Triumph Gold Corp: Drill Holes Keep Finding More Gold for Investors
Triumph Gold Corp (CVE:TIG, FRA:8N61, OTCMKTS:NFRGF) is actively exploring their Freegold Mountain Property with an extensive drilling campaign.
For you that are new – Triumph Gold takes up a large spot in our Palisade Portfolio. We own 19.1% of the shares outstanding. And the mining giant – Goldcorp – also has a big stake; owning 19.999%.
We began buying at $0.06 and have remained the largest open market buyer ever since. . .
Additionally, we have actively participated in private placements for the company – giving them money to continue drilling.
In fact – earlier in July – Triumph announced news that their latest round of financing raised over $5 million CAD. And had an elite gold groups participating
Goldcorp. . .
ZinJin Mining Fund. . .
and the Swiss based gold fund – Gold 2000. . .
With the support of funding – Triumph continues to carry out their extensive drilling campaign.
Here are the latest results. . .
Spring and summer drilling in 2018 has focused on the ‘Revenue’ (copper-gold-molybdenum-silver porphyry) deposit and the ‘Nucleus’ (gold-silver-copper porphyry) deposit – both which make up a 6-kilometer soil and geophysics anomaly.
The main highlight in today’s release is some excellent results from part of the large Revenue area – ‘WAu breccia’. . .
These results confirm the continuity of grade over a 130-meter strike length and to a depth of 200 meter.
What this means is – there’s a lot more gold being discovered.
18,000 meters of additional exploration drilling is also underway – and is currently 30% complete – there’s plenty of potential for more exciting new finds. . .
In addition, these holes represent an extension of the mineralization east of – and both up and down – of the original discovery hole.
The ‘WAu breccia’ was first discovered in October 2017 with a hole including 58.65 meters of 1.48g/t gold equivalent at 0.971 g/t Au and 0.22% copper.
This has since firmed up with five additional holes from this drilling campaign – with results including 72 meters of 1.33 g/t AuEq from 60 meters and 43.02 meters of 1.50 g/t AuEq from 62.52 meters.
There’s also the presence of sample intervals with gold grades up to 27 g/t. . .
(Figure 1: Location of WAu Breccia holes)
Triumph continues making strides within the main Revenue deposit area – as well as in the adjacent porphyry-style mineralization at Revenue East.
The Porphyry Mineralization footprint at Revenue East extended Westwards by 110 meters and 40 meters South.
Porphyry style mineralization was also noted up to 200 meters north of the main body. This represents a large increase of mineralization potential on the property.
Triumph is posing itself to be the major gold player in the Yukon.
These results show potential for the company to grow considerably with deposits open in all directions.
We look forward to the new and exciting results that are expected throughout the rest of summer.