Triumph Gold

V.TIG, Triumph Gold, gold, YukonTriumph Gold’s (V.TIG | OTC.TIGCF | Frankfurt 8N61) Freegold Mountain project is located in the Dawson Range and covers a highly prospective section of the Big Creek fault zone. The project is endowed with three significant mineral deposits. This includes the Nucleus Au deposit, the Revenue Cu-Au-Mo-Ag deposit and the Tinta Hill poly-metallic vein system, as well as numerous other gold showings.

For more information see Triumph’s website here

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Triumph Gold Reports Results from Drilling of the Nucleus Au-Ag-Cu Deposit, Freegold Mountain Property, Yukon Territory

Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the results from 4,159 metres of diamond drilling, in twenty-one holes, conducted in the Nucleus gold, silver, copper (Au-Ag-Cu) deposit area. Highlights of the 2018 Nucleus drill program include:

  • Four high-grade gold intersections:
    — 19.8 grams per tonne (g/t) gold (Au) over 0.84 metres*** (m) in N18-06 (39.62 – 40.46m)
    — 15.93 g/t Au over 1.00 metre*** in N18-17 (150.00 – 151.00m)
    — 13.67 g/t Au over 1.67 metres*** in N18-04 (28.51 – 30.18m)
    — 9.13 g/t Au over 2.00 metres*** in N18-16 (106.00 – 108.00m)
  • Mineralized intervals from sixteen of the twenty-one holes drilled in 2018 returned gold grades that exceed the average grade (0.544 g/t Au) of the current inferred mineral resources estimated in December 2014*. Examples include:
    — 1.196 g/t Au over 45.19 metres*** in N18-08 (19.81 – 65.00m)
    — 1.184 g/t Au over 59.50 metres*** in N18-17 (149.00 – 208.50m)

Highlighted intersections are noted below in Table 1, a full list of significant intersections is contained in Table 2, and the location and orientation of the drill holes are listed in Table 3 and displayed on Figure 1.

Table 1 – Highlighted results from 2018 Diamond Drilling at the Nucleus Au-Ag-Cu Deposit
Drill HoleFromToLength***AuAgCu
 metremetremetreg/tg/t%
N18-0138.1051.8213.720.9660.90.040
N18-0423.0935.0511.963.0301.90.307
Including28.5130.181.6713.67010.00.542
N18-0638.1051.3013.201.9800.40.146
Including39.6240.460.8419.8000.00.164
N18-082.04150.11148.070.6190.10.046
Including19.8165.0045.191.1960.10.052
N18-16106.00108.002.009.1300.00.120
N18-17149.00208.5059.501.1841.60.081
Including150.00151.001.0015.9305.00.551
Also Inc.166.00176.0010.003.2127.00.227
N18-18155.45166.7311.281.0754.10.314
N18-1985.0095.5010.501.6440.00.187

The 2018 drill program at Nucleus was designed to optimize a future pit-constrained estimate of mineral resources by targeting:

  1. Near-surface mineralized areas that had insufficient drill density to support estimates of mineral resources.
  2. Near-surface mineralized areas where additional delineation drilling could facilitate upgrading of Inferred mineral resources to an Indicated category.
  3. Areas prospective for high-grade mineralization.

Triumph Gold Corp. has contracted SIM Geological Inc. to provide updated estimates of mineral resources for the Nucleus, Revenue and Tinta deposits, to be completed in 2019. All three deposits are located on Triumph Gold’s 100% owned, road accessible, two hundred square kilometre Freegold Mountain property, Yukon Territory. The updated resource estimate at Nucleus will incorporate all drill results prior to 2014, the results from sixteen holes completed in 2017 (press release PR18-01, dated January 18, 2018), as well as 4,159 metres of diamond drilling, in twenty one holes, conducted in 2018 (as described in this news release).

Table 2 Significant Results from 2018 Diamond Drilling at the Nucleus Au-Ag-Cu deposit
Drill HoleFromToLength***AuAgCu
 metremetremetreg/tg/t%
N18-0122.8669.0046.140.4550.60.076
Including38.1051.8213.720.9660.90.040
And206.00216.0010.000.2130.40.111
N18-0287.2089.001.801.2303.00.019
And107.00111.004.000.6030.00.056
N18-0325.0075.0050.000.5150.00.025
And193.00195.002.001.0200.00.007
N18-0423.0935.0511.963.0301.90.307
Including28.5130.181.6713.67010.00.542
And62.0072.0010.000.4810.00.061
N18-053.3016.5013.200.6500.00.022
And180.00181.201.206.8800.00.017
N18-0638.1051.3013.201.9800.40.146
Including39.6240.460.8419.8000.00.164
And94.0096.012.012.0300.00.113
N18-072.7021.3318.630.4220.00.024
And158.00177.0919.090.2560.50.134
N18-082.04150.11148.070.6190.10.046
Including19.8165.0045.191.1960.10.052
N18-0919.0077.7258.720.3890.10.059
N18-1036.4938.001.511.2800.00.020
And111.00113.002.001.4000.00.031
And137.00146.309.300.3801.30.099
N18-11No Significant Results
N18-1241.0051.0010.000.5160.00.044
And80.1581.151.002.2103.00.015
N18-1316.4018.361.961.5500.00.043
And38.6745.727.050.5741.10.007
And125.00129.824.821.1240.00.077
N18-1457.0072.6015.600.3720.30.087
And85.0097.0012.000.3480.00.017
N18-1581.7683.001.241.1100.00.004
And155.00158.003.000.4270.00.047
And194.50201.476.970.4151.10.055
N18-1613.7217.944.221.0370.00.019
And98.72189.0090.280.5350.30.085
Including106.00108.002.009.1300.00.120
N18-1767.5072.004.500.4520.00.018
And82.0086.004.002.2950.00.055
And115.00119.004.000.7900.00.023
And149.00208.5059.501.1841.60.081
Including150.00151.001.0015.9305.00.551
Also Inc.166.00176.0010.003.2127.00.227
N18-1836.5838.101.523.0200.00.018
And47.5553.055.500.9900.00.016
And60.6763.452.780.7020.00.023
And78.0081.863.860.8570.00.042
And155.45166.7311.281.0754.10.314
N18-1985.0095.5010.501.6440.00.187
N18-2052.2172.0019.790.4080.00.029
And93.00106.9513.950.0910.20.162
And134.48152.0417.560.4380.00.038
And193.33206.1212.790.7521.30.124
N18-2137.0038.101.101.5900.00.046
And94.0098.004.000.5880.00.017
And164.45184.0019.550.4880.00.011
And192.03196.003.970.5530.00.010
Table 3 Location and Orientation of Nucleus Drill Holes, 2018
Hole IDEasting**Northing**AzimuthInclinationDepth
N18-013794586913881000-60225.55
N18-023794586913967000-60127.71
N18-033795316913586000-60260.60
N18-043795486913260000-60201.78
N18-053793586913559000-60199.64
N18-063795036913272000-60268.22
N18-073793546913688000-60206.96
N18-083793706913930000-50200.86
N18-093794136913298000-50200.86
N18-103791716913911000-60157.96
N18-113790946913776000-60104.55
N18-123793656913314000-50201.47
N18-133790286913779000-60203.96
N18-143793566913400000-50152.42
N18-153789996913646000-60201.47
N18-163792796913531000-55220.98
N18-173791546913695000-70210.62
N18-183792066913565000-50201.17
N18-193792746913629000-65201.47
N18-203791476913585000-60208.48
N18-213790896913601000-60201.78

Notes:

* Campbell, J., Sexton, A., Armitage, A., Studd, D., (effective date December 15, 2014, publication date February 28, 2015): Technical Report on The Freegold Mountain Project, Yukon Canada, Resource Estimates. 43-101Techincal Report. www.sedar.com 

** Coordinates are given in North American Datum 83 (NAD83), Zone 8.

*** Length/interval refer to drill hole intercept. True widths have not been determined.

Methods and Qualified Person

Drill core samples ranged between 1 and 2 metres length and were cut at Triumph’s core logging facility on the Freegold Mountain Property. The samples were analyzed by SGS Canada of Vancouver, British Columbia. They were prepared for analysis according to SGS method PRP89: each sample was crushed to 75% passing 2mm and a 250g split was pulverized to better than 85% passing 75 micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30g nominal sample (method GE FAA313), and samples that tested over 10 g/t Au were retested using a 30g nominal sample and gravimetric analysis (method GO FAG303). An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B), over limit samples for copper were retested using the same technique but with assay grade four acid digestion and a higher range of detection (method GA AAS42S). Quality assurance and control (QAQC) is maintained at the lab through rigorous use of internal standards, blanks and duplicates. An additional QAQC program was administered by Triumph Gold: at minimum three quality control samples, consisting of blanks, certified reference standards and duplicates, were blindly inserted into each 75 sample batch. QAQC samples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed QAQC sample.

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon. For maps and more information, please visit our website www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/268a441a-d1cd-44c5-90a8-1bccbed24163

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Triumph Gold: The Geology

Tony Barresi, VP Exploration at Triumph Gold, sets the geological stage for the company’s Freegold property in the Yukon.

We’re expecting a steady news flow from Triumph and that news will make a lot more sense if you’ve watched this video.

 

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Triumph Gold Purchases Royalty Interest in Golden Revenue Claims

Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the purchase of a 2% Net Smelter Return (the “NSR”) interest in the Golden Revenue property, which is wholly contained within the Company’s 100% owned, road accessible Freegold Mountain Property, YT. With this purchase, a critical 9.9 sq. km portion of the Freegold Mountain property, centered over the Blue Sky-Revenue-Nucleus area, is now unencumbered by any royalties (Figure 1).

The NSR relates to 69 claims forming the original Golden Revenue property and was purchased from the original property owner for $100,000. The claims are centered over the Revenue Au-Ag-Cu-Mo deposit and extend approximately three kilometres west, covering one half of the Nucleus Au-Ag-Cu deposit, and one kilometre east, covering the recently delineated WAu Breccia and a portion of the newly discovered high-grade, gold-rich Blue Sky porphyry; they also include the recently discovered Drone Zone (PR18-11, October 16, 2018). Highlights from drilling within the original Golden Revenue property include:

  • RVD18-17 with 125.13 metres of 1.24 g/t Au, 7.0 g/t Ag, 0.31% Cu and 0.01% Mo (310.47 – 435.60m) contained within 202.10 metres of 0.87 g/t Au, 5.8 g/t Ag, 0.26% Cu and 0.01% Mo (287.00 – 489.10m) in the Blue Sky Zone.
  • RVD18-03 with 72 metres of 0.54 g/t Au, 13.7 g/t Ag, 0.30% Cu and 0.01% Mo (60.00 – 132.00m) contained within 180 metres of 0.31 g/t Au, 5.7 g/t Ag, 0.16% Cu and 0.02% Mo (52.00 – 232.00m), in the WAu Breccia.
  • RVD17-14 with 7 metres of 15.0 g/t Au (129 – 136m), in the Guder Zone.
  • GRD08-099 with 9.36 metres of 70.19 g/t Au (109.64 – 119.00m) including 1.27 metres of 410.00 g/t Au (113.28 – 114.55m) at Nucleus.

The purchase of this royalty reduces the NSR in most of the Nucleus – Revenue – Blue Sky area to zero percent. The remainder of the Freegold Mountain property has underlying NSR’s ranging from one to three percent, all of which may be bought down to one percent at any time.

Executive Chairman’s Comment

John Anderson, Triumph Gold’s Executive Chairman, comments, “With the recent drilling success at Revenue East and the Blue Sky zone, we thought it imperative to purchase this royalty interest. This should have a significant positive impact on any future economic studies.”

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company.  Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.  For maps and more information, please visit our website www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com).  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f67cb934-e46f-4656-bdeb-77edc242977f

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Triumph Gold Announces the Discovery of Two New Gold-Copper Showings And Completion of the 2018 Field Season

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 Showings
Two 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 veining and vein breccias with polymetallic mineralization that are exposed discontinuously over 70 metres strike length and are open in all directions.  Thick zones of carbonate-quartz-sulfide altered metamorphic wallrock surround the veins and breccias.  Sulfides consist of pyrite and arsenopyrite with lesser sphalerite, galena and chalcopyrite.  Where exposed, the Maximums II was systematically channel and chip sampled and grab samples were collected from select locations, assays are in progress.

Tony Barresi, Triumph Gold Corp.’s Vice President of Exploration comments, “The six kilometre long multi-element soil anomaly that encompasses the Revenue-Nucleus-Blue-Sky Zone is cut by five creeks, all of which have active or historical placer mining; this speaks not only to the sheer amount of gold that is eroding out these hills, but also to the increased likelihood of exposing a bedrock source of the gold through active placer mining.  We are in the unusual and enviable situation where a number of active placer (surficial) mining and exploration operations are supporting our bedrock exploration efforts.  We are grateful to the placer miners who generously alert us to the presence of newly uncovered mineralized bedrock.”

Triumph Gold Completes 2018 Fieldwork on Freegold Mountain Property

The exploration season on Triumph Gold’s Freegold Mountain Property began on March 21st, and was completed on Wednesday October 3rd.  The work conducted on the property included:

  • 17,566 metres of diamond drilling, in 74 drill holes, testing six areas: Revenue East, Blue Sky Zone, Nucleus, Granger, Guder, and Irene.
  • 1,100 metres of trenching that tested four areas: Blue Sky Zone, Guder, Granger and Cabin.
  • Soil sampling over a 4.3 square kilometre area (925 samples).
  • An IP-DC-MT geophysical survey over the entire Nucleus-Revenue-Blue-Sky soil anomaly (≈30 line kilometres).
  • A ground magnetic survey over Revenue East and the Blue Sky zone (≈50 line kilometres).
  • Extensive prospecting in the Nucleus-Revenue-Blue-Sky area, leading to the discoveries of the Drone Zone and Maximus II showings (see above).

Highlights of 2018 Exploration to Date:

During the year to date, Triumph’s exploration program has:

  • Delineated a zone of high-grade, gold-rich porphyry mineralization in the Blue Sky Zone with six drill holes (e.g. RVD18-19 with 316.00 metres*** of 1.79 grams per tonne (g/t) gold equivalent (AuEq*) including 79.75 metres of 3.34 g/t AuEq*) (news releases PR18-08 dated August 23 & PR 18-09 dated September 12).
  • Intersected gold-rich breccia mineralization in the WAu Breccia with five drill holes, defining high-grade mineralization over a 130 metre strike length and to a depth of 200 metres (e.g. RVD18-08 with 128.00 metres*** of 1.27 g/t AuEq*. and RVD18-28 with 43.02 metres*** of 1.50 g/t AuEq*) (news release PR18- 07 dated July 31).
  • Defined mineralisation on the little-tested eastern side of the Revenue Diatreme (e.g. RVD18-02 with 44 metres*** of 1.08 g/t AuEq*) (news release PR18- 07 dated July 31).

Future 2018 news releases will include results from exploration drilling in the Guder (1,352 metres) and Granger (1,014 metres) zones, exploration and resource drilling at Nucleus (4,159 metres), and inaugural drilling of the Irene epithermal vein (1,369 metres).  Results of trenching, prospecting, soil sampling, and geophysical programs are also pending.

Notes:

* Gold equivalent [AuEq], and copper equivalent [CuEq] are used for illustrative purposes, to express the combined value of gold, silver, molybdenum and copper as a percentage of gold or copper.  No allowances have been made for recovery losses that would occur in a mining scenario.  AuEq and CuEq are calculated on the basis of US$3.00 per pound of copper, US$16.00 per pound of molybdenum, US$1,250 per troy ounce of gold and US$16.00 per troy ounce of silver. 

** Coordinates are given in North American Datum 83 (NAD83), Zone 8.

*** Length/interval refer to drill hole intercept.  True widths have not been determined.

Qualified Person

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company.  Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.  For maps and more information, please visit our website www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com).  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e31dd318-032c-4a7d-a3ed-0cd25280fa4c

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Triumph Gold Commences Deep Penetrating Geophysical Surveys over the Blue-Sky, Revenue and Nucleus Area Targeting a Buried Causative Porphyry

Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the September 15th start of a geophysical program on its road accessible, 100% owned, Freegold Mountain property. The geophysical program encompasses the entire length of a multi-element soil anomaly that surrounds the Blue Sky, Revenue and Nucleus areas (Figure 1). The program is being conducted by SJ Geophysics and will include resistivity (DC), induced polarization (IP), magnetotelluric (MT), and ground magnetic surveys. The configuration of the IP survey is designed to provide data to a depth of 700 metres and the MT survey extends the depth of investigation to approximately 1,200 metres. The DC, IP and MT surveys will cover approximately 30 line-kilometres, with three 7 km long lines running the length of the soil anomaly from NW to SE, and three approximately 3 km long lines running across the Blue Sky Zone in a N-S orientation (Figure 1). The survey is expected to be complete by October 5 and will require several weeks for further data processing before final results will be delivered to the company.

Follow Hyperlink to Figure 1.

Age dating by the Mineral Deposit Research Unit (UBC), Yukon Geological Survey and other researchers has demonstrated that the newly discovered high-grade, gold-rich mineralization in the Blue Sky Zone (e.g. 316 m of 1.79 g/t AuEq* in RVD18-19, PR18-09) and WAu breccia (e.g. 128m of 1.27 g/t AuEq* in RVD18-08, PR18-07), as well as epithermal gold mineralization in the Nucleus area, are at least 30 million years younger than their host rocks. Therefore, the intrusive bodies, which are the cause of the mineralization, have yet to be discovered. The geophysical surveys are designed to test for an underlying intrusion that was a driver for the widespread and intense hydrothermal systems responsible for the near-surface mineralization. The surveys extend across, and up to 500 metres beyond, the full length of the six kilometre soil anomaly that encompasses the Blue Sky Porphyry, WAu breccia, Revenue, Nucleus, and numerous other showings. The length of the survey lines (7 km), and the dipole spacing (200 or 300 m), are optimized to test beneath the known, at- or near-surface zones of mineralization, to relate them to an underlying and potentially well mineralized source.

Tony Barresi, Triumph Gold Corp’s Vice President of Exploration comments: “This year’s discovery of very high-grade gold-rich porphyry style mineralization in the Blue Sky Zone has reinforced our hypothesis that the entire 6 kilometre long Revenue-Nucleus area soil anomaly is underlain by a buried causative intrusion that is responsible for all of the near-surface mineralization. If the size and pervasiveness of mineralization near surface is any indication, there could be something exceptionally large and well mineralized at depth. These geophysical surveys will be first order exploration tools as we embark on an elephant hunt.”

Notes:

* Gold equivalent [AuEq], and copper equivalent [CuEq] are used for illustrative purposes, to express the combined value of gold, silver, molybdenum and copper as a percentage of gold or copper. No allowances have been made for recovery losses that would occur in a mining scenario. AuEq and CuEq are calculated on the basis of US$3.00 per pound of copper, US$16.00 per pound of molybdenum, US$1,250 per troy ounce of gold and US$16.00 per troy ounce of silver. 

** Coordinates are given in North American Datum 83 (NAD83), Zone 8.

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon. For maps and more information, please visit our website www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Triumph Gold Announces Three Additional Gold-Rich Drill Intersections from Blue Sky Porphyry Highlighting RVD18-19 with 316.00 metres of 1.79 grams per tonne (g/t) Gold Equivalent* including 79.75 metres of 3.34 g/t Gold Equivalent* with 2.5 grams per tonne Gold and 0.38% Copper

Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce further delineation of gold-rich porphyry-style mineralization in the Blue Sky Zone on their 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory.  Highlights from follow-up drilling of the Blue Sky Porphyry include:

  • RVD18-19 with 316.00 metres of 1.10 grams per tonne (g/t) gold (Au), 0.27% copper (Cu), 5.0 g/t silver (Ag), and 0.02% molybdenum (Mo) (196.00 – 512.00m), including 79.75 metres of 2.48 g/t Au, 0.38% Cu, 6.9 g/t Ag and 0.02% Mo (338.75 – 418.50m).
  • RVD18-20 with 110.50 metres of 0.45 g/t Au, 0.19% Cu and 3.7 g/t Ag (202.00 – 312.50m), including 54.40 metres of 0.73 g/t Au, 0.305% Cu and 7.0 g/t Ag (234.00 – 288.50m).
  • RVD18-21 with 83.50 metres of 0.70 g/t Au, 0.14% Cu and 7.1 g/t Ag (350.00 – 433.50m), including 50.93 metres of 1.08 g/t Au, 0.19% Cu and 11.0 g/t Ag (371.57 – 422.50m).

Table 1 – Gold-Rich, High-Grade, Blue Sky Porphyry Drill Intercepts, 2017, 2018.  Highlighted results from this news release in bold.

Drill holeFromToLength***AuAgCuMoAuEq*CuEq*
 mmmg/tg/t%%g/t%
PR18-09, September 6, 2018 (This News Release)
 RVD18-19196.00 512.00 316.00 1.101 5.0 0.270 0.020 1.79 1.09 
 Including338.75 418.50 79.75 2.481 6.9 0.378 0.017 3.34 2.03 
 RVD18-20202.00 312.50 110.50 0.452 3.7 0.187 0.004 0.85 0.51 
 Including234.00 288.50 54.50 0.728 7.0 0.305 0.007 1.38 0.84 
 RVD18-21350.00 433.50 83.50 0.704 7.1 0.137 0.003 1.04 0.63 
 Including371.57 422.50 50.93 1.080 11.0 0.193 0.003 1.56 0.95 
PR18-08, August 23, 2018
 RVD18-05375.00524.26149.260.3002.50.1520.0160.720.44
 Including484.75524.2639.510.6795.00.2480.0271.380.84
 Including508.75524.2615.510.8076.00.2740.0341.630.99
 RVD18-16170.50265.0094.501.5325.80.2790.0132.181.33
 Including241.50258.0016.503.44010.20.4640.0314.602.80
 RVD18-17287.00489.10202.100.8745.80.2560.0141.500.91
 Including310.47435.60125.131.2407.00.3100.0101.931.17
PR17-13, November 2, 2017
RVD17-01369.62464.0094.380.343.90.1690.0220.860.52
RVD17-13112.00169.0057.001.086.60.2850.0201.821.10

Paul Reynolds, Triumph Gold’s President and CEO, comments, “RVD18-19 contains a truly exceptional intersection. Not only does it represent the longest and highest grade intersection in the Blue Sky Porphyry to date, but it is one of the highest grade intersections ever made in a porphyry system in the Yukon. At 565.6 gram metres**** gold equivalent*, it is likely to be one of the best intersections made on a gold exploration property this year. I congratulate our technical team for their perseverance and success in testing previously untested ground surrounding the Revenue and Nucleus deposits.”

Blue Sky Porphyry

Since 2016 Triumph Gold’s exploration on the Freegold Mountain Property has been focused on the six-kilometre-long, multi-element soil and geophysical anomaly that encompasses the Revenue and Nucleus areas. Within the anomaly, the Blue Sky Zone covers a broad area extending 2.3 kilometres east of the Revenue diatreme (Figure 1) to the eastern margin of the anomaly. It was drill tested in 2017 with significant intersections made in RVD17-13 (57.00 metres of 1.08 g/t Au, 6.6 g/t Ag, 0.285% Cu and 0.02% Mo from 112.00m; Table 1) and RVD17-01 (Table 1). Three previously released 2018 drill holes (see NR18-08 dated Aug. 23; Table 1) successfully targeted the Blue Sky Porphyry and demonstrated both high-grade and contiguous mineralization over up to 202.10 metres (RVD18-17, which included 125.13 metres of 1.24 g/t Au, 7.0 g/t Ag, 0.31% Cu, and 0.01% Mo; Table 1). With RVD18-19, RVD18-20 and RVD18-21, described in this news release, the size and grade of the Blue Sky Porphyry continues to grow. RVD18-19 contains the longest*** intersection (316.00m of 1.09% CuEq*; Table 1), the highest grade composite (79.75m of 2.48 g/t Au, 0.38% Cu, 6.9 g/t Ag and 0.02% Mo; Table 1), and the highest grade gold in a single assay (39.4 g/t Au from 376.60 – 377.60m) to date.

Figure 1 highlights the location of drill intersections in the Blue Sky Porphyry:
https://www.triumphgoldcorp.com/wp-content/uploads/PR18-09-Revenue-Portrait.pdf

Figure 2 shows RVD18-19 in cross-section:
https://www.triumphgoldcorp.com/wp-content/uploads/PR18-09_Section.pdf

Photographs of core from the new intersections can be found on the Triumph Gold Corp. website:
https://www.triumphgoldcorp.com/wp-content/uploads/PR18-09-Rock-Shots.pdf

High-grade, gold-rich mineralization in the Blue Sky Porphyry is demonstrated over 180 meters in a NE-SW direction and occupies the north-eastern extent of a 500 metre long corridor of well mineralized rock that includes the newly defined WAu breccia (e.g. 76.34 metres of 1.40 g/t Au, 9.2 g/t Ag, 0.21% Cu and 0.032% Mo in RVD11-19; see PR#18-07, dated July 21, 2018), and porphyry related stockwork style mineralization (e.g. 238.10 metres of 0.31 g/t gold and 0.13% copper in RVD11-22). The high-grade zone is modeled as an irregular shaped body with a south or south-east dipping upper surface that is open along strike to the northeast, west, and downdip to the south and southeast. The 500 metre-long corridor is contained within a 3.6 kilometre zone of porphyry mineralization that extends from the Happy Creek showing (269.00 metres of 0.29 g/t AuEq* in RVD17-09, see PR#17-13, dated Nov. 2, 2017) to the Keirsten Zone (100 metres of 0.32 g/t AuEq* in KZ18-01, see PR#18-07, dated July 21, 2018). The broader zone of porphyry mineralization is flanked to the west by the Nucleus epithermal gold deposit, and cross-cut by a locally well mineralized diatreme (the Revenue Diatreme).

Mineralization associated with the Blue Sky Porphyry is hosted in the Mid-Cretaceous Revenue granite and in late-syn-mineral quartz-feldspar-porphyry dykes. It consists of chalcopyrite and molybdenite in quartz veins, hydrothermal breccia matrix, and disseminated in hydrothermally altered granite and quartz-feldspar porphyry dykes. The most intense mineralization is associated with strong potassic (K-feldspar grading outwards into biotite) alteration. A set of late quartz-carbonate veins are concentrated within the main mineralized zone and contain variable amounts of chalcopyrite, molybdenite, galena, sphalerite, bismuthinite, and visible gold. The porphyry is gold-rich throughout, but the late quartz-carbonate veins represent an important second stage of gold enrichment.

Ongoing Exploration of the Blue Sky Porphyry

The high-grade mineralization identified in the Blue Sky Zone continues to be a focus of exploration activity:

  1. Deep penetrating induced polarization and infill magnetic geophysical surveys are currently being organized.
  2. Crews are completing an infill soil survey over Revenue East and the Blue Sky Zone.
  3. Roadbuilding and trenching have exposed new outcrops in the Blue Sky Zone, which are being mapped and prospected.
  4. Expert porphyry and structural geology consultants have been brought to the Freegold Mountain Property to conduct reviews of the Blue Sky Porphyry (John Bradford, M.Sc., P.Geo., Triumph Gold technical advisor and Cam Bartch M.Sc., P.Geo., Terrane Geoscience).

Exploration Update

Triumph Gold’s 2018 Freegold Mountain Property drill campaign, which began in late March, is now complete. Geophysics, trenching and soil sampling programs are expected to continue until early October. Triumph Gold has released the results from 9,672 metres of diamond drilling in the Keirsten Zone, Revenue East, and the Blue Sky Zone.  Drill results from these zones have been released in their entirety. Future news releases will focus on grassroots exploration drilling in the Guder (1,352 metres) and Granger (1,014 metres) zones, exploration and resource drilling at Nucleus (4,159 metres), and the inaugural drilling of the Irene epithermal vein (1,369 metres).

Table 2 – Full table of new assay results (PR#18-09) from the Blue Sky Zone, 2018.

Drill holeFromToLength***AuAgCuMoAuEq*CuEq*
 mmmg/tg/t%%  
 RVD18-19196.00512.00316.00 1.101 5.0 0.270 0.020 1.79 1.09 
 Including338.75418.5079.75 2.481 6.9 0.378 0.017 3.34 2.03 
 RVD18-2098.00118.0020.000.4501.50.1130.0020.670.41
 And202.00312.50110.50 0.452 3.7 0.187 0.004 0.85 0.51 
 Including234.00288.5054.50 0.728 7.0 0.305 0.007 1.38 0.84 
 RVD18-21238.00240.002.003.8100.00.0450.0003.892.36
 And350.00433.5083.50 0.704 7.1 0.137 0.003 1.04 0.63 
 Including371.57422.5050.93 1.080 11.0 0.193 0.003 1.56 0.95 
 And531.00540.009.001.1261.80.1120.0241.540.94
 RVD18-1860.0062.002.006.4500.00.0170.0016.493.94
 RVD18-22348.00350.002.007.4100.00.0170.0007.444.52
 RVD18-2344.20115.0070.800.3950.20.0500.0000.480.29
 Including44.2050.296.091.0250.00.0700.0001.140.69
 Including74.0085.0011.000.8670.40.0910.0001.020.62
 And272.00305.9633.960.3020.00.0230.0000.340.21
 And394.72400.005.280.3736.60.0820.0020.610.37
 And443.66445.001.340.7005.00.5420.0151.781.08
 RVD18-2415.0038.0023.000.5701.00.0800.0010.720.44
 And324.30349.5025.200.3372.30.0400.0040.460.28
 And459.00468.119.110.5521.20.0360.0000.630.38
 RVD18-25B164.00185.0021.000.5240.30.0540.0020.630.39

Table 3 – Location and Orientation of Drill Holes at the Blue Sky Zone, 2018

Drill HoleEasting**Northing**AzimuthInclinationTotal Depth
(m)
    RVD18-183833556913378295-50198.12
 RVD18-193833656913482211-55550.16
 RVD18-203833016913266000-72335.58
 RVD18-213832996913161000-70582.47
 RVD18-223833816913272355-65391.67
 RVD18-233833896913156000-65525.78
 RVD18-243832886913310060-70529.13
 RVD18-25B3831096913104008-70661.40

Notes:

* Gold equivalent [AuEq], and copper equivalent [CuEq] are used for illustrative purposes, to express the combined value of gold, silver, molybdenum and copper as a percentage of gold or copper.  No allowances have been made for recovery losses that would occur in a mining scenario.  AuEq and CuEq are calculated on the basis of US$3.00 per pound of copper, US$16.00 per pound of molybdenum, US$1,250 per troy ounce of gold and US$16.00 per troy ounce of silver. 

** Coordinates are given in North American Datum 83 (NAD83), Zone 8.

*** Length/interval refer to drill hole intercept.  True widths have not been determined.

**** Gram metres are a metric used to compare the relative quality of drill intersections that vary in grade and length.  In this press release gram-metres are calculated using the following equation (AqEq*[g/t] x Intersection Length*** [metres]).

Methods and Qualified Person

Drill core samples ranged between 1 and 2 metres length and were cut at Triumph’s core logging facility on the Freegold Mountain Property. The samples were analyzed by SGS Canada of Vancouver, British Columbia.  They were prepared for analysis according to SGS method PRP89: each sample was crushed to 75% passing 2mm and a 250g split was pulverized to better than 85% passing 75 micron mesh.  Gold was tested by fire assay with atomic absorption finish on a 30g nominal sample (method GE FAA313), and samples that tested over 10 g/t Au were retested using 50g screened metallics (GO FAS50M), which uses a combination of AAS, ICP-AES and gravimetric finishes to determine gold contained in both a fine and coarse fraction after being sieved through 106 mesh.  An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B), over limit samples for copper were retested using the same technique but with assay grade four acid digestion and a higher range of detection (method GA AAS42S).  Quality assurance and control (QAQC) is maintained at the lab through rigorous use of internal standards, blanks and duplicates.  An additional QAQC program was administered by Triumph Gold: at minimum three quality control samples, consisting of blanks, certified reference standards and duplicates, were blindly inserted into each 75 sample batch.  QAQC samples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed QAQC sample.

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company.  Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.  For maps and more information, please visit our website www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com).  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Triumph Gold Intersects Strong Gold-Rich Porphyry Mineralization in the Blue Sky Porphyry, including 125.13 metres of 1.24 grams per tonne Gold, 0.31% Copper, 7.0 grams per tonne Silver and 0.01% Molybdenum

Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the delineation of gold-rich porphyry-style mineralization in the Blue Sky Zone on their 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory.  Highlights from the first three drill holes to intersect the zone in 2018 include:

  • RVD18-17 with 125.13 metres of 1.24 grams per tonne (g/t) gold, 7.0 g/t silver, 0.31% copper and 0.01% molybdenum contained within 202.10 metres of 0.87 g/t gold, 5.8 g/t silver, 0.26% copper and 0.01% molybdenum (287.00 – 489.10m).
  • RVD18-16 with 94.50 metres of 1.53 g/t gold, 5.8 g/t silver, 0.28% copper and 0.01% molybdenum (170.50 – 265.00m).
  • RVD18-05 with 149.26 metres of 0.30 g/t gold, 2.5 g/t silver, 0.15% copper and 0.02% molybdenum (375.00 – 524.26m), which bottomed in the highest grade portion of the intersection with 39.51 metres of 0.68 g/t gold, 5.0 g/t silver, 0.25% copper, and 0.03% molybdenum (484.75 – 524.26m).

Table 1 – Blue Sky Porphyry Diamond Drill Intercepts, 2018

Drill holeFromToLength***AuAgCuMoAuEq*CuEq*
 MMMg/tg/t%%  
RVD18-05375.00524.26149.260.3002.50.1520.0160.720.44
Including484.75524.2639.510.6795.00.2480.0271.380.84
Including508.75524.2615.510.8076.00.2740.0341.630.99
RVD18-16170.50265.0094.501.5325.80.2790.0132.181.33
Including241.50258.0016.503.44010.20.4640.0314.602.80
RVD18-17287.00489.10202.100.8745.80.2560.0141.500.91
Including310.47435.60125.131.2407.00.3100.0101.931.17

Since 2016, Triumph Gold’s exploration has been focused on the six-kilometre-long intense multi-element soil and geophysical anomaly that encompasses the Revenue and Nucleus deposit areas. Within the anomaly, the Blue Sky Zone covers a broad area extending 2.3 kilometres east of Revenue to the eastern margin of the anomaly. It was drill tested in 2017 with significant intersections made in RVD17-13 (57 metres of 1.08 g/t gold, 6.6 g/t silver, 0.285% copper and 0.01% molybdenum from 121.00m) and RVD17-01 (94.38 metres of 0.34 g/t gold, 3.9 g/t silver, 0.17% Cu and 0.02% molybdenum from 369.62m) (see PR17-13, Nov. 2, 2017). The 2018 drill holes were designed as follow-up to the successful exploration conducted in 2017.  RVD18-05, RVD18-16, and RVD18-17 were drilled roughly perpendicular to RVD17-01 and RVD17-13 and together they delineate high-grade, gold-rich mineralization over a 180 metre area that is open in all directions and to depth. It is contained within an at least 3.6 kilometre long zone of porphyry mineralization that extends from the Happy Creek showing (290 metres of 0.29 g/t AuEq in RVD17-09, see PR#17-13, dated Nov. 2, 2017) to the Keirsten Zone (100 metres of 0.31 g/t AuEq in  KZ18-01, see PR#18-07, dated July 21, 2018) (Figure 1 – inset), and includes RVD11-22 located 250 metres to the SW of the high grade intersections in the Blue Sky Zone (238.10 metres of 0.31 g/t gold and 0.13% copper).

Figure 1 Highlights the location of the 2018 drill intersections in the context of the Revenue-Nucleus magmatic-hydrothermal system.
https://www.triumphgoldcorp.com/wp-content/uploads/PR18-08-Revenue-Portrait.pdf

Figure 2 shows the intersections in cross section.
https://www.triumphgoldcorp.com/wp-content/uploads/PR18-08_Section.pdf

Photographs of core from the new intersections can be found on the Triumph Gold Corp. website:
https://www.triumphgoldcorp.com/wp-content/uploads/PR08-Rock-Shots.pdf

Geology of the Blue Sky Porphyry

Mineralization associated with the Blue Sky Porphyry is hosted in the Mid-Cretaceous Revenue granite and in late-syn-mineral quartz-feldspar-porphyry dykes. It consists of chalcopyrite and molybdenite in quartz veins, hydrothermal breccia matrix, and disseminated in hydrothermally altered granite and quartz-feldspar porphyry dykes. The most intense mineralization is associated with strong potassic (K-feldspar grading outwards into biotite) alteration. A set of late quartz-carbonate veins are concentrated within the main mineralized zone and contain variable amounts of chalcopyrite, molybdenite, galena, sphalerite, bismuthinite, and visible gold. The porphyry is gold-rich throughout, but the late quartz-carbonate veins represent an important second stage of gold enrichment.

Ongoing Exploration of the Blue Sky Zone

Triumph Gold has allocated significant resources to the Blue Sky Zone to continue exploration of the gold-rich porphyry system.

  1. An additional seven drill holes have been completed to test the extent and geometry of the Blue Sky Porphyry. The results will be reported separately once they have been received and checked for quality.
  2. Crews are currently upgrading the soil grid and conducting trenching within the Blue Sky Zone.
  3. A deep penetrating induced polarization (IP) and infill ground magnetic surveys are being planned for the fall.

The compiled results from 2018 drilling, new soil grid, trenching and geophysics will allow Triumph Gold’s technical team to plan a robust follow-up program of exploration to define a resource on the Blue Sky Zone in 2019.

President’s Comment

Paul Reynolds, Triumph Gold’s President and CEO comments, “Triumph’s exploration team continues to have incredible success drilling the Blue Sky Porphyry, which was discovered last season. With these new intersections we have begun to delineate a high grade gold-rich core to the system, which is open in all directions and to depth.  We will focus on extending the mineralized envelope and defining a resource.  We are also applying the same exploration strategies that led to discovery of the Blue Sky Porphyry across the 200 square kilometre area of the Freegold Mountain Property. This is a truly exciting period for the company.”

Table 2 – Location and Orientation of Drill Holes at the Blue Sky Zone, 2018

Drill HoleEasting**Northing**AzimuthInclinationTotal Depth (m)
RVD18-053830606913321115-65524.26
RVD18-163833696913312295-60414.53
RVD18-173830406913434115-48536.75

Notes:

* Gold equivalent [AuEq], and copper equivalent [CuEq] are used for illustrative purposes, to express the combined value of gold, silver, molybdenum and copper as a percentage of gold or copper.  No allowances have been made for recovery losses that would occur in a mining scenario.  AuEq and CuEq are calculated on the basis of US$3.00 per pound of copper, US$16.00 per pound of molybdenum, US$1,250 per troy ounce of gold and US$16.00 per troy ounce of silver. 

** Coordinates are given in North American Datum 83 (NAD83), Zone 8.

*** Length/interval refer to drill hole intercept.  True widths have not been determined.

Methods and Qualified Person

Drill core samples ranged between 1 and 2 metres length and were cut at Triumph’s core logging facility on the Freegold Mountain Property. The samples were analyzed by SGS Canada of Vancouver, British Columbia.  They were prepared for analysis according to SGS method PRP89: each sample was crushed to 75% passing 2mm and a 250g split was pulverized to better than 85% passing 75 micron mesh.  Gold was tested by fire assay with atomic absorption finish on a 30g nominal sample (method GE FAA313), and samples that tested over 10 g/t Au were retested using 50g screened metallics (GO FAS50M), which uses a combination of AAS, ICP-AES and gravimetric finishes to determine gold contained in both a fine and coarse fraction after being sieved through 106 mesh. An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B), over limit samples for copper were retested using the same technique but with assay grade four acid digestion and a higher range of detection (method GA AAS42S).  Quality assurance and control (QAQC) is maintained at the lab through rigorous use of internal standards, blanks and duplicates.  An additional QAQC program was administered by Triumph Gold: at minimum three quality control samples, consisting of blanks, certified reference standards and duplicates, are blindly inserted into each 75 sample batch.  QAQC samples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed QAQC sample.

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company.  Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.  For maps and more information, please visit our website www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com).  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Triumph Gold Defines Gold-Rich Breccia Zone at Revenue East

Triumph Gold Corp., (TSXV:TIG) (OTCMKTS:TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the results of spring and early-summer drilling on the Company’s 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Exploration was focused within a 6 km soil and geophysical anomaly that surrounds the Revenue and Nucleus resource areas. Highlights of results available to date include:

  • Expansion and definition of the Au-Ag-Cu-Mo-rich breccia body (WAu Breccia) first reported in 2017 (PR#17-12, October 19, 2017). The breccia was intersected by five additional drill holes including 72.00 metres of 1.33 g/t AuEq* (from 60.00m in RVD18-03), 128.00 metres of 1.27 g/t AuEq* (from 105.00m in RVD18-08), and 43.02 metres of 1.50 g/t AuEq* (from 62.52m in RVD18-11). Individual sample intervals have gold concentrations up to 27.2 g/t (Table 1)
  • Multiple drill intersections of mineralization within the Revenue diatreme (main breccia body), including 44.00 metres of 1.08 g/t AuEq* (from 198.00m in RVD18-02), 19.81m of 1.24 g/t AuEq* (from 91.44m in RVD18-10), and 11.00 metres of 2.04 g/t AuEq* (from 146m in RVD18-10) (Table 2).

WAu Breccia Target

The WAu Au-Ag-Cu-Mo breccia, located near the southeast corner of the Revenue diatreme, was first intersected by two drill holes in 2011:

  • RVD11-19 – 1.40 g/t Au, 9.2 g/t Ag, 0.21% Cu and 0.032% Mo over 76.34m (176.75-253.09m) and
  • RVD11-28 – 0.86 g/t Au, 10.3 g/t Ag, 0.36% Cu and 0.120% Mo over 41.95m (208.30-250.25m)

Relogging of core in 2016 identified the high-grade breccia zone as a discrete body, which was then targeted and intersected in 2017 by a stepout 41 metres west of RVD11-19:

  •  RVD17-12 – 1.18 g/t Au, 8.3 g/t Ag, 0.24% Cu and 0.013% Mo over 40.0m (247.50-287.50m)

Modelling of the breccia as an east-west striking, south dipping body helped successfully target five additional drill holes in 2018 to test the breccia east of, and both up and down dip from, the original RVD11-19 drill intersection. These drill holes confirmed the continuity and grade of the breccia over a 130 metre strike length, and to a depth of at least 200 metres (Table 1). The breccia is open to depth and to the west beneath the Revenue diatreme. Drill hole locations are shown on Figure 1, and details of location and orientation are in Table 3.

Click here for Figure 1:

Figure 1

Table 1 – WAu Breccia Intercepts, Revenue East Drilling, 2018

Drill holeFromToLength***AuAgCuMoAuEq*CuEq*
 mmmg/tg/t%%  
WAu Breccia        
RVD18-0352.00232.00180.000.3075.700.1620.0200.8250.501
Including60.00132.0072.000.53813.720.3020.0131.3270.807
RVD18-0447.00122.0075.000.3342.570.1610.0130.7410.451
Including92.00122.0030.000.5134.380.2760.0131.1380.691
And173.00181.368.360.1780.480.1340.0130.5150.313
RVD18-08105.00233.00128.000.6392.100.1690.0371.2710.773
Including169.25201.0031.750.7487.330.3670.0181.6020.974
Including216.50217.981.4827.2000.000.0960.03027.62016.783
RVD18-1147.24161.50114.260.3892.530.1590.0070.7460.454
Including62.52105.5443.020.8066.030.3290.0091.5020.912
RVD18-1582.00190.86108.860.2340.660.1010.0350.7150.434
Including100.00120.2420.240.3942.330.1750.0531.1800.717

Other Targets

Additional drilling in 2018 targeted breccia hosted mineralization within the Revenue diatreme as well as adjacent porphyry style mineralization at Revenue East, and the porphyry style Keirsten Zone, which was identified in 2017 (PR#17-13, November 2, 2017). Porphyry style mineralization has also been identified in a number of locations beyond Revenue East (e.g. to the east in the Blue Sky Zone, and to the west at Revenue West and in the Guder Zone). The Blue Sky Zone, and Guder Zone are being tested during the current drill campaign, and results will be reported separately.

  1. Within the eastern part of the Revenue diatreme, a series of shallow holes were drilled to test for near surface oxide gold, as intersected in RVD17-10 (0.64 g/t Au over 68m from 36m; PR#17-12, October 19, 2017). Although the oxide gold encountered in 2018 was lower grade than that intersected in 2017 (e.g. RVD18-09 with 28.96m @ 0.342 g/t Au), significant higher-grade gold and copper was intersected in an underlying and previously unknown supergene blanket (e.g. RVD18-10 with 19.81m @ 0.887 g/t Au, 2.7 g/t Ag, and 0.16% Cu) that consists of chalcocite on fractures and coating pyrite, and which has also been identified elsewhere at Revenue East, e.g. in the upper portion of the WAu breccia. Sulfide replacement and hydrothermal breccia mineralization was intersected as well (e.g. RVD18-02 with 44m @ 0.405 g/t Au, 1.9 g/t Ag, and 0.09% Cu, and RVD18-10 with 11m @ 1.563 g/t Au, 6.66 g/t Ag, and 0.22% Cu) (Table 2).
  2. Porphyry style mineralization was identified at Revenue East in numerous historic drill holes (e.g. RVD11-22 with 238.10m @ 0.13% Cu, 0.31 g/t Au, and RVD11-028 with 104.15m @ 0.17% Cu, 0.32 g/t Au and 0.09% Mo). The footprint of porphyry style mineralization at Revenue East was extended westwards by 110 metres with RVD18-02 and south 40 metres by RVD18-01.  It was also identified on the northeast edge of the Revenue diatreme with RVD18-07, greater than 200 metres north of the main body of porphyry mineralization.
  3. The Keirsten Zone is a blind target, located under tens of metres of overburden between the Revenue and Nucleus deposits.  Inaugural drilling of the zone in 2017 tested the core of a strong chargeability high and encountered intense, multi-stage porphyry style alteration and veining in a granodiorite porphyry host rock from 193 metres to the end of the hole at 603.50 metres. The 2018 drill campaign expanded the zone of strong porphyry-style alteration and veining, but copper and gold mineralization, although widespread, is generally low grade (Table 2).

Table 2 – Additional Revenue East and Keirsten Zone Drill Results, 2018

Drill holeFromToLength***AuAgCuMoAuEq*CuEq*
 mmmg/tg/t%%  
Revenue East Diatreme 
RVD18-02111.00125.0014.000.0534.430.1910.0120.5320.323
And198.00242.0044.000.4051.900.0880.0581.0830.658
Including231.50239.007.501.3944.600.3010.0632.5001.519
RVD18-0970.1099.0628.960.3420.000.0260.0010.3910.238
RVD18-1091.44111.2519.810.8872.690.1630.0061.2440.756
And146.00157.0011.001.5636.660.2210.0032.0391.239
RVD18-1227.4330.483.050.3410.000.1300.0030.5810.353
Revenue East Porphyry 
RVD18-01134.50201.0066.500.1892.060.1030.0070.4440.270
RVD18-028.0017.509.500.5912.530.1700.0040.9390.571
And37.0057.0520.050.1752.840.1600.0080.5410.329
RVD18-07102.39103.631.240.41410.000.5220.0381.7351.054
RVD18-1313.00103.0790.070.1730.620.1070.0130.4720.287
Including51.0061.0010.000.3432.580.1810.0180.8350.507
Keirsten Zone 
KZ18-015.907.211.501.6104.000.0330.0041.7521.065
And29.5032.503.001.7683.000.0400.0001.8721.138
And181.00183.002.000.057300.000.0960.0004.0542.463
And192.50292.50100.000.2350.300.0490.0000.3200.195
KZ18-02177.80181.804.000.4121.750.1750.0000.7210.438
And200.00205.005.000.1440.000.1720.0000.4260.259
And312.00315.003.000.7560.000.0710.0000.8750.532
And388.00389.501.501.3400.000.0240.0001.3800.839
And477.66478.661.008.1200.000.0190.0018.1624.959
KZ18-0371.0078.507.500.4070.000.0380.0020.4870.296
And172.50178.506.000.5230.000.0010.0040.5590.340
KZ18-0433.0034.501.502.0600.000.0190.0002.0921.271
And301.23307.005.770.2970.000.1130.0010.4890.297

Exploration Update

An 18,000 metre diamond drill program is currently in progress on Triumph Gold’s 100% owned, road accessible, Freegold Mountain property. Exploration is mainly focused on identifying new porphyry and epithermal mineralization within a 6 km long soil and geophysical anomaly that envelops the Revenue and Nucleus deposit areas (Figure 1). Results in this news release represent less than 30% of the total planned program. Drilling is now complete in three additional areas, the Blue Sky Zone (e.g. RVD17-13 with 1.01 g/t Au and 0.285% Cu over 57 metres), the Guder Zone (e.g. RVD17-14 with 15.0 g/t Au over 7 metres), and the Granger Zone (e.g. GRRAB-091 with 4.48 g/t Au over 16.73m).  The results from drilling in these zones will be released as they are received and checked for quality. Two drills are currently situated over the Nucleus deposit area where they will drill approximately 4,000 metres.  When the drilling at Nucleus is complete one drill will be mobilized to conduct the inaugural drill test of the Irene epithermal vein prior to the end of the field season.

Table 3 – Location and orientation of 2018 Drilling at Revenue East and Keirsten Zone

Drill holeEasting**Northing**AzimuthInclinationTotal Depth (m)
RVD18-013828796913127115-50260.6
RVD18-0238285169131510-60243.84
RVD18-033830036913251115-60471.68
RVD18-0438300269131770-60181.36
RVD18-0638296369133310-5079.02
RVD18-07382962691337820-60103.63
RVD18-0838304669131000-60253.29
RVD18-0938295769134240-60103.63
RVD18-10382906691347820-60167.64
RVD18-1138305269131730-60170.69
RVD18-1238286269132740-5085.34
RVD18-1338296169131140-50195.07
RVD18-1438285969133740-5085.03
RVD18-1538310069131470-60201.13
RVD18-163833696913312295-60414.53
KZ18-013805496914422180-50441.05
KZ18-023807426914123225-50521.21
KZ18-0338055869135200-60339.85
KZ18-043810856913805270-50484.63

President’s Comment

Paul Reynolds, Triumph Gold’s President and CEO comments, “Triumph Gold’s technical team identified three exploration opportunities at Revenue East that were tested with a precision exploration program. That all three opportunities produced positive results speaks to how robust the Revenue hydrothermal system is, and how much exploration success can be achieved with the right targeting techniques. We are especially excited by the definition of the Au-Ag-Cu-Mo rich WAu breccia, and the possibility of finding similar breccia bodies in the future.”

Notes:

* Gold equivalent [AuEq], and copper equivalent [CuEq] are used for illustrative purposes, to express the combined value of gold, silver, molybdenum and copper as a percentage of gold or copper.  No allowances have been made for recovery losses that would occur in a mining scenario.  AuEq and CuEq are calculated on the basis of US$3.00 per pound of copper, US$16.00 per pound of molybdenum, US$1,250 per troy ounce of gold and US$16.00 per troy ounce of silver. 

** Coordinates are given in North American Datum 83 (NAD83), Zone 8.

*** Length/interval refer to drill hole intercept.  True widths have not been determined.

Methods and Qualified Person

Drill core samples ranged between 1.00 and 2.00 metres length and were cut at Triumph’s core logging facility on the Freegold Mountain Property. The samples were analyzed by SGS Canada of Vancouver, British Columbia.  They were prepared for analysis according to SGS method PRP89: each sample was crushed to 75% passing 2mm and a 250g split was pulverized to better than 85% passing 75 micron mesh.  Gold was tested by fire assay with atomic absorption finish on a 30g nominal sample (method GE FAA313), and samples that tested over 10 g/t Au were retested using 50g screened metallics (GO FAS50M), which uses a combination of AAS, ICP-AES and gravimetric finishes to determine gold contained in both a fine and coarse fraction after being sieved through 106 mesh. An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B), over limit samples for copper were retested using the same technique but with assay grade four acid digestion and a higher range of detection (method GA AAS42S).  Quality assurance and control (QAQC) is maintained at the lab through rigorous use of internal standards, blanks and duplicates.  An additional QAQC program was administered by Triumph Gold: at minimum three quality control samples, consisting of blanks, certified reference standards and duplicates, are blindly inserted into each 75 sample batch.  QAQC samples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed QAQC sample.

The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company.  Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.  For maps and more information, please visit our website www.triumphgoldcorp.com.

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Chairman
Triumph Gold Corp.
(604) 218-7400
janderson@triumphgoldcorp.com

Nancy Massicotte
IR Pro Communications Inc.
(604)-507-3377
nancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com).  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Triumph Gold Issues Options

Triumph Gold Corp. (TSX-V:TIG) (“Triumph” or the “Company”) is pleased to announce that pursuant to its stock option plan, the Company is issuing 800,000 options to officers and directors.  The options are priced at $0.40 and are valid for a period of 5 years. The stock options will vest 25% immediately, 25% after six months, 25% after twelve months and 25% after eighteen months.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company.  Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.  For maps and more information, please visit our website www.triumphgoldcorp.com

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive ChairmanNancy Massicotte
Triumph Gold Corp.IR Pro Communications Inc.
+1 (604) 218-7400(604)-507-3377
janderson@triumphgoldcorp.comnancy@irprocommunications.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the stock option grant are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures, natural resource prices and other costs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Triumph will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

 

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Triumph Gold Closes C$5,124,000 Financing and Confirms Goldcorp Participation

Triumph Gold Corp. (TSXV:TIG) (“Triumph” or the “Company”) is pleased to announce that it has completed a private placement financing of 14,641,101 units of Triumph at a price of $0.35 per unit for gross proceeds of approximately $5,124,385.  Each unit consists of one common share of the Company and one half of one non-transferable common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant is exercisable into one additional common share at a price of $0.55 for a period of two years from the closing of the financing.  The investment was made primarily by institutional investors. A private Hong Kong fund invested approximately $2.5 million and three existing shareholders (amongst others) participated in the offering, including Goldcorp Inc. (“Goldcorp”) which exercised its right to top up to a 19.9% ownership by participating in the financing.

John Anderson, Chairman of Triumph commented: “We are excited to have new institutional investors investing directly into the Company as we continue to explore the Freegold Mountain project.  As well, we are overwhelmed that current shareholders requested to increase their investment at this time.  Goldcorp has participated in this financing to increase its interest in the Company to 19.999% on a partially diluted basis.  We view this investment as a validation of our exploration philosophy and look forward to continuing to work with Goldcorp’s technical team as we continue to advance the Freegold Mountain project.”

The proceeds of the offering will be used for exploration at the Company’s Freegold Mountain project and for general working capital.  Triumph currently has two diamond drills on the property and is in the middle of an 18,000 metre drilling program.

All securities issued in connection with this financing will be subject to a statutory four month hold period expiring on November 12, 2018, in accordance with applicable Canadian securities laws.  Upon completion of the private placement, the Company will have 78,442,638 common shares issued and outstanding.  The Company has agreed to pay cash finder’s fees in the aggregate amount of $31,300 to certain finders in connection with the private placement.

Goldcorp and Palisade Global Investments Ltd., each subscribed for 2,719,674 units and 2,900,000 units, respectively, under the offering.  The participation of each of these insiders is considered to be a “related party transaction” as defined under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company determined that an exemption from the formal valuation requirement of MI 61-101 was available for each related party transaction pursuant to Section 5.5(b) of MI 61-101. The Company also relied on Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement.

The Company did not file a material change report more than 21 days in advance of the closing of the offering, which the Company deems reasonable and necessary in the circumstances as the closing date of the private placement had not been established at that time.

About Triumph Gold Corp.

Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company.  Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon.  For maps and more information, please visit our website www.triumphgoldcorp.com.

On behalf of the Board of Directors

Signed “Paul Reynolds”
Paul Reynolds, President & CEO

For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
+1 (604) 218-7400
janderson@triumphgoldcorp.com
 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “look forward”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding working with Goldcorp’s technical team and the use of proceeds are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures, natural resource prices and other costs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Pinedale will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

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