New Article In Northern Minor https://www.northernminer.com/news/far-north-snapshot-eight-companies-to-watch-in-the-north/1003816065/
J 103
Triumph Gold
Triumph Gold’s (TSXV: TIG) flagship property is the 200-sq.-km Freegold Mountain copper-gold project in Yukon. The road accessible site features three deposits with additional porphyry and epithermal zones and showings.
Freegold Mountain, within the Dawson Range gold belt, includes portions of the Big Creek Fault System, which provides pathways for epithermal mineralization and transports porphyry intrusions upwards.
In February, the company released updated resources for the Nucleus, Revenue and Tinta deposits. Total indicated resources for Nucleus and Revenue stand at 42.4 million tonnes grading 0.73 gram gold-equivalent for a total of 1 million gold-equivalent ounces. Additional inferred resources across Nucleus, Revenue and Tinta total 39 million tonnes at 0.86 gram gold-equivalent for 1.1 million gold-equivalent ounces.
Nucleus and Revenue are the two most advanced deposits within Freegold Mountain. They are within a 6-km long gold and copper soil geochemical anomaly, where drilling over the past three years intersected porphyry and epithermal-related mineralization. Triumph has identified additional targets within the anomaly.
Last year’s drilling at the Blue Sky porphyry target within the 6-km soil anomaly intersected 304 metres grading 0.64 gram gold, 5.9 grams silver and 0.23% copper. In addition, the WAu Breccia porphyry target within the soil anomaly returned 602 metres of 0.67 gram gold, 5.2 grams silver and 0.19% copper. The mineralization has been traced over 130 metres of strike and remains open.
Additional discoveries within the soil anomaly include the Drone, Guder and Granger zones. Within the greater 200-sq.-km property, prospects include the 2-km long Irene-Goldstar epithermal gold-silver corridor.
This year, Triumph plans to use 3D geophysical modelling to target high-grade zones and to vector into the core of the porphyry system.
Newmont (TSX: NGT, NYSE: NEM) holds an 18% stake in the company.
Triumph Gold has a $17.7-million market capitalization.