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Gold-rich Blue Sky at Freegold Mountain

 

Last updated 9/21/2018 at 6:05am

Blue Sky gold copper porphyry at Freegold Mountain Yukon

Triumph Gold Corp.

A double rainbow arcs over Triumph Gold's Freegold Mountain project in Yukon's Dawson Range.

Triumph Gold Corp. Sept. 12 reported that drilling has cut long sections of gold-rich porphyry-style mineralization in the Blue Sky zone on at the road accessible, Freegold Mountain project in the Yukon.

The best intercept so far from drilling at Blue Sky was 316 meters of 1.1 grams per metric ton gold, 0.27 percent copper, 5 g/t silver and 0.02 percent molybdenum in hole RVD18-19, which includes 79.75 meters of 2.48 g/t gold, 0.38 percent copper, 6.9 g/t silver and 0.02 percent molybdenum.

"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," said Triumph Gold President and CEO Paul Reynolds.

Other highlights from the latest round of drill results from Blue Sky include 110.5 meters of 0.45 g/t gold, 0.19 percent copper and 3.7 g/t silver in RVD18-20; and 83.5 meters of 0.7 g/t gold, 0.14 percent copper and 7.1 g/t silver in RVD18-21.

Triumph Gold has just completed a roughly 17,500-meter drill program this year at Freegold Mountain, where the company has already outlined two porphyry-related gold-copper deposits – Nucleus and Revenue.

The Nucleus deposit hosts 74.74 million metric tons of indicated resource averaging 0.54 g/t (1.3 million ounces) gold and 0.06 percent (105.3 million pounds) copper; plus 63.79 million metric tons of inferred resource averaging 0.4 g/t (800,000 oz) gold and 0.05 percent (491,800 lb) copper.

The Revenue deposit, which lies east of Nucleus, hosts 80.8 million metric tons of inferred resource averaging 0.39 g/t (1 million oz) gold and 0.14 percent (241.4 million lb) copper.

Since 2016, Triumph Gold has focused its Freegold Mountain exploration on a 6,000-meter-long soil and geophysical anomaly that encompasses the Revenue and Nucleus areas. the Blue Sky zone covers a broad area extending 2,300 meters east of Revenue to the eastern margin of the anomaly.

Revenue Nucleus Blue Sky drill target map Freegold Mountain Yukon

Triumph Gold Corp.

Triumph first tapped Blue Sky in 2017. One such hole, RVD17-13, cut 57 meters of 1.08 g/t gold, 6.6 g/t silver, 0.28 percent copper and 0.02 molybdenum. Three previously released 2018 holes demonstrated both high-grade and contiguous mineralization for up to 202 meters at Blue Sky. One of these holes, RVD18-17, cut 125.13 meters of 1.24 g/t gold, 7 g/t silver, 0.31 copper, and 0.01 molybdenum.

The latest batch of results add to the size and grade of the Blue Sky porphyry, which continues to be a focus of exploration at Freegold Mountain.

Work at Blue Sky includes deep penetrating induced polarization and infill magnetic geophysical surveys; infill soil surveys over Revenue East and Blue Sky; roadbuilding and trenching have exposed new outcrops in the Blue Sky zone, which are being mapped and prospected; and expert porphyry and structural geology consultants have been brought to the Freegold Mountain Property to conduct reviews of the Blue Sky porphyry.

–SHANE LASLEY

 

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