First Drill Program Validates Discovery Potential At Rye Project

VANCOUVER – Trifecta Gold Ltd. reported on the first three holes of its six-hole inaugural drill program at the Rye Project. Rye is situated 14 km from the North Canol Road in the eastern portion of Yukon’s prolific Tombstone Gold Belt between two mid-Cretaceous granitic intrusions, the Itsi and Itsi East plutons. Trifecta Gold has the right to earn 100% ownership of Rye.
“The Trifecta team is very pleased to confirm the prospectivity of the Rye Project” states Richard Drechsler, President and CEO. “With both widespread gold and discrete high-grade gold mineralization intersected surrounding the Itsi Pluton. Results to date demonstrate that the large hydrothermal system we see on surface and in drill core is both gold-enriched and likely driven by the reduced Itsi Pluton.”
Trifecta’s maiden drill program intersected varying densities of sheeted quartz +/- indicator element veining in all holes, with the most abundant veining reported in Holes RY-25-01 & 06. Hole RY-25-01 drilled a 224 m long zone (from surface) of hornfels-altered siliciclastic rocks hosting an abundance of sheeted veining encompassing two broad gold-rich intervals. The top interval returned a composite result of 1.98 grams of gold per tonne (g/t gold) over 14.99 m,from94 m downhole. Each of the 15 samples comprising this interval assayed over 1 g/t gold. A second interval further downhole returned 0.309 g/t gold over 10 m.
Hole RY-25-02 was collared 360 m to the southwest of RY-25-01, flanking the mapped extent of the Itsi Pluton. While sheeted vein density was substantially lower than observed in the first hole, gold results from an intersection of quartz veining in this hole yielded 44.3 g/t gold over 0.58 m, from 26.42 m. The hole cut predominantly hornfelsed siliciclastics, along with several narrow intervals of intermediate dykes and irregular, patchy granodiorite.