Triumph Gold Corp.
Triumph Gold Corp. is a Canadian-based Gold and Copper exploration and development company located in Yukon, Canada, home of the famous Klondike Gold Rush. Triumph Gold is currently drilling the deepest holes into the Yukon's richest porphyry system on its 100%-owned district scale Freegold Mountain Project. The Freegold Mountain Project is located in the Dawson Range gold-copper belt, host to the Newmont Goldcorp's Coffee project, 12 year running Minto Mine, as well as the Casino Copper deposit, and the Klaza gold deposit.
Within the district, the Big Creek Fault is recognized as a controlling structure related to many of the most important deposits. Triumph Gold's Freegold Mountain project is ideally situated within the Dawson Range along the only road accessible portions of the Big Creek Fault allowing for cost effective exploration and development.
Triumph Gold Corp. has a leadership team with a collective history of exploration success as well as capital raising ability.
Freegold Mountain Project, Yukon Territory
The road accessible, district scale (~200 sq. km) Freegold Mountain gold-copper project is located within the Dawson Range, approximately 70 km northwest of Carmacks, Yukon Territory, a stable, mining friendly jurisdiction in northwestern Canada. The impressive land package is 35 km long and 200 sq. km., essentially 5x bigger than Manhattan and 1/3 size of Hong Kong Since Triumph Gold acquired the property in 2006 more than 20 mineralized zones have been identified and NI 43-101 mineral resources have been delineated at the Revenue, Nucleus and Tinta Hill deposits. The Company continues to aggressively explore, building ounces at the existing deposits and evaluating the multitude of other targets located on the property.
Exploration Step-out Strategy
2016: focussed study identifies high-temperature, porphyry-style mineralization beyond limits of known resource within Revenue-Nucleus soil anomaly — new targets generated
2017: exploration drilling intersects the WAu Breccia and a more-distal zone of high grade Au and Cu mineralization — what would become the Blue Sky Porphyry
2018: extent of the WAu Breccia defined along with successful discovery and exploration of the Blue Sky Zone — now Yukon's longest and highest grade intercept of a Au-Cu porphyry
2019 drilling will utilize new soil and geophysical data to target other near surface high-grade zones and an underlying causative intrusion
In June 2019, Triumph Gold commenced a Landmark Drill Program on the Freegold Mountain Property, testing beneath the gold rich Blue Sky Porphyry and WAu Breccia
Phase I drilling will comprise a minimum of 5,000 metres in five holes that target high grade, gold rich, copper gold porphyry style mineralization intersected during the 2018 drill program.
Catalysts and Opportunities
Tad / Toro Project, Yukon Territory
Andalusite Peak Project, British Columbia
Management and Directors
John Anderson, Chairman of the Board and Director
Founding General Partner in Aquastone Capital LLC, and raised + $50 million for Triumph Gold
Over 20 years of experience in capital markets, providing financing, investor relations, and corporate development services
Tony Barresi, Ph.D., P.Geo., Vice President, Exploration
Economic geologist with more than 15 years of base and precious metal exploration experience and a track-record of successful exploration programs from grassroots and brownfields
Specializes in exploration of porphyry, epithermal, and volcanogenic massive sulfide deposits
Rakesh Patel, CPA, CA, Chief Financial Officer
Partner at DMCL Chartered Professional Accountants; treasurer and director at Operation Rainbow Canada
Joseph Campbell, P.Geo., Director
Marco Strub, Director
Gregory Sparks, P.Eng., Director
Triumph Gold Corp. has completed its financings for its 2019 campaign. Drilling is underway and expects results from its deep drilling campaign from August through to the end of the year.
On July 26, 2019, Triumph Gold Corp. announced that the Company has recently completed a private placement financing raising gross proceeds of $5,122,913 ($2,960,315.40 flow-through and $2,162,597.85 non-flow-through) and issued 6,041,460 flow-through units at 49 cents per flow-through unit and 6,178,851 units at 35 cents per unit.
The Company's 2019 phase I drill campaign is approximately 50 per cent complete. The Company is issuing 2.85 million options to officers and directors. The options are priced at 55 cents and are valid for a period of five years.
On July 24, 2019, Triumph Gold Corp. announced that it has completed the final tranche of its non-brokered private placement, which is described in its news release dated May 9, 2019. In connection with the final tranche closing of the Offering, the Company issued an aggregate of 1,400,000 flow through units (the "FT Units") at a price of CDN$0.49 per FT Unit for aggregate gross proceeds of CDN$686,000.