January 22, 2018 TSX.V: TIG
PR # 18-03 OTCMKTS: TIGCF
Triumph Gold Reports Discovery of Two New Gold Showings on 100% Owned Andalusite Peak Property, British Columbia
Vancouver, British Columbia: January 22, 2017. Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: NFRGF) (“Triumph Gold” or the “Company”) is pleased to announce the results of prospecting and geological mapping on the Andalusite Peak property. Highlights of exploration include:
- Discovery of two new gold-silver-copper occurrences, the Julep and the Gentleman vein (Figure 1, Table 1).
- The Julep showing consists of a feldspar porphyritic mafic intrusion with disseminated clots and veins of tetrahedrite, chalcocite and secondary malachite and azurite. It was grab sampled in two locations 21 metres apart. Sample E446453 graded 1.18 grams/tonne (g/t) Au, 11.2 g/t Ag and 1.135% Cu, sample E446454 graded 21.1 g/t Ag and 2.72% Cu. The size and geometry of the showing was not fully mapped, and it remains open.
- The Gentleman vein consists of an up to 20 cm thick chalcopyrite rich quartz-carbonate-magnetite-sulfide vein, with strongly altered and mineralized selvages. The vein was grab sampled in two locations 17 metres apart: Sample I044403 graded 1.84 g/t Au, 17.3 g/t Ag and 2.25% Cu, Sample E446455 graded 0.459 g/t Au, 2.4 g/t Ag and 0.163% Cu. The vein was identified where it crosses a mountain-top saddle. It remains open to the northwest and southeast.
- Alteration mapping, aided by the collection and analysis of 67 near-infrared reflectance (TerraSpec) samples, verified that the property has been affected by intense phyllic to advanced argillic alteration over an approximately 2 X 2 kilometre area, constituting one of the largest and most intense alteration zones in northern British Columbia.
Table 1 Geochemical Results from Mineralized Samples* at Andalusite Peak
|NAD83 Zone 9||g/t||g/t||%|
About the Andalusite Peak Property
The Andalusite Peak property was acquired by staking in January 2017. It is located in northwestern British Columbia 65 km north of the Red Chris Cu-Au mine, 20 km west of BC highway 37, and 7 km south of the Kutcho Creek mining road. The property covers an alteration “blow-out” in the center of a 27-kilometer-long belt of strongly altered rock that was identified and mapped in 2016 by BC Geological Survey geologist Bram van Straaten. Two similar alteration blowouts are known along the belt and both represent important exploration properties: 1) the Tanzilla property, 11 km to the northwest of Andalusite Peak, is owned by Kaizen Discovery and was optioned to Freeport McMoRan between 2013 and 2015, and 2) Teck Resources’ McBride property is 12 km to the southeast of Andalusite Peak. On these properties, porphyry-style mineralization has been identified within and beneath the alteration lithocap. Only one historical record of exploration on the Andalusite Peak property exists (BC assessment report 30590); in the report, the intensity of the alteration was noted and the discovery of an outcrop containing massive coarse andalusite was documented. The presence of andalusite on the property indicates that it has experienced higher temperature and more intense alteration than any other location along the 27 km belt.
Paul Reynolds, Triumph Gold’s President and CEO comments “The Andalusite Peak property was staked based on the presence of an intense alteration blow-out similar to others within the district that are host to significant mineral occurrences. However, prior to our work, no mineralization had ever been discovered on the property. In one year this property went from a highly speculative exploration concept to an exploration reality with the identification of two new gold-copper occurrences. We are eager to follow up on these exciting new discoveries and to continue to explore the Andalusite Peak Property.”
* Grab samples are selective in nature and the resulting assays may not be representative.