Welcome to our dedicated page for Trifecta Gold news (Ticker: TRRFF), a resource for investors and traders seeking the latest updates and insights on Trifecta Gold stock.
Trifecta Gold Ltd. (TRRFF) is a Canadian precious metals exploration company focused on 100% owned gold projects in Yukon and Nevada. This news hub provides investors and industry observers with comprehensive updates on corporate developments, technical advancements, and exploration progress across the company's portfolio.
Access timely updates on drilling results, geophysical survey interpretations, strategic partnerships, and property acquisitions. Our curated collection includes official press releases detailing project milestones from the Mt. Hinton initiative in Yukon's Tombstone Gold Belt to Nevada-based exploration programs leveraging advanced ZTEM and LiDAR technologies.
Key updates cover systematic exploration approaches, geochemical analysis outcomes, and corporate actions such as share structure adjustments. Bookmark this page for direct access to primary source materials about Trifecta Gold's Reduced Intrusion-Related Gold System (RIRGS) exploration methodology and regional expansion strategies.
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.
Trifecta Gold has completed a non-brokered private placement, raising $1,478,990 through the sale of 9,859,934 units at $0.15 per unit.
Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.25 until June 28, 2025.
Cash finders' fees totaling $10,665 and 66,000 finder warrants were issued to Ventum Financial Corp., Canaccord Genuity Corp., and Leede Jones Gable Inc.
All securities from this placement are subject to a hold period in Canada until October 29, 2024.
Proceeds will fund exploration activities and general working capital.
Insiders purchased 2,868,300 units, constituting a related party transaction under TSX-V Policy 5.9 and MI 61-101, utilizing exemptions from formal valuation and minority shareholder approval requirements.
Trifecta Gold announced the results of their Annual General and Special Meeting held on June 24, 2024. All proposed resolutions were approved, including the re-election of five incumbent Directors and the re-appointment of Baker Tilly WM LLP as Auditors. Key approvals included the renewal of Trifecta's Stock Option Plan and a related party transaction with Strategic Metals that allows Trifecta to acquire up to 100% of Mt. Hinton and ten other gold projects in Yukon's Tombstone Gold Belt. The company will seek final acceptance from the TSX Venture Exchange for this agreement and a private placement of up to $1,500,000 announced on May 30, 2024.
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