Triumph Gold Mobilizes Crew for Phase 1 Drilling on Freegold Mountain Project, YT
TSX VENTURE: TIG
VANCOUVER, March 21, 2018 /CNW/ - Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: NFRGF) ("Triumph Gold" or the "Company") is pleased to announce that a field crew has been dispatched to the Freegold Mountain property to execute a 1,900 metre diamond drill program targeting the newly discovered porphyry system in the Keirsten Zone (see PR # 17-13). Porphyry related mineralization was first discovered in the Keirsten Zone with drill hole KZ17-01 which tested the center of a 1.1 km diameter intense (up to 180 milliradians) buried chargeability high. The drill hole encountered rock that had been affected by an extremely vigorous porphyry related hydrothermal system from 193 metres to the end of the hole at 603.50 metres. Phase 1 drilling will test new targets within and along the margin of the chargeability high that were developed through application of a porphyry model to the interpretation of existing geological and geophysical data.
Phase 1 drilling is expected to commence on March 27th. The timing of Phase 1 capitalizes on frozen ground in the Keirsten Zone, which is largely overlain by a swamp. The frozen ground will allow a drill to be mobilized with minimal environmental impact from road building, or expense from use of a helicopter. It also facilitates early establishment of a camp and crew which will support spring- and summer-long exploration activities, including an additional approximately 16,100 metres of diamond drilling, trenching and geophysical and soil geochemistry surveys.
Tony Barresi, VP Exploration of Triumph Gold Corp., comments: "Phase 1 drilling of the Keirsten Zone demonstrates Triumph Gold's commitment to test and advance the exploration concept that Revenue and Nucleus are not discrete deposits, but instead they are parts of a five- to six-kilometre-long magmatic-hydrothermal mineralizing system with porphyry and epithermal components. The Keirsten Zone is centred almost exactly between the Revenue and Nucleus deposits and represents a high priority exploration target as a potential core or focus of the broad mineralizing system."
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
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.