Maiden Drill Program Hits Gold At All Three Targets On Yuge Project

VANCOUVER - Trifecta Gold Ltd. announced the final results from its 2021 reverse-circulation (RC) drill program at the Yuge Gold Project, located in northern Nevada. Trifecta's maiden drill campaign at Yuge consisted of seven RC drill holes, three of which were drilled at the Columbia target, two at the Juanita target and two at the Josie target. Highlights include: 2.27 g/t gold over 38.1 m from hole YU-21-02 at Columbia; 0.99 g/t gold over 30.48 m (including 3.4 g/t gold over 6.1 m) from hole YU-21-07 at Juanita; 0.61 g/t gold over 9.14 m (including 2.48 g/t gold over 1.52 m) from hole YU-21-05 at Josie; and 0.53 g/t gold over 6.1 m from surface in hole YU-21-04 at Josie.

"Our maiden drill program at Yuge successfully intersected broad zones of gold mineralization at each of our three targets," said, Richard Drechsler, President and CEO. "We are very pleased with these results and are now confident that bulk tonnage and high grade vein potential exists over the entire property. The limited surface work conducted by our technical team has been successful in defining gold mineralization in structures parallel to and along strike from our drilled targets."

At the Columbia target, hole YU-21-02 intersected two zones of gold mineralization associated with arsenopyrite and quartz veining within a broader interval that averaged 2.27 g/t gold over 38.1 m. This hole was 100 m from the only known historical drill holes on the property, which reportedly graded 9.60 g/t gold over 3.30 m (DDH C2) and 5.14 g/t gold over 2.13 m (DDH C3).

At the Juanita target, located 1.1 km northwest of Columbia, hole YU-21-07 intersected 30.48 m grading 0.99 g/t gold, including 6.1 m of 3.44 g/t gold, starting 60.96 m downhole. Mineralization appears to be hosted in a wide shear zone within the andesite. Hole YU-21-06 was drilled 100 m to the southeast of hole 07 and does not appear to have hit the target structure. Previously reported chip samples, collected along a road cut 125 m west of YU-21-07, returned assays of 11.9 g/t gold over 1 m, while a grab sample from a new surface showing, located 325 m to the northwest, graded 57.7 g/t gold. In conjunction with sampling, geological mapping has identified mineralized structures with a range of orientations. A geological re-interpretation by Trifecta suggests that the 2021 drilling was performed obliquely to the principal orientation at Juanita.

Mineralization encountered at the Josie target occurs in discrete veins as well as disseminated within medium grained diorite dykes. Josie is located 100 to 180 m higher in elevation than Columbia and Juanita and all of the mineralization discovered on surface and in drill holes appears to be strongly oxidized.

Holes YU-21-04 and -05 were drilled in opposite directions from the same site at the Josie target. Hole YU-21-04 cut 6.1 m of 0.53 g/t gold from surface, while hole YU-21-05 hit 9.14 m of 0.61 g/t gold, starting 25.91 m downhole. A historical adit was discovered while attempting to build another drill site at Josie, which could not be completed due to time constraints. A chip sample from mineralization in the adit graded 7.78 g/t gold over 30 cm, while surface rock samples collected along strike of the adit graded 13.1 g/t gold, 6.03 g/t gold and 7.39 g/t gold. The adit discovery and other parallel structures were not tested by either of the drill holes. Surface samples grading in excess of 10 g/t gold have been collected over a 550 m strike length at Josie.

Trifecta recently expanded the Yuge claim block which now covers 5 km of prospective strike length. The Company is permitting a follow-up program that will consist of detailed prospecting, soil sampling and mechanized trenching to better determine the geometry and structural controls of the various types of gold mineralization. This will be followed by additional RC drilling to further delineate the shallow, disseminated mineralization as well as the high-grade and structurally controlled mineralization.