Ticker Symbol: TSX-V: TIG
Country: Vancouver, BC Canada
Project Status: Explorer | Developer
Triumph Gold Corp. (TSXV:TIG) is a precious metals exploration and development company focused on advancing the district-scale Freegold Mountain project in Yukon. The property hosts three known deposits with a combined NI 43-101 resource estimate of 3.25 million ounces of gold, as well as multiple showings with excellent blue sky potential.
The company has expended $35 million in exploration work under former management, let alone the 86 years of data collected altogether. New expert examination of the data has led to the planning of a low-cost exploration program with drilling anticipated to commence in May 2017.
Triumph Gold is led by a strong management team with decades of experience in mineral exploration. Chairman John Anderson has revamped the company with a new Board, new management and a collection of strong value added shareholders. President Paul Reynolds is a professional geoscientist well-versed in managing public companies. Dr. Tony Barresi was just hired VP of Exploration after spending the previous exploration season on the property and came up with 4 new discoveries to follow up on from Data mining and field work.Dr. Barresi is a professional geologist who has worked for both Yukon and BC government geological surveys.
Plans and Latest Developments:
Triumph Gold’s Freegold Mountain project is located in the Dawson Range and covers a highly prospective section of the Big Creek fault zone. The project is endowed with three significant mineral deposits. This includes the Nucleus Au deposit, the Revenue Cu-Au-Mo-Ag deposit and the Tina Hill Poly-metallic vein system as well as numerous other gold showings.
• Combined 3.25 million-ounce gold resource at district-scale Freegold Mountain
• A Distrct size play of 35 km long and over 200 sq. km.
• Three 43-101 deposits with resources that are all open for growth
• Positive results from metallurgical work with over 97% AU recoveries.
• Excellent infrastructure with a Government maintained road going right through the entire property and roads to all deposits and targets
• Good jurisdiction straight forward permitting and support from government and local communities.
• Data mining of $35 million database allows for low-cost exploration.
• Four newly defined exploration opportunities.
• Excellent cash position with $7.2 million in the bank.
• Highly experienced management and technical team.
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