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Cartier Iron Completes Financing; Big Easy Property Drilling to Commence Next Week

Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”) is pleased to announce that it has completed a previously announced non-brokered private placement (the “Private Placement”) of 2,000,000 flow-through units of Cartier Iron at a price of $0.10 per unit (“F-T Units”) for proceeds of $200,000 and 5,000,000 non-flow-through units of Cartier Iron at a price of $0.08 per unit (“Units”) for additional proceeds of $400,000.

Each F-T Unit consists of one common share in the capital of Cartier Iron (a “Common Share”) issued on a “flow-through” basis under the Income Tax Act (Canada) (“ITA”) and one Common Share purchase warrant (the “F-T Warrants”). Each F-T Warrant entitles the holder to purchase one non-flow-through Common Share at a price of $0.15 per share for a term of 18 months from the closing of the Private Placement.

Each Unit consists of one Common Share and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.12 per share for a term of 18 months from the closing of the Private Placement.

All securities issued pursuant to the Private Placement will be subject to the applicable statutory four-month hold period. In connection with the Private Placement, Cartier Iron paid eligible arm’s length finders cash fees totalling $6,125.

The net proceeds of the Private Placement will be used to finance exploration at the Big Easy Property in Newfoundland and Labrador, and be utilized as working capital.

As previously announced (see Cartier Iron’s press release dated August 30, 2018), Cartier Iron has retained New Valley Drilling to complete up to 2,000 metres of diamond drilling to test major target areas outlined by the winter Induced Polarization/Resistivity survey.  The drill is presently being mobilized to site, with drilling expected to commence on September 24, 2018. This drilling will be a good initial test of the major anomalies and provide important information to relate mineralization with the geophysical response.  Locations of the planned holes are provided in the August 30, 2018 press release.

Qualified Person

Dr. Bill Pearson, P.Geo., a Qualified Person as defined under NI 43-101, has reviewed and approved the scientific and technical content of this press release.

About Cartier Iron Corporation

Cartier Iron is an exploration and development Company focused on discovering and developing significant iron ore resources in Quebec, and a potentially significant gold property in the province of Newfoundland and Labrador. The Company’s iron ore projects include the Gagnon Holdings in the southern Labrador Trough region of east-central Quebec. The Big Easy gold property is located in the Burin Peninsula epithermal gold belt in the Avalon Zone of eastern Newfoundland.

Please visit Cartier Iron’s website at www.cartieriron.com.

For further information please contact:

Thomas G. Larsen 
Chief Executive Officer
(416) 360-8006
Jorge Estepa
Vice-President
(416) 360-8006

The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historical facts are “forward-looking statements” and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking statements”.

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Enforcer Gold and SOQUEM Announce Amended & Restated Mineral Resource Estimate for the Roger Project Containing 333,000 Gold Eq Ounces Indicated and 202,000 Gold Eq Ounces Inferred

Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN; FSE: N071) along with SOQUEM today announce the results of an amended and restated mineral resource estimate on the Mop-II gold-copper deposit at the Company’s Roger project. Enforcer is earning a 50% interest in the Roger project from project operator, SOQUEM.

Enforcer and SOQUEM were informed by Qualified Person, Christian D’Amours of GéoPointCom, that an error had been discovered within the drill hole database utilized in the mineral resource estimate reported on August 28, 2018. The error affected the data for several drill holes at the western ends of the North and Main zones and lead to a misestimating of the resource and induced an oversized conceptual pit shell. The effect and scale of the error on the resource could not be determined without a complete re-estimation; hence, Enforcer and SOQUEM requested GéoPointCom to immediately correct the database and recalculate the mineral resource.

The revised mineral resource estimate prepared by GéoPointCom using a 0.45 g/t gold equivalent (“AuEq”) cut off is 333,000 AuEq oz in the Indicated category and 202,000 AuEq oz in the Inferred category (Table 1). The impact of the amendment is a 12% decrease in the total Indicated resources and a 45% decrease in the total Inferred resources announced on August 28, 2018. Over 60% of the amended global resource is in the higher confidence Indicated category.

Enforcer Gold President and CEO, Steve Roebuck, comments:

“This is a very unfortunate situation but one that is not of Enforcer Gold’s making. The database error that lead to the amendment and restatement of the mineral resource is highly regrettable, but fortunately, the reduction to the Inferred resources is largely confined to the North Zone where drilling coverage is limited. There is little impact on the Mop-II Main Zone and the bulk of the Indicated resources. This restatement has no impact on Enforcer and SOQUEM’s commitment to advancing the Roger project and building the mineral resource on the Mop-II deposit. The Phase 2 drilling campaign is set to commence shortly and will focus on increasing and upgrading the current resource base.”

SOQUEM President, Olivier Grondin, comments:

“It is an unfortunate situation that is out of SOQUEM’s control, since the database that was transmitted by SOQUEM to GéoPointCom was in good standing. All parties involved are working together to identify the reason for the error. The matter is taken very seriously.”

Table 1. Pit-Constrained Mineral Resource Estimate on the Mop-II Gold-Copper Deposit

Category

AuEq

Cut-off (g/t)

Tonnes

AuEq

(g/t)

Contained AuEq

(oz)

Au

(g/t)

Contained Au

(oz)

Indicated

0.45

10,900,000

0.95

333, 000

0.85

297,000

Inferred

0.45

6,569,000

0.96

202, 000

0.75

159,000

Notes to Table 1:

1.

The mineral resource estimate was prepared with reference to the 2014 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards and the 2003 CIM Best Practice Guidelines.

2.

The effective date of the mineral resource estimate is July 4, 2018.

3.

The Qualified Person for the estimate is Christian D’Amours, PGeo, of GéoPointCom.

4.

Gold Equivalent (“AuEq”) cut-off grade is based on 3-year average metal prices (to July 2018) of US$1,240/oz gold, US$16.50/oz silver and US$3.00/lb copper, USD/CAD exchange rate of 1.3129 using an open pit constrained model.

5.

The resource is supported by statistical analysis with good reproducibility of the values and geostatistical validation of the coefficient of variation and probability curves. High-grade values were not capped but their numbers and area of influence was limited.

6.

A minimum thickness of 10m was used for all sub-vertical zones and assays were composited to 1.0m true width.

7.

A bulk density of 2.70 g/cm3 was used for the current estimate.

8.

Mineral resources are reported as in-situ without dilution and material loss.

9.

Rounding may result in apparent differences between tonnes, grade and contained metal content.

10.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Block model plans and sections are available in the Roger Map Gallery.

Table 2. Pit-Constrained Indicated Mineral Resource Sensitivity by Cut-Off Grades

AuEq

Cut-Off

(g/t)

Tonnes

(kt)

Au

(g/t)

Ag

(g/t)

Cu

(%)

Au

(oz)

Ag

(oz)

Cu

(lb)

AuEq

 (oz)

0.25

22,047

0.55

0.73

0.05

392,000

517,000

23,065,000

454,000

0.3

18,130

0.63

0.75

0.05

365,000

437,000

19,807,000

419,000

0.35

15,208

0.70

0.77

0.05

341,000

376,000

17,448,000

388,000

0.4

12,758

0.77

0.79

0.05

317,000

325,000

15,171,000

358,000

0.45

10,900

0.85

0.80

0.06

297,000

281,000

13,286,000

333,000

0.5

9,345

0.92

0.81

0.06

277,000

245,000

11,720,000

309,000

0.6

6,956

1.08

0.85

0.06

242,000

189,000

9,099,000

267,000

0.7

5,363

1.24

0.87

0.06

214,000

150,000

7,254,000

234,000

Table 3. Pit-Constrained Inferred Mineral Resource Sensitivity by Cut-Off Grades

AuEq

Cut-Off

(g/t)

Tonnes

(kt)

Au

(g/t)

Ag

(g/t)

Cu

(%)

Au

(oz)

Ag

(oz)

Cu

(lb)

AuEq

 (oz)

0.25

14,917

0.48

1.03

0.08

230,000

492,000

25,608,000

298,000

0.3

12,757

0.53

1.05

0.08

216,000

429,000

23,512,000

278,000

0.35

10,751

0.58

1.05

0.09

200,000

361,000

21,500,000

256,000

0.4

8,196

0.67

1.08

0.11

175,000

284,000

18,949,000

224,000

0.45

6,569

0.75

1.18

0.11

159,000

250,000

16,551,000

202,000

0.5

5,501

0.83

1.17

0.12

147,000

207,000

14,851,000

185,000

0.6

3,723

1.02

1.10

0.15

122,000

131,000

12,250,000

153,000

0.7

2,629

1.24

1.13

0.17

105,000

95,000

10,107,000

130,000

Notes to Tables 2 and 3:

1.

Gold Equivalent (“AuEq”) cut-off grade is based on 3-year average metal prices (to July 2018) of US$1,240/oz gold, US$16.50/oz silver and US$3.00/lb copper, USD/CAD exchange rate of 1.3129 using an open pit constrained model.

Gold mineralization at the Mop-II deposit correlates with broad alteration zones of sericitization and silicification that are largely contained within a 2.2 km long by 0.4 km wide quartz-feldspar porphyry intrusion. The mineralization is homogenous, generally low grade and occurs over broad intervals. In addition to the 58,000 m of diamond drilling now completed on the Roger property, underground exploration undertaken in 1988 included 1,177 m of development and over 1,000 m of chip sampling. In 2006, a NI 43-101 mineral resource estimate on the Mop-II deposit outlined 3.24 Mt of Inferred Resources at an average grade of 1.61 g/t Au and 0.04% Cu for a total 167,200 ounces of gold (Enforcer press release dated March 5, 2018). Enforcer considers the 2006 estimate as a historical resource estimate that has relevance to the project; however, a qualified person for the Company has not done sufficient work to classify the historical estimate as a current mineral resource.

The 2018 mineral resource estimate was prepared by GéoPointCom of Val-d’Or, Quebec utilizing GeoticMine software and geostatistical analysis by Isatis software. The estimate was calculated using ordinary kriging (OK) methodology and the block model was constructed using block dimensions of 10 x 10 x 10 meters. The estimate incorporates information from 260 surface diamond drill holes and 23 underground diamond drill holes for a total of 38,554 m of split/sawn and assayed core. The wireframes solids were created using a 3D Delaunay triangulation process instead of lines and tie lines projected on section. A total of 13 sub-vertical wire frames were constructed considering a minimum true thickness of 10 m and a minimum grade of 0.35 g/t Au equivalent. This package of zones lies in a lower-grade envelope of 1,880m x 1,110m x 460m dimensions. Samples were composited inside the wire frames into 1 m true width composites. No capping was used at this step. During the interpolation process, composite having a gold grade higher than 30 g/t was limiting to influence only the cell located 15 m around them. Passed this distance, their grade was limited to 30 g/t. A uniform density of 2.7 g/cm3 was used. The resources categories were defined based on composite proximity using two consecutive search ellipsoids passes. The cut-off grade calculation is based on the following parameters:

Au price: US$1,240/oz gold
Ag price: US$16.50/oz silver
Cu price: US$3.00/lb copper
USD/CAD exchange rate: 1.3129
Mining cost: US$2.5/t
Mill recovery: 95%
Processing cost: US$20/t

A NI 43-101 technical report to support the disclosure of the mineral resource estimate is being prepared by Consortium Geologica Groupe-Conseil Inc. of Val-D’Or, Québec and will be filed on SEDAR (www.sedar.com) by October 12, 2018.

Qualified Persons

Enforcer’s VP Exploration, Antoine Fournier, PGeo, and Christian D’Amours, PGeo, of GéoPointCom, are both Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the content of this news release.

QAQC

The 2018 Phase 1 drilling program was managed by project operator, SOQUEM, utilizing standard industry procedures and protocols and following a formal quality assurance and quality control (QAQC) program. Further details of the drilling QAQC program are provided in the Company’s June 20, 2018 press release. As project operator, SOQUEM maintains the entire drilling database for the Roger project. Enforcer employs its own QAQC protocol that includes reviewing and verifying the accuracy of the information it receives from SOQUEM. Details of Enforcer’s QAQC program is available on the Enforcer website at: Roger QAQC.

About SOQUEM

SOQUEM Inc., a subsidiary of Ressources Québec, is a leading player in mineral exploration with its mission to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other mineral commodities in Quebec.

About Enforcer Gold Corp

Enforcer Gold Corp is a Canadian-based mineral exploration company and is earning a 50% interest in the advanced-stage Roger project from SOQUEM. Roger hosts the Mop-II gold-copper deposit located 5 km from the historic mining center of Chibougamau, Quebec. Enforcer also holds a 100% interest in the Waswanipi gold project located 125 km west of Chibougamau. Both projects are situated within the prolific Abitibi greenstone belt, which has produced over 180 M oz. of gold and over 450 M tonnes of copper-zinc ore since the early 1900s.

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

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements regarding the Company’s plans with respect to the exploration of its Roger project, the exploration potential and analogous deposit potential of the Roger project and the timing of the Company’s exploration programs. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, the results of exploration activities; the ability of the Company to complete further exploration activities; the ability of the Company to complete transactions on terms announced; timing and availability of external financing on acceptable terms and those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. Enforcer Gold does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE Enforcer Gold

For further information: please visit www.enforcergold.com or contact: Steve Roebuck, President & CEO, T: (647) 496-7984, C: (905) 741-5458, E: contact@enforcergold.com

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Cartier Confirms Mineralization Continuity to a Depth of 1.6 km at Chimo Mine

Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the Corporation) announces that it now has data which confirm the presence of gold mineralization within 20 drill holes completed between 1.0 and 1.6 km at the Chimo Mine project, located 45 km east of Val-d’Or. All holes intersected gold mineralization similar to that at Chimo Mine, to which are added the following new results: 4.7 g / t Au over 5.0 m included within 1.8 g / t Au over 16.6 m and 3.6 g / t Au over 4.0 m included 1.3 g / t Au over 17.4 m (FIGURE).

We now know that the gold mineralization is present in all places drilled under the Chimo mine thus defining the mineralized envelope” commented Philippe Cloutier, President and CEO, adding that “we are expecting over 3,500 lab results to complete the portrait of the gold potential “.  A procedure has just been put in place at the Techni-Lab laboratory (Actlabs) in Ste-Germaine-Boulé (Quebec) to speed up the processing of samples and the reception of results.

The details of the new results received from the laboratory are as follows:

Drill Hole From
(m)
To
(m)
Length
(m)
Au
(g/t)
Cluster of Zones 5
CH17-47AW 1,470.5 1,475.5 5.0 4.7 5M2, 5M, 5B and 5BS
including 1,470.5 1,472.5 2.0 7.2
included within 1,466.7 1,483.3 16.6 1.8
CH17-46B 1,201.3 1,205.3 4.0 3.6
including 1,201.3 1,202.3 1.0 8.9
included within 1,187.9 1,205.3 17.4 1.3
included within 1,187.9 1,233.4 45.5 0.7

Lengths are expressed along drill core axis.  The true thickness was not determined.

The deep drilling program along the depth extension of the Zone 5 cluster, which produced 75% of the ounces extracted from the Chimo Mine, was completed after 11 months of drilling. The program consisted of 20 holes totaling 10,000 m from 2 pilot holes starting at the surface. All of the holes intersected gold mineralization similar to Zones 5 of the Chimo Mine (FIGURE). Mineralization consists of non-refractory arsenopyrite, smoky and / or whitish quartz veins, biotite, and visible gold grains.

The Phase II drilling program is currently underway (August 28th 2018 press release) and aims to focus on the resource development potential of 7 peripheral gold zones to the main cluster of Zones 5.

The reader should view the YouTube VIDEO, available on Cartier’s website.  The 3D video helps visualize the different gold-bearing structures on the Chimo Mine property as well as key components that are the mine infrastructures, the gold-bearing zones, the gold intersection areas left unmined as well as the 281 targets of the ongoing drill program. The gold structures and zones 5M2, 5M, 5B and 5BS are illustrated.

Chimo Mine Project Highlights

About Cartier

Cartier Resources was founded in 2006 and is based out of Val-d’Or, Quebec.  Quebec has consistently ranked high as one of the best mining jurisdictions in the world primarily based on its mineral rich geology, attractive tax environment, and pro-mining government.  In 2017, the Fraser Institute again ranked Quebec as one of the best jurisdictions in the world for investment attractiveness.

Cartier Investment Highlights

  • The Corporation has a strong cash position with over $10M in the bank and important corporate and institutional investors including Agnico Eagle Mines, JP Morgan UK and the Quebec investment funds.
  • Cartier’s strategy is to focus on gold projects that are relatively advanced with significant potential for resource expansion laterally and at depth.
  • The Corporation holds a portfolio of advanced stage exploration projects in the Abitibi Greenstone Belt in Quebec – one of the most prolific mining regions in the world – the commodity focus is gold.
  • The Corporation is focused on advancing its four key projects through drill programs.  All of these projects were acquired at very reasonable valuations over the past few years.  All of them are drill-ready with targets identified similar to the deposits that have been outlined on each project.
  • The Chimo Mine project is a historic gold producer. Three other projects, namely Wilson, Benoist and Fenton, hold historic resource estimates.
  • In 2018, an ongoing program of 105 holes totaling 45,000 m aims to enhance the resource development potential at Chimo Mine.

Quality Assurance / Quality Control

All lengths, mentioned in this press release, were measured along the drill core. The NQ core samples are crushed up to 80% passing 8 mesh sieves and then pulverized up to 90% passing a 200-mesh sieve. Cartier inserts 5% of the number of samples in the form of certified standards and another 5% in the form of sterile samples to ensure quality control. The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boulé, Quebec. The 50 g pulps are analyzed by fire assay and atomic absorption. For samples containing visible gold, 1,000 g of rock are directly analyzed by the “Metallic Sieve” method.

The scientific and/or technical information presented in this press release has been reviewed and approved by Mr. Gaétan Lavallière, P. Geo., Ph. D. and Vice President for Cartier Resources.  Mr. Lavallière is a qualified person as defined by National Instrument 43-101.

For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com
Investor Relations:
Relations Publiques Paradox
514 341-0408

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b1cfa941-a7d7-440d-89ca-56659f0ae94e

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Golden Predator Intercepts 8.5 meters of 5 g/t Gold at Brewery Creek Project; Drilling Extends Known Gold Mineralization over 200 m

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) is pleased to announce the successful completion of a 22 hole exploration and metallurgical drilling program at its 100% owned Brewery Creek Project in Canada’s Yukon, and reports today on the results of the exploration drill program designed to expand the current resource.  Significant gold mineralization was encountered in 8 of the 9 exploration holes increasing known gold mineralization around five zones including Schooner, Sleeman, Lucky, Bohemian and Lone Star.

Highlights of the drill program include:

  • Lucky Zone-Hole BC 18-604 intersected 8.5 m of 5.05 g/t gold from a depth of 29.00 m including 4.0 m of 9.66 g/t gold from a depth of 33.0 m.
  • Schooner Zone-Hole BC 18-597 intersected 6.55 m of 3.03 g/t gold from a depth of 35.75 m and 39.20 m of 1.64 g/t gold from a depth of 52.90 m.
  • Lone Star Zone-Hole BC 18-605 intersected 6.0 m of 0.8 g/t gold from a depth of 50.0 m and 2 m of 21.0 g/t gold from a depth of 86.0 m.

To view Brewery Creek property and drill location maps: http://www.goldenpredator.com/_resources/news/NR-Brewery-Creek-Maps-Exploration-Results-2018.pdf

“We are very pleased with the success of the targeted exploration program which illustrates the untapped exploration potential of Brewery Creek,” said Janet Lee-Sheriff, Chief Executive Officer. “To have hit mineralization away from known holes in a number of different zones and extend the Sleeman Zone for more than 200m along strike establishes a foundation that expands our exploration program to additional targets identified across this large claim block.”

Brewery Creek 2018 Exploration Drilling Program

Prior to drilling the Company identified several new high priority exploration targets that were not previously drilled. The exploration drill program successfully confirmed potential extension of mineralization including:

  • Follow-up drilling on a higher-grade zone from the Lucky pit through the Bohemian Zone where a number of 10.0 g/t gold or higher intervals aligned along an east-west trend;
  • Extension of the Sleeman Zone as suggested by geochemistry;
  • Up-dip, near surface projections of the deeper Lone Star Zone mineralization.

The metallurgical drill program included an additional 13 holes and generated large diameter core (PQ) for metallurgical testing to assess alternate processing technology to enhance economics of the project.  The metallurgical PQ core has been received by SGS Lakefield where it will undergo amenability testing for Vat Leaching.  These tests are expected to be completed and announced by the end of the calendar year.

2018 Brewery Creek Diamond Drill Significant Results

Hole ID1 Zone From (m) To (m) Thickness2 Gold g/t3
BC18-597 Schooner 35.75 42.30 6.55 3.03
and 52.90 92.10 39.20 1.64
including   72.50 87.15 14.65 2.75
BC18-598 Sleeman 34.70 42.70 8.00 0.61
and 49.60 53.60 4.00 0.58
and 59.55 61.55 2.00 0.71
BC18-599 Sleeman 8.00 12.00 4.00 0.42
and 43.00 50.50 7.50 0.93
BC18-600 Sleeman 28.00 31.00 3.00 0.52
and 40.00 44.00 4.00 0.41
and 58.00 60.00 2.00 1.93
and 82.00 84.00 2.00 0.51
BC18-602 Bohemian 44.00 52.00 8.00 1.72
BC18-603 Lucky 52.00 56.00 4.00 0.45
including  78.00 90.00 12.00 1.13
BC18-604 Lucky 29.00 37.50 8.50 5.05
including 33.00 37.00 4.00 9.66
and 48.00 49.50 1.50 0.62
BC18-605 Lone Star 50.00 56.00 6.00 0.80
and 86.00 88.00 2.00 21.00
and 98.00 101.00* 3.00 1.86
1Significant intervals are chosen based on continuity of mineralization and gold grade; all drilled samples assaying ≥0.4 g/t gold are included.  All holes were HQ core holes cut in half for sample submission
2All intervals are reported as drilled thicknesses; true thicknesses are estimated to be 70-100% of drilled thicknesses.
3Reported Au assay grade sourced from SGS using SGS_GO_FAA 505 method.

2018 Exploration Drilling Results

A total of 880 m of exploration drilling was conducted in the Schooner, Sleeman, Lucky, Bohemian and Lone Star Zones.

Sleeman – Three holes extending the known mineralization by over 200 m;

Schooner – Mineralization extended in a sparsely drilled area located 30 and 50 m from previously known mineralization.

Lucky – Drilling was located on the eastern margin of the resource model approximately 25 m from the nearest mineralized hole.

Lone Star – Drilling is located 25 m from the nearest block above cutoff grade in the resource model.

All of these zones remain open to extension. The Company intends to conduct additional exploration drilling at Brewery Creek to follow up on these successful results and drill test several additional untested targets.

Brewery Creek Project, Yukon

The Brewery Creek Project is a past producing heap leach gold mining operation with approximately 280,000 oz Gold produced from seven near-surface oxide deposits along the property’s Reserve Trend from 1996 through 2002. The mine (operated by Viceroy Resource Corporation) shut down primarily due to low gold prices. The 186 km2 property is located 55 km due east of Dawson City, accessible by road.

The 2014 Preliminary Economic Assessment (PEA) resource estimation indicates Indicated oxide resources of 577,000 troy ounces of gold in 14.2 million tonnes at 1.27 g/t gold and Inferred oxide resources of 279,000 troy ounces of gold in 9.3 million tonnes at 0.93 g/t gold. In addition, the resource estimate contains Indicated sulfide resources of 142,000 troy ounces of gold in 3.5 million tonnes at 1.28 g/t gold and Inferred sulfide resources totaling 546,000 troy ounces of gold in 12.4 million tonnes at 1.37 g/t gold(1).

The project is in receipt of all necessary permits required to conduct additional exploration. The Brewery Creek Project holds a Type A Water License and a Quartz Mining License (QML) and a Socio Economic Accord with the Tr’ondek Hwech’in.

Sampling Methodology, Quality Control and Assurance

All analyses for the drill samples from the program were performed by SGS Mineral Services, with sample preparation in Whitehorse, Yukon and final assaying in Burnaby, BC. Drill samples were analyzed using a 50 g fire assay with atomic absorption (AA) finish. (Au-FAA505)

At the project site a total of 70 samples of cut drill core are combined as a single submission batch. Included with the 70 samples are 6 QA/QC samples, comprised of lab certified standards, blanks and field duplicates, (where the two halves of the core interval are sent to lab for separate, comparative analysis). The sample bags of cut core are placed into labelled rice bags, 5 per bag, the last rice bag containing the 6 QA/QC samples. Each rice bag is zip tied closed and a security tag is attached. The sealed rice bags are then placed into a wooden box and the lid secured. The entire sample shipment is tracked with chain of custody protocols that require each new handler of samples to sign and acknowledge receipt of entire sample shipment.

The technical content of this news release has been reviewed and approved by Mark Shutty, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.

Golden Predator Mining Corp.
Golden Predator Mining Corp. is a gold exploration company focused on advancing key projects with significant exploration upside, good infrastructure and community support. The Company is actively exploring on its high-grade gold 3 Aces Project and the advanced Brewery Creek Project, Yukon, a past-producer with a 2014 Preliminary Economic Assessment prepared in accordance with NI 43-101.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-5029
info@goldenpredator.com
www.goldenpredator.com

(1) NI 43-101 Technical Report “Preliminary Economic Assessment for the Brewery Creek Property Yukon Territory, Canada” Release Date of November 19, 2014.

Neither 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Victoria Gold: Eagle Construction Update, Canada’s Next Gold Mine

Victoria Gold Corp. (TSX.V-VIT) “Victoria” or the “Company” is pleased to provide a construction update for the Eagle Gold Project, Yukon Canada. Full construction commenced on March 15, 2018 with first gold pour scheduled for the second half of 2019.

John McConnell, President & CEO commented, “I am very pleased to welcome Dave Rouleau, Vice-President & General Manager, to the senior management team. Dave is a seasoned mine operator and an exceptional addition to the team as we gear up for operations in 2019.” John McConnell continued, “Construction activities are progressing very well and I am encouraged with our on-going success engaging Yukon based companies and First Nation partnered businesses resulting in a high level of Yukon based employment, an important component of building Eagle, Yukon’s next gold mine.”

Recruitment
The Company is pleased to announce David Rouleau has recently joined the senior management team as VP Operations & General Manager for Eagle.

David is a Mining Engineer with over 30 years of operational and management experience. He was recently the VP of Operations with Barkerville Gold Mines Ltd. and prior to that, spent 5 years with Taseko Mines Limited as VP of Operations primarily responsible for the open pit Gibraltar Mine in central British Columbia. David was also a key member of Canadian Natural Resources Limited senior management team while developing the Horizon Oil Sands Project in Fort McMurray. David’s background further includes 17 years with Teck Cominco in various operations and engineering roles at a number of their mine sites. David holds a B. Sc. Mine Engineering Degree from South Dakota School of Mines and a Mine Technology Diploma from the Haileybury School of Mines.

Victoria has recently bolstered its senior project team through the additions of Maintenance, Process and HR Managers; Douglas Desaulniers, Barry Carlson, and Eileen Olivier respectively. Ongoing discussions with candidates to round out the senior project team are progressing well and the Company expects to have the full owner’s team in place in the very near future.

During the month of August, 250 Yukon residents worked on the project representing approximately 44% of the total work force. To date, the average Yukon resident employment at site is approximately 56% with 10% of the total representing local employment from the Mayo area.

Engineering
Overall engineering is now approximately 89% complete and the remaining engineering work is not critical to meet the operations schedule. Engineering remains on track to be substantially complete in October 2018, save for minor engineering support for the remainder of construction through mechanical completion.

Procurement
Total project commitments through the end of August 2017 was C$304 million with C$178 million incurred cost. To date, approximately C$129 million in commitments have been awarded to Yukon based or First Nation partnered companies.

Procurement remains on track with all major procurement packages now complete. All major long lead items have been procured, materially reducing the risk of schedule delays for construction completion and first gold pour in H2 2019. The majority of remaining procurement packages carry short (<8 week) lead-times and enough float that they do not impact the construction schedule.

Primary mobile mining equipment has been delivered to site. Both CAT 6040 front shovels and six of eleven CAT 785 haul trucks have been assembled and commissioned. The balance of the haul truck fleet is in active assembly with the remaining truck boxes currently on route to site.

Major crushing equipment for the primary, secondary and tertiary crushers are all in transit with the majority of equipment now in country and continually being delivered to site.

The overland conveyor and mobile conveying equipment for the course ore stock pile and heap leach facility are currently in manufacturing as are major components of the gold recovery plant.

Site Construction
Total on-site construction work to date exceeds 540,000 hours. There are approximately 380 construction personnel current at site and will reach 430 people in the coming weeks. A strong health, safety and environmental program and culture have been established at site. The Total Recordable Incident Frequency and Lost-Time Incident Frequency Rate were 2.01 and 0.40 respectively as of August 31, 2018.

Major earthworks are well advanced on site. The crusher, gold plant and on-site access road earthworks are substantively complete with only minor work remaining in these areas. The heap leach facility earthworks (including the embankment, pad area and event pond) are advancing well and currently slightly ahead of schedule. This has enabled an early start to liner placement on the heap leach pad which began in early September with nearly 10,000 m2 of the heap leach pad now covered.

Structural concrete emplacement is well advanced and major concrete for the gold and crushing plants are scheduled to be complete by the end of October. Structural steel deliveries have started arriving at site and steel erection at the gold plant has begun.

The power line right of way has been cleared, poles have been delivered and pole placement is set to begin shortly.

About the Dublin Gulch Property
Victoria Gold’s 100%-owned Dublin Gulch gold property is situated in the central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. The Property is accessible by road year-round, and is located within Yukon Energy’s electrical grid.

The Property covers an area of approximately 555 square kilometers, and is the site of the Company’s Eagle Gold Deposit. The Eagle Gold Mine is under construction and is expected to be Yukon’s next operating gold mine. The Eagle and Olive deposits, include Proven and Probable Reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne, as outlined in a National Instrument 43-101 feasibility study. The NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated to host 191 million tonnes averaging 0.65 grams of gold per tonne, containing 4.0 million ounces of gold in the “Measured and Indicated” category, inclusive of Proven and Probable Reserves, and a further 24 million tonnes averaging 0.61 grams of gold per tonne, containing 0.5 million ounces of gold in the “Inferred” category.

Qualified Person
The technical content of this news release has been reviewed and approved by Tony George, P.Eng., as the Qualified Person. For additional information relating to the Property, refer to the technical report entitled “NI 43-101 Feasibility Study Technical Report for the Eagle Gold Project, Yukon Territory, Canada”, with an effective date of September 12, 2016, which is available on the Company’s profile at www.sedar.com.

Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.

For Further Information Contact:
John McConnell
President & CEO
Victoria Gold Corp
Tel: 416-866-8800
Fax: 416-866-8801
www.vitgoldcorp.com

View construction progress photos:

http://www.globenewswire.com/NewsRoom/AttachmentNg/3f88cc86-40a5-4127-b9cf-30af29fb8fc9
http://www.globenewswire.com/NewsRoom/AttachmentNg/e7a72e33-4553-498a-8b5c-9725af8cd039
http://www.globenewswire.com/NewsRoom/AttachmentNg/1fdb792d-e52d-4ea6-8bf0-9a62b9fa66d6
http://www.globenewswire.com/NewsRoom/AttachmentNg/9f4ac23e-d0c5-4344-9a87-4976c1d874aa
http://www.globenewswire.com/NewsRoom/AttachmentNg/8c60a745-080d-43a7-98ce-c8d20e25f146
http://www.globenewswire.com/NewsRoom/AttachmentNg/c09887de-f1cc-4875-a21b-28d1d8d58979

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Infill Drilling Further Enhancing the Marathon Deposit, 1.41 g/t Au over 105.0 meters & 2.67 g/t Au over 42.0 meters, Valentine Lake Gold Camp, Newfoundland

Highlights:

Drilling

  • MA-18-305 intersected 1.41 g/t Au over 105.0 meters including 4.59 g/t Au over 6.0 meters, 7.65 g/t Au over 4.0 meters, 4.90 g/t Au over 2.0 meters and 3.51 g/t Au over 2.0 meters as well as 14.97 g/t Au over 3.0 meters and 4.34 g/t Au over 3.0 meters. This infill hole, located in the NE end of the Marathon Deposit, was designed to penetrate down through a 200-meter vertical gap between existing drill holes on section and confirms the continuity of very good gold grades in this area along the footwall margin of the mineralized corridor (Figure 1).
  • MA-18-308 intersected 2.67 g/t Au over 42.0 meters including 12.84 g/t Au over 4.0 meters, 7.23 g/t Au over 2.0 meters and 7.22 g/t Au over 2.0 meters as well as 11.93 g/t Au over 5.0 meters with 28.34 g/t Au over 2.0 meters and 2.93 g/t Au over 7.0 meters with 11.32 g/t Au over 1.0 meter. This infill hole, located along the hanging wall margin of the main mineralized corridor (Figure 2) was designed prove up continuity of mineralization in an area with less previous drilling and led to re-classify inferred material into the measured and indicated category for the next resource update.
  • MA-18- 304 intersected 9.53 g/t Au over 5.0 meters including 23.30 g/t Au over 2.0 meters and 5.65 g/t Au over 10.0 meters including 12.71 g/t Au over 4.0 meters. This infill hole tested the area between the mineralized corridor and the footwall fault, effectively increasing the width of the mineralized corridor and adding mineralization to the Marathon pit shell.
  • MA-18-306 intersected 5.67 g/t Au over 7.0 meters including 12.26 g/t Au over 3.0 meters and 3.82 g/t Au over 12.0 meters including 9.90 g/t Au over 4.0 meters.
  • MA-18-307 intersected 5.14 g/t Au over 7.0 meters including 15.54 g/t Au over 2 meters.

Program Update

  • Step-out drilling with 2 drill rigs located towards the SW end of the Marathon Deposit are focused on discovering new mineralization in this area of limited previous drilling and adding more ounces of gold to the Marathon Deposit.
  • Infill drilling with 1 drill rig in the SE area of the Victory Deposit area is aimed at re-classifying inferred material into the measured and indicated category for the next resource update. The widely spaced exploration holes to the southwest of Victory are complete and awaiting assay results.

TORONTO, Sept. 19, 2018 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce continued drilling success with the intersection of new wide and continuous intervals of gold mineralization at open-pit depths in both the footwall and hanging wall margins of the main mineralized corridor of the Marathon Deposit (Figure 1 & 2). Drill holes MA-18-305 and MA-18-308 were both highly successful in penetrating wide intervals of high grade gold within en-echelon stacked QTP veining including 1.41 g/t Au over 105.0 meters with 4.59 g/t Au over 6.0 meters, 7.65 g/t Au over 4.0 meters, 4.90 g/t Au over 2.0 meters and 3.51 g/t Au over 2.0 meters in MA-18-305, and 2.67 g/t Au over 42.0 meters including 12.84 g/t Au over 4.0 meters, 7.23 g/t Au over 2.0 meters and 7.22 g/t Au over 2.0 meters in MA-18-308. These infill holes, as well as the other new drill holes, are to decrease the open pit strip ratio and move inferred material into the measured and indicated resource categories.

“These great gold intercepts are expected to add significantly to the upgrading of the next Marathon resource update.” said Phillip Walford, President and CEO of Marathon Gold. “The current program of infill drilling certainly appears to be achieving our primary objectives of adding new ounces of gold to the global resource, moving inferred material into measured and indicated resource category, and decreasing open-pit strip ratios as we move towards a Pre-Feasibility Study.”

TABLE 1: Significant assay intervals, Marathon Deposit, Valentine Lake Gold Camp.

DDH Section From To Core
Length (m)
True
Thickness
(m)
Gold
g/t
Gold g/t
(cut)*
MA-18-304 17260 24 27 3.0 2.9 2.75
54 57 3.0 2.9 4.36
    111 116 5.0 4.8 9.53
including   111 113 2.0 1.9 23.30
347 350 3.0 2.9 2.16
410 418 8.0 7.6 2.23
including 415 418 3.0 2.9 5.20
including 429 432 3.0 2.9 3.62
  462 472 10.0 9.5 5.65
including 462 466 4.0 3.8 12.71
514 517 3.0 2.9 3.11
MA-18-305 17340 87 90 3.0 2.9 4.34
111 114 3.0 2.9 14.97
226 230 4.0 3.8 2.16
  267 372 105.0 99.8 1.41
including 267 268 1.0 1.0 5.21
including 302 303 1.0 1.0 6.52
including 319 325 6.0 5.7 4.59
including 328 330 2.0 1.9 3.51
including 352 354 2.0 1.9 4.90
including 368 372 4.0 3.8 7.65
MA-18-306 17320 129 132 3.0 2.9 5.24
    316 323 7.0 6.7 5.67
including   316 319 3.0 2.9 12.26
355 358 3.0 2.9 3.19
    541 553 12.0 11.4 3.82
including   543 547 4.0 3.8 9.90
MA-18-307 17280 55 58 3.0 2.7 1.22
113 117 4.0 3.6 0.94
    361 368 7.0 6.3 5.14
including   366 368 2.0 1.8 15.44
407 410 3.0 2.7 2.25
440 444 4.0 3.6 2.15
MA-18-308 17240 64 68 4.0 3.8 0.97
    87 111 24.0 22.8 1.32
including   92 95 3.0 2.9 4.11
    147 189 42.0 39.9 2.67
including   147 149 2.0 1.9 7.22
including   157 159 2.0 1.9 7.23
including   171 175 4.0 2.9 12.84
including   179 180 1.0 1.0 4.58
including   188 189 1.0 1.0 7.62
197 200 3.0 2.9 2.44
376 379 3.0 2.9 1.83
    400 407 7.0 6.7 2.93
including   403 404 1.0 1.0 11.32
    427 432 5.0 4.8 11.93 9.85
including   430 432 2.0 1.9 28.34 23.12

*Cut to 45 g/t Au.

Figure 1: Schematic cross section 17340 showing MA-18-305, Marathon Deposit
http://www.globenewswire.com/NewsRoom/AttachmentNg/19b53ba4-99ac-468b-9502-7f9232fd8004

Figure 2: Location of drill hole collars MA-18-304 to MA-18-308, Marathon Deposit
http://www.globenewswire.com/NewsRoom/AttachmentNg/f5916256-30a4-43ae-8c38-dd3657f74905

Acknowledgments

Marathon acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Quality Assurance-Quality Control (“QA/QC”)

Sherry Dunsworth, M.Sc., P. Geo., Senior VP of Exploration, Marathon’s Qualified Person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. Thorough QA/QC protocols are followed including the insertion of blanks and standards at regular intervals in each sample batch. Drill core is cut in half with one half retained at site, the other half tagged and sent to Eastern Analytical Limited in Springdale, Newfoundland. All reported core samples are analyzed for Au by fire assay (30g) with AA finish. All samples above 0.10 g/t Au in economically interesting intervals are further assayed using metallic screen to mitigate the presence of coarse gold. Significant mineralized intervals are reported in Table 1 as core lengths and estimated true thickness (90-95% of core length).

About Marathon

Marathon Gold Corp. is a high-quality growth-oriented gold development company with a long-term strategy of moving the 100% owned Valentine Lake Gold Camp through to production in central Newfoundland. Marathon recently completed a positive PEA that shows an average annual production of 188,500 ounces per year over the first 10 years, payback of 2.8 years, NPV (5%) of $367 million (USD) and an IRR of 25.3%, all after-tax. The Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totaling 2,137,100 oz. of gold at 1.99 g/t and inferred resources totaling 1,104,800 oz. of gold at 1.99 g/t. Most of the resources occur at the Marathon and Leprechaun Deposits. All the deposits are open to expansion. Marathon’s 240 sq. km sized Valentine Lake property has multiple exploration targets to be explored in 2018.

To find out more information on the Valentine Lake Gold Camp please visit www.marathon-gold.com

For more information, please contact:

Christopher Haldane Phillip Walford
Investor Relations Manager President and Chief Executive Officer
Tel: 1-416-987-0714 Tel:  1-416-987-0711
e-mail: chaldane@marathon-gold.com e-mail: pwalford@marathon-gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes “forward-looking statements”. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “considers”, “intends”, “targets”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.  By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation’s public filings, which may be accessed at www.sedar.com.  Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.

 

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Beaver Creek Precious Metals Conference

Conference season is upon us and Beaver Creek – which has become the go to destination for junior explorers and miners is coming up this weekend.

You can see who is presenting and, when the conference gets going, actually watch the presentations here:

http://www.gowebcasting.com/conferences/2018/09/20/precious-metals-summit

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White Gold Corp Acquires & Stakes Properties Around New Discovery on JP Ross Property, Yukon; Management to Present at Upcoming Conferences

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company“) is pleased to announce that it has reached agreement to acquire a 100% interest in a portfolio of mining claims comprising the Henderson, Flow/Work Creek and Birdman properties (collectively, the “Properties”) from Independence Gold Corp. (TSX.V: IGO) (“IGO”) in exchange for an aggregate cash payment of $35,000, 160,000 common shares in the capital of the Company (the “Shares”), and two 1% net smelter return (“NSR”) royalties on the Properties. The Properties are comprised of an aggregate of 920 claims representing approximately 18,000 hectares of land in the White Gold District. The Company has also staked 299 claims adjacent to the JP Ross and Hen properties (the “Staked Claims”). The acquisitions extend the Company’s land package immediately to the west and south of the Company’s JP Ross property in the area surrounding the recently announced discovery and increases the Company’s landholdings in the Yukon to 409,000 hectares. Maps further detailing the property locations can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/405e23c9-2c93-400f-94b4-430d34bf6a37

http://www.globenewswire.com/NewsRoom/AttachmentNg/417c2c63-8198-447c-a355-d3b99f1409f9

Under the terms of the agreements to acquire the Properties, IGO will maintain: (i) a 1.0% NSR royalty over the claims comprising the Henderson property, which can be purchased by the Company at any time for $2,000,000; and (ii) a 1.0% NSR royalty over the claims comprising the Flow/Work Creek property, which can be purchased by the Company at any time for $1,000,000. The Shares to be issued as partial consideration to IGO will be subject to a four month and one day regulatory hold period from the date of closing. The acquisition of the Properties is expected to close this week and remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “Exchange”).

David D’Onofrio, Chief Executive Officer of the Company, stated, “The acquisition of these properties and claims add substantially to our holdings surrounding the recent exciting discovery on JP Ross and further expands our dominant position in the White Gold District.  We are looking forward to the additional results from the exploration conducted on JP Ross and our other targets to be released in due course.”

Newly Acquired and Staked Property Information
The acquisition of the Properties and the Staked Claims consolidates and expands the Company’s already substantial land position in the White Gold District and adds strategic land surrounding the site of the recent discovery at the Vertigo target.

The Henderson property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels that overlie inferred fault intersections at two places on North Henderson Creek. There are indications that known mineralized structures on the Companies JP Ross property continue onto the Henderson property.

The Staked Claims are immediately south of the Company’s JP Ross property in the area surrounding the Vertigo discovery. The Company staked 275 claims adjacent to the JP Ross property and 24 claims adjacent to the Company’s Hen property.

Included in the Properties are Flow/Work Creek and Birdman which are also contiguous to properties owned by the Company.

Upcoming Conferences
Management of the Company will be presenting at several upcoming conferences to provide a corporate update, answer questions and provide details on the recent discoveries and have also been selected for special group presentations as follows:

Precious Metals Summit
Beaver Creek, Colorado – September 20-22, 2018
Presentation: Thursday, September 20, 2018 at 3:30-3:45 PM in Room 1 – Heritage Hall, Ford Center
More Information: http://www.precioussummit.com/event/2018-summit-colorado/

Denver Gold Forum
Colorado Spring, Colorado – September 23-26, 2018
Presentation: Monday, September 24, 2018 at 4:45-5:00 PM in Broadmoor Hall F
More Information: https://www.denvergoldforum.org/

Please reach out to management if you would like to book a meeting at either of these conferences.

About White Gold Corp.
The Company owns a portfolio of 20,501 quartz claims across 30 properties covering over 409,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For
more information visit www.whitegoldcorp.ca.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the acquisition of the Properties and the Staked Claims, timing and completion of the acquisition of the Properties, and the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any mineral resource will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the acquisition of the Properties and the Staked Claims and the exploration conducted and proposed to be conducted at the White Gold properties; failure to identify mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

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White Gold Corp. Announces New High-Grade Gold Discovery from Surface on JP Ross Property, Including Mineralization of 56.25 g/t Au over 3.05m within Broader Mineralization of 17.34 g/t Au over 10.67m & 45.0 g/t Au over 3.05m within Broader Mineralization of 9.65 g/t Au over 15.24m at Vertigo Target

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce initial drill results from the Vertigo target on the JP Ross property, Yukon. The Rotary-Air-Blast (“RAB”) drilling followed up on high-grade GT Probe results on the property announced on August 14, 2018. Results received to date include the first 10 of 17 RAB holes, with the balance expected in the near future. A Reverse Circulation (“RC”) drill is currently on site to further test the Vertigo target. Maps further detailing hole locations and results can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • JPRVERRAB18-001 intersected 56.25 g/t Au over 3.05m from 3.05m depth, within a broader intercept of 17.34 g/t Au over 10.67m, which are amongst the highest grades ever encountered in the White Gold district.
  • 75m to the west of JPRVERRAB18-001, JPRVERRAB18-011 intersected 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m.
  • At least 10 individual mineralized zones (V1 to V10) have been recognised over a 350m x 1,000m area, with individual zones having been traced up to 400m along strike with all zones open along strike and at depth.
  • The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of the existing road.
  • 17 RAB holes have been completed on the Vertigo target and assay results for the remaining 7 RAB holes will be released in due course.
  • An RC drill has been moved to the Vertigo target to further test the new discovery.

“We are very excited about the results from the Vertigo target confirming the discovery of multiple zones of high-grade, near-surface gold mineralization over 200m of strike length on the JP Ross property. These are very significant results for a first-round drill program and we are eagerly anticipating the additional results from the remaining holes on this new target,” stated Jodie Gibson, VP Exploration of the Company.  “Our systematic approach to exploration has quickly advanced the Vertigo and we are looking forward to further exploring this exciting new discovery.”

Exploration Work on Vertigo Target
A total of 917.45m of RAB drilling over 17 holes was completed on the Vertigo target to follow up on previously announced GT Probe results from the area that yielded results ranging from trace to 29.1 g/t Au, including samples returning 6.5 g/t Au, 3.4 g/t Au and 3.3 g/t Au within 2m of surface on previously untested structures.

Several of the RAB holes failed to reach full depth due to difficult ground conditions adjacent to or within the mineralized zones. The RAB was therefore converted to an RC system to improve recoveries. To date 677.63m of RC has been completed over 8 holes and drilling is ongoing, with a focus on testing all the known zones of mineralization and follow up on areas of significant mineralization identified during the initial phase of RAB drilling.

Drill Results
Results for 10 of the initial 17 RAB holes from the Vertigo target have been received and are discussed below. Individual assays ranged from trace to 73.5 g/t Au and are associated with strongly elevated Ag, Pb, Bi, +/- As. All reported holes were drilled either due north (000o) or due south (180o) at dips ranging from -55o to -85o and cover a 200m strike extent along the western portion of the target area. A minimum of 3 of the known mineralized structures (V3 – V5) were tested by the reported drilling. The most significant results were obtained from holes JPRVERRAB18-001, 009, 010, & 011.

JPRVERRAB18-001
JPRVERRAB18-001 was drilled adjacent to historic trench JRVE10T0008(1) targeting a 5m section that averaged 4.28 g/t Au on the V4 zone. The hole was oriented to the south at a -60o dip, and intersected a 10.67m interval averaging 17.34 g/t Au from 3.05m depth; including a 3.05m interval averaging 56.25 g/t Au from 3.05m depth. The gold mineralization was also associated with 38.8 g/t Ag and 0.61% Pb over the upper 3.05m mineralized interval.

JPRVERRAB18-009 & 010
JPRVERRAB18-009 & 010 were drilled 115m to the E-SE and 135m to the NE of JPRVERRAB18-001 targeting the V3 and V5 structures respectively. JPRVERRAB18-009 was drilled to the north at a -60o dip and intersected 13.4 g/t Au over a 1.52m zone from 38.1m depth. JPRVERRAB18-010 was drilled to the south at a -65o dip and intersected 15.3 g/t Au over a 1.52m zone from 16.76m depth.

JPRVERRAB18-011
JPRVERRAB18-011 was drilled 75m to the west of JPRVERRAB18-001 along the western projection of the V3 zone. The hole was oriented to the south at a -65o dip and returned 15.24m of 9.65 g/t Au from 1.52m depth; including 3.05m of 45 g/t Au from 1.52m depth. The gold mineralization was also associated with 33.4 g/t Ag and 0.55% Pb over the upper 3.05m mineralized interval.

Interpretation of the results is ongoing, and there is not currently enough information to estimate true thickness of the mineralized zones.

Significant drill results from the Vertigo target are detailed in the table below.

Hole ID From(m) To(m) Interval(m) Au(g/t)
JPRVERRAB18-001 3.05 13.72 10.67 17.34
Including 3.05 6.1 3.05 56.25
JPRVERRAB18-003 32 35.03 3.05 3.11
JPRVERRAB18-004 19.81 21.34 1.52 3.73
JPRVERRAB18-005 Assays In Progress
JPRVERRAB18-006 21.34 22.86 1.52 0.76
JPRVERRAB18-007 12.19 13.72 1.52 2.37
And 44.2 45.72 1.52 1.85
And 82.3 83.82 1.52 4.83
JPRVERRAB18-008 1.52 3.05 1.52 4.11
And 33.52 35.05 1.52 3.40
JPRVERRAB18-009 38.1 39.62 1.52 13.40
JPRVERRAB18-010 16.76 18.29 1.52 15.30
And 64.01 65.53 1.52 1.07
JPRVERRAB18-011 1.52 16.76 15.24 9.65
Including 1.52 4.57 3.05 45.00
JPRVERRAB18-012 Assays In Progress
JPRVERRAB18-013 Assays In Progress
JPRVERRAB18-014 Assays In Progress
JPRVERRAB18-015 Assays In Progress
JPRVERRAB18-016 Assays In Progress
JPRVERRAB18-017 Assays In Progress

Vertigo Target, JP Ross Property
The Vertigo target is located on the Company’s JP Ross property, approximately 75km south of Dawson City, Yukon and 25km north of the Golden Saddle deposit. The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of an existing road.

Mineralization on the Vertigo consists of brecciation, quartz veining, and strong sericite alteration with disseminated to vein-controlled pyrite, arsenopyrite, galena, bismuthinite and locally visible gold. At least 10 individual zones (V1 to V10) are currently recognised over a 350m x 1000m area, with individual zones having been traced up to 400m along strike and all are currently open along strike and at depth. The mineralized zones are associated with a series of W-NW trending, steeply dipping structures and splays associated with a regional-scale fault system that has been traced over 12km. Four additional target areas are currently recognised along this trend and follow-up geologic mapping and prospecting is ongoing.

The JP Ross property is comprised of 2,251 quartz claims covering over 46,000 hectares of exploration ground which currently has at least 14 known anomalous trends including the Vertigo, and numerous placer gold bearing creeks. The property is located 25km north of the Company’s flagship White Gold property which has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold. Historic exploration performed on the JP Ross property by Underworld Resources and Kinross Gold includes geochemical surveys, trenching, airborne magnetic and radiometric surveys, and 8,592m of diamond drilling over 64 holes. 14 target areas are currently known and large portions of the property are unexplored. Key areas identified as priorities in 2018 include the Vertigo, Rebecca and Sabotage Trends.  Historic work on the Vertigo target work(1) performed in the area including trench results of 4.28 g/t Au over 5m within a broader sampling range of up to 1.05 g/t Au over 45m, and a historic drill hole which intersected 17.9 g/t Au over 1 m.

   (1) Reported in Yukon Assessment Report #096205

About White Gold Corp.
The Company owns a portfolio of approximately 20,000 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. with a M&I gold resource(2) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(2) of 8.9M oz Au and 4.5B lb Cu. The Company has outlined an aggressive exploration plan backed by partners Agnico Eagle Mines Limited and Kinross Gold Corp. For more information visit www.whitegoldcorp.ca.

   (2) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

QA/QC
The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

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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 hole From To Length*** Au Ag Cu Mo AuEq* CuEq*
  m m m g/t g/t % % g/t %
PR18-09, September 6, 2018 (This News Release)
 RVD18-19 196.00  512.00  316.00  1.101  5.0  0.270  0.020  1.79  1.09 
 Including 338.75  418.50  79.75  2.481  6.9  0.378  0.017  3.34  2.03 
 RVD18-20 202.00  312.50  110.50  0.452  3.7  0.187  0.004  0.85  0.51 
 Including 234.00  288.50  54.50  0.728  7.0  0.305  0.007  1.38  0.84 
 RVD18-21 350.00  433.50  83.50  0.704  7.1  0.137  0.003  1.04  0.63 
 Including 371.57  422.50  50.93  1.080  11.0  0.193  0.003  1.56  0.95 
PR18-08, August 23, 2018
 RVD18-05 375.00 524.26 149.26 0.300 2.5 0.152 0.016 0.72 0.44
 Including 484.75 524.26 39.51 0.679 5.0 0.248 0.027 1.38 0.84
 Including 508.75 524.26 15.51 0.807 6.0 0.274 0.034 1.63 0.99
 RVD18-16 170.50 265.00 94.50 1.532 5.8 0.279 0.013 2.18 1.33
 Including 241.50 258.00 16.50 3.440 10.2 0.464 0.031 4.60 2.80
 RVD18-17 287.00 489.10 202.10 0.874 5.8 0.256 0.014 1.50 0.91
 Including 310.47 435.60 125.13 1.240 7.0 0.310 0.010 1.93 1.17
PR17-13, November 2, 2017
RVD17-01 369.62 464.00 94.38 0.34 3.9 0.169 0.022 0.86 0.52
RVD17-13 112.00 169.00 57.00 1.08 6.6 0.285 0.020 1.82 1.10

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 hole From To Length*** Au Ag Cu Mo AuEq* CuEq*
  m m m g/t g/t % %    
 RVD18-19 196.00 512.00 316.00  1.101  5.0  0.270  0.020  1.79  1.09 
 Including 338.75 418.50 79.75  2.481  6.9  0.378  0.017  3.34  2.03 
 RVD18-20 98.00 118.00 20.00 0.450 1.5 0.113 0.002 0.67 0.41
 And 202.00 312.50 110.50  0.452  3.7  0.187  0.004  0.85  0.51 
 Including 234.00 288.50 54.50  0.728  7.0  0.305  0.007  1.38  0.84 
 RVD18-21 238.00 240.00 2.00 3.810 0.0 0.045 0.000 3.89 2.36
 And 350.00 433.50 83.50  0.704  7.1  0.137  0.003  1.04  0.63 
 Including 371.57 422.50 50.93  1.080  11.0  0.193  0.003  1.56  0.95 
 And 531.00 540.00 9.00 1.126 1.8 0.112 0.024 1.54 0.94
 RVD18-18 60.00 62.00 2.00 6.450 0.0 0.017 0.001 6.49 3.94
 RVD18-22 348.00 350.00 2.00 7.410 0.0 0.017 0.000 7.44 4.52
 RVD18-23 44.20 115.00 70.80 0.395 0.2 0.050 0.000 0.48 0.29
 Including 44.20 50.29 6.09 1.025 0.0 0.070 0.000 1.14 0.69
 Including 74.00 85.00 11.00 0.867 0.4 0.091 0.000 1.02 0.62
 And 272.00 305.96 33.96 0.302 0.0 0.023 0.000 0.34 0.21
 And 394.72 400.00 5.28 0.373 6.6 0.082 0.002 0.61 0.37
 And 443.66 445.00 1.34 0.700 5.0 0.542 0.015 1.78 1.08
 RVD18-24 15.00 38.00 23.00 0.570 1.0 0.080 0.001 0.72 0.44
 And 324.30 349.50 25.20 0.337 2.3 0.040 0.004 0.46 0.28
 And 459.00 468.11 9.11 0.552 1.2 0.036 0.000 0.63 0.38
 RVD18-25B 164.00 185.00 21.00 0.524 0.3 0.054 0.002 0.63 0.39

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

Drill Hole Easting** Northing** Azimuth Inclination Total Depth
(m)
     RVD18-18 383355 6913378 295 -50 198.12
 RVD18-19 383365 6913482 211 -55 550.16
 RVD18-20 383301 6913266 000 -72 335.58
 RVD18-21 383299 6913161 000 -70 582.47
 RVD18-22 383381 6913272 355 -65 391.67
 RVD18-23 383389 6913156 000 -65 525.78
 RVD18-24 383288 6913310 060 -70 529.13
 RVD18-25B 383109 6913104 008 -70 661.40

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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