Kavango West Surface Drilling Delineates New Underground Ore -- Mining Expected to Start Ahead of Schedule
Kavango West Surface Drilling Delineates New Underground Ore -- Mining
Expected to Start Ahead of Schedule
TORONTO--(BUSINESS WIRE)--May 4, 2023--Trigon Metals Inc. (TSX-V: TM; OTCQB:
PNTZF) (“Trigon” or the “Company”) announces results from the drilling of new mineralization
targets at its Kombat Mine in Namibia (the “Project”) with key highlights from the drilling
campaign. The reported results are from the Kavango West area, 150 metres west of the Main
Kavango Pit, discussed in recent press releases, the implications being a favourable confirmation
of the Kombat trend mineralization.
Highlights of the Drill Results
Hole 3 (180 azimuth, -76.4 dip)
- 10m, 2.07%Cu, from 53m
- 3m, 1.24%Cu, from 71m
Hole 4 (180 azimuth, -58 dip)
- 6m, 2.65%Cu, from 57m
Hole 9 (0 azimuth, -55 dip)
- 9m, 2.59%Cu, from 60m
Hole 15 (351 azimuth, -55 dip)
- 6m, 2.93%Cu, from 61m
The holes reported are from drilling testing gaps in the known mineralization previously thought
to be barren. Holes 3, 4, 9 and 15 are verification holes testing continuity between areas
previously drilled. The results are some of the longest intercepts drilled from surface.
Kavango West is a direct extension of the main body of the mineralization lying just west of the
planned Kavango Pit closer to the mill and main shaft. The mineralization is proving to be higher
grade but deeper than Kavango and Kavango North. From historical drilling, this connects to
even larger bodies at depth and is close to underground workings. This area has been
incorporated into the Company’s underground mine plan.
Jed Richardson, Trigon’s President and CEO, commented, “I am very pleased with the progress
made by the Trigon team. The work has exceeded our initial expectations and we are ahead of
schedule. Crews have moved to the open pit. Free dig material around the pit is already being
moved. Holes are being drilled and charges are being set for Tuesday, May 9, 2023, a week
ahead of the previously projected first blast of May 16, 2023.”
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.
Table of Drilling Highlights
Hole ID X Y Depth Azimuth Dip Significant and
Selected
Intersections
KVW0001 74,415 253,342 73.6 0 -45 1m, 1.48%Cu, 7.5 g/t Ag, from 69m
KVN0003 74,425 253,404 76.4 180 -59 10m, 2.07%Cu, from 53m
3m, 1.24%Cu, from 71m
KVW0004 74,465 253,405 67.1 180 -58 6m, 2.65%Cu, from 57m
KVW0005 74,450 253,415 82.7 181 -51 2m, 1.28%Cu, from 57m
3m, 8.30%Cu, from 67m
KVW0006 74,433 253,400 70.8 172 -62 4m, 2.83%Cu, from 64m
KVW0008 74,423 253,343 85.7 0 -55 7m, 1.58%Cu, from 59m
KVW0009 74,434 253,344 79.7 0 -62 9m, 2.59%Cu, from 60m
KVW0014 74,453 253,342 76.4 12 -56 1m, 1.92%Cu, from 65m
KVW0015 74,465 253,340 73.4 351 -55 6m, 2.93%Cu, from 61m
KVW0016 74,473 253,338 74.1 2 -51 3m, 1.29%Cu, from 62m
KVW0017 74,482 253,336 77.1 337 -45 3m, 1.52%Cu, from 67m
KVW0017B 74,485 253,336 83.1 5 -44 1m, 3.22%Cu, from 65m
KVW0021 74,500 253,370 76.5 6 -56 3m, 1.52%Cu, 5.7 g/tAg, from 43m
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.
Renmark Financial to Host Virtual Non-Deal Roadshow Today
Trigon will be participating in a live Virtual Non-Deal Roadshow session Thursday, May 4,
2023. Trigon welcomes stakeholders, investors, and other individual followers to register and
attend this live event.
Jed Richardson, President and Chief Executive Officer, and Aidan Sullivan, Vice-President,
Investor Relations will walk viewers through the latest investor presentation followed by a live
Q&A. Investors interested in participating in this event will need to register using the link below.
As a reminder, registration for the live event may be limited but access to the replay after the
event will be on the Trigon website.
REGISTER HERE:
Thursday, May 4, 2023 at 10:00 AM ET:
https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-v-tm-
otcqb-pntzf-2023-05-04-160000
Please access this link using the latest version of Google Chrome to ensure smooth connectivity.
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
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.
This news release may contain forward-looking statements. These statements include statements
regarding the Project, the mineralization of the Project, the Company’s exploration plans and
results thereof, the prospectivity of the Project, the economic viability of the Project, 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