The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Mining Explorers 2019 – Published Nov. 1, 2019
Triumph Gold's exploration camp at the Freegold Mountain gold-copper project in the Yukon.
Triumph Gold Corp. focused its 2019 drill program on testing buried copper-gold porphyry targets not previously targeted on its Freegold Mountain project in the Yukon.
Over the years, 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 a large buried porphyry intrusion that has yet to be tested by drilling.
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 mobilized "The Big Green Monster", a drill capable of reaching depths of 2,000 meters, to Freegold Mountain.
This power rig began its deep drilling at Blue Sky, a 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 mineralization at the heart of the Blue Sky zone. One such hole, 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, was also tested with deep drilling.
Previous drilling at WAu Breccia cut 76.3 meters averaging 1.4 g/t gold, 9.2 g/t silver, 0.21 percent copper and 0.03 percent molybdenum; and 40 meters of 1.18 g/t gold, 8.3 g/t silver, 0.24 percent copper and 0.13 percent molybdenum.
The roughly 6,000-meter drill program also tested Big Red, a 2,800-meter-long intense chargeability anomaly at Revenue West.
"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."
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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