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Trifecta Gold Announces Conditional Approval for Listing on TSX Venture; Announces 2017 Exploration Plans for White Gold District Projects
VANCOUVER, B.C., May 30, 2017 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (“Trifecta”) is pleased to announce that it has received conditional approval for the listi
About this update from Trifecta Gold Ltd.
[{"type":"text","content":"VANCOUVER, B.C., May 30, 2017 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (“Trifecta”) is pleased to announce that it has received conditional approval for the listing of its common shares on the TSX Venture Exchange (the “Exchange”), subject to Trifecta satisfying all of the balance of the Exchange’s conditions for listing. Trifecta was formed via a plan of arrangement by Strategic Metals Ltd. (TSX-V:SMD). Upon commencement of trading, Trifecta will have 23,150,001 shares outstanding and will have no unexercised warrants or options. Trifecta has interests in four highly prospective projects within the White Gold District of the Dawson Range Gold Belt in western Yukon. “Trifecta has an energetic and knowledgeable team ready to aggressively explore four extremely prospective projects in one of the hottest precious metals districts in Canada,” stated Dylan Wallinger, Trifecta’s President and Chief Executive Officer. “Trifecta has multi-year land use permits for large-scale exploration programs on two road-accessible projects and, pending favourable results and the raising of additional financing, expects to work at one or both of these projects late into the fall.” Subject to Trifecta raising additional financing subsequent to listing, work is planned on all four of its projects during summer and fall 2017, with drilling programs planned on the Eureka and Trident properties. The projects and proposed Phase I work programs are briefly described below. Eureka The wholly-owned and road accessible Eureka project is located in the legendary Klondike Goldfields. It lies 110 km by road south of Dawson City, approximately 50 km north of White Gold Corp.’s White Gold Deposit, and the proposed haulage route for Goldcorp’s Coffee Deposit runs directly through the property. Gold on the Eureka property is hosted in a series of gently to moderately dipping breccia zones that are partially delineated by mineralized trenches and drill holes. A 6 km long by up to 2 km wide gold-in-soil geochemical anomaly has been outlined and creeks draining the property are prolific placer gold producers. Drilling has identified bulk tonnage (0.59 g/t gold over 18.3 m) and high grade (9.99 g/t gold over 1.5 m) targets. Trifecta will begin diamond drilling in June at the Eureka property to test beneath and along strike o...