Drilling in East 400 Area Continues to Delineate Mineralization at Kombat, Namibia – 13 metres at 4.2% Cu and 13.1 g/t Ag
Drilling in East 400 Area Continues to Delineate Mineralization at Kombat,
Namibia – 13 metres at 4.2% Cu and 13.1 g/t Ag
TORONTO--(BUSINESS WIRE)--September 21, 2023--Trigon Metals Inc. (TSX-V: TM;
OTCQB: PNTZF) (“Trigon” or the “Company”) announces results from confirmation drilling at
the Kombat Mine in Namibia (the “Project”) with key highlights from the drilling campaign. The
reported results are from the East 400 area, and the Kavango North Pit. The East 400 area is
located 250m east of the Kavango Pit where mining began in May 2023.
Highlights of the Drill Results
The team has drilled some confirmation holes in the East 400 area. East 400 is the smallest and
shallowest of the planned pits at the Kombat mine. The following holes have dramatically
extended the known mineralization and mineable tonnage in the zone. The following are a
couple of the best results:
E400FLW-006 (1.77 azimuth, -58.3 dip)
Intersected 5.4 m, 1.3% Cu and 13.1 g/t Ag, from surface, and
intersected 4.0 m, 6.6% Cu and 75.4 g/t Ag, from 27.0 m
E400FLW-007 (176.1 azimuth, -57.7 dip)
Intersected 13.0 m, 4.2% Cu and 10.1 g/t Ag, from 34.0 m, and
Intersected 7.0 m, 1.9% Cu and 7.0 g/t Ag, from 59.0 m, and
Intersected 4.0 m, 0.9% Cu and 4.1 g/t Ag, from 78.0 m
Jed Richardson, Trigon’s President and CEO, commented, “We are thrilled with the exceptional
drilling results at the East 400 area. These findings further demonstrate the high-grade copper
potential within our licences and solidify our confidence in the exploration and development of
the Kombat project."
Company Update
Production at Kombat continues to outperform expectations; concentrate production continues to
build, with concentrate grades around 30% copper, and recoveries are above 80%. The mill has
been running continuously for over the last 96 hours without interruption at a rate of 95%
capacity.
In addition to the successful drilling outcomes at the East 400 area, Trigon has initiated drilling
activities at the recently acquired Silver Hill Project in Morocco. The 2,000-metre drill program
is nearing its end, mineral assays will now be taken and reported to the market in due course.
Drill holes are spaced at <7.5m intervals, testing gaps areas between the historical drilling and
measuring contact between sulfide and oxide mineralization.
The wet drill core picture in Figure 3 shows visible sulfide mineralization.
The assays have been prepared and classified by Trigon Mining (Namibia)(Pty) Ltd in
accordance with the reporting guidelines as set out in National Instrument 43-101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”) as required by the Canadian Securities
Administrators.
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 Specialists 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 technical information presented in this press release has been reviewed and approved for
disclosure by Fanie Müller, P.Eng, VP Operations of Trigon, who is a Qualified Person as
defined by NI 43-101.
Warrants Extension
Further to Trigon’s September 20, 2023 press release, the Company’s 735,999 common share
purchase warrants previously set to expire on October 13, 2023 with an exercise price of $0.45
have been extended to March 31, 2024.
Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core
business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently,
the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80%
interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely
recognized for its high-grade copper deposits, where the Company is focused on exploration and
re-development of the previously producing Kombat Mine. In Morocco, the Company is the
holder of the Silver Hill project, a highly prospective copper and silver exploration project.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements
regarding the Kombat Mine and Silver Hill Project, the mineralization of the Kombat Mine and
Silver Hill Project, the Company’s exploration plans and results thereof, the prospectivity of the
Companies Projects, the economic viability of the Kombat Mine, the Company’s ability to restart
operations 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) accept responsibility for the
adequacy or accuracy of this release
Contacts
For further information:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com