Triumph Gold Announces the Acquisition of the Coyote Knoll Silver-Gold Mineral Property - Located in Central Utah

Core Viewpoint - Triumph Gold Corp. has announced the acquisition of the Coyote Knoll Silver-Gold property in central Utah, which is expected to enhance its portfolio due to the property's high-grade mineralization and favorable geological features [1][4]. Acquisition Details - The acquisition cost is $150,000 USD along with the issuance of three million common shares over a period of three years, with an additional payment of three million dollars due before four years from the purchase date [2]. Geological and Mineralization Highlights - Coyote Knoll is located approximately 40 km southwest of the Tintic Mining District, known for its historical significance in mining [10]. - The property has demonstrated high-grade silver mineralization, with drilling results showing 1,350.36 g/t Ag and 3.86 g/t Au over 3.00 meters [6]. - Historical rock samples have returned values up to 6,730.00 g/t Ag and 23.30 g/t Au [6][16]. - Recent surface sampling confirmed mineralization with grab samples returning up to 795 g/t Ag and 1.58 g/t Au [6][20]. Exploration and Historical Context - Coyote Knoll was discovered in 1988, with extensive exploration activities including mapping, trenching, and drilling totaling approximately 2,606.96 meters across 33 drill holes [11]. - The geological setting exhibits similarities to the Tintic Mining District, with potential for both epithermal and carbonate replacement mineralization [19]. - The property has a history of production, including a 12-ton bulk sample in 2012 that returned an average grade of 43.60 oz/ton silver and 0.13 oz/ton gold [6][11]. Future Exploration Plans - The company plans to advance exploration at Coyote Knoll, leveraging the confirmed epithermal silver-gold mineralization and the potential for further discoveries [4].