TSX.V:TG   $0.110

Trident Gold Project

Highlights

  • Located 60 km northwest of White Gold Corp.'s White Gold deposit and 75 km northwest of Goldcorp's Coffee Deposit, within the White Gold district.
  • Lies within the Matson Creek Placer Gold Camp.
  • Road accessible, and has a gravel airstrip.
  • Very limited drilling and trenching to date.
  • Limited drilling and trenching in 2013 produced 1.55 g/t gold and 114 g/t silver over 21.0 m and 1.70 g/t gold and 81.78 g/t silver over 12.0 m in drill holes; and, 1.96 g/t gold and 160.60 g/t silver over 22.0 m in an overlying trench.
  • 6 discrete soil geochemical anomalies, the best of which is approximately 200 m wide, 425 m long, and open to extension.
  • Most of the property remains unexplored.

Maps

Detailed Information

The Trident property lies within the northern portion of Dawson Range Gold Belt, near the border between Yukon and Alaska, about 60 km northwest of White Gold Corps.'s White Gold deposit and 75 km northwest of Goldcorp’s Coffee deposit.

The property comprises a total of 718 mineral claims including; 388 claims that are wholly owned by Trifecta (the wholly owned claims); 182 claims that are subject to an option agreement with an arm’s length prospector (the CH Option); and, 148 claims in two blocks, which are subject to an option agreement with Metals Creek Resources Corp. (the Squid Option). The mineral claims are contiguous and all are located in the Dawson Mining District.

The Trident property lies within the Matson Creek placer gold camp, 78 km southwest of Dawson City. There is a dirt airstrip on the property that is suitable for a short takeoff and landing aircraft. A system of roads and trails provides ground access from the airstrip to the placer workings and the main hard rock exploration areas on the property. A bush road extends approximately 70 km north from the property, through the Sixty Mile placer gold camp, to the Top of the World Highway, which runs from Dawson City into Alaska.

Topography on the property is gentle and encompasses dendritic drainages emanating from a rounded, north-trending ridge system. The area heavily vegetated with thick brush near ridge tops, and spruce and poplar forests at lower elevations. Permafrost is common on mossy, north-facing hillsides and in valley bottoms. Streams draining the property are part of the Yukon River watershed.

The property lies within the Yukon-Tanana Terrane and is underlain by quartzite, quartz-muscovite±chlorite schist, augen gneiss, amphibolite and phyllite of the Permian, Klondike Schist, which is generally interpreted as a metavolcanic arc package. Outcrop is rare on the property, and bedrock is mainly exposed in placer workings, a few exploration trenches and isolated knobs along ridge crests.

The Trident property has not been glaciated, thus it is intensely weathered and oxidation levels are likely to be much deeper than are found in glaciated areas elsewhere in Yukon. These features coupled with extensive solifluction can mute and dilute metal contents in soils, complicating interpretation of results from geochemical surveys.

The wholly owned claims were recently staked by Trifecta, between and around the optioned claim blocks. They cover the airstrip and some of the placer creeks. Little historical hard rock exploration is documented on these claims, but strong lead-in-soil anomalies have been outlined in some areas that are underlain by quartz-muscovite schist.

The area of the CH Option has been staked and lightly explored at various times since 1970. Minor trenching was done in 1993 and exposed a 1 m wide quartz vein containing galena. The current claims were staked in 2011. Soil sampling preformed in 2012 and 2015 outlined clusters of anomalous gold, silver, copper, lead and zinc values. No trenching or drilling has been done to follow-up these anomalous results, and most of the claims have not yet been covered by soil geochemical surveys.

The area of the Squid Option received little historical work prior to 2011 when the current claims were staked. Soil geochemical surveys have only explored about 10% of the claim area, but have identified six discrete anomalies. The best soil anomaly is located on the Squid East claim block, about 350 m north of the boundary with the CH Option. This anomaly is approximately 200 m wide and 425 m long, and parallels a northwest-trending magnetic low. Gold values within the anomaly range from 15.6 ppb to 1086.5 ppb, and are supported by elevated silver, arsenic, antimony, barium and mercury results.

A few, short excavator trenches have been dug within two if the soil geochemical anomalies. One of the trenches at the main anomaly exposed altered quartz-muscovite schist bedrock that averaged 1.96 g/t gold, 160.60 g/t silver and 0.35% lead over 22 m. This discovery is called the Exploits Zone. Another trench, which tested an arsenic-in-soil anomaly about 1300 m to the west, returned 1.02 g/t gold over 5 m. This second discovery is named the Bonus Zone.

Four diamond drill holes, totaling 428 m, explored at the Exploits Zone in 2013. Two of the holes tested down-dip of the discovery trench and successfully intersected a shallowly dipping zone of limonitic sericite-fuchsite schist. Hole SE13-001 graded 1.699 g/t gold and 81.775 g/t silver over 12 m, starting 9 m below surface, while Hole SE13-002 averaged 1.547 g/t gold and 114.121 g/t silver over 21 m, starting 12 m below surface. Hole SE13-003 was collared about 40 m along strike to the north and cut a 6.5 m interval grading 0.371 g/t gold and 39.892 g/t silver, starting 6.5 m below surface. The fourth hole was drilled back toward the first two holes and, as expected, intersected barren footwall rocks.

The Exploits Zone remains open to extension in both directions along strike and down-dip. The promising trench exposure at the Bonus Zone has not been followed up and the other soil geochemical anomalies on the claims have not been tested by drilling or trenching. Most of the Squid Option claims have not yet been soil sampled.

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