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Be the first with the news that moves the market- Triumph Gold (TIG) has completed the field-based portion of its 2020 exploration program at the Freegold Mountain Project in Yukon
- The fully-funded program was launched on August 1 and focused on testing near-surface gold targets in the Nucleus-Revenue and Mount Freegold areas
- Nine diamond drill holes totalling 2,068.52 metres were completed, along with minor trenching and reconnaissance sampling work
- New zones of mineralisation are now being modelled, with positive drill results to be followed-up in the spring of 2021
- Triumph Gold (TIG) is currently up 3.51 per cent and is trading at C$0.30 per share
Triumph Gold (TIG) has completed the field-based portion of its 2020 exploration program at the Freegold Mountain Project in Yukon.
Located in the prolific Dawson Range, the project hosts three mineral deposits and covers a substantial section of the Big Creek Fault Zone, which is considered directly related to gold and silver mineralisation as well as porphyry copper mineralisation.
The Vancouver-based company launched the fully-funded program at the start of August this year, which focused on testing near-surface gold targets at both the Nucleus-Revenue and Mount Freegold areas.
While the program was completed largely as planned, access to the Irene-Goldstar Corridor and the Melissa Zone was limited due to unusually high levels of rainfall.
All up, nine diamond drill holes were completed over a total of 2,068.52 metres, along with minor trenching and reconnaissance sampling.
John Anderson, Chairman and CEO of Triumph Gold, said it was a productive and successful program despite a number of unprecedented challenges.
“The program focused on greenfield, near-surface gold targets which coupled with a strong gold market should unlock additional value for our shareholders.,” he added.
Jesse Halle, Vice President of Exploration, reiterated John’s sentiments, saying he looks forward to receiving the assay results – which have now been submitted for analysis – and the expanded exploration program next year.
“The Freegold Mountain Project continues to show its exploration up-side with every drill hole and new surface exposure, even in the greenfield locations, displaying eye-opening alteration and mineralisation,” he concluded.
The assay results are expected to be received in the next few months. New zones of mineralisation are also being modelled, with positive drill results to be followed-up in the spring of 2021.
Triumph Gold (TIG) is currently up 3.51 per cent and is trading at C$0.30 per share at 11:57am.
