 ppm (Au-GRA22). Using multi-element geochemistry (ME-ICP-61) to analyze 0.25 g samples from pulp, using 4-acid near total digestion and inductively coupled plasma atomic emission spectroscopy (ICP-AES), providing 33 element outputs (Ag, Al) , As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th , Ti, Tl, U, V, W, Zn).
Sample quality assurance/quality control ("QAQC") measures include unlabeled certified reference materials (CRM), rock blanks, and inserting field copies into the sample sequence, and account for 5% of the samples submitted to the laboratory to discover the original The vulnerabilities reported in the report are released. According to the 43-101 standard, additional QAQC inspections are underway.
The technical content of this press release has been reviewed and approved by Brian May, P.Geo., the president of the company and a qualified person as defined by the National Instruments 43-101-Mineral Project Disclosure Standard.
Triumph Gold Corp. is a growth-oriented exploration and development company headquartered in Canada, with regional-scale land parcels in the Yukon region suitable for mining. The company's 100% owned, road-accessible flagship Freegold Mountain project is located in the Dawson Range Au-Cu belt and has three NI 43-101 deposits (Nucleus, Revenue and Tinta Hill). The project covers an area of 200 square kilometers and covers a large-scale fault in the Daxi fault zone. The structure is directly related to the superficial hydrothermal gold-silver mineralization and the gold-rich porphyry copper mineralization.
Under the leadership of an experienced management and technical team, Triumph Gold focuses on the use of multidisciplinary exploration and evaluation techniques to actively promote the Freegold Mountain project.
The company owns 100% of the Big Creek and Tad/Toro copper-gold mines along the Freegold Mountain project in the Dawson Mountains.
The company also owns 100% of the Andalusite Peak copper-gold mine located 36 kilometers southeast of Dease Lake in the Stikine Range, British Columbia.
For more information, please visit triumphgoldcorp.com.
Representative board
For more information about Triumph Gold, please contact:
John Anderson, Executive Chairman of Triumph Gold Corporation (604) 218-7400 janderson@triumphgoldcorp.com
Nancy Massicotte IR Pro Communications Inc. (604) 507-3377 nancy@irprocommunications.com
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This press 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 expectations. The documents submitted by the company from time to time disclose important factors that may cause actual results to differ materially from the company's expectations-including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities on SEDAR (see www.sedar .com). Readers are reminded not to rely too much on these forward-looking statements, which are only published on the date of this press release. Except as required by law, the company assumes no intention or obligation to update or revise any forward-looking statements, whether due to new information, future events or other reasons.