Trigon Confirms New Mineralization from the Kavango North Area - Intersects 3.62% Cu and 32.9 g/t Ag over 17M, Kombat Mine
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Trigon Confirms New Mineralization from the
Kavango North Area - Intersects 3.62% Cu and 32.9
g/t Ag over 17M, Kombat Mine
TORONTO / April 20, 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 North area, 150 metres north of the Main Kavango Pit, discussed in recent
press releases (August 4, September 15, and November 9, 2022 and January 21, 2023), the
implications being a favourable confirmation of the Kombat trend mineralization.
Highlights of the Drill Results
Hole 8 (185 azimuth, -54.7 dip)
- 17m, 3.62%Cu, 32.9g/t Ag, from 27m
- 8m, 1.70%Cu, 11.59g/t Ag, from 57m
Hole 9 (181 azimuth, -55 dip)
- 1m, 9.38%Cu, 59.1g/t Ag, from 3m
- 14m, 4.02%Cu, 43.7g/t Ag, from 29m
Hole 12 (171 azimuth, -51 dip)
- 1m, 4.67%Cu, 7.1g/t Ag, from 17m
Hole 15 (179 azimuth, -59 dip)
- 5m, 3.21%Cu, 21.1g/t Ag, from 17
The holes reported are from drilling testing gaps in the known mineralization previously thought
to be barren. Holes 8, 9, 12 and 15 are verification holes testing continuity between areas
previously drilled. The results are some of the longest intercepts drilled from surface.
Kavango North is an area of mineralization discovered by the team in January. The reported
drilling confirms its continuity. It has been incorporated into our resource and mine plan, adding
more high grade ore and reducing the overall strip ratio.
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Jed Richardson, Trigon’s President and CEO, commented, “The team has now completed the
mine plan and the mine contractor is preparing to start mining, finishing work on the tailings
facility. All of the necessary equipment is in place for the start of mining. First blast is scheduled
for May 16, 2023.”
Figure 1: Map of the Kavango Program Area Showing the Location of Holes 8, 9, 12 and 15 in
the Kavango North Area
Verification holes 8, 9, 12 and 15 are in the heart of the Kavango North mineralized zone and
should be considered infill holes confirming mineralization between holes previously drilled. The
results reported here are notable because of the length of the intercepts above the projected
reserve grade.
Figure 2: Cross Section Kavango North -- Hole 8
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Figure 2 shows the modelling done before the drilling of KVN0008. It shows a copper intersection
between 4-65m and 113-116m with blended traces of Cu oxide, but predominantly sulfides between
4-24m, 1.88% copper sulfides over 41m between 24-65m, with 28.18% copper between 40-41m.
Figure 3: Drill Core from Hole 8
The core pictured in Figure 3 shows the clearly visible sulfide mineralization.
Figure 4: Cross section Kavango North -- Hole 9
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Figure 4 shows the modelling done before the drilling of KVN0009. This shows a copper intersection
between 0-4m and 30-48m with traces of copper oxide between 0-2m, 9.38% copper mainly sulfides
between 3-4m and 3.54% copper sulfides over 16m between 28-44m, with the highest copper grade
(21.77%) between 42-43m, displaying mainly copper sulfide traces throughout between 48-76m.
Figure 5: Drill Core from Kavango North Hole 9
The core pictured in Figure 5, again shows shiny golden -coloured chalcopyrite mineralization
(copper mineral) throughout the drill core.
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Figure 6: Cross Section Kavango North -- Hole 12
Figure 6 shows the modelling done before the dri lling of KVN0012. It shows a copper oxide
intersection between 16-29m with 4.67% copper oxide between 17-18m.
Figure 7: Drill Core from Kavango North -- Hole 12
The core pictured in Figure 7 shows brownish chalcopyrite mineralization (copper mineral)
throughout the drill core.
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Figure 8: Cross Section of Kavango North Hole 15
Figure 8 shows the modelling done before the drilling of KVN0015. It shows a copper intersection
between 13-30m with 1.84% Cu sulfide over 9m between 13-22m.
Figure 9: Drill Core from Kavango North Hole 15
The core pictured in Figure 9 shows massive bornite mineralization with malachite coating
(copper minerals) throughout the drill core.
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.
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Table of Drilling Highlights
Hole ID X Y Depth Azimuth Dip Significant and
Selected
Intersections
KVN0001 74,570 253,529 129.8 179 -53
3m, 0.94%Cu,
6.73g/t Ag, from
25m
KVN0003 74,600 253,530 121.1 174 -60
1m, 1.00%Cu,
16.8g/t Ag, from 6m
2m, 1.32%Cu,
9.33g/t Ag, from
53m
KVN0005 74,600 253,540 130.2 190 -58
8m, 2.48%Cu,
41.0g/t Ag, from
16m
18m, 1.96%Cu,
28.6g/t Ag, from
30m
KVN0007 74,585 253,520 100.3 178 -55
3m, 2.56%Cu,
19.8g/t Ag, from
40m
KVN0008 74,585 253,540 127.8 185 -55
17m, 3.62%Cu,
32.9g/t Ag, from
27m
8m, 1.70%Cu,
11.59g/t Ag, from
57m
KVN0009 74,570 253,540 142.1 181 -54
1m, 9.38%Cu,
59.1g/tAg, from 3m
14m, 4.02%Cu,
43.7g/t Ag, from
29m
KVN0010 74,625 253,545 130.5 176 -60
6m, 2.36%Cu,
16.3g/t Ag, from
58m
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KVN0011 74,625 253,535 127.5 182 -61
7m, 1.18%Cu,
16.4g/t Ag, from
68m
KVN0012 74,625 253,525 90.8 175 -51
1m, 4.67%Cu, 7.1g/t
Ag, from 17m
KVN0015 74,550 253,533 73.0 179 -59
5m, 3.21%Cu,
21.1g/t Ag, from
17m
KVN0019 74,585 253,492 81.0 0 -60
4m, 2.05%Cu,
18.6g/t Ag from
45m
KVN0021 74,600 253,520 65.2 0 -60
5m, 1.51%Cu, 9.1g/t
Ag, from 14m
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 wer e 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.
Generation IACP
The Company has engaged Generation IACP to provide services as a market maker in compliance
with the policies and guidelines of the TSX Venture Exchange and ot her applicable
legislation. Generation IACP will receive a fee of C$7,500 plus applicable taxes per month. The
agreement between the Company and Generation IACP is for an initial term of six (6) months and
shall be automatically renewed for subsequent six (6) month periods unless the Company
provides written notice of termination to Generation IACP. Commencing on the first anniversary
of the agreement, the fee p ayable to Generation IACP will automatically increase annually by
3.0%. No stock options or other compensation are being granted in connection with the