Swinging for the fences at Freegold Mtn

Triumph Gold Corp. June 18 announced the start of a drill program targeting a buried copper-gold porphyry target that has not been previously tested by drilling at the Freegold Mountain project in the Yukon.

Triumph has identified numerous near-surface porphyry gold-copper targets and deposits over a six-kilometer (3.7 miles) stretch of Freegold Mountain. The two most advanced deposits along this trend are Nucleus and Revenue.

The Nucleus deposit hosts 74.74 million metric tons of indicated resource averaging 0.54 grams per metric ton (1.3 million ounces) gold and 0.06 percent (105.3 million pounds) copper; plus 63.79 million metric tons of inferred resource averaging 0.4 g/t (800,000 oz) gold and 0.05 percent (491,800 lb) copper.

The Revenue deposit, located about 3,000 meters east of Nucleus, hosts another 80.8 million metric tons of inferred resource averaging 0.39 g/t (1 million oz) gold and 0.14 percent (241.4 million lb) copper.

Triumph Gold geologists believe the 6,000-meter-long multi-element encompassing these zones and deposits is underlain by rocks affected by a gold-rich hydrothermal system related to a large buried porphyry intrusion that has yet to be tested by drilling.

Integrated geophysical data indicates this deep porphyry target lies at least 400 meters below the Revenue and Nucleus gold-copper deposits and spans the 6,000-meter-long prospective area at Freegold Mountain.

To reach this target, the company has mobilized a power drill capable of reaching depths of 2,000 meters to Freegold Mountain.

With this drill, the initial phase of the 2019 program at Freegold Mountain will include at least 5,000 meters in five holes that target copper-gold porphyry-style mineralization intersected during the 2018 drill program.

This deep drilling will start at Blue Sky, discovery area at the eastern end of the 6,000-meter-long Revenue-Nucleus soil anomaly.

Drilling carried out at this zone over the past two years has confirmed a wide zone of porphyry gold-copper mineralization on the western slope of Bowlidden Ridge, which is at the heart of the Blue Sky zone. One such hole drilled last year, RVD18-19, cut 316 meters averaging 1.1 g/t gold and 0.27 percent copper.

The deep hole at Blue Sky will test the extension of this porphyry style mineralization to a depth of roughly 1,600 meters.

WAu Breccia, a copper-gold-silver-molybdenum-tungsten-bearing target immediately east of the Revenue deposit, will also be tested with deep drilling.

One hole drilled at WAu Breccia in 2011 cut 76.3 meters averaging 1.4 g/t gold, 9.2 g/t silver, 0.21 percent copper and 0.03 percent molybdenum. Another hole drilled there in 2017 cut 40 meters of 1.18 g/t gold 8.3 g/t silver 0.24 percent copper and 0.13 percent molybdenum.

Triumph plans to test the gold-rich, breccia-style mineralization and surrounding porphyry mineralization at WAu Breccia with a hole being drilled to a depth of 1,000 meters.

The phase-1 2019 program will also include a 1,000-meter-deep hole to test Big Red, an intense chargeability anomaly that underlies the core of the 6,000-meter-long Revenue-Nucleus soil anomaly.

Triumph's geologists believe that these mineralized zones, which have regular and predictable geometry, are the best vectors into the causative intrusion that lies beneath.

Combined, this deep drilling will test for a deep world-class gold-copper porphyry across a roughly 2,000-meter strike length at Freegold Mountain.

"With the technical data to back up this amazing exploration story, Triumph is swinging for the fences this year," said Triumph Gold Executive Chairman John Anderson. "The upside for our investors is the possible discovery of a previously untested buried copper gold porphyry system that by all indications could be world class in size and grade."

–SHANE LASLEY

EDITOR'S NOTE: More information on Triumph Gold and the Freegold Mountain project can be read at Junior plans to drill deep for answers published in the June 1 edition of North of 60 Mining News.