Figure 1 and 2). The holes targeted orebodies adjacent to historic workings and close to existing
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 5 M E T R E S A T 1 1 . 2 1 % C U A N D 1 1 7 . 8 9 G / T A G
Toronto, Ontario (October 8, 2024) – Trigon Metals Inc. (TSX -V: TM, OTCQB: PNTZF) (“Trigon”
or the “Company”) is pleased to announce the results of drilling from recent underground drilling
at Shaft 1 at levels 3 and 5 at the Kombat mine. These holes were intended as confirmation but
have significantly increased the grade and extended the known mineralization in the zone (see
Figure 1 and 2). The holes targeted orebodies adjacent to historic workings and close to existing
development thus allowing for near-term mining as Trigon ramps up and focuses solely on
underground operations.
Highlights – Level 3 (105 metres from surface)
• KWO-217: 5 metres at 11.21% Cu and 117.89 g/t Ag
• KWO-218: 8 metres at 2.55% Cu and 18.65 g/t Ag
• KWO-221: 9 metres at 3.93% Cu and 56.13 g/t Ag
Highlights – Level 5 (120 metres from surface)
• KWO-194: 2 metres at 4.36% Cu and 22.27 g/t Ag
• KWO-198: 4 metres at 2.83% Cu and 49.75 g/t Ag
Drillholes KWO-217, KWO-218 and KWO-221 were drilled on the South-Eastern margin of the
sublevel 3.1, about 105m from surface where they all intercepted significant intercepts of
mineralization between 8 metres and 16 metres to the North-East, South-West of their closest
historical intercepts. Similarly, drillholes KWO-194 and KWO-198 were drilled on the Southern
margin of the Level 5, about 150m from surface where multiple intercepts found between 80
metres and 84 metres to the East-West from their nearest historical intercepts (refer to Figure 3
and 4).
Jed Richardson, CEO and Executive Chairman of Trigon Metals, commented, “Even with 45 years
of mining history at Kombat, the deposit continues to surprise us with new high-grade ore -- even
adjacent to old developments . There is tremendous value in this mine yet to be realized in our
market capitalization.”
Dr. Andreas Rompel, Trigon’s VP Exploration, adds, “We are very excited about the grade we are
intersecting in these holes as we forecast that the grade increases with depth, and these results
are the confirmation of the prediction. Higher grade, together with the current high copper price
make us very confident of a great future for the mine.”
Figure 1: Drill Core from KWO-217
Depiction of massive bornite with traces of chalcopyrite, occurring in a weak zone possible fault
zone.
Figure 2: Drill Core from KWO-221
The drill core pictured in Figure 2 shows covellite, bornite and chalcopyrite occurring in highly
calcified and fractured zone.
.
Figure 3: Map of Drill Work Completed at Shaft One, Level Three of Kombat Mine
Figure 4: Map of Drilling Depicting High Grade Area on Hole KWO-198, Level Five of Kombat
Mine
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 wi th 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 siz e: 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.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements
regarding the exploration drilling at the Kombat Mine, the prospectivity and mineralization at the
Kombat Mine, the Company’s exploration and drilling program, the Company’s strategies and the
Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Mine,
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