Trifecta Gold Stock Price, News & Analysis

Trifecta Gold (TRRFF) has successfully closed a $5.32 million private placement, with Crescat Capital leading the financing and becoming a major shareholder at 9.9%. The placement included 12.79 million Charity Flow-Through Units at $0.38 each and 1.71 million ordinary units at $0.27 each. Each unit includes one-half warrant exercisable at $0.40 until May 15, 2027. The funds will support exploration of two promising gold projects in Yukon's Tintina Gold Belt: Mount Hinton and Rye. Mount Hinton, located near Hecla Mining's Keno Hill complex, will see its first drill campaign targeting a large-scale gold deposit, while the Rye project shows potential for intrusive-hosted gold discovery. The financing enables Trifecta to accelerate its earn-in under the property purchase agreement with Strategic Metals Ltd.

Trifecta Gold (TRRFF) has announced a $5.31 million private placement with Crescat Capital as the lead investor. The offering includes up to 12,790,000 Charity Flow-Through Units at $0.38 per unit and 1,668,704 units at $0.27 per unit.

Each Charity Flow-Through Unit comprises one common share and half a warrant, with each full warrant allowing purchase of one common share at $0.40 within 24 months. The proceeds will fund Canadian exploration expenses qualifying as flow-through mining expenditures, to be renounced by December 31, 2025.

Following the placement, Crescat will become a major shareholder with 9.9% ownership, while Condire Investors maintains its 19.9% stake. The funds will support systematic follow-up on 2024 discoveries at the Mt. Hinton and Rye projects. All issued shares will have a four-month hold period, pending TSX Venture Exchange approval.

Trifecta Gold (TRRFF) has reported significant progress in its 2024 exploration activities within the Yukon's Tombstone Gold Belt (TGB). The company secured options for 11 projects in the TGB region, which hosts several major Reduced Intrusion-Related Gold System mines including Fort Knox and Eagle and Olive.

Key developments include:

• At Mt. Hinton, the company identified four major gold and silver vein corridors, with historical drill results showing 6.44 g/t gold over 12.14m. A ZTEM survey revealed a promising GC Target for 2025 drilling.
• The Rye Project showed a 500x200m gold-bismuth-tellurium anomaly, with samples yielding up to 8.37 g/t gold.
• At Lance, mapping defined Mayo Suite intrusion margins and discovered mineralized float within a 4x2km anomaly.

Trifecta Gold has identified a significant 3 km long geophysical anomaly at its Mt. Hinton Project in Yukon, located near Hecla Mining's Keno Hill Mine. The discovery comes from processing 2024 airborne magnetic and ZTEM survey data, revealing a strong resistivity feature at the GC target where granitic boulders were found. The anomaly shows resistivity values exceeding 1235 ohm-m at surface and is associated with a parallel magnetic anomaly, suggesting a buried intrusion that could drive mineralization. The project hosts four precious metal vein trends within the Keno Hill Quartzite Formation, and this new target shares characteristics with other gold-rich deposits in the Tombstone Gold Belt.

Trifecta Gold (TSXV:TG)(OTCQB:TRRFF) has announced results from its 2024 exploration campaign at the Mt. Hinton Project in Yukon. Key findings include:

1. Geophysical surveys revealed a 2,000 x 500 metre magnetic low coinciding with high resistivity, suggesting a Reduced Intrusion Related Gold System (RIRGS).

2. Prospecting discovered granitic rocks near geophysical anomalies, supporting the RIRGS model.

3. A rock sample yielded 2.07 g/t gold in a previously unexplored area.

4. Ongoing mineralogical studies at Simon Fraser University aim to characterize the vein system and its relationship to other Tombstone Gold Belt mineralization.

5. The project's location near Hecla Mining's Keno Hill complex and other major discoveries enhances its potential significance.

Trifecta Gold (TSXV:TG)(OTCQB:TRRFF) has announced results from its 2024 exploration program at the Rye Project in Yukon's Tombstone Gold Belt. The company identified new areas of mineralization within the Itsi pluton and surrounding hornfels altered sedimentary rocks. Outcrop sampling returned up to 7.25 g/t gold with 240 ppm Bismuth and 5.23 ppm Tellurium. The project is well-located, only 14 km from the North Canol Highway and near other significant gold projects.

Exploration activities included geological mapping, soil sampling, and airborne LiDAR surveying. The company also completed work at its Lance Project and conducted surveys and drilling at the Mt. Hinton Project. Trifecta highlighted the potential of the Tombstone Gold Belt, which hosts several large Reduced Intrusion-Related Gold Systems (RIRGS) mines and recent significant gold discoveries.

Trifecta Gold (TSXV:TG)(OTCQB:TRRFF) has initiated field work at its Rye Project in Yukon's Tombstone Gold Belt, supported by a Yukon Mineral Exploration Program grant. The project, located near key infrastructure and other significant gold discoveries, aims to evaluate the potential for a Reduced Intrusion Related Gold System (RIRGS). Previous rock samples yielded up to 8.37 g/t gold. The company plans detailed mapping, prospecting, soil sampling, and a LiDAR survey to develop a 3-D model for future drilling. Trifecta has also granted 1,485,000 stock options to directors, officers, and consultants at $0.15 per share for five years.

Trifecta Gold (TSXV:TG)(OTCQB:TRRFF) has mobilized crew and equipment to its Mt. Hinton project in the Keno Hill Mining District, Yukon. The company plans a multifaceted exploration program including:

1. 1500m drilling at the SW Zone and No. 5 Vein, with previous high-grade results of 6.44 g/t gold over 12.14m and 128.91 g/t silver over 3.05m respectively.

2. A 440-line kilometre ZTEM and magnetic survey covering the Granite Creek basin and surrounding areas.

3. Detailed mapping, prospecting, and soil sampling to follow up on existing gold-in-soil anomalies.

4. Participation in a multi-year research program with the Yukon Geological Survey and Canadian universities to better characterize mineralization styles in the region.

Trifecta Gold has secured final approval from the TSX Venture Exchange to acquire up to 100% interest in the Mt. Hinton gold-silver project and 10 other projects in Yukon's Tombstone Gold Belt. These 11 properties are known for their reduced intrusion-related gold systems, similar to Snowline Gold's Valley discovery. Trifecta can acquire a 70% interest by spending $6 million on exploration by 2027 and issuing 305,000 shares to Strategic Metals. A further 30% interest can be obtained by issuing additional shares to Strategic, not exceeding 8.92 million shares. If only the First Option is exercised, the parties will form a joint venture to explore the properties. The portfolio spans approximately 30,000 hectares.