1, 3 and 4 at the Kombat mine. The Company also wishes to address a correction to language
T R I G O N F U R T H E R E X P A N D S M I N E R A L I Z E D Z O N E S A T K O M B A T M I N E ,
N A M I B I A – I N T E R S E C T S 8 M E T R E S A T 1 0 . 4 4% C U A N D 3 5 . 3 4 G / T A G
Toronto, Ontario (January 23, 2025) – Trigon Metals Inc. (TSX-V: TM, OTCQB: PNTZF) (“Trigon”
or the “Company”) announces the results of the recent underground drilling at Shaft 1, at levels
1, 3 and 4 at the Kombat mine. The Company also wishes to address a correction to language
used in its previous press release dated January 20, 2025.These confirmation holes were
targeting orebodies adjacent to historic workings and close to existing underground
development. True intercept width is unknown. The holes listed below have extended the known
mineralization and mineable tonnes in the upper levels at Shaft 1 (see Figure 1, 2 and 3).
Highlights – Level 1 sub 1 (45 metres from surface)
• KWO-238: 12 metres at 2.27% Cu and 30.41 g/t Ag
• KWO-239: 8 metres at 10.44% Cu and 35.34 g/t Ag
Highlights – Level 3 sub 1 (105 metres from surface)
• KWO-242: 3 metres at 6.81% Cu and 87.83 g/t Ag
• KWO-256: 5 metres at 1.40% Cu and 21.89 g/t Ag
• KWO-257: 6 metres at 1.40% Cu and 13.95 g/t Ag
Highlights – Level 4 (120 metres from surface)
• KWO04L-319: 6 metres at 2.15% Cu and 41.20 g/t Ag
• KWO04L-323: 5 metres at 3.08% Cu
• KWO04L-324: 9 metres at 1.94% Cu and 21.73 g/t Ag
Drillholes KWO-238 and KWO-239 were drilled on the eastern margin of the Sublevel 1.1 of the
mined out orebody, about 45 metres from surface. These two holes intersected significant grade
approximately 24 metres from the closest historical drillhole results known as OMEG orebodies
(refer to Figure 4). These orebodies are conformed with the regional strike-length of the Kombat
trend (E-W).
Drillhole KWO-242 was drilled southwards, defining the orebody thickness which is extending to
the East of level 3 sub-1. This area is about 105 metres from surface and the intersections were
5m long (refer to Figure 5). Similarly, drillholes KWO-256 and KWO-257 were drilled at angles of
15ᵒ to 30ᵒ to outline vertical continuity of the orebody. These holes also intersected
mineralization between 23 and 25 metres, defining a clear zone of mineralisation (refer to Figure
6).
Drillhole KWO04L-319 was drilled towards the western margin of the existing development on
level 4, about 155 metres from surface. This drill hole was aimed at defining the vertical extend
as a follow up to the closest historical intercepts. Similarly, drillholes KWO04L-323 and KWO04L-
324 were drilled on the western margin of the Level 4, where multiple intercepts were drilled
between 4 and 20 metres from their nearest historical intercepts (refer to Figure 7).
Jed Richardson, CEO and Executive Chairman of Trigon, commented, “This follow up drilling is
very encouraging in grade and intersection width and further increases our confidence in our
mineral resource and reserve models as we continue to open up new stopes with high grade
copper ore.”
Figure 1 : Shaft # 1 Drill Core from Level 1 Sub-level 1 – KWO-239
Figure 1 shows massive bornite adjacent to a stope at the end of hole (KWO239).
Figure 2: Shaft # 1 Drill Core from Level 3 Sub-level 1 – KWO-256
Figure 2 shows bornite and chalcopyrite occurring in highly calcified and fractured zone.
Figure 3: Shaft #1 Drill Core from Level 4 – KWO04L-319
Figure 3 shows massive bornite with some galena in a calcitic zone.
Figure 4: Drilling at Shaft #1, Level 1 Sub 1
Section View: Looking North
Figure 5: Drilling at Shaft # 1, Level 3
Figure 6: Drilling at Shaft #1, Level 3
Section View: Looking East
Section View: Looking East
Figure 7: Drilling at Shaft #1, Level 4
Quality Assurance & Quality Control (QA/QC)
All sample assay results have been monitored through the Company's quality assurance / quality
control (QA / QC) program following E2941 − 21 Standard Practices for Extraction of Elements
from Ores and Related Metallurgical Materials by 4 acid Digestion with ICPOES finish. Drill core
was sent to an independent laboratory, African Laboratory Speciali sts Namibia (“ALS”), for
analysis. ALS is an independent laboratory, located in Kombat, Namibia. Core samples were
prepared using the ASTM procedures. Sample size: 3 kg, crushed split to 250g weighed sample
(+/- 0.5000g).
Qualified Person
The scientific and technical information in this release has been reviewed and approved by Dr.
Andreas Rompel, Pr.Sci.Nat. (400274/04), FSAIMM, the Company’s “qualified person” as defined
in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Correction Notice
The Company wishes to clarify disclosure in its press release dated January 20, 2025, regarding
the planned transaction between Trigon and Horizon Corporation Ltd. ("Horizon"). The section
Section View: Looking North
previously titled “Proposed Strategic Sale of the Kombat Mine” has been revised to “Planned
Strategic Sale of Trigon’s Interest in the Kombat Mine.”
Additionally, the statement “Trigon’s management team continues to advance the sale of the
Kombat Mine to Horizon Corporation Ltd.” has been corrected to “Trigon’s management team
continues to advance the sale of the Company’s interest in the Kombat Mine to Horizon
Corporation Ltd. (‘Horizon’).”
Trigon currently holds an 80% interest in five mining licences in the Otavi Mountainlands in
Namibia. These licences form part of the Kombat Mine property.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements
regarding the exploration drilling at the Kombat Mine, mineral resource estimate calculation, the
Company’s ability to produce a NI 43-101 compliant mineral resource estimate, the prospectivity
and mineralization at the Kombat Mine, the financial viability of Trigon, the Company’s ability to
complete a sale of the Company’s interest in the Kombat mine, the Company’s strategies and the
Company’s abilities to execute such strategies, the economic viability of the Kombat Mine, the
Company’s expectations for the Kombat Mine, the potential transaction with Horizon, the
Company’s ability to continue to obtain financing and the Company’s future plans and
objectives. These statements are based on current expectations and assumptions that are subject
to risks and uncertainties. Actual results could differ materially because of factors discussed in the
management discussion and analysis section of our interim and most recent annual financial
statements or other reports and filings with the TSX Venture Exchange and applicable Canadian
securities regulations. We do not assume any obligation to update any forward-looking
statements, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
For further information, contact Tom Panoulias, VP Corporate Development:
+1 (647) 276-6002 x 1127
Website: www.trigonmetals.com