Tony Barresi: Incredible Upside for Gold Juniors in the Yukon
Tony joins the Palisade Team at Jekyll Island where he discusses Triumph Gold’s latest successes. He says, “We have had fantastic results finding one of the best intersections in the world.” Their plan for 2019 is to continue exploring the extent of that resource. He says, “They are committed to developing sites that are profitable at today’s prices.”
Casino Mining has the most well-known porphyry in the Yukon and is likely to become one of the Yukon’s next mines, but Casino has to build out a lot of infrastructure first.
The Yukon does not typically have many shallow level intrusions, but their Freegold property has several. Unlike Casino Mining, Freegold already has excellent infrastructure reducing their drilling costs significantly. The Yukon government is also committed to the mining sector, and they are helping develop roads in the area.
Another benefit is that the area has settled land claims and they have great relationships with the local indigenous peoples. They have a tremendous amount of support on all fronts in the Yukon and from the local communities.
They feel that there is a large and deep porphyry system with a long strike extent. In the coming months, they will be drilling the deepest holes that have ever been drilled in the Yukon into the highest grade porphyry ever discovered in the Yukon. They expect their exploration program will define the extent of the discovery over kilometers.
Time Stamp References:
1:00 – Triumph had excellent exploration results in 2018.
2:50 – They have shallow level intrusions.
4:00 – They have good infrastructure
5:30 – Good relations with communities and government.
7:30 – Highest grade porphyry discovery in the Yukon.
Talking Points From This Week’s Episode
• Triumph has found an impressive intersection.
• 2019 they will continue to drill and explore the extent.
• Their Freegold site already has good infrastructure.
• The site appears to have a large strike extent.
Tony Barresi, Ph.D., P.Geo is Vice-President of Exploration at Triumph Gold. He is an economic geologist with greater than ten years of base and precious metal exploration experience. He has conducted successful exploration programs on grassroots and brownfields projects and specializes in volcanogenic massive sulfide, porphyry, and epithermal deposit exploration. He also has experience conducting exploration for rare-earth-element, Mississippi-valley type, iron-oxide-copper-gold, skarn, orogenic gold, and diamond deposits. Tony obtained his B.Sc. (honours) from Saint Mary’s University in 2004 and a Ph.D. from Dalhousie University in 2015. His Ph.D. thesis focused on the interplay between island-arc evolution and metallogenesis as recorded by the Hazelton Group in northwestern British Columbia, within one of Canada’s premier metal districts. Tony was awarded the prestigious Mary-Claire Ward Geoscience Award for his thesis by the Prospectors and Developers Association of Canada (PDAC) and the Geological Association of Canada (GAC).