The share price of Vancouver-based explorer Triumph Gold jumped 11% on Monday, following news that the exploration arm of major miner Rio Tinto has entered into an option agreement to obtain a 100% interest in the Andalusite Peak property, in north-west British Columbia.
The Andalusite property (31.67 km2) was staked by Triumph Gold in January 2017. Work by Triumph Gold geologists in 2017 and 2018 verified an alteration zone and identified two trends of high grade copper, silver and gold mineralisation on ridge-tops about 1.5 km apart.