Trifecta Gold Ltd. Announces 2017 Exploration Results from Trident Property

VANCOUVER, British Columbia, Nov. 13, 2017 (GLOBE NEWSWIRE) — Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta” or the “Company”) announces the results from surface sampling and diamond drilling at its road-accessible Trident property located in the White Gold District of the Dawson Range Gold Belt in western Yukon.

Diamond drilling in 2017 at the Trident property totaled 546.5 m in five holes.  The purpose of the 2017 campaign was to test the extent of previously discovered mineralization (1.55 g/t gold and 114 g/t silver over 21.0 m in a 2013 diamond drill hole) down-dip and along strike.  Trifecta’s drilling yielded elevated gold and silver assays to a maximum of 2.1 g/t gold and 325 g/t silver over 1.19 metres.  Significant intersections are tabulated below and a map showing drill hole locations is available on Trifecta’s website.

Significant Drill Intersections – Exploits Zone, Trident Property

Hole ID From (m) To (m) Interval (m)+ Au (g/t) Ag (g/t) Zn (%) Pb (%)
SE-17-001 48.30 50.43 2.13 1.425 36.60 0.053 0.097
SE-17-001 88.00 93.00 5.00 0.665 21.56 0.245 0.177
SE-17-001 99.00 101.45 2.45 1.048 21.79 0.202 0.120
SE-17-002 56.46 59.36 2.90 0.419 21.22 0.005 0.108
SE-17-002 77.40 86.64 9.24 0.762 74.13 0.427 0.415
Including 80.96 82.15 1.19 2.100 325.00 0.889 1.195
SE-17-003 10.00 13.00 3.00 0.598 0.14 0.011 0.002
SE-17-004 81.18 86.35 5.17 0.534 46.42 0.608 0.492
Including 82.26 83.86 1.60 1.010 97.70 1.190 1.055
SE-17-005 70.76 77.00 6.24 0.526 23.40 0.339 0.156
SE-17-005 91.20 92.50 1.30 0.612 52.30 0.755 0.513

+ Represents the diamond drill hole sample length.  True widths are estimated to be approximately 80-90% of the interval, except in hole SE-17-001, where true widths are estimated to be approximately 50-60%.

The 2017 drill intersections may differ from those encountered in 2013 due to reduced oxidation of the mineralized zone at depth, the presence of intense faulting, and/or structural influence.

Concurrent with the diamond drilling, Trifecta collected a total of 1158 soil samples from the property.  This sampling identified large areas of anomalous lead, silver and zinc values, with scattered gold support.  Anomalous soil values ranged from 200 to 1095 ppm lead, 2 to 5.4 ppm silver, 200 to 1610 ppm zinc and 20 to 52 ppb gold.

“While our initial drill program did not replicate the historic intersection, the mineralized horizons were intersected where anticipated, and the target remains open down-dip and along strike in both directions,” stated Dylan Wallinger, Trifecta’s President and Chief Executive Officer.  “Additionally, soil sampling identified promising new targets.  In particular, the roughly 2000 m long, 1000 m wide area of gold-silver-lead-zinc soil anomalies on the CH claim block could potentially suggest volcanogenic massive sulphide mineralization.  Follow-up work is warranted in order to determine the source of the anomalous soils and the placer gold that has been mined from creeks on the property.”

Field exploration was also carried out on other Trifecta projects in Yukon.  Soil sampling was conducted at Trifecta’s road-accessible Eureka property which is located between Klondike Gold Corp.’s Klondike project and White Gold Corp.’s Black Hills property.  Soil sampling, hand trenching and prospecting was done at the Company’s Triple Crown and Treble properties, both located midway between Goldcorp’s Coffee Deposit and Rockhaven Resources’ Klaza Deposit.  Results from this work will be reported once they have been received and compiled by the Company.

QAQC

Sample preparation for 2017 was carried out by ALS Minerals in Whitehorse, before being sent to North Vancouver for analysis.  Rock and drill core samples were dried and fine crushed to better than 70% passing -2 mm before a 250 g split was pulverized to better than 85% passing 75 micron.  They were then analyzed for 48 elements using a four acid digestion and inductively coupled plasma-atomic emission spectroscopy (ME-MS61). Samples that exceeded the detection limits of the routine methods were assayed for silver, lead and zinc by inductively coupled plasma-atomic emission spectroscopy (Ag/Pb/Zn-OG62). Soil samples were dried and screened to -180 microns before being analyzed for 35 elements by aqua-regia acid digestion and analyzed by Inductively Coupled Plasma-Atomic Emission Spectroscopy (ME-ICP41).  All samples were analyzed for gold by fire assay fusion and inductively coupled plasma-atomic emission spectrometry (Au-ICP21).

Rigorous procedures were in place regarding sample collection, chain of custody and data entry.  Certified assay standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the sample stream to ensure integrity of the assay process.  All of the results reported have passed the QAQC screening.

The 2017 program was managed by Archer, Cathro & Associates (1981) Limited (“Archer Cathro”).  Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer Cathro and a qualified person for the purpose 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 website at www.trifectagold.com or contact:

Corporate Information
Trifecta Gold Ltd.
Dylan Wallinger
President and CEO
Tel: (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.

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is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.