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Triumph Gold Announces the Discovery of Two New Gold-Copper Showings And Completion of the 2018 Field Season
VANCOUVER, British Columbia, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to
About this update from Triumph Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce that the 2018 exploration season, on the company’s 100% owned, road accessible, Freegold Mountain property, which began in late March, is now complete. In addition to making numerous long, high-grade and gold-rich drill intersections during the 2018 season (summarized below) two new, at surface, mineral showings were discovered, the Drone Zone showing, and the Maximus II showing. Two New ShowingsTwo new gold (Au) - copper (Cu), (zinc-lead) (Zn-Pb) showings have been discovered on the Freegold Mountain property. Both showings were discovered as a result of local placer mining operations where surficial deposits of gravel were removed exposing previously buried mineralized bedrock (Figure 1). The Drone Zone is exposed over an approximately 100 by 25 metre area in Mechanic Creek, 500 metres east of high-grade drill intercepts in the Nucleus gold deposit, and 500 metres west of drill holes that intersected the Keirsten Zone porphyry system. The zone is open in all directions and has never been drilled or previously explored. The mineralized body covers the entire area of exposure, and consists of granite hosting large xenoliths of biotite schist, and cross-cut by irregular quartz-feldspar-porphyry bodies and thick gouge-rich faults. Mineralization comprises disseminated sulfides and quartz-sulfide veins with pyrite, chalcopyrite, and lesser arsenopyrite and bismuthinite. In one location a sample from locally sourced rock debris contained abundant visible gold. The proportion of chalcopyrite to pyrite increases with proximity to the quartz feldspar porphyry dykes and to the faults. The zone was systematically chip sampled and grab samples were collected from select locations, assays are in progress. The Maximus II Showing was discovered in a newly exposed placer mining cut in Happy Creek, located approximately one kilometre to the northeast of drilling that intersected high-grade gold-rich mineralization at the Blue Sky Porphyry (e.g. news releases PR18-08 dated August 23 & PR 18-09, dated September 12). The Maximus II showing consists of multiple thick (up to one metre estimated true width) domains of dense ...