VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) — Triumph Gold Corp. (TSX-V: TIG | OTCMKTS: TIGCF) (“Triumph Gold” or “the Company”) is pleased to provide an update on exploration activities for their flagship Freegold Mountain Project (the “Project”) located in the prolific Dawson Range Copper-Gold District of mining-friendly Yukon. The Project covers a 200-kilometre-square road accessible portion of the Big Creek Fault, a structural system directly related to gold-rich porphyry copper, epithermal and related polymetallic vein, and skarn mineralization. The district-scale Project is host to abundant copper-gold prospects, as well as three current NI 43-101 compliant Mineral Deposits (Figure 1).
Triumph Gold’s technical team is in the final stages of designing an exploration program for the Freegold Mountain Project scheduled to commence in late Spring. The 2021 program will focus on both resource expansion and testing of new targets at Revenue, Nucleus, and the Melissa Zone, and will be based on significant advancements made in the first half of 2021 through the following successful initiatives:
- Interpretation of newly-generated IP/MT and Drillhole-Constrained Magnetic 3D Inversion geophysical models to identify previously-unseen structural controls on mineralization in the Revenue-Nucleus area
- Completion of a 3D redox model to identify and target oxide gold potential in the Revenue-Nucleus area
- Receipt of preferred orientation data for key elements outlined by Minerva Intelligence innovative Artificial Intelligence technologies to identify unbiased mineralization vectors in the Revenue-Nucleus area
- Generation of comprehensive alteration models through evaluation of over 40,000 metres of drillhole spectral data (TerraSpec and PIMA) to identify robust alteration vectors throughout the Project area
- Digitization and validation of geological, geochemical, and geophysical data in recently-acquired Micromine 3D modelling software, resulting in confirmation and generation of new exploration targets throughout the Project area
The Company is also excited to announce that it has engaged Tutchone Environmental Consulting, a Little Salmon Carmacks First Nation citizen owned business, to commence surface water baseline studies throughout the Project area. Additional work being considered for 2021 includes detailed geophysical and geochemical surveys covering several targets on the Project, including the Irene-Goldstar Corridor, Stoddart/Cabin Porphyry, and Tinta Hill.
The Freegold Mountain Project is situated within a northwest trending belt of Paleozoic-aged metasedimentary and lesser metavolcanic rocks intruded by Jurassic-aged plutons. A long-lived regional fault system runs through the length of the Project and is associated with numerous mid- and late-Cretaceous intrusions, the latter being directly associated with gold-rich porphyry copper style mineralization and associated epithermal vein…