Triumph Gold discovers two new Yukon gold showings

Triumph Gold Corp. [TIG-TSXV; TIGCF-OTC] reported on October 16 that the 2018 exploration season on its 100%-owned, road accessible, Freegold Mountain property 70 km northwest of Carmacks, Yukon, which began in late March, is now complete. In addition to making numerous long, high-grade and gold-rich drill intersections during the 2018 season, two new, at surface, mineral showings were discovered, the Drone Zone showing, and the Maximus II showing.

Two new gold-copper, zinc-lead showings have been discovered on the Freegold Mountain property. Both showings were discovered as a result of local placer mining operations where surficial deposits of gravel were removed exposing previously buried mineralized bedrock.

The Drone Zone is exposed over an approximately 100 by 25-metre area in Mechanic Creek, 500 metres east of high-grade drill intercepts in the Nucleus gold deposit, and 500 metres west of drill holes that intersected the Keirsten Zone porphyry system.

The zone is open in all directions and has never been drilled or previously explored. The mineralized body covers the entire area of exposure, and consists of granite hosting large xenoliths of biotite schist, and cross-cut by irregular quartz-feldspar-porphyry bodies and thick gouge-rich faults. Mineralization comprises disseminated sulfides and quartz-sulfide veins with pyrite, chalcopyrite, and lesser arsenopyrite and bismuthinite. In one location a sample from locally sourced rock debris contained abundant visible gold. The proportion of chalcopyrite to pyrite increases with proximity to the quartz feldspar porphyry dykes and to the faults. The zone was systematically chip sampled and grab samples were collected from select locations, assays are in progress.

The Maximus II Showing was discovered in a newly exposed placer mining cut in Happy Creek, located approximately 1 km northeast of drilling that intersected high-grade, gold-rich mineralization at the Blue Sky Porphyry. The Maximus II showing consists of multiple thick (up to 1 metre estimated true width) domains of dense veining and vein breccias with polymetallic mineralization that are exposed discontinuously over 70 metres strike length and are open in all directions.

Thick zones of carbonate-quartz-sulfide altered metamorphic wallrock surround the veins and breccias. Sulfides consist of pyrite and arsenopyrite with lesser sphalerite, galena and chalcopyrite. Where exposed, the Maximums II was systematically channel and chip sampled and grab samples were collected from select locations, assays are in progress.

The exploration season on the Freegold Mountain Property began on March 21 and was completed October 3. Work included:

• 17,566 metres of diamond drilling, in 74 drill holes, testing six areas: Revenue East, Blue Sky Zone, Nucleus, Granger, Guder, and Irene;
• 1,100 metres of trenching that tested four areas: Blue Sky Zone, Guder, Granger and Cabin;
• Soil sampling over a 4.3 km² area (925 samples);
• An IP-DC-MT geophysical survey over the entire Nucleus-Revenue-Blue-Sky soil anomaly (≈30 line-km);
• A ground magnetic survey over Revenue East and the Blue Sky zone (≈50 line-km);
• Extensive prospecting in the Nucleus-Revenue-Blue-Sky area, leading to the discoveries of the Drone Zone and Maximus II showings.

During the year to date, Triumph’s exploration program has:

• Delineated a zone of high-grade, gold-rich porphyry mineralization in the Blue Sky Zone with six drill holes (e.g. RVD18-19 with 316.00 metres of 1.79 g/t gold equivalent (AuEq) including 79.75 metres of 3.34 g/t AuEq);
• Intersected gold-rich breccia mineralization in the WAu Breccia with five drill holes, defining high-grade mineralization over a 130-metre strike length and to a depth of 200 metres (e.g. RVD18-08 with 128.00 metres of 1.27 g/t AuEq and RVD18-28 with 43.02 metres of 1.50 g/t AuEq);
• Defined mineralization on the little-tested eastern side of the Revenue Diatreme (e.g. RVD18-02 with 44 metres of 1.08 g/t AuEq).