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Triumph Gold Corp. (TSXV:TIG, OTCQB:TIGCF) is a precious metals exploration and development company focused on advancing the district-scale Freegold Mountain project in Yukon. The property hosts three known deposits with a combined NI 43-101 resource estimate of 3.25 million ounces of gold, as well as multiple showings with excellent blue sky potential.
The company has expended $35 million in exploration work under former management, let alone the 86 years of data collected altogether. New expert examination of the data has led to the planning of a low-cost exploration program with drilling anticipated to commence in May 2017.
Triumph Gold is led by a strong management team with decades of experience in mineral exploration. Chairman John Anderson has revamped the company with a new Board, new management and a collection of strong value added shareholders. President Paul Reynolds is a professional geoscientist well-versed in managing public companies. Dr. Tony Barresi was just hired VP of Exploration after spending the previous exploration season on the property and came up with 4 new discoveries to follow up on from Data mining and field work.Dr. Barresi is a professional geologist who has worked for both Yukon and BC government geological surveys.
- Combined 3.25 million-ounce gold resource at district-scale Freegold Mountain
- A district size play of 35 km long and over 200 sq. km.
- Three 43-101 deposits with resources that are all open for growth
- Positive results from metallurgical work with over 97% AU recoveries.
- Excellent infrastrucure with a Government maintained road going right through the entire property and roads to all deposits and targets
- Good jurisdiction, straight forward permitting and support from government and local communities.
- Data mining of $35 million database allows for low-cost exploration.
- Four newly defined exploration opportunities.
- Excellent cash position with $7 million in the bank.
- Highly experienced management and technical team.
Key Property: Freegold Mountain Project, Yukon
Triumph Gold’s Freegold Mountain Project covers a highly prospective section of the Big Creek fault zone in Yukon’s Dawson Range. The district-scale project shares an address with several notable mineral properties including Capstone Mining’s Minto Mine, which lies 40 kilometers to the northeast of Triumph, as well as Copper North Mining’s Carmacks Copper Project and Rock Haven Resources’ KLAZA project. Western Coppers Casino deposit and Goldcorp’s $520million acquisition of Kaminak (2016) is immediately northeast along trend of the Big Creek Fault
Freegold Mountain’s location bestows some of the best infrastructure for a project in Yukon. Located 200 kilometers northwest of Whitehorse, the property is accessible by the main paved all-weather Klondike Highway and the government-maintained Freegold Road that runs through the property. Commercial grid power is available with a spur electrical line extending into the Minto Mine. “The infrastructure that we enjoy is some of the best in the territory; in fact, this property package was put together because of the area’s great infrastructure,” said Triumph Gold Chairman John Anderson.
District-scale potential with multiple deposits and showings
The project hosts three significant mineral deposits and numerous gold showings which represent porphyry-epithermal systems. The deposits include the high-grade gold Nucleus deposit, the Revenue copper-gold-molybdenum-silver deposit and the Tinta Hill poly-metallic vein deposit.Freegold Mountain has a combined 3.25 million ounces of gold NI 43-101 resources
Data mining for low-cost exploration
Triumph Gold’s exploration strategy for the Freegold Mountain project centers on evaluating a large database representing $35 million in exploration work conducted on the property since 2006. Through careful evaluation of the data and prospectivity mapping, the company has identified four high-priority targets for an upcoming exploration program. The planned work will include drilling at Revenue, Nucleus and the newly identified Generation zone as well as further data mining and prospecting to evaluate other showings on the property and identify new targets.
Paul Reynolds, P Geo., President, CEO and Director
Paul Reynolds is a professional geoscientist with over 28 years of experience working in Canada, the U.S., Bolivia, Guyana and Argentina. Reynolds has 20 years of experience managing public companies as a director or executive officer.
John Anderson, Chairman of the Board and Director
John Anderson was a founding general partner in Aquastone Capital LLC, a New York based gold fund. Anderson has raised more than $35 million for Triumph Gold (formerly Northern Freegold).
Tony Barresi, Ph.D., P.Geo, Vice-President Exploration
Tony Barresi is a professional geologist with 11 years of experience in mineral exploration, and served three years with the Yukon and BC geological surveys.
Glen Diduck, Chief Financial Officer
Glen Diduck has more than 30 years of experience in public accounting. He is also a director and CFO of Eagle Plains Resources and CFO of Omineca Mining and Metals.
Joseph Campbell, Director
Joseph Campbell is a professional geologist with 34 years of experience in exploration and mining, including roles as Exploration Manager, Mines Manager and Chief Mine Geologist of various gold and base metal mines, and as Project Manager for advanced mine development projects. In 2002, he co-founded GeoVector Management, a geoscientific consulting firm. Campbell was responsible for the definition of a 250 million tonne nickel laterite Pinares deposit in Cuba; and for the discovey of the Meliadine gold project in Nunavut, taking the project from discovery to pre-feasibility.
Marco Strub, Director
Marco Strub is the principal of Sircon AG, a consulting and investment research company based in Zurich. Prior to that he was a partner at Exulta AG from 1997 to 2003.