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Trifecta Gold Announces 2017 Exploration Results from Eureka, Triple Crown and Treble Properties
VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta” or the “Company”) is pleased to announce the results fr
About this update from Trifecta Gold Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta” or the “Company”) is pleased to announce the results from 2017 exploration programs at its wholly-owned Eureka, Triple Crown and Treble properties in the Dawson Range Gold Belt of western Yukon. “Results from the 2017 exploration programs on our wholly-owned Yukon properties are very encouraging and the Company looks forward to building on these advancements in 2018,” stated Dylan Wallinger, Trifecta’s President and Chief Executive Officer. “We have successfully expanded known anomalies and have identified high quality drill targets.” Eureka Trifecta’s road accessible Eureka property is located in the legendary Klondike Goldfields, 110 km by road south of Dawson City. It lies directly on the proposed haulage road for Goldcorp’s Coffee Deposit, between Klondike Gold Corp.’s Klondike project and White Gold Corp.’s Black Hills property. Eureka is underlain by metasedimentary rocks belonging to the Yukon-Tanana Terrane and has never been glaciated. The property straddles the headwaters of Black Hills and Eureka creeks, two of the most productive placer creeks in the southern part of the Klondike Goldfields with reported gold production totaling about 200,000 ounces between 1978 and 2016. There are five known mineral showings on the Eureka property, three of which are drill-ready targets, and all of which appear to host gold in a series of gently to moderately dipping breccia zones that have been partially delineated by mineralized trenches and drill holes. Historical work on the property includes: mapping; prospecting; soil sampling; hand and mechanized trenching (5818 m in 38 trenches); ground and airborne geophysical surveying; reverse circulation (RC) drilling (4174 m in 41 holes); and diamond drilling (1188 m in 8 holes). Highlight results from drilling include a bulk tonnage intercept of 0.59 g/t gold over 18.3 m, and a high grade intercept of 9.99 g/t gold over 1.5 m. Soil sampling in 2017 expanded a previously outlined 6 km long by up to 2.5 km wide northwesterly-elongated gold-in-soil geochemical anomaly to the northwest and southeast by 1000 m in each direction, increasing its length to 8 km. Four hundred and forty-three soil samples were collected in 2017, with anomalous v...