Trifecta Gold Acquires Full Interest in Yukon Projects

Trifecta Gold Ltd. has finalized its acquisition of a 100% interest in several gold and silver projects in the Yukon's Tombstone Gold Belt from Strategic Metals Ltd. The deal was completed by issuing 6,265,000 common shares, marking a significant milestone for the company. This acquisition is projected to capitalize on the region's exploration surge, with over 20 million ounces of gold discovered since 2020.

The acquisition agreement allowed Trifecta to earn a 70% interest initially by fulfilling exploration expenditures and issuing shares. The remaining 30% was acquired by issuing additional shares to Strategic, which now holds a 13.2% stake in Trifecta. Strategic retains a net smelter return royalty interest, with an option for Trifecta to reduce this royalty through a gold or cash payment.

This extensive portfolio spans 30,000 hectares across 11 properties, including Mt. Hinton and Rye. Trifecta's exploration focus has been on sites with significant historical data, and early results are promising. Future exploration and assay results are anticipated to further define the potential of these promising assets.