Is Trifecta Gold The Yukon's Next BIG GOLD Discovery? Drilling Updates from Rye Project & More
Summary
Project Updates: Trifecta Gold is actively drilling at the Rye project in Yukon, focusing on discovering reduced intrusion-related gold systems, with promising initial results causing excitement among the team and investors.
Market Reaction: The announcement of drilling results at Rye has led to increased investor interest and stock price movement, indicating strong market confidence in the project's potential.
Exploration Strategy: The company is conducting large step-out drilling to understand the broader system at Rye, with plans to follow up on promising areas next year.
Comparative Analysis: Trifecta's exploration is compared to successful projects in the region, such as Snowline Gold, highlighting the potential for significant market cap growth if similar discoveries are made.
Financial Position: Trifecta Gold is well-funded with over $2 million in flow-through capital, allowing continued exploration without immediate need for additional financing.
Strategic Partnerships: The company has strong backing from major investors like Crescat Capital and Condor Investors, which enhances its financial stability and exploration capabilities.
Industry Context: With rising gold prices, Trifecta's timing for new discoveries is advantageous, as major companies may soon seek acquisitions, potentially benefiting Trifecta's valuation.
Team Expertise: The technical team boasts significant experience in the Yukon, with a track record of successful gold discoveries, providing confidence in their exploration approach.
Transcript
And then we moved the crew up to the Rye project which is near the northern end of the north camel highway in Yukon and started drill testing the Rye project. Our geologist out there, Jack Morton, who's our VP, he was doing back flips after seeing some of the initial holes. So, you know, we had to had to get some of that out to the public, right? And and let let people know what what we were seeing because people were you just so excited on on site. So basically what what we saw was, you know, we're we're hitting big sections of sheetated quartz veining and and so looking for these big reduced intrusion related gold systems, that's exactly what you're hoping to find. If the holes that we see, you know, are as good as we're we hope that they are, then, you know, I'm sure we're there's going to be lots more interest. I mean, basically, as soon as we we put that news release out, I my phone started lighting up with people, you know, asking to to give us funding. So it's not hard in this belt to look for analoges of of successes, right? And I think everybody sees that. And so yeah, the timing of of making a brand new discovery for Trifecta really couldn't be better in terms of in terms of the gold price. So now it's really just my job to to get this story out to a broader audience so that you know when when we get our drill results that we've, you know, got enough eyes on our story that, you know, we can advance this thing aggressively. For disclosure purposes, our site does not make recommendations for purchases or sale of stocks, services, or products. Nothing on our site or this podcast should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This podcast is for entertainment purposes only. For disclosure purposes, Trifecta Gold is a paid for advertisement on the exploring mining podcast and investor.com. Richard, it's great to have you back on the show. Very busy summer for Trifecta. Do you want to just go over a quick update of what's been going on with Mount Hidden and your Rye project this summer? >> The idea this summer was we were going to get out and do some initial drill tests of a couple of our targets in the Tombstone Gold belt. So, we're working up in the Yukon where there's been over 17 million ounces of gold found in this in this belt since 2020. And we've got a big package of targets, you know, really exciting. So, we did an initial drill test looking for an intrusion on Mount Hinton. Got some interesting sniffs it looks like in in the drill core. Didn't te tag into an intrusion, but you know, seen some interesting minerals that suggest we're getting closer to a heat source. So, we're waiting on assays for that to help guide that. And then we moved the crew up to the Rye project, which is near the northern end of the North Canal Highway in Yukon, and started drill testing the Rye project, more out on the eastern end of the belt. and our geologist out there, Jack Morton, who's our VP, he was doing back flips after seeing some of the initial holes. So, you know, we had to had to get some of that out to the public, right? And and let let people know what what we were seeing because people were you just so excited on on site. So, basically what what we saw was, you know, we're we're hitting big sections of sheetated quartz veining and and so looking for these big reduced intrusion related gold systems. That's exactly what you're hoping to find. And so we've got, you know, a big pluton that's mapped there that's the right age. We're drilling sort of right along the margins of that pluton in in the pluton and in the surrounding Hornfell's rocks that are like right adjacent to it. So you can host deposits of this style either in the pluton or in the surrounding rocks. They usually occur right at the margins of these plutons. And there's lots of examples of of deposits in our belt that are are both developed in in the intrusions like uh Snowline Gold for example now has a one and a half billion dollar market cap. You know the formerly producing Victoria Gold they were all in intrusions. Same with all the deposits that SIP gold is putting together. They've got a couple million ounces in the belt as well that are in the intrusion. Then you've got plays like Banyan Gold where they've got 7 million ounces developed above an intrusion. So, so a lot of the mineralization I think that we see probably in that first hole would be more similar to the setting that would be at Banyan where you're seeing a lot of that puritite other sulfide minerals whereas lower down in our hole three we we were hitting sheetated veining right in the intrusion. So, you know, in our first phase drilling at Rye, we we did we're doing huge stepouts. So, I mean, if you look at the the the distance between our hole one and hole three, that's you know, over 500 meters. So, you know, you could you could fit a couple deposits in between those holes. So, the fact that we're seeing, you know, she's veining in both settings is is very encouraging on a first pass. You know, we're trying to do some some big stepouts and get a a sense of what this this larger system looks like. Um, we we've got a hole currently underway that's that's even further south than anything we've announced that's actually collared in the intrusion. And then after that one, we've got a drill site now built that we're going to be undercutting our hole one. You know, just based on the density of veining we saw in hole one. You know, we had I think it was about a 225 meter uh intersection where we had over 25 veins per meter was sort of how they were reporting it. We don't have any assays uh yet. Um the the core is is getting shipped down to White Horse for processing and then it'll get shipped off to the lab. So, we're probably, you know, a month to two months out still from from any assays, but, you know, the visuals looked quite promising. So, we had to had to let people know what we were we were seeing and, you know, the stock responded nicely. We've got about another week or two to to wrap up that program and then um basically just waiting for assays. >> Can you talk a little bit about some of your findings? I think from your rock samples from Ry Project, there was like a one that was 21.1 grams per ton of something wild like. >> So part of our first phase, so as soon as Jack got out there with a smaller team of of geos, they they went to a lot of the areas that we found last year uh where we had some good mappers out and they found areas with higher densities of cheated veining. So when we sent the economic geologists out there this summer really to try to prioritize, you know, where should we be drill testing this? And so they were just basically just taking surface samples from the areas that we saw the highest densities of that veining. So a lot of those surface samples are basically, you know, just vein specimen type samples that were from surface. So we know that, you know, we've got gold in the system. Um reading through a lot of the logs, a lot of those samples are, you know, associated with the arcs pyite, which we do see in in drill core in the veins that that we're drilling. Uh we haven't seen any visible gold to date, but we have seen um sheite, which is which is one of the key indicator minerals for uh gold in in some of the systems in the belt. I know the guys at Sitka Gold have been using the UV lights to basically lamp their core that helps them, you know, identify where the sheite is and then you can, you know, you look in more detail in there and that's where they've been able to find a lot of their their good grades. So, you know, we we do see uh that in abundance, especially in that that first hole. So, you know, we don't know if what kind of gold grades we're going to have, but you know, we know there's gold in the system and we know we're hitting lots of sheet veining. So, you know, as a first pass, like I said, a lot of really broad stepouts and then, uh, we're looking to come in next year with, you know, larger program to, you know, drill around where we where we get the best results from this year. But, yeah. >> Well, the market definitely reacted well to your press release out on Ry project. Can you talk a little bit for investors that might have missed the first podcast that we did about your two projects, Mountain Hinton and Rye, and then do you want to talk about some of the differences between the two of them? >> Yeah. So, there's Yeah. sort of large belt of uh intrusion related projects that are that are in Yukon and and the the Mount Hinton is out on the on the west side of that belt is thought to be sort of the central or have the central heat pump for the big mineral system that's in that district. And so hecka's mining there currently. They've got, you know, over 200 million ounces of silver historical production. I think they've got somewhere in the neighborhood of 70 million ounces in resource still of silver. And Mount Hinton is the more goldri part of that system. So that vein system that's on the heckas mining extends onto our onto the Mount Hinton ground. It's all the veins we see there are much more goldrich. So our thinking there was that we're in the hotter part of the system and that there was an intrusive center driving that mineralization. So our program out there was was designed to to test one of the geohysical anomalies that we found in 2024 to see if if that was representative of of a possible heat source. And so that's still a work in progress on on that uh on that project. Um there's a you know the vein potential on Hinton is is still there. We did we did a little bit of uh you know trenching and mapping and and surface sampling on the veins there this summer that we'll have you maybe some numbers to come out later on this summer once we get assays but uh yeah the focus there was was looking for the intrusion and the reason is that you know you've seen companies like Snowline Gold is really the best example where they're a micro cap company like us and they tapped into one of these bulk tunnage type systems and it's it's really these these big reduced intrusion systems you're able to build ounces with less drill meters than than if you're going after veins and so that's really the push from our investors is to look for one of these bulk tonnage systems and they say, you know, like the veins at Hinton, they're they're worth a there's a lot of value there, but just where the market's at today. We the uh yeah, the focus is finding these bulk tonnage systems and so that was what we were testing for at Hinton. Um like I said, we hit some dyking in in that second hole, so you know, some signs of of a nearby intrusion. Um but yeah, going out to the eastern end of the belt where where the Rye project is, you know, that that one there where we're we're we've got an intrusion that comes right to surface. So it's it's not it's not that we're looking at, you know, geohysical features and trying to interpret them and and guess, okay, what could be causing this anomaly. It's, you know, the big geoysical anomaly that's at Hinton. We we or sorry, that's at the Ry. We can we can see the rocks coming to surface. So we know that okay, yes, it is actually these rocks that are causing that anomaly. And yeah, lo and behold, well, it's we've got some nice looking rocks in the in in in the first couple of drill holes. So, yeah, we're we're definitely very excited because uh you know, we saw how quickly Snow Line went from, you know, a micro cap company to, you know, they're now a few years into their their exploration campaign at the Rogue and they they're now $ 1.5 billion company. You know, they've obviously found one of the one of the nicest gold deposits in the world. So, you know, that's that's sort of the the top of what what you're what you're shooting for. But if there's a lot of other deposits, you know, that have been found in the belt and and those guys are still commanding, you know, multiple hundreds of million dollar market caps. And so, you know, Trifecta is still here sitting around 20 million. So, I think there's still, you know, a lot of upside potential uh for for our stock at this point. I mean, we did a restructuring very recently to acquire this property package. So, you know, the company's still very tightly held. uh we've got, you know, over 30% with insiders and then we have two other uh groups that have 9.9% uh share positions and that are all, you know, capable of writing large checks to help support our our exploration campaigns moving forward as we, you know, move this from from what appears to be a new brand new discovery. you know, so we've got a little bit of a rer rate from say the 10 to 20 million range as we start to define this a little bit more with more drill holes and people can recognize, hey, this is going to be a deposit, then we'd expect, you know, the next rerate and then, you know, you start defining your deposit and hopefully, you know, it's looking economic and then you're up into the next category. So, just really trying to do this in a systematic fashion and, you know, we're we're obviously really happy with the the inaugural program so far. So, you know, few more holes to come to give us a bit more idea of what the system looks like further into the intrusion and then further at depth um underneath some of that hornfells and see if you know in that hole one the theory is that that that is sitting above the the intrusion as well. So, you know, is is the second hole that we're going to undercut are we going to be still in the hornfelds hitting the same kind of rocks or are we going to be an underlying intrusion? Like there's, you know, a lot to learn from this this program still to come. So >> obviously the market reacted the most to your rye project. So you know when those assay results and everything you have a better gauge of what you're doing. Is that as you move forward really going to be the target you spend the most time with or are you going to build out both slowly or what are your thoughts for like how you want to build that story out long term? >> Yeah, I mean right now the uh I I would say that the focus would be the rye. I mean, we pretty much the game plan that we we had coming into this this year, we I think we're still sticking with that, right? It was go out, do some initial drill tests on on on a couple targets, and then focus our efforts on on on what what everyone was responding the best to those initial efforts. And and so far, you know, just from only going off of visuals, we don't have assets from either project, it seems as though the uh the rye is is responding the best. And so, yeah, that's that's definitely going to be the focus. on my way down to Colorado next week uh to the to the precious metal summit to you know try to get this story out to as as many investors as I can because I think we're still you know flying quite under the radar compared to a lot of our competitors in the belt >> once these assays and everything come in are you going to look that you need to raise capital or are you fully funded to go into drilling program for next year or >> yeah so coming out of this exploration season we're still going to have you know north of a couple million dollars of flow through in the treasury so that's you know more than enough to get a program going um you with if if the holes that we see, you know, are as good as we're we hope that they are, then, you know, I'm sure we're there's going to be lots more interest. I mean, basically, as soon as we we put that news release out, I my phone started lighting up with people, you know, asking to to give us funding. So, um I don't think it's, you know, it's not hard in this belt to look for analoges of of successes, right? And I think everybody sees that and and so yeah, the idea would be, yeah, just to keep wrapping this up. I mean, we we're at the point now where we've got the money in the bank to complete our our earning. And that's I guess really one of the the beautiful things about this option deal we have to acquire these projects is that we can spend our we've got to spend $6 million to to earn in the first 70%. And um but that 6 million is earmarked isn't sorry doesn't have to be earmarked in any specific project. It was just you know on all the projects in in this package that we're acquiring. And so we can basically just follow wherever the results are the best and that's where we want to spend the money. And so we've got that cash uh already in in treasury to to earn in. So you know like definitely it's in the industry where you know we we basically get out there and spend money. So we're always looking for more exploration dollars to to you know expand our programs. But yeah, based on the response ahead after the this initial uh these initial holes, I don't think that'll be be an issue to to do an expanded program next year, you know, beyond what we already have in the Treasury >> with gold obviously again looks like it's breaking out. It feels like the right time for a gold discovery story. Um I know we don't have a crystal ball here, but um do you want to just talk about a little bit about like the valuation of what the potential is for Trifecta with the discovery? It's uh pretty incredible being at at this gold price. Um you know, the majors now are are pumping out a lot of cash. And so the the thinking and I think in our industry is that, you know, they're going to have to start going shopping now and they're going to start buying some of these deposits that have been have been defined in the last little while. And then that, you know, just starts bringing a lot more capital back into into our space. And so, yeah, the timing of of making a brand new discovery for Trifecta really couldn't be better in terms of in terms of the gold price. So, now it's really just my job to to get this story out to a broader audience so that, you know, when when we get our drill results that we've, you know, got enough eyes on our story that that, you know, we can advance this thing aggressively. for just listeners that maybe missed the first podcast, just talk about the team that's in place because I feel like that's quite important because you guys have quite a great technical team and some good background as far as building out discovery stories. >> Yeah. So, our group has been active in the Yukon really since since the 60s, some of the the guys that are, you know, still on the advisory committees and whatnot. And, you know, myself and Jack have been working up in the Yukon. Uh Jack's my VP X and we've been working up there since 2005. So, you know, 20 years just even for some of the the young guns that are that are in this deal now. And, you know, our team was involved in in the discovery of both of the highest grade greater than 1 million ounce gold deposits in Yukon. Um, and so that's a lot of the work with the Archer Cathro Group. um you know they they do work with other companies now in in in the belt but um that's sort of a lot of the key geologic minds sort of came out of there and that's where a lot of our project package came sort of from the the work that Archer Catherine and strategic metals have done in Yukon over the years that's really how we've been able to amass a lot of our initial claim positions u on our technical advisory board uh Rob K you know he was a former partner of Archer Cathro he's he's on our technical advisory committee there he was a former president of of attack resources, you know, when they found the the Osiris discovery, a whole belt of Carlin deposits in Yukon, you know, award-winning discoveries there. Uh we've got Moira Smith on our technical advisory board. She's also got lots of experience in this tombstone gold belt, having co-authored a lot of the papers on reduced intrusion systems. Uh some of her uh work in the belt was focused on on uh some projects in the offset in in Alaska because this same belt of intrusions actually doesn't go over into Alaska. She's she's got a lot of work on the pogo system over there as well as other sort of offtrend large deposits down in Nevada. So she's, you know, very well-known geologist. Uh, one of our our 20% shareholder is a condor investors. They're a large fund based out of Dallas. And one of their key technical adviserss is Fred Greyel. And so he was the chief geologist with the Sarco. And so, you know, another huge wealth of knowledge that also sits on our technical advisory committee. So, you know, aside from our, you know, boots on the ground relationships with, you know, Archer Catherine and that team that's got the track record of discovery and efficient exploration in Yukon, we've got, you know, a lot of a lot of people with with, you know, huge lists of discoveries behind behind their names that are, you know, are lending us, you know, their wisdom uh to try to help guide our our programs. And, you know, it's uh seems to be working out fairly well so far. So, you know, definitely glad to to have this team behind me. Do you want to just um just quickly run over a little bit of the financial structure again and then some of you have Crescat Capital? I know um some amazing people behind you as far as on the stock side. Um for investors that are looking just at the share structure and people behind it. Um, last year I guess I'll step back a little bit because last year we did sort of our restructure of the company and and an initial kind of seed round at uh and you know got out started started to do some of initial work set things up for drill programs this year and then this this summer we were able to bring in Crescat on a 9.9% basis. you know, they've invested in a lot of the companies in in the Belum and had success. And once once we ran Quinton Henny through a lot of our data, he said, you know, you guys have to try to get a drill onto that rye project. You know, that was that was really the impetus of of them investing in the company. And so, you know, another another win for for those guys, I think, so far based on our visuals and and then also the other secondary uh or not secondary, but sorry, the second 9.9% investor that came in was um Alex Gubbins. So, you know, well-known mining investor out of out of Peru again was is a big shareholder of Snowline, Rackla, a number of the other companies in the belt. And then, um, I' I'd already mentioned Condor. They've got one of their managing partners on our board. We've got some of their guys on our technical advisory committee. So, you know, between those three investors, that's, you know, 40% of the shares of the company right there. And, and and, you know, they're all, you know, represent very large funds. So, you know, for a company the size of with the market cap of Trifecta to to acquire, I think that caliber of investors probably speaks quite heavily to the geological backing that we have. Uh, so yeah, I mean that that, you know, really opens up our ability to raise capital as as we move forward to to advance this is is having that, you know, good good uh share registry. Um, with, you know, insiders still own over 10% and none of that stock came from seed stock either. I mean it was all purchased out of the open market or private placements or or warrant exercises. I you know after after the uh Crescad and financing there last or sorry earlier this year we had a number of warrants come in. Um they got exercise that topped up our our hard dollar treasury. So you know we've like I said we'll have over two million of flow through at the end of this this season and probably still over a million of of hard. So you know the company is still in really good financial shape moving forward. Everything is in perfect alignment for a fantastic fall for Trifecta. Richard, it's always a pleasure. Do you want to have any closing remarks for investors? Um I know you did just under 800 meters for Mountain Hidden and it's um 2,000 for Broad project or am I? >> Yeah, I mean it's it sort of depends on drill productivity. Um, you know, we're we're I think we're definitely going to be over the 1500 meters uh at ride just based on sort of where we were at the last couple days. And so it's just yeah, finishing up this hole in the intrusion and then stepping down drilling our hole under hole one. And basically just have to get out of there, you know, within the next, you know, nine days. I guess we'll be we'll be out. We got we'll be demobed by midepptember under our current permit. So it's just as much as we can get done up until that time. So, >> well, fantastic. Is there any conferences besides uh Beaver Creek that investors can find you at or follow you? >> Well, yeah, I guess in in September, I'll be well down to Beaver Creek and then back up to Vancouver by the Metals Investor Forum there. I've I've got a number of uh investors there. I John Kaiser has been writing writing us up as well uh as as one of his picks. So, you know, a good following with that group of investors. So, I'll go touch base with a number of people there as well in September. And then um yeah, fill in the schedule, but uh you know, November's the Yukon Geoscience is is a big one for all the Yukon companies and and really everybody, you know, getting getting back together. And there's a big community events up there as well with the the various First Nations. So, you know, that that sort of rounds out our our fall, but there's obviously a few other conferences in in November we might uh be able to add to the schedule given uh the the results that are starting to come out of the field for us. So, we'll keep people updated as as more more events come onto the the schedule. [Music]
Is Trifecta Gold The Yukon's Next BIG GOLD Discovery? Drilling Updates from Rye Project & More
Summary
Transcript
And then we moved the crew up to the Rye project which is near the northern end of the north camel highway in Yukon and started drill testing the Rye project. Our geologist out there, Jack Morton, who's our VP, he was doing back flips after seeing some of the initial holes. So, you know, we had to had to get some of that out to the public, right? And and let let people know what what we were seeing because people were you just so excited on on site. So basically what what we saw was, you know, we're we're hitting big sections of sheetated quartz veining and and so looking for these big reduced intrusion related gold systems, that's exactly what you're hoping to find. If the holes that we see, you know, are as good as we're we hope that they are, then, you know, I'm sure we're there's going to be lots more interest. I mean, basically, as soon as we we put that news release out, I my phone started lighting up with people, you know, asking to to give us funding. So it's not hard in this belt to look for analoges of of successes, right? And I think everybody sees that. And so yeah, the timing of of making a brand new discovery for Trifecta really couldn't be better in terms of in terms of the gold price. So now it's really just my job to to get this story out to a broader audience so that you know when when we get our drill results that we've, you know, got enough eyes on our story that, you know, we can advance this thing aggressively. For disclosure purposes, our site does not make recommendations for purchases or sale of stocks, services, or products. Nothing on our site or this podcast should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This podcast is for entertainment purposes only. For disclosure purposes, Trifecta Gold is a paid for advertisement on the exploring mining podcast and investor.com. Richard, it's great to have you back on the show. Very busy summer for Trifecta. Do you want to just go over a quick update of what's been going on with Mount Hidden and your Rye project this summer? >> The idea this summer was we were going to get out and do some initial drill tests of a couple of our targets in the Tombstone Gold belt. So, we're working up in the Yukon where there's been over 17 million ounces of gold found in this in this belt since 2020. And we've got a big package of targets, you know, really exciting. So, we did an initial drill test looking for an intrusion on Mount Hinton. Got some interesting sniffs it looks like in in the drill core. Didn't te tag into an intrusion, but you know, seen some interesting minerals that suggest we're getting closer to a heat source. So, we're waiting on assays for that to help guide that. And then we moved the crew up to the Rye project, which is near the northern end of the North Canal Highway in Yukon, and started drill testing the Rye project, more out on the eastern end of the belt. and our geologist out there, Jack Morton, who's our VP, he was doing back flips after seeing some of the initial holes. So, you know, we had to had to get some of that out to the public, right? And and let let people know what what we were seeing because people were you just so excited on on site. So, basically what what we saw was, you know, we're we're hitting big sections of sheetated quartz veining and and so looking for these big reduced intrusion related gold systems. That's exactly what you're hoping to find. And so we've got, you know, a big pluton that's mapped there that's the right age. We're drilling sort of right along the margins of that pluton in in the pluton and in the surrounding Hornfell's rocks that are like right adjacent to it. So you can host deposits of this style either in the pluton or in the surrounding rocks. They usually occur right at the margins of these plutons. And there's lots of examples of of deposits in our belt that are are both developed in in the intrusions like uh Snowline Gold for example now has a one and a half billion dollar market cap. You know the formerly producing Victoria Gold they were all in intrusions. Same with all the deposits that SIP gold is putting together. They've got a couple million ounces in the belt as well that are in the intrusion. Then you've got plays like Banyan Gold where they've got 7 million ounces developed above an intrusion. So, so a lot of the mineralization I think that we see probably in that first hole would be more similar to the setting that would be at Banyan where you're seeing a lot of that puritite other sulfide minerals whereas lower down in our hole three we we were hitting sheetated veining right in the intrusion. So, you know, in our first phase drilling at Rye, we we did we're doing huge stepouts. So, I mean, if you look at the the the distance between our hole one and hole three, that's you know, over 500 meters. So, you know, you could you could fit a couple deposits in between those holes. So, the fact that we're seeing, you know, she's veining in both settings is is very encouraging on a first pass. You know, we're trying to do some some big stepouts and get a a sense of what this this larger system looks like. Um, we we've got a hole currently underway that's that's even further south than anything we've announced that's actually collared in the intrusion. And then after that one, we've got a drill site now built that we're going to be undercutting our hole one. You know, just based on the density of veining we saw in hole one. You know, we had I think it was about a 225 meter uh intersection where we had over 25 veins per meter was sort of how they were reporting it. We don't have any assays uh yet. Um the the core is is getting shipped down to White Horse for processing and then it'll get shipped off to the lab. So, we're probably, you know, a month to two months out still from from any assays, but, you know, the visuals looked quite promising. So, we had to had to let people know what we were we were seeing and, you know, the stock responded nicely. We've got about another week or two to to wrap up that program and then um basically just waiting for assays. >> Can you talk a little bit about some of your findings? I think from your rock samples from Ry Project, there was like a one that was 21.1 grams per ton of something wild like. >> So part of our first phase, so as soon as Jack got out there with a smaller team of of geos, they they went to a lot of the areas that we found last year uh where we had some good mappers out and they found areas with higher densities of cheated veining. So when we sent the economic geologists out there this summer really to try to prioritize, you know, where should we be drill testing this? And so they were just basically just taking surface samples from the areas that we saw the highest densities of that veining. So a lot of those surface samples are basically, you know, just vein specimen type samples that were from surface. So we know that, you know, we've got gold in the system. Um reading through a lot of the logs, a lot of those samples are, you know, associated with the arcs pyite, which we do see in in drill core in the veins that that we're drilling. Uh we haven't seen any visible gold to date, but we have seen um sheite, which is which is one of the key indicator minerals for uh gold in in some of the systems in the belt. I know the guys at Sitka Gold have been using the UV lights to basically lamp their core that helps them, you know, identify where the sheite is and then you can, you know, you look in more detail in there and that's where they've been able to find a lot of their their good grades. So, you know, we we do see uh that in abundance, especially in that that first hole. So, you know, we don't know if what kind of gold grades we're going to have, but you know, we know there's gold in the system and we know we're hitting lots of sheet veining. So, you know, as a first pass, like I said, a lot of really broad stepouts and then, uh, we're looking to come in next year with, you know, larger program to, you know, drill around where we where we get the best results from this year. But, yeah. >> Well, the market definitely reacted well to your press release out on Ry project. Can you talk a little bit for investors that might have missed the first podcast that we did about your two projects, Mountain Hinton and Rye, and then do you want to talk about some of the differences between the two of them? >> Yeah. So, there's Yeah. sort of large belt of uh intrusion related projects that are that are in Yukon and and the the Mount Hinton is out on the on the west side of that belt is thought to be sort of the central or have the central heat pump for the big mineral system that's in that district. And so hecka's mining there currently. They've got, you know, over 200 million ounces of silver historical production. I think they've got somewhere in the neighborhood of 70 million ounces in resource still of silver. And Mount Hinton is the more goldri part of that system. So that vein system that's on the heckas mining extends onto our onto the Mount Hinton ground. It's all the veins we see there are much more goldrich. So our thinking there was that we're in the hotter part of the system and that there was an intrusive center driving that mineralization. So our program out there was was designed to to test one of the geohysical anomalies that we found in 2024 to see if if that was representative of of a possible heat source. And so that's still a work in progress on on that uh on that project. Um there's a you know the vein potential on Hinton is is still there. We did we did a little bit of uh you know trenching and mapping and and surface sampling on the veins there this summer that we'll have you maybe some numbers to come out later on this summer once we get assays but uh yeah the focus there was was looking for the intrusion and the reason is that you know you've seen companies like Snowline Gold is really the best example where they're a micro cap company like us and they tapped into one of these bulk tunnage type systems and it's it's really these these big reduced intrusion systems you're able to build ounces with less drill meters than than if you're going after veins and so that's really the push from our investors is to look for one of these bulk tonnage systems and they say, you know, like the veins at Hinton, they're they're worth a there's a lot of value there, but just where the market's at today. We the uh yeah, the focus is finding these bulk tonnage systems and so that was what we were testing for at Hinton. Um like I said, we hit some dyking in in that second hole, so you know, some signs of of a nearby intrusion. Um but yeah, going out to the eastern end of the belt where where the Rye project is, you know, that that one there where we're we're we've got an intrusion that comes right to surface. So it's it's not it's not that we're looking at, you know, geohysical features and trying to interpret them and and guess, okay, what could be causing this anomaly. It's, you know, the big geoysical anomaly that's at Hinton. We we or sorry, that's at the Ry. We can we can see the rocks coming to surface. So we know that okay, yes, it is actually these rocks that are causing that anomaly. And yeah, lo and behold, well, it's we've got some nice looking rocks in the in in in the first couple of drill holes. So, yeah, we're we're definitely very excited because uh you know, we saw how quickly Snow Line went from, you know, a micro cap company to, you know, they're now a few years into their their exploration campaign at the Rogue and they they're now $ 1.5 billion company. You know, they've obviously found one of the one of the nicest gold deposits in the world. So, you know, that's that's sort of the the top of what what you're what you're shooting for. But if there's a lot of other deposits, you know, that have been found in the belt and and those guys are still commanding, you know, multiple hundreds of million dollar market caps. And so, you know, Trifecta is still here sitting around 20 million. So, I think there's still, you know, a lot of upside potential uh for for our stock at this point. I mean, we did a restructuring very recently to acquire this property package. So, you know, the company's still very tightly held. uh we've got, you know, over 30% with insiders and then we have two other uh groups that have 9.9% uh share positions and that are all, you know, capable of writing large checks to help support our our exploration campaigns moving forward as we, you know, move this from from what appears to be a new brand new discovery. you know, so we've got a little bit of a rer rate from say the 10 to 20 million range as we start to define this a little bit more with more drill holes and people can recognize, hey, this is going to be a deposit, then we'd expect, you know, the next rerate and then, you know, you start defining your deposit and hopefully, you know, it's looking economic and then you're up into the next category. So, just really trying to do this in a systematic fashion and, you know, we're we're obviously really happy with the the inaugural program so far. So, you know, few more holes to come to give us a bit more idea of what the system looks like further into the intrusion and then further at depth um underneath some of that hornfells and see if you know in that hole one the theory is that that that is sitting above the the intrusion as well. So, you know, is is the second hole that we're going to undercut are we going to be still in the hornfelds hitting the same kind of rocks or are we going to be an underlying intrusion? Like there's, you know, a lot to learn from this this program still to come. So >> obviously the market reacted the most to your rye project. So you know when those assay results and everything you have a better gauge of what you're doing. Is that as you move forward really going to be the target you spend the most time with or are you going to build out both slowly or what are your thoughts for like how you want to build that story out long term? >> Yeah, I mean right now the uh I I would say that the focus would be the rye. I mean, we pretty much the game plan that we we had coming into this this year, we I think we're still sticking with that, right? It was go out, do some initial drill tests on on on a couple targets, and then focus our efforts on on on what what everyone was responding the best to those initial efforts. And and so far, you know, just from only going off of visuals, we don't have assets from either project, it seems as though the uh the rye is is responding the best. And so, yeah, that's that's definitely going to be the focus. on my way down to Colorado next week uh to the to the precious metal summit to you know try to get this story out to as as many investors as I can because I think we're still you know flying quite under the radar compared to a lot of our competitors in the belt >> once these assays and everything come in are you going to look that you need to raise capital or are you fully funded to go into drilling program for next year or >> yeah so coming out of this exploration season we're still going to have you know north of a couple million dollars of flow through in the treasury so that's you know more than enough to get a program going um you with if if the holes that we see, you know, are as good as we're we hope that they are, then, you know, I'm sure we're there's going to be lots more interest. I mean, basically, as soon as we we put that news release out, I my phone started lighting up with people, you know, asking to to give us funding. So, um I don't think it's, you know, it's not hard in this belt to look for analoges of of successes, right? And I think everybody sees that and and so yeah, the idea would be, yeah, just to keep wrapping this up. I mean, we we're at the point now where we've got the money in the bank to complete our our earning. And that's I guess really one of the the beautiful things about this option deal we have to acquire these projects is that we can spend our we've got to spend $6 million to to earn in the first 70%. And um but that 6 million is earmarked isn't sorry doesn't have to be earmarked in any specific project. It was just you know on all the projects in in this package that we're acquiring. And so we can basically just follow wherever the results are the best and that's where we want to spend the money. And so we've got that cash uh already in in treasury to to earn in. So you know like definitely it's in the industry where you know we we basically get out there and spend money. So we're always looking for more exploration dollars to to you know expand our programs. But yeah, based on the response ahead after the this initial uh these initial holes, I don't think that'll be be an issue to to do an expanded program next year, you know, beyond what we already have in the Treasury >> with gold obviously again looks like it's breaking out. It feels like the right time for a gold discovery story. Um I know we don't have a crystal ball here, but um do you want to just talk about a little bit about like the valuation of what the potential is for Trifecta with the discovery? It's uh pretty incredible being at at this gold price. Um you know, the majors now are are pumping out a lot of cash. And so the the thinking and I think in our industry is that, you know, they're going to have to start going shopping now and they're going to start buying some of these deposits that have been have been defined in the last little while. And then that, you know, just starts bringing a lot more capital back into into our space. And so, yeah, the timing of of making a brand new discovery for Trifecta really couldn't be better in terms of in terms of the gold price. So, now it's really just my job to to get this story out to a broader audience so that, you know, when when we get our drill results that we've, you know, got enough eyes on our story that that, you know, we can advance this thing aggressively. for just listeners that maybe missed the first podcast, just talk about the team that's in place because I feel like that's quite important because you guys have quite a great technical team and some good background as far as building out discovery stories. >> Yeah. So, our group has been active in the Yukon really since since the 60s, some of the the guys that are, you know, still on the advisory committees and whatnot. And, you know, myself and Jack have been working up in the Yukon. Uh Jack's my VP X and we've been working up there since 2005. So, you know, 20 years just even for some of the the young guns that are that are in this deal now. And, you know, our team was involved in in the discovery of both of the highest grade greater than 1 million ounce gold deposits in Yukon. Um, and so that's a lot of the work with the Archer Cathro Group. um you know they they do work with other companies now in in in the belt but um that's sort of a lot of the key geologic minds sort of came out of there and that's where a lot of our project package came sort of from the the work that Archer Catherine and strategic metals have done in Yukon over the years that's really how we've been able to amass a lot of our initial claim positions u on our technical advisory board uh Rob K you know he was a former partner of Archer Cathro he's he's on our technical advisory committee there he was a former president of of attack resources, you know, when they found the the Osiris discovery, a whole belt of Carlin deposits in Yukon, you know, award-winning discoveries there. Uh we've got Moira Smith on our technical advisory board. She's also got lots of experience in this tombstone gold belt, having co-authored a lot of the papers on reduced intrusion systems. Uh some of her uh work in the belt was focused on on uh some projects in the offset in in Alaska because this same belt of intrusions actually doesn't go over into Alaska. She's she's got a lot of work on the pogo system over there as well as other sort of offtrend large deposits down in Nevada. So she's, you know, very well-known geologist. Uh, one of our our 20% shareholder is a condor investors. They're a large fund based out of Dallas. And one of their key technical adviserss is Fred Greyel. And so he was the chief geologist with the Sarco. And so, you know, another huge wealth of knowledge that also sits on our technical advisory committee. So, you know, aside from our, you know, boots on the ground relationships with, you know, Archer Catherine and that team that's got the track record of discovery and efficient exploration in Yukon, we've got, you know, a lot of a lot of people with with, you know, huge lists of discoveries behind behind their names that are, you know, are lending us, you know, their wisdom uh to try to help guide our our programs. And, you know, it's uh seems to be working out fairly well so far. So, you know, definitely glad to to have this team behind me. Do you want to just um just quickly run over a little bit of the financial structure again and then some of you have Crescat Capital? I know um some amazing people behind you as far as on the stock side. Um for investors that are looking just at the share structure and people behind it. Um, last year I guess I'll step back a little bit because last year we did sort of our restructure of the company and and an initial kind of seed round at uh and you know got out started started to do some of initial work set things up for drill programs this year and then this this summer we were able to bring in Crescat on a 9.9% basis. you know, they've invested in a lot of the companies in in the Belum and had success. And once once we ran Quinton Henny through a lot of our data, he said, you know, you guys have to try to get a drill onto that rye project. You know, that was that was really the impetus of of them investing in the company. And so, you know, another another win for for those guys, I think, so far based on our visuals and and then also the other secondary uh or not secondary, but sorry, the second 9.9% investor that came in was um Alex Gubbins. So, you know, well-known mining investor out of out of Peru again was is a big shareholder of Snowline, Rackla, a number of the other companies in the belt. And then, um, I' I'd already mentioned Condor. They've got one of their managing partners on our board. We've got some of their guys on our technical advisory committee. So, you know, between those three investors, that's, you know, 40% of the shares of the company right there. And, and and, you know, they're all, you know, represent very large funds. So, you know, for a company the size of with the market cap of Trifecta to to acquire, I think that caliber of investors probably speaks quite heavily to the geological backing that we have. Uh, so yeah, I mean that that, you know, really opens up our ability to raise capital as as we move forward to to advance this is is having that, you know, good good uh share registry. Um, with, you know, insiders still own over 10% and none of that stock came from seed stock either. I mean it was all purchased out of the open market or private placements or or warrant exercises. I you know after after the uh Crescad and financing there last or sorry earlier this year we had a number of warrants come in. Um they got exercise that topped up our our hard dollar treasury. So you know we've like I said we'll have over two million of flow through at the end of this this season and probably still over a million of of hard. So you know the company is still in really good financial shape moving forward. Everything is in perfect alignment for a fantastic fall for Trifecta. Richard, it's always a pleasure. Do you want to have any closing remarks for investors? Um I know you did just under 800 meters for Mountain Hidden and it's um 2,000 for Broad project or am I? >> Yeah, I mean it's it sort of depends on drill productivity. Um, you know, we're we're I think we're definitely going to be over the 1500 meters uh at ride just based on sort of where we were at the last couple days. And so it's just yeah, finishing up this hole in the intrusion and then stepping down drilling our hole under hole one. And basically just have to get out of there, you know, within the next, you know, nine days. I guess we'll be we'll be out. We got we'll be demobed by midepptember under our current permit. So it's just as much as we can get done up until that time. So, >> well, fantastic. Is there any conferences besides uh Beaver Creek that investors can find you at or follow you? >> Well, yeah, I guess in in September, I'll be well down to Beaver Creek and then back up to Vancouver by the Metals Investor Forum there. I've I've got a number of uh investors there. I John Kaiser has been writing writing us up as well uh as as one of his picks. So, you know, a good following with that group of investors. So, I'll go touch base with a number of people there as well in September. And then um yeah, fill in the schedule, but uh you know, November's the Yukon Geoscience is is a big one for all the Yukon companies and and really everybody, you know, getting getting back together. And there's a big community events up there as well with the the various First Nations. So, you know, that that sort of rounds out our our fall, but there's obviously a few other conferences in in November we might uh be able to add to the schedule given uh the the results that are starting to come out of the field for us. So, we'll keep people updated as as more more events come onto the the schedule. [Music]