TSX.V: TIG
PR # 17-11 OTCMKTS: NFRGF
Frankfurt: 8N61
VANCOUVER, Sept. 14, 2017 /CNW/ - Triumph Gold
Corp., (TSX-V: TIG) (OTCMKTS: NFRGF) ("Triumph
Gold" or the "Company") announces the completion of its
2017 field season. The 2017 exploration campaign began in
late May and focused on the Company's 100% owned, road accessible,
Freegold Mountain property, located approximately 80 kilometres
northwest of Carmacks, Yukon
Territory, Canada. Work on the property included
thirty-five diamond drill holes totaling 12,904 metres in the
Revenue and Nucleus areas, over 600 metres of trenching and
collection of 993 soil samples at Tinta Hill, and reconnaissance
work on a dozen other showings and prospects. In addition to
work conducted by Triumph Gold, geological mapping of the property
and surrounding area was supported by the Yukon Geological Survey
and conducted by researchers at the Mineral Deposit Research Unit
(MDRU) of the University of British
Columbia. Triumph Gold geologists also conducted
reconnaissance mapping and sampling on their 100% owned Severance
(YT), Tad/Toro (YT), and Andalusite Peak (BC) properties.
Geochemical results from the 2017 field season have been
considerably delayed compared to previous years due to the
exceptionally high volume of samples being produced in Yukon.
During the second half of the exploration program samples were
shipped to Thunder Bay rather than
Whitehorse for more expedient
processing. Geochemical results from drilling and other
sampling programs will be released in the upcoming weeks as the
data are received and reviewed.
Tinta Hill Trenching
Tinta Hill is a polymetallic vein deposit with a current
inferred resource of 2.16 million tonnes grading 1.89 g/t gold,
54.9 g/t silver, 0.27% copper, 0.99% lead and 1.41% zinc at a 0.5
g/t gold cut-off grade (December 15,
2014). The vein tapers and pinches out to the NW of the
resource area. However, soil geochemical and VLF-EM surveys
conducted in 2016 identified coincident multi-element soil
anomalies and conductors along strike of the Tinta Vein (see press
release dated February 27, 2017),
beginning approximately 460 metres to the NW of the mapped extent
of the Tinta Vein and encompassing an additional 700 metres, along
strike, to the limit of the soil survey (see map below). The
area was tested in September of this year with seven
trenches. Six of the seven trenches exposed multiple strongly
clay and hematite altered zones with pyritic quartz veins and
silicified domains that range from less than 1 centimetre to 2.6
metres in width. The mineralized veins are heavily leached
and boxwork after sulfide-rich quartz veins/silicified domains is
common. Where quartz veins with remnant sulfides are
preserved, they contain up to 15% pyrite, and in six locations
chalcopyrite, malachite and/or galena were also observed,
confirming base metal mineralization similar to the Tinta
Vein. Based on mapping of the 2017 trenches, it is now
apparent that an altered and veined structure, similar in character
to the Tinta Vein, is present over at least a 700-metre extent
along strike of the Tinta Vein. The geochemical results of 73
chip and 18 grab samples collected from the trenches are expected
in approximately five weeks.
Management Changes
The Company also announces the appointment of Mr. Rakesh Patel as Chief Financial Officer.
Mr. Patel replaces Glen Diduck, a
founding director of the Company, who has resigned to focus on
other business ventures. The Company wishes to acknowledge
Glen's contribution and thank him for the past 11 years of
service.
Rakesh Patel is a partner in the
Audit and Assurance Group at DMCL Chartered Professional
Accountants. He provides audit and advisory services to
Canadian and US private and public companies. He specializes
in guiding private companies entering the public markets and
assisting them with the registration process. He also has
extensive knowledge of Canadian and US securities rules relating to
the public markets, initial public offerings, prospectuses and
mergers and acquisitions.
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
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 contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Important factors - including the availability of
funds, the results of financing efforts, the completion of due
diligence and the results of exploration activities - that could
cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from
time to time on SEDAR (see www.sedar.com). Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The company disclaims any intention or obligation, except to
the extent required by law, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
SOURCE Triumph Gold Corp.
