Triumph Gold Discovers a New Silver and Gold Vein Showing at the Freegold Mountain Project, Yukon

Triumph Gold Discovers a New Silver and Gold Vein Showing at the Freegold Mountain Project, Yukon

triumph gold Corp. (TSXV: TIG) (OTC Pink: TIGCF) (FSE: 8N6) ("triumph gold" or the "Company") is pleased to announce the discovery of a new Silver-Gold vein system, now named the Proton Zone, at its 100%-owned Freegold Mountain Project in Yukon, Canada. The discovery lies 1.3 km northeast of the Nucleus Deposit and 2.75 km northwest of the Revenue Deposit.

The Proton Zone was uncovered in fresh bedrock exposed by placer mining at Mechanic Creek in a previously unexplored area. The mineralized zone spans approximately 15 x 15 metres and lies over 300 metres from the nearest historic sampling or drill hole (Figures 1-3). The shear-hosted quartz-sulfide veins share a similar geochemical signature to the nearby Nucleus deposit but are hosted in granodiorite, similar to the Revenue deposit.

Highlights from Proton Zone Sampling (see Table 1):

  • Grab sample C959830: 1.68 g/t Au, 8.99 g/t Ag, >10,000 ppm As
  • Chip sample C959831 (30 cm): 5.95 g/t Au, 7.17 g/t Ag, >10,000 ppm As

Table 1: Assay Results from the Proton Zone

Sample
Number
Easting
(NAD83-8N)
Northing
(NAD83-8N)
Sample
Type
Au
g/t
Ag
g/t
Cu
ppm
As
ppm
Sb
ppm
Bi
ppm
C959829 380510 6714755 Grab 0.50 1.26 153 9,030 94.4 8.57
C959830 380508 6914767 Grab 1.68 8.99 212 >10,000 153 68.3
C959831 380515 6914772 30cm Chip 5.95 7.17 161 >10,000 38.8 49.6

 

Other high-grade vein zones have been sampled along Mechanic Creek. The Drone Zone, located 1.3 kilometres south of the Proton Zone, returned up to 450 g/t gold and 19 g/t silver (March 2019). An additional zone 600 meters south of the Proton Zone returned values up to 6.58 g/t gold and 13.6 g/t silver.

These zones all feature gold-silver-copper-arsenic-antimony-bismuth geochemistry and have not been followed up with drilling. Their proximity to the Nucleus and Revenue deposits suggests a potential link to the Revenue porphyry mineralizing event. The Revenue system is similar in style to the Casino deposit, part of the Tintina Gold Belt.

Sample Descriptions:

  • C959829: Silicified vein-breccia with up to 10% arsenopyrite
  • C959830: Similar to above, about 10 meters away along the same structure
  • C959831: Clay-altered, gossanous zone with no visible sulphides, east-trending

triumph gold's VP of Exploration Jesse Halle comments: "Mechanic Creek continues to generate highly prospective exploration targets, demonstrating the significant growth potential of the Revenue and Nucleus deposits. This new zone shows gold-and-silver-dominant geochemistry like the Vest Pocket and Granger zones, the latter being added to the 2020 resource estimate. A new mineralized trend is emerging, and we are excited to see where it leads."

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Figure 1: Nucleus and Revenue deposits as well as additional zones of mineralization (Map scale 1:30,000)

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Figure 2: Proton Zone Map (1:5,000 scale)

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Figure 3: Proton Zone Sampling

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Nucleus Deposit Overview

The Nucleus deposit hosts epithermal gold-silver-copper mineralization within Paleozoic schists and gneisses, crosscut by quartz-feldspar porphyry dykes and a leucogranite stock. Structural control is related to the Big Creek fault system.

2020 Resource Estimate (at 0.30 g/t AuEq cutoff):

  • Indicated: 31 million tonnes grading 0.65 g/t gold, 0.07% copper, and 0.7 g/t silver
  • Inferred: 9.4 million tonnes grading 0.56 g/t gold, 0.04% copper, and 0.7 g/t silver

triumph gold's Principal Geologist, Marty Henning, comments: "With rising gold and silver prices, the Nucleus resource is showing strong potential for growth. Mineralization extends below the current $1,500 per ounce gold pit resource, and further drilling along key structural trends could significantly expand the resource."

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Figure 4: Distribution of anomalous Gold within surface rock, soil and silt samples

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The last major exploration program at the Nucleus deposit was conducted in 2021. Figure 1, Table 2 and Table 3 provide details of the program and demonstrate the growth potential of the Nucleus deposit. Drilling completed in 2021 was designed to test mineralization continuity along the four corners of the main and northern satellite pit resource, the Big Creek South Fault, and the newly defined Orbit Zone (New Release May 4, 2022). Drill hole attributes are summarized in Table 1, and gold equivalent (AuEq) composite grades are highlighted in Table 2.

Table 2: Nucleus 2021 Drillhole Summary

Hole-ID Easting
(NAD83-8N)
Northing
(NAD83-8N)
Elevation
m
Depth
m
Azimuth Dip
N21-01 379458 6913364 852 306.32 35 -60
N21-02 379120 6913528 951 449.58 30 -60
N21-03 379162 6913073 895 320.43 210 -60
N21-04 379162 6913073 895 295.66 30 -60
N21-05 378859 6913336 974 288.04 220 -60
N21-06 378859 6913336 974 316.99 40 -60
N21-07 379111 6914021 1003 312.42 70 -70
N21-08 379566 6914430 902 327.5 60 -60
N21-09 379666 6914527 860 215.49 45 -70
N21-10 379525 6914090 906 257.86 210 -70
N21-11 379620 6914482 880 232.56 340 -60
O21-01 380343 6912498 812 242.32 220 -50

 

Table 3. Significant Intercepts >0.50AuEq with sub-intervals >1.0 g/t AuEq.

Hole-ID
From
m
To
m
Interval
m
AuEq
1750
Au
g/t
Ag
g/t
Cu
%
N21-01 21 38.5 17.5 0.45 0.33 1.39 0.07
N21-01 57 84.25 27.25 0.75 0.60 1.65 0.08
Including 67 84.25 17.25 1.02 0.85 1.72 0.09
N21-01 218 224.7 6.73 0.29 0.11 1.20 0.11
N21-01 268 272.5 4.5 0.52 0.24 1.72 0.16
N21-02 15.24 46.5 31.26 0.76 0.71 0.67 0.02
Including 28.5 33 4.5 2.10 2.00 1.57 0.05
N21-02 61.5 65.45 3.95 1.30 1.08 2.20 0.12
Including 61.5 65.45 3.95 1.30 1.08 2.20 0.12
N21-02 114.08 119.5 5.37 0.79 0.74 0.39 0.03
N21-02 223.41 236.7 13.29 1.17 0.90 2.24 0.16
Including 228.8 236.7 7.9 1.58 1.25 3.15 0.19
N21-03 90.1 109 18.9 0.55 0.48 0.54 0.04
Including 90.1 95.5 5.4 1.00 0.93 0.57 0.04
N21-04 135.5 138.5 3 1.24 1.18 0.25 0.03
N21-06 276.38 280.1 3.73 1.22 0.87 1.85 0.21
N21-07 75 82 7 0.46 0.43 0.59 0.01
N21-08 70 86.5 16.5 0.66 0.66 0.25 0.00
Including 70 82 12 0.71 0.70 0.25 0.00
N21-09 85.5 88.5 3 0.89 0.87 0.25 0.01
N21-09 153 163 10 0.46 0.33 0.25 0.08
N21-10 4 13 9 0.41 0.36 0.87 0.02
N21-10 54 63 9 0.71 0.65 0.69 0.03
N21-11 31.6 51.6 20 0.96 0.92 1.46 0.01
Including 31.6 41 9.4 1.41 1.36 2.25 0.01
N21-11 194 198 4 0.55 0.42 1.05 0.07
O21-01 94.5 98.3 3.8 0.68 0.47 1.22 0.12
O21-01 141 146.4 5.43 0.69 0.56 0.69 0.08

 

References and Disclosures

The AuEq composite was calculated using a >0.50 g/t AuEq and >1.0 g/t AuEq cutoff and

Gold equivalent [AuEq] is used for illustrative purposes to express the combined value of gold, silver, and copper as a percentage of gold. No allowances have been made for recovery losses in a mining scenario.

AuEq is calculated using US$1,750.00 per troy ounce of gold, US$24.00 per troy ounce of silver, and US$4.00 per pound of copper.

AuEq = Au g/t + (Ag g/t X $24.00 / $1750.00) + (Cu% X $4.00 X 22.0462) / ($1750.00 / 31.10)

Sample Preparation and QAQC

Rock samples from the Freegold Mountain Project Proton Zone were submitted to the ALS Geochemistry laboratory in Whitehorse for sample preparation. Sample pulps were shipped directly to ALS Vancouver for analyses.

Rock samples were weighed, dried and crushed to 70% passing 2 millimetres, then riffle-split to obtain a 250-gram sub-sample pulverized to greater than 85% passing 75 microns (PREP-31). A 0.25-gram sample from each pulp was analyzed for multi-element geochemistry using 4-acid (near-total) digestion and induced coupled plasma mass spectroscopy (ICP-MS), giving 48 elements (ME-MS61). A 30-gram sample from each pulp was analyzed for Au using fire assay and atomic absorption spectroscopy (Au-AA23).

Diamond drill holes at the Freegold Mountain Project are drilled using HTW and NTW core sizes (70.92 millimetres and 56.00 millimetres diameter, respectively). Sample preparation is completed at ALS Whitehorse, and sample pulps are shipped to ALS Vancouver for analysis. Samples are dried and crushed to 70% less than 2 millimetres with a 250-gram riffle-split and pulverized to better than 85% passing 75 microns (PREP-31).

A 50-gram sample from the pulp is analyzed for gold using fire assay techniques and atomic absorption spectroscopy with detection limits of 0.005-10 parts per million ("ppm") (Au-AA24). Gold over-limit values are re-analyzed using a gravimetric finish with an upper detection limit of 10,000 ppm (Au-GRA22). A 0.25-gram sample from the pulp is analyzed with multi-element geochemistry (ME-ICP61) using a 4-acid near total digestion and induced coupled plasma atomic emission spectroscopy (ICP-AES) providing 33 elements.

Sample Quality Assurance/Quality Control ("QAQC") measures include unmarked certified reference materials (CRMs), rock blanks, and field duplicates inserted into the sample sequence. These make up 5% of the samples submitted to the lab for holes reported in this release. Additional QAQC checks are ongoing in accordance with 43-101 standards.

National Instrument 43-101 Disclosure

The technical content of this news release has been reviewed and approved by triumph gold's Principal Geologist Marty Henning, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101"). He has also verified the data disclosed, including sampling, analytical and test data, and the underlying technical information in this news release.

About triumph gold Corp.

triumph gold is a Canadian-based, growth-oriented exploration and development company with a district-scale land package in the mining-friendly Yukon. Led by an experienced management and technical team, The Company is focused on actively advancing its flagship Freegold Mountain Project using multidiscipline exploration and evaluation techniques.

The road-accessible Freegold Mountain Project in the Dawson Range Au-Cu Belt hosts three NI 43-101 Mineral Deposits (Nucleus, Revenue, and Tinta Hill). The Project is 200 square kilometres and covers an extensive section of the Big Creek Fault Zone, a structure directly related to epithermal gold and silver mineralization and gold-rich porphyry copper mineralization.

The Company owns 100% of the Big Creek and Tad/Toro gold, silver, and copper properties along the Freegold Mountain Project strike within the Dawson Range.

The Company also owns 100% of the Andalusite Peak copper-gold property, 36 km southeast of Dease Lake within the Stikine Range in British Columbia.

triumph gold acknowledges the traditional territories of the Little Salmon Carmacks First Nation and Selkirk First Nation, on which the Company's Yukon mineral exploration projects are located. triumph gold has a longstanding, ongoing engagement with these First Nations through communication, environmental stewardship, and local employment.

For more information, please visit triumphgoldcorp.com.

On behalf of the Board of Directors

Signed "John Anderson"

John Anderson, Executive Chairman

For further information about triumph gold, please contact:

John Anderson, Executive Chairman
triumph gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors - including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedarplus.ca). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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For more information: https://triumphgoldcorp.com/

About the Investing News Network

The Investing News Network (INN) is a destination for trusted, independent news and education for investors exploring the public markets. With sector-specific coverage and direct access to company insights, INN helps investors make informed decisions - and helps public companies improve visibility and attract shareholder interest.

For more information: www.investingnews.com

Media Contact

Chris Hogg
Chief Revenue Officer
Investing News Network
chogg@investingnews.com

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In addition, the Company holds the Apex project near Snow Lake, Manitoba , and the Denton-Keefer project near Timmins, Ontario , and remains focused on advancing organic growth while pursuing accretive acquisition opportunities across North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking information and statements, collectively ("forward-looking statements"), within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about exploration plans and the timing and results thereof, as well as statements relating to the plans and timing for the potential mining operations at the True North Project, including trial mining and the benefits therefrom, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2025/28/c2388.html

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