Is This The Next Kaminak? – Goldcorp Acquires 19.9% Of Triumph Gold

A recent article by Palisade Research highlighted Triumph Gold Corp. (TSXV:TIG).
As quoted in the article:

As stated in our original write-up, Triumph’s flagship project, Freegold Mountain, includes Kaminak’s Coffee-like epithermal models, but also has all the signatures of Western Copper’s Casino-like porphyry. And for the record, Kaminak was acquired by Goldcorp for $520 million, and Western Copper currently has a market cap of $170 million.
This geology, accompanied by Triumph’s exploration philosophy, enticed Goldcorp to invest $6.3 million via flow-through, at a price of $0.528 per share. The share price at announcement was $0.475.
The Freegold Mountain project has already seen over $35 million spent in exploration, but its Triumph’s fresh new approach and resulting growth potential that really attracted Goldcorp.
With $6.3 million in flow-through cash, Triumph wants to drill. The company has allocated $4 million at Revenue and Nucleus, with $3.5 million in drilling and the other $500,000 in additional geophysics, soil sampling, and mapping. The field season will begin early June, and afterwards the company should see a steady course of news flow.
Triumph is also allocating some exploration funds to its third deposit, Tinta Hill, an intrusion hosted copper-gold enriched poly-metallic vein-type deposit. The company recently released results from a 70-line-kilometer ground magnetic and VLF-EM survey, and a 10-line-kilometer (414 samples) soil geochemical survey.
Triumph is targeting its porphyry simply because the upside is significantly more. Looking at TIG’s current valuation of $22.7 million, the company’s 3.25 million ounces of gold in the ground is still undervalued, and the vindication of Goldcorp’s entry is also ignored. Triumph Gold has the geology, jurisdiction, and infrastructure to be a home-rue. Triumph Gold remains our largest holding.

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