The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
After review and rebuild, company begins multi-tiered program North of 60 Mining News – July 2, 2021
The exploration camp at Triumph Gold's road-accessible Freegold Mountain project in the Yukon's Dawson Range.
Triumph Gold Corp. June 29 announced the start of a comprehensive exploration program focused on expanding and upgrading resources and developing zones of mineralization outside the deposit areas at its Freegold Mountain gold-copper project in the Yukon.
"Through a focused review and rebuild of the Freegold Mountain project 3D model, the technical team has digested the entire data-room and designed a comprehensive, multi-tiered exploration program – a process that has already added significant value to the project and will be instrumental in achieving Triumph's strategic goals," said Triumph Gold Vice President of Exploration Jesse Halle.
The initial phase of 2021 exploration at Freegold Mountain will include 8,000 meters of diamond drilling to test four targets, 100 line-kilometers of ground geophysical surveying, 35 line-kilometers of soil sampling, and surface trenching.
Freegold Mountain hosts near-surface porphyry gold-copper deposits and related precious metals enriched polymetallic targets across a roughly 19-kilometer (12 miles) stretch of the property. The two most advanced deposits along this trend are Nucleus and Revenue.
Nucleus hosts 31 million metric tons of indicated resource averaging 0.65 grams per metric ton (748,000 ounces) gold and 0.07% (44 million pounds) copper; plus 9.4 million metric tons of inferred resource averaging 0.56 g/t (169,00 oz) gold and 0.04% (9 million lb) copper.
Revenue, located about 3,000 meters east of Nucleus, hosts another 11.4 million metric tons of indicated resource averaging 0.38 g/t (140,000 oz) gold and 0.12% (30 million lb) copper; plus 27.5 million metric tons of inferred resource averaging 0.51 g/t (446,000 oz) gold and 0.12% (73 million lb) copper.
The 2021 phase-1 program at Freegold Mountain includes 3,000 meters of diamond drilling at each of these targets.
At Nucleus, the drilling will test newly modeled shallow-dipping mineralized strata at structural breaks, as well as further define indicated oxide gold zones.
At Revenue, zones of gold-rich porphyry copper style mineralization have been identified in numerous locations, including the Blue Sky and WAu Breccia zones, which were discovered in 2017 and 2018, respectively. This year's drilling at Revenue will test extensions of these two zones.
Another 1,500 meters of drilling is slated for Melissa, a multi-element geochemical anomaly that is coincident with a chargeability and resistivity geophysical anomaly about 4,500 meters southeast of Revenue. This will mark the first-ever drilling at Melissa.
Triumph also plans to drill 500 meters along the 3,700-meter Irene-Goldstar corridor immediately southwest of Melissa. One hole drilled last year at the Goldstar vein toward the southeast end of this corridor, IGC20-03, cut 1.56 meters averaging 1.59 g/t gold, 96 g/t silver, and 2.3% copper. Another hole drilled at the Red Fox-Vindicator zone toward the northwest end of the corridor (IGC20-01) cut 7.23 meters averaging 1.12 g/t gold and 15.6 g/t silver from a depth of 27.8 meters; and 9.75 meters averaging 0.89 g/t gold, 22 g/t silver, and 0.17% copper from 48.2 meters. This year's drilling will test multi-element and geophysical anomalies and the down-dip extension of the Goldstar vein based on positive results of the 2020 drill campaign near the Red Fox-Vindicator zone.
The exploration in this area will also include more than 100 line-kilometers of ground magnetic geophysical surveying over the Irene-Goldstar corridor, as well as the nearby Melissa, Stoddart, and Cabin zones.
Triumph Gold also plans to carry out a six line-kilometer electromagnetic geophysical survey over northwest-trending vein-style mineralization along strike of the Tinta Hill deposit.
Tinta hosts 908,000 metric tons of inferred open-pit resource averaging 1.09 g/t (32,000 oz) gold, 0.18% (4 million lb) copper and 42.5 g/t (1.2 million oz) silver; plus 1.31 million metric tons of inferred underground resource averaging 1.43 g/t (92,000 oz) gold, 0.17% (5 million lb) copper and 46.3 g/t (2 million oz) silver.
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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