Trifecta Gold intersects 15 metres of 1.98 g/t gold at Rye Project, Yukon

Trifecta Gold Ltd. [TSXV: TG; OTCQB: TRRFF] released gold assay results from the first three holes of its six-hole inaugural drill program at the Rye Project. Rye is situated 14 km from the North Canol Road in the eastern portion of Yukon’s prolific Tombstone gold belt between two mid-Cretaceous granitic intrusions, the Itsi and Itsi East plutons. Trifecta Gold can earn 100% ownership of the Rye Project.

Inaugural drilling at Rye confirms a large and gold-bearing hydrothermal system, demonstrating strong discovery potential.

Drill hole RY-25-01 intersected 1.02 g/t gold over 37 metres, including 1.98 g/t gold over 15 metres. Drill hole RY-25-02 intersected 44.3 g/t gold over 0.58 metre.

Richard Drechsler, president and CEO, discusses results with fellow board member Kai Hoffmann on the Gold Newsletter Channel.

“The Trifecta team is very pleased to confirm the prospectivity of the Rye project,” stated Richard Drechsler, president and CEO. “With both widespread gold and discrete high-grade gold mineralization intersected surrounding the Itsi pluton. Results to date demonstrate that the large hydrothermal system we see on surface and in drill core is both gold-enriched and likely driven by the reduced Itsi pluton.”

Trifecta’s maiden drill program intersected varying densities of sheeted quartz plus/minus indicator element veining in all holes, with the most abundant veining reported in holes RY-25-01 and 06. Hole RY-25-01 drilled a 224 metres long zone (from surface) of hornfels-altered siliciclastic rocks hosting an abundance of sheeted veining encompassing two broad gold-rich intervals. The top interval returned a composite result of 1.98 g/t gold over 14.99 metres, from 94 metres downhole. Each of the 15 samples comprising this interval assayed over one g/t gold. A second interval further downhole returned 0.309 g/t gold over 10 metres.

Hole RY-25-02 was collared 360 metres southwest of RY-25-01, flanking the mapped extent of the Itsi pluton. While sheeted vein density was substantially lower than observed in the first hole, gold results from an intersection of quartz veining in this hole yielded 44.3 g/t gold over 0.58 metres, from 26.42 metres. The hole cut predominantly hornfelsed siliciclastics, along with several narrow intervals of intermediate dikes and irregular, patchy granodiorite.

Jack Morton, vice-president, added: “Surface samples regularly show a strong correlation between gold, bismuth and tellurium. The team is now focused on rigorous interrogation of geological and geochemical data with the belief that these initial intercepts represent the outer zones of a much larger system. The finalized assay results for the remaining holes, along with multielement analyses of the drill core samples, which will include these pathfinder elements are expected in the coming weeks.”

Extending more than 1,000 km from the Fairbanks district in Alaska eastward across the entire width of Yukon, the Tombstone gold belt hosts many large reduced intrusion-related gold system (RIRGS) mines such as Fort Knox in Alaska (greater than 10 million ounces), Eagle and Olive in Yukon (greater than 4 million ounces), and the past-producing Brewery Creek mine, also in Yukon. Since May 2020, over 17 million additional ounces of gold have been discovered in the Yukon portion of the belt, including Snowline Gold’s Tier 1 Valley discovery, Sitka Gold’s RC (reverse circulation) deposit, Banyan Gold’s AurMac deposits and Victoria Gold’s Raven deposit.

Trifecta is focused on discovery and development of 100%-held gold projects in Yukon and Nevada. Trifecta has an option to acquire a 100% interest in Mt. Hinton, Rye and nine other highly prospective, intrusion-related gold projects located in Yukon’s Tombstone gold belt where over 17 million ounces of gold have been discovered since May 2020.

Initial drilling at the company’s Yuge gold project, located in Northern Nevada, has identified multiple broad zones of gold mineralization near historical high-grade mines. The company’s Eureka project hosts an eight-by-2.5-km belt of surface showings and anomalous gold-in-soil that straddle the headwaters of two of the most productive placer creeks in Yukon’s southern Klondike Goldfields. Trifecta’s Treble project covers a large hydrothermal system, located midway between Western Copper and Gold Corp.’s Casino deposit, the largest copper and gold deposit in the Yukon, and the Rockhaven Resources Klaza deposit, a high-grade gold-silver deposit.