Trigon Confirms 76m at 1.48%Cu and 8.9g/t Ag – 22 metres from the planned East 600 pit at its Kombat Mine, Namibia
Trigon Confirms 76m at 1.48%Cu and 8.9g/t Ag – 22 metres from the planned
East 600 pit at its Kombat Mine, Namibia
TORONTO--(BUSINESS WIRE)--June 8, 2023--Trigon Metals Inc. (TSX-V: TM; OTCQB:
PNTZF) (“Trigon” or the “Company”) announces drill results from the East 600 planned open
pit, at the Kombat mine in Namibia (the “Project”). These holes were drilled to confirm known
historical mineral resources drilled previously by the prior owner from the underground. These
results are new to the East 600 area and represent some of the longest mineralized intercepts
drilled from surface. East 600, also referred to as the ore capping zone, is located 400m east of
the main pit and has been incorporated into our resource plan and mine plan.
Highlights of the Drill Results
Hole 2
Intersected 4.34m, 1.56% Cu, from 37m
Hole 3
Intersected 10m, 1.14% Cu, from 40m
Hole 4
Intersected 76m at 1.48%Cu, 8.9g/t Ag from 22m, including:
- 13m, 1.46% Cu, 5.7g/t Ag, from 3m, and
- 21m, 3.54%Cu, 17.9g/t Ag from 49m, and
- 11m, 1.39%Cu, 5.61g/t Ag from 87m.
Mining Update
Trigon has now completed one full month of mining at Kombat, and the ramp-up to full mining
production is going well. The goal for May was 120,000t of mined rock, and 124,000t were
mined. May was strictly waste tonnes, but high-grade mineralization has been exposed in several
areas of the pit. The first ore tonnes are scheduled to be mined towards the end of June.
Blasts have occurred on schedule once a week, this schedule will be maintained until the mill
starts at the end of July, whereupon blasts are scheduled twice a week. We anticipate mining
rates will average 8,000 tpd when the mine is in full operation. However, in start-up mode
mining rates have reached up to 10,000t on days when the team has pushed to test capacity.
Jed Richardson, Trigon’s President and CEO, commented, “Current drilling at East 600 is
increasing our confidence of adding more hig-grade ore and reducing our overall strip ratio. We
will continue to test areas around the planned open pits; East 400, East 600, and East 900 as
potential sources for adding near surface high-grade ore. In addition, drilling is planned for the
Otavi area, 12km west of the Kombat mining permit to test the limbs of our 35km of mineralized
strike-length corridor.”
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 To (m)
From (m) Length (m) Density Cu% Pb% Zn% Ag (ppm)
OC0002 37.00 2.50 38.00 1.00 2.81 0.36 0.01 0.01
OC0002 38.00 2.50 39.00 1.00 2.75 0.44 0.01 0.01
OC0002 39.00 9.32 40.00 1.00 2.76 2.9 0.01 0.01
OC0002 40.00 6.73 41.34 1.34 2.71 2.3 0.01 0.01
OC0003 40.00 9.37 41.00 1.00 2.81 3.21 0.01 0.01
OC0003 41.00 2.50 42.00 1.00 2.80 0.24 0.01 0.01
OC0003 42.00 2.50 43.00 1.00 2.77 0.15 0.01 0.01
OC0003 43.00 2.50 44.00 1.00 2.84 3.07 0.01 0.01
OC0003 44.00 2.50 45.00 1.00 2.83 1.45 0.01 0.01
OC0003 45.00 2.50 46.00 1.00 2.81 0.73 0.01 0.01
OC0003 46.00 2.50 47.00 1.00 2.80 0.34 0.01 0.01
OC0003 47.00 2.50 48.00 1.00 2.80 0.16 0.01 0.01
OC0003 48.00 2.50 49.00 1.00 2.84 0.42 0.01 0.01
OC0003 49.00 12.62 50.00 1.00 2.84 1.58 0.01 0.01
OC0004 22.00 2.50 23.00 1.00 2.85 0.81 0.92 0.04
OC0004 23.00 2.50 24.00 1.00 2.79 0.25 0.005 0.01
OC0004 24.00 12.47 25.00 1.00 2.87 2.97 0.01 0.01
OC0004 25.00 2.50 26.00 1.00 2.82 2.26 0.005 0.01
OC0004 26.00 2.50 28.00 2.00 2.80 2.47 0.005 0.01
OC0004 28.00 18.05 29.00 1.00 2.85 2.9 0.02 0.01
OC0004 29.00 5.68 30.00 1.00 2.77 0.57 0.005 0.01
OC0004 30.00 2.50 31.00 1.00 2.78 0.2 0.005 0.01
OC0004 31.00 2.50 32.00 1.00 2.78 0.65 0.005 0.01
OC0004 32.00 15.67 33.00 1.00 2.79 2.2 0.005 0.01
OC0004 33.00 2.50 34.00 1.00 2.75 0.64 0.005 0.01
OC0004 34.00 2.50 35.00 1.00 2.74 0.64 0.005 0.01
OC0004 35.00 2.50 37.00 2.00 2.81 0.53 0.005 0.01
OC0004 37.00 2.50 39.00 2.00 2.77 0.03 0.005 0.01
OC0004 39.00 2.50 41.00 2.00 2.76 0.03 0.005 0.01
OC0004 41.00 2.50 42.00 1.00 2.81 0.005 0.005 0.01
OC0004 42.00 2.50 43.00 1.00 2.79 0.06 0.005 0.01
OC0004 43.00 2.50 44.00 1.00 2.76 0.28 0.005 0.01
OC0004 44.00 2.50 47.00 3.00 2.78 0.005 0.005 0.01
OC0004 47.00 2.50 49.00 2.00 2.77 0.17 0.005 0.01
OC0004 49.00 2.50 51.00 2.00 2.70 0.65 0.005 0.01
OC0004 51.00 7.44 52.00 1.00 2.74 2.65 0.005 0.01
OC0004 52.00 6.40 53.00 1.00 2.58 2.08 0.005 0.01
OC0004 53.00 31.23 54.00 1.00 2.86 8.33 0.02 0.01
OC0004 54.00 19.03 55.00 1.00 2.81 5.44 0.005 0.01
OC0004 55.00 2.50 57.00 2.00 2.70 1.08 0.005 0.01
OC0004 57.00 2.50 59.00 2.00 2.77 0.67 0.005 0.01
OC0004 59.00 2.50 61.00 2.00 2.69 0.3 0.005 0.01
OC0004 61.00 2.50 62.00 1.00 2.93 0.6 0.005 0.01
OC0004 62.00 74.67 63.00 1.00 2.67 12.01 0.005 0.005
OC0004 63.00 41.50 65.00 2.00 2.94 6.75 0.005 0.01
OC0004 65.00 6.17 66.00 1.00 2.68 1.11 0.005 0.01
OC0004 66.00 46.80 68.00 2.00 2.88 6.78 0.01 0.01
OC0004 68.00 29.72 69.00 1.00 2.94 8.41 0.01 0.01
OC0004 69.00 2.50 70.00 1.00 2.72 1.34 0.01 0.02
OC0004 70.00 2.50 71.00 1.00 2.69 0.39 0.09 0.02
OC0004 71.00 2.50 72.00 1.00 2.81 0.04 1.56 0.01
OC0004 72.00 2.50 73.00 1.00 2.75 0.02 0.11 0.01
OC0004 73.00 2.50 75.00 2.00 2.74 0.005 0.005 0.01
OC0004 75.00 2.50 77.00 2.00 2.80 0.005 0.08 0.01
OC0004 77.00 74.48 78.00 1.00 3.40 0.15 0.2 0.03
OC0004 78.00 23.00 79.00 1.00 2.97 0.11 0.07 0.01
OC0004 79.00 2.50 80.00 1.00 2.80 0.27 0.08 0.01
OC0004 80.00 2.50 81.00 1.00 2.74 0.07 0.72 0.01
OC0004 81.00 2.50 82.00 1.00 2.79 0.18 0.38 0.01
OC0004 82.00 2.50 83.00 1.00 2.75 0.15 0.39 0.01
OC0004 83.00 2.50 84.00 1.00 2.76 0.02 0.23 0.01
OC0004 84.00 2.50 85.00 1.00 2.73 0.04 0.5 0.01
OC0004 85.00 2.50 86.00 1.00 2.78 0.05 0.05 0.01
OC0004 86.00 2.50 87.00 1.00 2.86 0.12 0.005 0.01
OC0004 87.00 2.50 88.00 1.00 2.85 1.48 0.02 0.01
OC0004 88.00 2.50 89.00 1.00 2.80 1.63 0.005 0.005
OC0004 89.00 2.50 90.00 1.00 2.80 0.87 0.005 0.005
OC0004 90.00 2.50 91.00 1.00 2.78 1 0.005 0.005
OC0004 91.00 2.50 92.00 1.00 2.77 1.07 0.01 0.005
OC0004 92.00 2.50 93.00 1.00 2.79 1.03 0.005 0.005
OC0004 93.00 29.71 94.00 1.00 2.91 4.04 0.01 0.005
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 Roadshows Next Month
Trigon will be participating in a live Virtual Non-Deal Roadshow session on Wednesday, June
14, 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:
Wednesday, June 14, 2023 at 2:00 PM ET:
https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-v-tm-otcqb-
pntzf-2023-06-14-120000
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, contact:
Jed Richardson
+1 647 276 6002
Website: www.trigonmetals.com