Mr. Paul Reynolds reports
TRIUMPH GOLD REPORTS RESULTS FROM DRILLING OF THE NUCLEUS AU-AG-CU DEPOSIT, FREEGOLD MOUNTAIN PROPERTY, YUKON TERRITORY
Triumph Gold Corp.has releasedthe results from 4,159 metres of diamond drilling, in 21 holes, conducted in the Nucleus gold-silver-copper deposit area. Highlights of the 2018 Nucleus drill program include:
Four high-grade gold intersections:19.8 grams per tonne gold over 0.84 metrein N18-06 (39.62 to 40.46 metres);15.93 grams per tonne gold over 1.00 metre in N18-17 (150.00 to 151.00 metres);13.67 grams per tonne goldover 1.67 metres in N18-04 (28.51 to 30.18 metres);9.13 grams per tonne goldover 2.00 metres in N18-16 (106.00 to 108.00 metres);Mineralized intervals from 16 of the 21 holes drilled in 2018 returned gold grades that exceed the average grade (0.544 gram per tonne gold) of the current inferred mineral resources estimated in December, 2014; examples include:1.196 grams per tonne gold over 45.19 metres in N18-08 (19.81 to 65.00 metres);1.184 grams per tonne gold over 59.50 metres in N18-17 (149.00 to 208.50 metres).
Highlighted intersections are noted in an attached table, and a full list of significant intersections is contained in a separate table.
HIGHLIGHTED RESULTS FROM 2018 DIAMOND DRILLING AT THE NUCLEUS AU-AG-CU DEPOSITDrill holeFromToLength*AuAg Cu (m) (m) (m)(g/t) (g/t)(%)N18-01 38.10 51.82 13.720.966 0.90.040N18-04 23.09 35.05 11.963.030 1.90.307Including28.51 30.181.67 13.67010.00.542N18-06 38.10 51.30 13.201.980 0.40.146Including39.62 40.460.84 19.8000.0 0.164N18-082.04150.11148.070.619 0.10.046Including19.81 65.00 45.191.196 0.10.052N18-16106.00108.002.009.130 0.00.120N18-17149.00208.50 59.501.184 1.60.081Including 150.00151.001.00 15.9305.0 0.551Also including166.00176.00 10.003.212 7.00.227N18-18155.45166.73 11.281.075 4.10.314N18-19 85.00 95.50 10.501.644 0.00.187 * Length/interval refers to drill hole intercept. True widths have not been determined.
The 2018 drill program at Nucleus was designed to optimize a future pit-constrained estimate of mineral resources by targeting:
Near-surface mineralized areas that had insufficient drill density to support estimates of mineral resources;Near-surface mineralized areas where additional delineation drilling could facilitate upgrading of Inferred mineral resources to an indicated category;Areas prospective for high-grade mineralization.
Triumph Gold has contracted SIM Geological Inc. to provide updated estimates of mineral resources for the Nucleus, Revenue and Tinta deposits, to be completed in 2019. All three deposits are located on Triumph Gold's 100-per-cent-owned, road-accessible, 200-square-kilometre Freegold Mountain property inYukon. The updated resource estimate at Nucleus will incorporate all drill results prior to 2014, the results from 16 holes completed in 2017 (press release dated Jan. 18, 2018) as well as 4,159 metres of diamond drilling in 21 holes conducted in 2018 (as described in this news release).
SIGNIFICANT RESULTS FROM 2018 DIAMOND DRILLING AT THE NUCLEUS AU-AG-CU DEPOSITDrill holeFromToLength*AuAg Cu (m) (m) (m)(g/t) (g/t)(%) N18-01 22.86 69.00 46.140.455 0.60.076 Including38.10 51.82 13.720.966 0.90.040 And 206.00216.00 10.000.213 0.40.111 N18-02 87.20 89.001.801.230 3.00.019 And 107.00111.004.000.603 0.00.056 N18-03 25.00 75.00 50.000.515 0.00.025 And 193.00195.002.001.020 0.00.007 N18-04 23.09 35.05 11.963.030 1.90.307 Including28.51 30.181.67 13.67010.00.542 And62.00 72.00 10.000.481 0.00.061 N18-053.30 16.50 13.200.650 0.00.022 And 180.00181.201.206.880 0.00.017 N18-06 38.10 51.30 13.201.980 0.40.146 Including39.62 40.460.84 19.800 0.00.164 And94.00 96.012.012.030 0.00.113 N18-072.70 21.33 18.630.422 0.00.024 And 158.00177.09 19.090.256 0.50.134 N18-082.04150.11148.070.619 0.10.046 Including19.81 65.00 45.191.196 0.10.052 N18-09 19.00 77.72 58.720.389 0.10.059 N18-10 36.49 38.001.511.280 0.00.020 And 111.00113.002.001.400 0.00.031 And 137.00146.309.300.380 1.30.099 N18-11No Significant ResultsN18-12 41.00 51.00 10.000.516 0.00.044 And80.15 81.151.002.210 3.00.015 N18-13 16.40 18.361.961.550 0.00.043 And38.67 45.727.050.574 1.10.007 And 125.00129.824.821.124 0.00.077 N18-14 57.00 72.60 15.600.372 0.30.087 And85.00 97.00 12.000.348 0.00.017 N18-15 81.76 83.001.241.110 0.00.004 And 155.00158.003.000.427 0.00.047 And 194.50201.476.970.415 1.10.055 N18-16 13.72 17.944.221.037 0.00.019 And98.72189.00 90.280.535 0.30.085 Including 106.00108.002.009.130 0.00.120 N18-17 67.50 72.004.500.452 0.00.018 And82.00 86.004.002.295 0.00.055 And 115.00119.004.000.790 0.00.023 And 149.00208.50 59.501.184 1.60.081 Including 150.00151.001.00 15.930 5.00.551 Also including166.00176.00 10.003.212 7.00.227 N18-18 36.58 38.101.523.020 0.00.018 And47.55 53.055.500.990 0.00.016 And60.67 63.452.780.702 0.00.023 And78.00 81.863.860.857 0.00.042 And 155.45166.73 11.281.075 4.10.314 N18-19 85.00 95.50 10.501.644 0.00.187 N18-20 52.21 72.00 19.790.408 0.00.029 And93.00106.95 13.950.091 0.20.162 And 134.48152.04 17.560.438 0.00.038 And 193.33206.12 12.790.752 1.30.124 N18-21 37.00 38.101.101.590 0.00.046 And94.00 98.004.000.588 0.00.017 And 164.45184.00 19.550.488 0.00.011 And 192.03196.003.970.553 0.00.010 * Length/interval refers to drill hole intercept. True widths have not been determined.
Methods and qualified person
Drill core samples ranged between one metre and two metres in length and were cut at Triumph's core logging facility on the Freegold Mountain property. The samples were analyzed by SGS Canada of Vancouver, B.C. They were prepared for analysis according to SGS method PRP89: Each sample was crushed to 75 per centpassing two millimetres and a 250-gram split was pulverized to better than 85 per centpassing 75-micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30-gram nominal sample (method GE FAA313) and samples that tested over 10 grams per tonne gold were retested using a 30-gram nominal sample and gravimetric analysis (method GO FAG303). An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B), overlimit samples for copper were retested using the same technique but with assay-grade four-acid digestion and a higher range of detection (method GA AAS42S). Quality assurance/quality control is maintained at the lab through rigorous use of internal standards, blanks and duplicates. An additional quality assurance/quality control program was administered by Triumph Gold: At minimum, three quality control samples, consisting of blanks, certified reference standards and duplicates, were blindly inserted into each 75-sample batch. Quality assurance/quality controlsamples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed quality assurance/quality control sample.
The technical content of this news release has been reviewed and approved by Dr. Tony Barresi, PhD, PGeo, vice-president, exploration, for the company, and a qualified person as defined by National Instrument 43-101.
About Triumph Gold Corp.
Triumph Gold is a growth-oriented Canadian-based precious metal exploration and development company. Triumph Gold is focused on creating value through the advancement of the district-scale Freegold Mountain project in Yukon.
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