The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Drills 80.5 meters of 1.96 g/t gold-equivalent in WAu zone North of 60 Mining News - November 24, 2021
Chalcopyrite, pyrite, and molybdenite mineralization hosted within a quartz-carbonate vein tapped in hole RVD21-01.
Triumph Gold Corp. Nov. 24 announced that four holes drilled this summer has expanded the WAu zone within the Revenue deposit on the company's Freegold Mountain copper-gold project in the Yukon.
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.
Zones of gold-rich porphyry copper-style mineralization have been identified in numerous locations within Revenue, including the Blue Sky and WAu zones.
WAu zone is a steep south-dipping structurally controlled body of gold-silver-copper-molybdenum-tungsten epithermal mineralization outlined by 14 holes drilled prior to the 2021 season and four holes this year.
Highlights from previous WAu zone drilling include:
• 81.1 meters averaging 1.34 g/t gold, 8.73 g/t silver, 0.21% copper, 0.03% molybdenum, and 0.014% tungsten from a depth of 192 meters in hole RVD11-019.
• 50.5 meters averaging 1.02 g/t gold, 8.39 g/t silver, 0.24% copper, 0.015% molybdenum, and 0.015% tungsten from a depth of 247.5 meters in hole RVD17-12.
• 33 meters averaging 0.71 g/t gold, 6.74 g/t silver, 0.34% copper, 0.018% molybdenum, and 0.012% tungsten from a depth of 168 meters in hole RVD18-08.
• 43 meters averaging 4.53 g/t gold, 4.92 g/t silver, 0.07% copper, 0.023% molybdenum, and 0.016% tungsten from a depth of 391 meters in hole RVD19-06.
Highlights from the 2021 WAu zone drilling include:
• 46.8 meters averaging 0.15 g/t gold, 2.83 g/t silver, 0.09% copper, 0.015% molybdenum, and 0.006% tungsten from a depth of 267.1 meters in hole RVD21-01.
• 35 meters averaging 0.17 g/t gold, 1.07 g/t silver, 0.05% copper, 0.008% molybdenum, and 0.004% tungsten from a depth of 325 meters in hole RVD21-02.
• 80.5 meters averaging 1.52 g/t gold, 3.74 g/t silver, 0.18% copper, 0.011% molybdenum, and 0.007% tungsten from a depth of 370 meters in hole RVD21-03.
This year's drilling has expanded the strike length of the WAu zone to 250 meters and within 75 meters of the 200-meter-long Blue Sky zone.
"We are excited about the 2021 drill hole assays to date, which support the current resource and geological reinterpretation at the WAu zone and within the Revenue deposit," said Brian May, the newly appointed president of Triumph Gold. "We are eagerly awaiting the remainder of the 2021 drill hole assays testing the upper portion of the Blue Sky zone within the Revenue deposit, the Nucleus deposit, the Big Creek South Fault zone, and the Orbit zone."
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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