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Trifecta Gold Samples 150 g/t Gold and Expands Land Package at Yuge Property, Nevada
VANCOUVER, British Columbia, June 21, 2018 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta”) is pleased to announce results from initial exploratio
About this update from Trifecta Gold Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, June 21, 2018 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta”) is pleased to announce results from initial exploration work on the Yuge property with partner Silver Range Resources Ltd. (TSX-V:SNG). The Yuge property is located in Humboldt County, northern Nevada, approximately 55 km south of Denio in the Varyville Mining District. The property covers the historical Columbia and Juanita Mines, which produced high-grade gold on a small scale between 1870 and 1937 from strong veins located more than 1,000 m apart within the same structural corridor. Historical mining only extended down to the bottom of the oxidized zone. Diamond drilling by previous operators below the Columbia workings produced a true-width sulphide intersect, which graded 9.70 g/t gold over 3.3 m starting 49 m below surface. This drilling was conducted in 1981 and no drilling has been completed since. A successful reconnaissance program conducted in late April and early May focused on three zones – Columbia, Juanita and Josie. A total of 68 rock geochemical samples and 25 soil geochemical samples were collected during the program. Thirty-five of the 68 rock and/or chip samples collected returned greater than 1 g/t gold. Significant rock sample results are listed below and a map showing their locations is available on Trifecta’s website. Columbia – 150, 75.4, 34.9, 10.5, 7.4, and 7.13 g/t gold Juanita – 11.4, 6.35, and 5.85 g/t gold Josie – 86.1, 45.2, 42.2, 36.2, 25.7, 21.6, 16.7, 13.1, and 5.49 g/t gold “Results from our preliminary work at Yuge are very positive and justify further work,” stated Dylan Wallinger, Trifecta’s President and Chief Executive Officer. “We have confirmed the presence of high-grade gold mineralization at and surrounding the historical mines. Due to the near absence of outcrop, we have not yet determined the limits of the mineralized system.” Gold mineralization occurs with sulphides (arsenopyrite and pyrite) or their weathered products (scorodite and iron oxides). Only minor amounts of quartz or silica accompany the mineralization. The veins are found in fault/shear zones that cut andesites, andesitic epiclastics and diorites, but seem to be best developed within and on the margins of mapped diorite intrusions...