Trifecta Gold Ltd. Begins Exploration at Yuge Property in Nevada
May 02 2018 - 9:33AM
Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta”) is
pleased to announce that it has begun exploration work on the Yuge
Property with partner Silver Range Resources Ltd. (TSX-V:SNG)
(“Silver Range”).
“Personnel are on the ground now to begin
detailed geological mapping, sampling and prospecting in
anticipation of a geophysical program and diamond drilling later
this year,” stated Dylan Wallinger, Trifecta’s President and Chief
Executive Officer. “We are excited to follow up on excellent
historical results that appear to have been overlooked since the
early 1980s.”
The Yuge Property is located in Humboldt County,
approximately 55 km south of Denio in the Varyville Mining
District. The property covers the Columbia and Juanita Mines which
produced on a small scale between 1870 and 1937. The most recent
reported production was 2,350 tons of oxide ore in 1936-37 from the
Columbia Mine.
Gold on the Yuge Property occurs with
arsenopyrite in mesothermal quartz veins and adjacent wall rock.
These occur in sub-parallel shear zones up to 60 m wide and over
1,200 m long. Selected surface grab samples collected on the
property by the Nevada Bureau of Mines and Geology returned assays
up to 15 g/t Au and similar samples collected by
Homestake Mining Company assayed up to 53.0 g/t
Au. The highest gold grades were reported from
near-surface oxidized vein material where documented run-of-mine
sorted ore assayed greater than 34 g/t Au and
reported sampling of a crown pillar returned 2.4 m @ 16.8
g/t Au including 0.6 m @ 50.7 g/t Au.
Sulphide mineralization occurs at depths greater than 30 m with
arsenopyrite-rich material reportedly assaying greater than
17.4 g/t Au. A reported true-width drill
intersection in this material at 49 m depth returned 3.3 m
@ 9.70 g/t Au. Historical drilling intersected gold
mineralization or open stopes in all holes reported but only to a
maximum depth of 100 m. Trifecta believes there is considerable
potential to discover similar mineralization at depth given the
mesothermal character of the veins and shears and the considerable
depth extent of gold mineralization in deposits of this class.
Additional information on the Yuge Property may
be found on Trifecta’s website at www.trifectagold.com.
Historical data cited in this press release is
based on reports by Homestake Mining Company, Westamerica
Enterprises and Extension Energy Inc. This data has not been
independently verified by Trifecta but has been checked for
internal consistency and against Nevada Bureau of Mines and U.S.
Bureau of Mines public domain data. Technical information in this
news release has been approved by Heather Burrell, P.Geo., a
geologist with Archer, Cathro & Associates (1981) Limited and a
Qualified Person for the purposes of National Instrument
43-101.
About Trifecta Gold Ltd.
Trifecta is a Canadian precious metal
exploration company dedicated to increasing shareholder value
through the acquisition and development of attractive exploration
projects in Canada and other mining-friendly
jurisdictions.
ON BEHALF OF THE BOARD
“Dylan Arnold-Wallinger”
President and Chief Executive Officer
For further information concerning Trifecta or
its various exploration projects please visit our newly updated
website at www.trifectagold.com or contact:
Corporate
Information |
Trifecta
Gold Ltd.Dylan WallingerPresident and CEOTel: (604) 687-2522 |
This news release may contain forward looking
statements based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate
as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected
results.
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 release.
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