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Trifecta Gold Commences Trading on TSX Venture; Announces 2017 Exploration Programs
VANCOUVER, British Columbia, June 15, 2017 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta” or the “Company”) announces that it has successfully co
About this update from Trifecta Gold Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, June 15, 2017 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta” or the “Company”) announces that it has successfully completed a Plan of Arrangement (the “Arrangement”) with Strategic Metals Ltd. (“Strategic”), pursuant to which Strategic has distributed a total of 19,872,254 common shares to Strategic’s shareholders pursuant to the Arrangement, in conjunction with the listing of Trifecta’s common shares on the TSX Venture Exchange (the “Exchange”). In this regard, Trifecta’s common shares commence trading on the Exchange today, June 15, 2017, under the trading symbol “TG”. Strategic continues to hold 2,127,747 Trifecta common shares for investment purposes, representing 9.19% of the 23,150,001 common shares of Trifecta currently issued and outstanding. Figure 1. Mineral Claim Owners, Dawson Range Gold Belt Of Trifecta’s currently issued and outstanding share capital, 22,000,001 shares are free of any resale restrictions. Trifecta has also issued a total of 1,150,000 common shares to two arm’s-length property optionors, all of which shares are subject to a hold period which expires on October 16, 2017. “We are very pleased to begin trading today,” stated Dylan Wallinger, Trifecta’s President and Chief Executive Officer. “Once a trading range for the Company’s shares has been established, we expect to arrange additional financing to accelerate exploration at our projects in Yukon’s White Gold District.” Trifecta’s projects and proposed 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 directly on the proposed haulage road for Goldcorp’s Coffee Deposit. 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 by previous operators 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, with depths of oxidation exce...