New Drilling at Kombat Mine - East 400 Pit Delineates 9 Metres at 7.9% Cu and 23.8 g/t Ag
New Drilling at Kombat Mine - East 400 Pit Delineates 9 Metres at 7.9% Cu
and 23.8 g/t Ag
TORONTO--(BUSINESS WIRE)--July 6, 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. Kavango North pit is an
extension of the Kavango Pit.
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 holes did exhibit evidence of oxidization
in the mineralized zone, but also returned some of the highest silver grades reported in drilling
this year.
E400INF009 (3.7 azimuth, -53 dip)
Intersected 11m, 1.75% Copper, 20.61g/t Silver, from 31m.
E400INF013 (186.4 azimuth, -58.7 dip)
Intersected 9m, 7.89% Copper, 23.80g/t Silver, from 30m.
At the Kavango North pit, where mining is currently active, the team drilled confirmatory holes
within the planned resource envelope. The results of the drilling displayed a strong correlation to
the resource model, supported the targeted head grade of 1.2% copper and exhibited higher silver
grades in excess of the resource average 6.2 g/t.
KVNINF005 (180 azimuth, -63 dip)
Intersected 15m, 1.59% copper, 13.07g/t silver, from 17m.
KVNINF014 (171.8 azimuth, -62.1 dip)
Intersected 5m, 2.78% copper, 36.99 g/t silver, from 35m.
KVNINF017 (181.1 azimuth, -64.6 dip)
Intersected 29m, 1.19% copper, 10.84 g/t silver, from 20m.
These infill holes drilled at East 400 and Kavango North pit serve as confirmation of
mineralization previously modeled, however, copper and silver grades are higher than expected.
Jed Richardson, Trigon’s President and CEO, commented, “Drilling is now focused on East 400
and East 600, completing resource confirmation and definition. One of the three drill rigs active
at Kombat will be moved to Gross Otavi on the western limb of the Copper King Extension later
this month.”
“Our mining ramp-up continues at Kombat. We have already moved 210,000 tonnes of ore and
waste this month, exceeding the 124,000 tonnes moved in May, and our June target of 180,000
tonnes. At full production, monthly mined ore and waste will average 240,000 tonnes per month
and our team has already shown this is a target they will be able to meet and exceed in the
coming months. Mill start-up is planned for the end of July, with first concentrate shipment in
August.”
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.
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, contact:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com